Easton Personal Loan Terms and Rules in 2025

Common Capital is a Help Organization dedicated to providing the public with comprehensive, accurate, and accessible online information about payday loans in Massachusetts.

Table of content
Jump to
Massachusetts Easton

Easton Short-term Loans Terms

Legal Status Illegal
Interest Rate (APR) 23% small loan cap

Massachusetts Short-term Loan Regulations

In Massachusetts, payday loans are regulated under the Massachusetts Small Loan Act. This act, similar to Maryland's, is stringent and effectively limits the operation of traditional payday lending. The law caps the annual interest rate at 23% and administrative fees at $20 for loans under $6,000, making high-interest rate payday loans as commonly seen in other states unviable. As a result, traditional payday lending, characterized by short-term, high-interest loans, is largely non-existent in Massachusetts.

Additionally, payday lenders in Massachusetts must comply with federal regulations such as the Truth in Lending Act, which mandates that lenders disclose the cost of the loan in terms of the finance charge and the annual percentage rate (APR). The Fair Debt Collection Practices Act also applies, overseeing how debts are collected and prohibiting abusive, deceptive, and unfair collection practices. These federal laws, in conjunction with Massachusetts state regulations, provide robust protection for consumers against predatory lending practices.

What Are the Alternatives for Short-term Loans in Easton?

Explore viable financial options to relieve short-term needs, minimize debt, and avoid high-interest payday loans with smarter, sustainable, and supportive alternatives that promote financial stability and well-being.

Quick Installment Loans

Quick installment loans allow borrowers to repay through scheduled payments over time, offering flexibility and manageable terms for unexpected expenses or planned purchases.

Instant Cash Loans

Instant cash loans provide immediate financial aid, offering short-term funding with rapid approval for urgent needs.

Online Title Loans

Online title loans utilize a vehicle’s title as collateral, enabling borrowers to access funds while retaining vehicle use.

Emergency Loans Fast

Emergency loans fast deliver urgent funds to cover unforeseen expenses, providing peace of mind in crises.

Payday Loans Online

Payday loans online offer a convenient way to receive short-term financial assistance, with easy applications and rapid disbursement.

P2P Loans Instant

P2P loans instant allow individuals to borrow directly from peers, leveraging technology for speedy transactions and potentially lower rates.

No Credit Check Debt Consolidation Loans

No credit check debt consolidation loans merge multiple debts into a single payment plan, simplifying financial management.

Guaranteed Bad Credit Loans

Guaranteed bad credit loans provide accessible funding options for individuals with poor credit history, offering financial opportunities when traditional loans are unavailable.

Requirements for Instant Cash Advance

  • Valid government-issued identification
  • Proof of income or recent pay stubs
  • Verification of permanent address
  • Active bank account with recent statements
  • Properly filled application form
  • Agreed consent for credit check
  • Minimum age of 18 years
  • Contact information including phone number and email
  • No active bankruptcies or major delinquencies
  • Explanation of need for financial assistance

How to Use Personal Loans - Useful Resources

Explore comprehensive resources on effectively utilizing personal loans, including tips, guidelines, and best practices to manage short-term financial needs responsibly and improve financial literacy.

Industry
Address
Phone
Car Repair and Service
Address: 720 Depot Street, North Easton, MA 02356
Phone: +1 (508) 238-8162
Car Wash
Address: 95 Eastman Street, South Easton, MA 02375
Phone: +1 (508) 230-5490
Club & Association
Address: 25 Elm Street, North Easton, MA 02356
Phone: +1 (508) 238-9758
Dentist
Address: 191 Washington Street, North Easton, MA 02356
Phone: +1 (508) 238-1027
Doctor
Address: 31 Roche Brothers Way, North Easton, MA 02356
Phone: +1 (508) 238-0800
Fitness Club & Center
Address: 50 Oliver Street, North Easton, MA 02356
Phone: +1 (508) 238-2800
Government Office
Address: 136 Elm Street, North Easton, MA 02356
Phone: +1 (508) 230-0663
Hotel
Address: 489 Turnpike Street, South Easton, MA 02375
-
Local Post Office
Address: 670 Depot Street, North Easton, MA 02356
Phone: +1 (800) 275-8777
Museum
Address: 9 Sullivan Avenue, North Easton, MA 02356
Phone: +1 (508) 230-3789
Pharmacy
Address: 555 Washington Street, South Easton, MA 02375
Phone: +1 (508) 238-3476
Pizzeria
Address: 669 Washington Street, South Easton, MA 02375
Phone: +1 (508) 238-1014
Real Estate Agent
Address: 159 Belmont Street, South Easton, MA 02375
Phone: +1 (508) 238-3925
Rent-a-Car Facility
Address: 600 Turnpike Street, South Easton, MA 02375
Phone: +1 (508) 297-0550
Veterinarian
Address: 100 North Main Street, North Easton, MA 02356
Phone: +1 (508) 238-0076

How to Get to Easton

Complaints about Short-term loan, Title Loan, or Personal Loan in Massachusetts

Issue Type
Amount of Complaints
Charged fees or interest you didn't expect
110
Problem when making payments
57
Problem with the payoff process at the end of the loan
54
Struggling to pay your loan
52
Charged fees or interest I didn't expect
38
Getting the loan
34
Incorrect information on your report
19
Getting a line of credit
17
Problem with additional add-on products or services
15
Can't contact lender
11
The data is taken from consumer complaint database created by Consumer Financial Protection Bureau

Submit a Complaint for a Short-term lender in Easton

If you need to submit a complaint against a payday lender in Massachusetts, the primary regulatory body is the Massachusetts Division of Banks. They ensure compliance with state laws governing payday loans. You can reach them at:

  • Massachusetts Division of Banks, 1000 Washington Street, 10th Floor, Boston, MA 02118-6400
  • (617) 956-1500
Submit a Complaint

Frequently Asked Questions about Short-term Loans

Are Payday Loans Legal in Massachusetts?

No, payday loans are not legal in Massachusetts. The state has stringent laws and regulations in place that prohibit payday lending to protect consumers from predatory practices and high interest rates. These regulations are designed to safeguard the financial well-being of Massachusetts residents.

Why are Payday Loans Prohibited?

Payday loans are prohibited in Massachusetts due to concerns about the harm they can cause to borrowers. The high-cost structure of payday loans can lead individuals into cycles of debt, making it challenging to achieve financial stability. The state government has implemented these laws to prevent payday lenders from exploiting vulnerable consumers.

What Alternatives Are Available for Short-Term Financial Needs?

Massachusetts offers various alternatives for individuals facing short-term financial needs. These alternatives prioritize responsible lending practices and borrower protection. Residents can explore traditional bank loans, credit unions, personal installment loans, and assistance programs provided by nonprofit organizations and government agencies.

Can Out-of-State Lenders Offer Payday Loans?

No, out-of-state payday lenders are not allowed to offer payday loans to residents in Massachusetts. The state's regulations extend beyond its borders to ensure that borrowers are protected from predatory lending practices, regardless of the lender's location.

What Should I Do If I Have an Existing Payday Loan in Massachusetts?

If you have an existing payday loan, it's important to know that it is not legally enforceable in Massachusetts. The state's laws render such loans void. If you're facing challenges related to an existing payday loan, you can seek guidance from the Massachusetts Division of Banks. They can provide assistance and resources to help resolve any issues associated with the loan.

Where Can I Report Unlawful Payday Lending Practices?

If you encounter any unlawful payday lending practices or believe you have been targeted by predatory lenders, it's essential to report these issues. You can report them to the Massachusetts Division of Banks. Your report can contribute to investigations and efforts to curb predatory lending practices in the state, protecting other consumers from similar experiences. Your actions can make a difference in promoting fair and responsible lending practices in Massachusetts.

Massachusetts Personal Loans Near Me

Abington Acton Acushnet Adams Agawam Allston Amesbury Amherst Andover Arlington Ashburnham Ashfield Ashland Assonet Athol Attleboro Auburn Auburndale Avon Ayer Baldwinville Barnstable Barre Beach Bedford Belchertown Bellingham Belmont Berkley Berlin Beverly Billerica Blackstone Bolton Boston Bourne Boxborough Boxford Boylston Bradford Braintree Brant Rock Brewster Bridgewater Brighton Brimfield Brockton Brookfield Brookline Burlington Buzzards Bay Cambridge Canton Carlisle Carver Cataumet Centerville Charlestown Charlton Chatham Chelmsford Chelsea Chestnut Hill Chicopee Chilmark Clinton Cohasset Concord Dalton Danvers Dartmouth Dedham Dennis Dennis Port Devens Dighton Dorchester Dorchester Center Douglas Dracut Dudley Duxbury East Bridgewater East Brookfield East Dennis East Falmouth East Freetown East Longmeadow East Otis East Sandwich East Walpole East Wareham Easthampton Easton Edgartown Essex Everett Fairhaven Fall River Falmouth Feeding Hills Fiskdale Fitchburg Florence Foxborough Framingham Franklin Gardner Georgetown Gloucester Grafton Granby Great Barrington Greenfield Groton Groveland Hadley Halifax Hamilton Hampden Hanover Hanscom Afb Hanson Harwich Harwich Port Haverhill Hills Hingham Holbrook Holden Holliston Holyoke Hopedale Hopkinton Hubbardston Hudson Huntington Hyannis Hyde Park Indian Orchard Ipswich Jamaica Plain Kingston Lakeville Lancaster Lanesborough Lawrence Lee Leeds Leicester Lenox Leominster Lexington Lincoln Littleton Longmeadow Lowell Ludlow Lunenburg Lynn Lynnfield Malden Manchester by the sea Mansfield Marblehead Marion Marlborough Marshfield Marstons Mills Mashpee Mattapan Mattapoisett Maynard Medfield Medford Medway Melrose Mendon Merrimac Methuen Middleborough Middleton Milford Millbury Millis Milton Mission Hill Monson Montague Nahant Nantucket Natick Needham Needham Heights New Bedford New Braintree Newbury Newburyport Newton Newton Centre Newton Highlands Newton Lower Falls Newton Upper Falls Newtonville Nonantum Norfolk North Adams North Andover North Attleborough North Billerica North Brookfield North Chatham North Chelmsford North Dartmouth North Dighton North Eastham North Easton North Falmouth North Grafton North Reading North Truro North Waltham North Weymouth Northampton Northborough Northbridge Norton Norwell Norwood Oak Bluffs Orange Orleans Osterville Otis Oxford Palmer Paxton Peabody Pembroke Pepperell Pittsfield Plainville Plymouth Plympton Pocasset Princeton Provincetown Quincy Randolph Raynham Reading Rehoboth Revere Richmond River Rockland Rockport Roslindale Rowley Roxbury Russell Rutland Sagamore Beach Salem Salisbury Sandwich Saugus Scituate Seekonk Sharon Shelburne Falls Sherborn Shirley Shrewsbury Somerset Somerville South Dartmouth South Deerfield South Dennis South Easton South Egremont South Grafton South Hadley South Hamilton South Yarmouth Southampton Southborough Southbridge Southwick Spencer Springfield Sterling Stoneham Stoughton Stow Sturbridge Sudbury Sunderland Sutton Swampscott Swansea Taunton Teaticket Tewksbury Three Rivers Topsfield Townsend Truro Turners Falls Tyngsborough Upton Uxbridge Vineyard Haven Waban Wakefield Walpole Waltham Ware Wareham Watertown Wayland Webster Wellesley Wellesley Hills Wellfleet Wenham West Barnstable West Boylston West Bridgewater West Brookfield West Chatham West Dennis West Newbury West Newton West Roxbury West Springfield West Stockbridge West Tisbury West Wareham West Yarmouth Westborough Westfield Westford Westminster Weston Westport Westwood Weymouth Whately Whitinsville Whitman Wilbraham Williamsburg Williamstown Wilmington Winchendon Winchester Winthrop Woburn Woods Hole Worcester Wrentham Yarmouth Yarmouth Port