Raynham 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.

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Massachusetts Raynham

Raynham Short-term Loans Terms

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

Trusted Personal Loan Lenders in Raynham, MA

Explore our curated list of trusted personal loan lenders, committed to providing transparent and competitive options tailored to individual needs, ensuring financial empowerment and peace of mind.

Lender
User Ratings
Address
Phone
Category
Summit Capital Management LLC
User Raiting:
5.00
Address: 922 Broadway, Raynham, MA 02767
Phone: +1 (508) 275-9505
Category: Financial institution
Chris Foote, Finance of America Mortgage LLC
User Raiting:
5.00
Address: 1244 Broadway Street North Wing, Raynham, MA 02767
Phone: +1 (508) 386-9940
Category: Financial institution
Bristol County Savings Bank
User Raiting:
4.70
Address: 36 Paramount Dr, Raynham, MA 02767
Phone: +1 (508) 880-7325
Category: Bank
Rockland Trust Bank
User Raiting:
4.50
Address: 275 New State Hwy, Raynham, MA 02767
Phone: +1 (508) 880-3349
Category: Bank
HarborOne Bank
User Raiting:
4.20
Address: 500 S St W, Raynham, MA 02767
Phone: +1 (508) 895-1465
Category: Bank
Bluestone Bank
User Raiting:
3.80
Address: 756 Orchard St, Raynham, MA 02767
Phone: +1 (508) 884-3300
Category: Bank
Citizens Bank Supermarket Branch
User Raiting:
3.10
Address: 36 New, Cape Hwy, Raynham, MA 02767
Phone: +1 (508) 824-2165
Category: Bank
First Citizens' Federal Credit Union, Raynham Branch
User Raiting:
2.50
Address: 629 S St W, Raynham, MA 02767
Phone: +1 (800) 642-7515
Category: Financial institution
Bank of America (with Drive-thru ATM)
User Raiting:
2.40
Address: 300 US-44, Raynham, MA 02767
Phone: +1 (508) 823-0217
Category: Bank

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 Raynham?

Explore various financial solutions that offer better terms than payday loans, providing safer and more sustainable options for managing short-term financial needs without falling into debt cycles.

Installment Loans Fast

Installment loans allow you to borrow a set amount and repay over time with scheduled payments. They provide flexibility and can accommodate various financial needs.

Instant Cash Loans

Instant cash loans offer quick access to funds for emergencies. They are typically short-term with a straightforward application process, requiring minimal documentation.

No Credit Check Title Loans

No credit check title loans use your vehicle as collateral, providing funds quickly without scrutinizing your credit history, but often with higher interest rates.

Emergency Loans Quick

Emergency loans provide rapid financial relief in urgent situations, like unexpected medical expenses or car repairs, with flexible terms tailored to immediate needs.

Payday Loans Online

Payday loans online offer quick, short-term borrowing options that are easily accessible through the internet, requiring minimal paperwork and fast approval processes.

P2P Loans Guaranteed

Guaranteed P2P loans involve borrowing from individual investors through online platforms, offering competitive interest rates and a streamlined, direct lending experience.

Online Debt Consolidation Loans

Online debt consolidation loans combine multiple debts into one, simplifying repayment with potentially lower interest rates and helping manage finances more efficiently.

Bad Credit Loans No Credit Check

No credit check bad credit loans provide access to funds for those with poor credit scores, focusing on income and ability to repay rather than credit history.

Requirements for Instant Cash Advance

  • Must be a registered member of the NGO for at least 6 months.
  • Proof of recent income or financial statement is required.
  • Identification documents such as a government-issued ID.
  • Completed application form with all necessary details.
  • Valid reason for the cash advance request, aligned with NGO's objectives.
  • Bank account details for direct deposit of funds.
  • Maximum advance amount based on membership level and financial need.
  • Agreement to the repayment terms and conditions set by the NGO.

How to Use Personal Loans - Useful Resources

Discover essential resources for navigating personal loans effectively. Our guide offers insights and tips to help you make informed decisions and manage short-term financial needs responsibly.

Industry
Address
Phone
Bodyshop
Address: 244 North Main Street, Raynham, MA 02767
Phone: +1 (508) 386-1021
Car Wash
Address: 101 Sunset Drive, Raynham, MA 02767
Phone: +1 (508) 824-0761
Dentist
Address: 606 North Main Street, Raynham, MA 02767
Phone: +1 (508) 824-8900
Doctor
Address: 675 Paramount Drive, Raynham, MA 02767
Phone: +1 (508) 828-1011
Fitness Club & Center
Address: 473 South Street West, Raynham, MA 02767
Phone: +1 (508) 989-2571
Government Office
Address: 558 South Main Street, Raynham, MA 02767
Phone: +1 (508) 824-2766
Hotel
Address: 164 New State Highway, Raynham, MA 02767
Phone: +1 (508) 824-8647
Pharmacy
Address: 36 Paramount Drive, Raynham, MA 02767
Phone: +1 (800) 925-6278
Rent-a-Car Facility
Address: 1054 Route 44, Raynham, MA 02767
Phone: +1 (508) 828-9666
Restaurant
Address: 1470 Route 44, Raynham, MA 02767
Phone: +1 (508) 687-0171
Travel Agent
Address: 600 South Street West, Raynham, MA 02767
Phone: +1 (508) 823-6000
Veterinarian
Address: 900 Broadway, Raynham, MA 02767
Phone: +1 (508) 823-3311

How to Get to Raynham

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 Raynham

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