Maine is a rare state in that they don’t really have any set regulations in place when it comes to payday loans. Basically a payday loan company can charge you whatever they want for any amount they want. The companies call all the shots in Maine. While this might sound intimidating on first glance, actually it offers consumers the chance to have various companies fight over having their business. This can lead to extremely low rates in some cases. It really pays to shop around in Maine.
Maine Pay Day Loan Laws
Maximum Loan Amount: Variable
Maximum Finance Rate: Variable
Annual Percentage Rate For 14 Day $100 Loan: Variable
Minimum Payoff Time: Variable
Extensions Allowed: Variable
Top 5 Maine Payday Loan Companies
884 Lisbon Street, Lewiston, Maine
(207) 782-3510
republicash.com
Republicash is part of a chain of personal finance stores located in the US Northeast. This company offers all your basic personal finance services such as check cashing, Western Union,payday loans and state and federal tax preparation. You can find offices for this company in many medium to large sized cities in Maine and surrounding states. Due to the laws in Maine, the amount you can borrow depends greatly on how much you make.
107 Pleasant Street, Brunswick, ME
(207) 725-9031
acecashexpress.com
Ace Cash Express is a very popular payday lending service with locations in almost every single state. This company is best known for providing temporary short-term payday loan solutions to those in need of some quick cash. These loans can be used for prescriptions, unexpected utilities, low paychecks, special events or pretty much any reason you can imagine. This company has very competitive rates and a very informative website.
575 Main Street, Bangor, ME
(207) 990-5906
cashx-pressme.com
Cash X-Press is primarily a gold and jewelry buying company that gives you quick cash for merchandise. The company does offer payday loans if you’ve been employed for at least three months, make at least $800 a month, and have a checking account in good standing. This company offers payday loans in the amount of $100, $150 or $250. You can only apply for payday loans in person at their Main Street office in Bangor, Maine.
Online Company
mainepaydayloans.com
Maine Payday Loans specializes only in offering payday loans to residents of the state. This company follows all of the laws and regulations set in place by the state and can help you secure a small loan even if you have terrible credit. This company bases the amount you qualify for on how much you make per month, how long you’ve been employed and whether or not you’ve used this company before.
Online Company
instantloan.net/me
Instant Loan is a relatively popular company that works with borrowers no matter where they are. This company is based online which can be very handy in states such as Maine where not everyone lives in the middle of a large or medium sized city. Instant Loan constantly updates its database that holds all the states laws and regulations so they are always up to date and offer you amounts that are allowable in your state