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Massachusetts Payday Loans

Massachusetts Payday Loans

4.2517006802721

Get a Payday Loan in Massachusetts with a very fast and easy online application form. Instant cash advance for any urgent needs.

Massachusetts Payday advance loans will help you solve any emergency problems.  Need quick cash available for bad credit? Compare Payday cash advance rates from direct lenders. Apply online in a few minutes. You are guaranteed an instant decision and if approved the money will be deposited into your bank account the next business day.

No matter what your credit score is, you can qualify for Online Payday Advance from a direct lender. Compare the offers, check your rates, and complete a simple application form online in a few minutes to get the necessary financing.

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Why Choose Compacom for Payday Loans in Massachusetts

If you've come across urgent financial needs and the next pay day is far away, Compacom will help you get instant cash today with fast and easy Online Payday Loans from the best Massachusetts direct lender. More than 408 707 trust us and they have clear-cut reasons.
Quick and Easy
Apply for a fast payday loan online right now and pay the money back with your next paycheck.
No Hard Credit Check
Get guaranteed instant approval decision without hard inquiry no matter what your credit is.
Safe and Reliable
Get connected with the best legit direct lenders. OLA certified. Trusted by thousands of US borrowers.

How Massachusetts Payday Loans Online Work - 3 Easy Steps to Instant Cash

Complete a simple application form online in minutes at the best Massachusetts lender's website.
If you qualify, you'll be approved fast same day. Check your rates and sign a loan agreement.
Get your Payday Loans fast with a direct deposit to your bank account.
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Are Payday Loans Legal in Massachusetts?

Loan Rates and Fees, Laws and Regulations in Massachusetts.

Payday loans are restricted in Massachusetts. But its residents can get $1000 - $5000 Installment and $5000 - 35,000 Personal loans. According to the Small loan act, the maximum APR for a Payday cash advance is 23% of the loan, and an administrative fee shouldn’t exceed $20.

Law statusavailable
MIN Loan Amount$100
MAX Loan Amount$1,000
MIN. Loan Term14 days
MAX. Loan Term31 days
MAX APR23%
Additional fees$20 administrative fee
NSF feeNone
Collateral or guarantorNone, unsecured
Number of simultaneous loansNot stated
Cooling off periodNone
RolloverNot allowed
Extension, repayment planNot allowed
Default penaltiesCriminal actions are prohibited
Credit score requirementsAvailable for Bad Credit
Apply online

Apply for Online Payday Loans and get instant decision from top lending organizations

Top Rated Payday Loan Companies

Rates last updated May 22nd, 2024
4.1394025604552
(1K+ votes)
Indylend
$1,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

200%
MIN APR

The percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral, or Co-signer

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit
4.7931873479319
(822 votes)
Smart Pig
$1,000
Max Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

15,5%
Min MPR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit
4.537037037037
(810 votes)
Funded Justice
$1,000
Max Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

200%
Min APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit
5
(1 vote)
E-Skills Loans
$1,000
Max Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

Available for Bad Credit
4.5059328968903
(4K+ votes)
LEND YOU
$1,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

17,5%
MIN MPR

The minimal percentage allowed that actually represents monthly cost of your loan. The MPR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

We are soon expanding to the following cities of Massachusetts. For instant cash advance at these locations you can use our online application form

Apply Online

The process of applying for Payday cash advance online is quick and simple:

  1. compare the lenders and choose the one with the best rates and fees;
  2. fill out the necessary information in the application form
  3. get the money deposited into your account within 1 business day
  4. pay off the loan with your next paycheck

Massachusetts Payday Loans alternatives 

As Payday Loans are restricted in Massachusetts, it is still possible to get credit or cash in other ways.

  • Installment Loans. They are available in the amounts of $1,000 - $5,000. The terms vary between 36 – 60 months. The repayment is in fixed monthly installments.
  • Personal Loans. Get up to $35,000 for any personal needs without a guarantor or collateral for up to 7 years term.
  • Title loans, or Pawn shops. There may be also some restrictions. So, before applying check the terms and conditions.
  • Credit card cash advance. If you have a credit card, consider a cash advance. Although expensive, this usually has a lower interest than payday loans and can help you get through a rough financial period.
  • Tribal loans. These are money from tribal lenders that operate on Native American sovereign land and aren’t regulated under state law. Make sure you’ve checked the lender’s reviews and reliability.
  • Get out a conventional loan from a bank or credit union. They are sometimes cheaper but take longer to get. Moreover, this option doesn’t suit borrowers with bad credit and those who don’t have a bank account or are not a member of a credit union.
  • Speak with your creditors to settle your debt. If you are going to apply for a Payday Loan because of some large bill you can’t pay, consider regulating this debt in another way. Discuss it with your creditor. He may reduce the payments. You may ask a debt relief company for help in these negotiations.
  • Try to apply through a loan connection service. They may find a suitable lender willing to offer you a small-dollar loan. Keep in mind that the lender you’re ultimately connected with must have interest rates and fees that abide by Massachusetts’s law.
  • Ask family and friends for help. It may sound a bit embarrassing but it will definitely be the cheapest solution. Just don’t forget to pay the money back if you don’t want to spoil the relationship.
  • Apply for Government assistance programs. The variety of help can be great when you need a little bit extra to get by but don’t want to take out a new line of credit.

Bad credit Payday Loans Online offer a 2nd chance to borrowers who can’t get emergency financing from a bank. Online payday lenders may provide the loan with no credit check considered, that’s why their loan approval is guaranteed in 90% of cases.

FAQ

Can i get a Payday Loan online if it's illegal?

No, you can't. Massachusetts payday lending laws and regulations apply both to in-store and online lenders in the state as well as out-of-state.  

What shall i do if i bacame a victim of illegal payday lenders?

You should contact the Division of Banks (DOB): 1000 Washington Street, 10th Floor, Boston, MA 02118-6400, , Main (617) 956-1500, Open Monday through Friday 9:00 am - 5:00 pm. , Toll-Free (800) 495-BANK (2265), Open Monday through Friday 9:00 am - 5:00 pm. , TDD (617) 956-1577, Open Monday through Friday 9:00 am - 5:00 pm. Use this number if you are hearing impaired.

Can i get a tribal loan in Massachusetts?

Tribal lenders practise their own laws and can provide you with the necessary funds but be careful not to get into debt having to pay three-digit interest rates.

Can I apply for an Installment Loan in Massachusetts?

Online Installment Loans are legal in Massachusetts and you can get up to $5,000 and pay it back in several months or even years. They are available even for borrowers with bad credit.

 

 

What are Payday Loans in Massachussetts?

All you need to know about Massachusetts Payday Loans

Payday loans, or as they are also called “small dollar”, “bad credit”, “same day”, “short term”, “cash advance” are a kind of easy quick unsecured $100 - $1000 cash advance paid off with your next paycheck in 14 – 30 days. As soon as you are approved you are likely to get the money in your account in 24 hours or even the same day. Bad credit is not a problem to receive the necessary funds. Most direct lender Payday Loans are granted to any borrower with a steady income.

So, the main characteristics of Payday Loans are:

  • $100 - $1000 average loan amount;
  • 14-30 days repayment term;
  • money in your account in 24 hours or even the same day;
  • available even for bad credit

More than 12 mln Americans use cash advance every year.

It’s legal in 36 states (with some restrictions in 9 of them) and prohibited in the other 14 and the District of Columbia.

You can take a Payday loan in storefronts, online and even in a few banks in Massachusetts. It’s very simple to apply for it:

  1. just fill out a form with the state and e-mail address,
  2. if you are over 18, have a permanent job, income and a valid bank account, you have 98% chance to get instant approval from a direct lender;
  3. receive the money in your bank account for less than 24 hours.

Payday loans are very attractive for the majority of borrowers because you don’t need any guarantor or collateral, and you can get it even with a bad or poor FICO score.

On the other hand, they are notorious for charging too high APR and leading to a continuous debt trap, but it’s a common myth. To debunk it we provide you with the cost of $100 Payday Loan at 400% APR for 14 days which is only $1 a day. You can calculate the cost of your loan free using our Payday Loan Calculator. Try Payday cash advance and make sure that it’s really as easy as ABC: Affordable, Beneficial, Convenient!

How do Payday Loans Work in Massachusetts comparing to Installment Loans and Personal Loans?

Payday loans in Massachusetts are small dollars ($100 - $1,000) short term (14-30 days, in some cases up to 3 months) cash advance which is characterized by its easiness, speed, availability, even for those with bad credit, or without a credit history.

Payday lending is strongly regulated. Some states restrict or prohibit short-term loans for high costs.

Installment loans in Massachusetts are $1,000 - $5,000 credit borrowed for 6 – 36 months and paid back in equal repayments, usually unsecured and available for those with a bad credit score.

Personal loans in Massachusetts are $5,000 - $35,000 credit granted for personal use, usually unsecured, backed up only by your ability to pay it back, for 6 – 60 months and repaid in equal installments.

The process of getting a Payday Loan in Massachusetts is quick and easy both online and in-store:

  1. Fill out a simple application form stating the amount you need, your name and e-mail address;
  2. Get instant decision and approval from one of the best direct lenders;
  3. Read the agreement and if you are satisfied with its terms and conditions sign it;
  4. Get the necessary funds in your account within 1-2 days if you apply online or the same day if you go in a store.

Read more: How Payday Loans work

Massachusetts Payday Loans vs Installment Loans vs Personal loans.

The key differences between Payday, Installment and Personal loans lie in their amount, repayment terms and rates. It can be seen more vividly in the form of the table:

 

Payday loans

Installment loans

Personal loans

Amount

100$ - 1,000$

1,000$ - 5,000$

5,000$ - 35,000$

Term

14 - 60 days

60 days - 36 months

Up to 60 months

Repayment

With the next paycheck

In scheduled installments every fortnight, month, 2 months.

Monthly, or in parts as it’s set in the agreement.

Interest rates, APR

APR – 300%-750%, plus 10-15% of 100$ borrowed

5.99% to 225% APR plus 5% fee

3.99% APR plus 450% origination fee

Collateral or guarantor

No

No

No

The APR is the loan interest rate and is based upon the amount, cost and term of the loan, repayment amounts and timing of payments. Lenders are legally required to show the APR and other terms of your loan before the customer executes a loan agreement. APR rates are subject to change.

Taking into account the enumerated peculiarities this or that cash advance is preferred by certain borrowers for their special needs.

Payday cash advances are mostly applied for by people with bad credit, with a low income, who need a little cash for a short period. While Installment and Personal loans better suit the borrowers with good or bad credit, who want to take out higher amounts of money and need more time to pay it back, and don’t want to do a lot of paperwork looking for a collateral or guarantor.

Benefits of different types of loans:

Payday loans

  • Easy, quick way to get extra cash
  • Short repayment term, possibility to pay it back with the next paycheck
  • Suitable and convenient for emergency expenses

Installment loans

  • Higher amount than a payday loan
  • Smaller interest rates
  • Easier to pay off in installments over a longer period of time

Personal loans

  • Rather high amount of money
  • Available without guarantor or collateral (in contrast to mortgages, auto loans, etc.)
  • Easier to pay back having a precise scheduled plan.

As we can deduce, there are credit types, with their advantages and disadvantages, to suit the needs and wishes of any American. The only thing you must do – get information and compare the offers. That’s exactly what our service helps you with. COMPACOM – compare all and choose the best one!

Payday Loans for bad credit in Massachusetts

Bad credit loan is the type of credit given to borrowers with a FICO score below 640. You usually need at least 600 to qualify for such a loan in Massachusetts. To get money you may turn to credit unions, family, friends, peer-to-peer lending platforms or use online lending service. When choosing an online lender for a bad credit Payday loan, there are important features to take into account:

  • Type of lending company
  • Credit history and general qualifications
  • Co-signer option
  • Additional eligibility criteria
  • Employment requirements
  • Interest rates and fees
  • Loan terms
  • Additional fees and penalties
  • Repayment options

Types of loans available for bad credit applicants in Massachusetts are Bad Credit Payday Loans, Personal Loans and Installment Loans. They typically have higher interest rates and shorter terms than loans offered to people with good credit. Thus you are most likely to get up to $1000 Payday cash advance. Though its APR may exceed 400% it shouldn’t frighten you as due to short (14 - 30 days) term the overpay could be only $1 a day.

You’ll get up to $1000 cash deposited into your account within 24 hours. Just fill out a simple application form online and get instant approval if you meet the lenders’ basic requirements which typically are:

  • Minimum FICO score of at least 600;
  • Clean credit history; no judgments, liens, and bankruptcies on your credit report; and a history of making on-time payments;
  • Stable employment;
  • Proof of identification with a passport, driver’s license, or voter’s ID. You’ll also need to provide proof of residence such as a utility bill.

Installment and personal loans are also available for Massachusetts borrowers with bad credit.

Read more: Bad Credit Installment Loans

Read more: Bad Credit Personal Loans

Keep in mind that your score can influence the amount you want to take and the interest rate the lender will offer you. The maximum sum for an installment cash advance is $5000, and for a personal loan - $35000. In any case, you need no collateral, no guarantor, no paperwork. No matter whether your credit score is 400, 550, or 600, get the chance to learn more about all the opportunities you have and compare the best lending services you are offered on COMPACOM.com.

Massachusetts Payday Loans Online No Credit Check

No credit check Payday Loans are possible, but you should clarify this point with the direct lender. It's only up to the company to approve you for a Payday Loan without checking your credit history or not. The lender may satisfy with just a soft inquiry, and determine your creditworthiness according to your income and other factors.

Payday Loans from Direct Lenders in Massachusetts

A direct lender is any financial institution that can offer you any type of loan directly managing all the lending process themselves without middlemen. Borrowing from a direct lender in Massachusetts has its own advantages and disadvantages:

Pros
  • Faster loan processing and approval; 
  • It’s easier to solve any issues that might come up; 
  • Your personal information won’t be shared or passed to third parties.
Cons
  • If you need to compare several companies you have to go to each site and fill out an application which takes a lot of time and may turn out not very effective; 
  • Applying with a broker or matching service gives you more flexibility and freedom to choose the most suitable loan; 
  • With a direct lender it’s harder to get approval for a loan if you have bad credit while a matching service will be able to find you the necessary funds even with the credit score below 600.

When you apply for a Payday Loan from a direct lender in Massachusetts you:

  1. Go to the lender’s website and read all the information on the necessary loan;
  2. Check the eligibility criteria;
  3. If you suit the criteria and are satisfied with the terms and fees you fill out an application form;
  4. You wait until the lender approves you;
  5. If you are approved, you get the money deposited into your account within 24 hours.

It’s an ideal scenario of borrowing money which happens quite rarely. Usually you need to spend hours surfing the net and choosing a suitable offer. We can make this process quicker and simpler.

We provide you with a network of Massachusetts direct lenders with detailed description of each of them. You just fill out our free compacom form and get immediately matched with the best lenders. It doesn’t make your loan more expensive. Just on the contrary, you can find the cheapest rates and fees offered by direct lenders. Besides, we ensure that all of our partners are licensed companies who work legally and keep your personal information and financial data secure.

Read more: Payday Loans from Direct Lenders

Guaranteed Payday Loans from direct lenders in Massachusetts

Many Massachusetts lenders promise you a guaranteed instant approval for a Payday Loan. But be careful, take into account all the risks concerning short-term cash advance. You should understand that not all the borrowers can be approved. Though Massachusetts Payday Loans are really highly available, even for bad credit and with NO credit check sometimes, lenders can’t guarantee 100% approval. If you have no job, very low income, or many debts in the past, your chances to get the money are very low.

The truth is you do get an instant decision from a lender. Especially if you fill out our online application form you save plenty of time and energy and make lending procedure much faster and easier. It takes only several minutes to match you with the necessary lender and get his reply. That’s why Payday Loans are rightly considered the fastest and the easiest.

Same Day Payday Loans in Massachusetts

Payday loans are known to be a short-term small-dollar cash advance, starting minimum with $100 and up to $1,000. Applying is easy and quick especially if you apply for a Payday Loan Online. The funds can be deposited into your bank account the next business day if you borrow from online direct lenders. If you drive to a store near you in it’s possible to get a Payday Loan with the same day deposit.

Read more: Same Day Payday Loans 

Cash Advance and other Money Offers in Massachusetts

Up to $5,000 instant cash with guaranteed approval from direct lender with a few months of scheduled installments.
$5,000 - $35,000 quick loans for any personal needs. Available for any credit score and don't require any collateral.
Fast Title Loans secured by your vehicle title as collateral. No inspection. No credit checks. Instant cash for bad credit same day.

FAQ

 
What are Massachusetts Payday Loan Requirements?
 
Can I get no credit check Payday Loans in Massachusetts?
 
How long does it take to get a Payday Loan in Massachusetts?
 
Can I get same day Payday Loan in Massachusetts?

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