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Maine Payday Loans

Maine payday loans are available at interest rates not above credit card interest rates. This law was signed into the Maine lawbooks. Consumers in Portland and other Maine cities are able to access the easy funding source of payday advances. The problem with such low interest rates is few payday loan companies would find it financially feasible or too risky to take on loans at these interest rate levels. And only the most stably employed would be accepted for a payday advance on their paychecks.

If you live in the state of Maine, you need to speak with your state legislator about changing the interest rate legislation on payday loans. Access to credit should be a right for all Maine citizens yet political pressures have been applied to stop small loans providers from operating in Maine. 35 states do permit payday lending so there seems to be a large split of opinion about the legality and value of payday lending to the masses. If big Maine banks are not meeting your financial services needs, its time to speak out about the need for Maine payday loans. If interest rates are limited and the loan amounts are small, it is perfectly acceptable for Maine workers such as yourself to have access to no credit check loans. So you're not rich. Not many of are big city bankers yet we certainly have our financial needs. It's not about high interest rates, it's about freedom for the average worker. Contact your Maine state political representative about getting these archaic interest rate limitations so Maine workers can enjoy access to payday loan funds.