Ellsworth Short-term Loan in 2025

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

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Maine Ellsworth

Eligibility Criteria for Personal Loans

  • Applicant must be at least 18 years-old.
  • Proof of identification (government-issued ID such as passport or driver's license).
  • Current address verification (utility bill or lease agreement).
  • Proof of stable income (pay stubs or bank statements).
  • Completed application form submitted online or in person.
  • Active bank account for funds transfer.
  • Contact information including phone number and email address.
  • No current bankruptcies or active repayment plans.

Trusted Short-term Loan Lenders in Ellsworth, ME

Explore reliable payday loan lenders committed to transparent practices and responsible lending. Our trusted partners ensure swift financial solutions with integrity, catering to your short-term borrowing needs efficiently and securely.

Lender
User Ratings
Address
Phone
Category
Atlantic Acceptance Corporation
User Raiting:
1.70
Address: 270 High St Suite 205, Ellsworth, ME 04605
Phone: +1 (207) 667-2750
Category: Loan agency

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

Discover safer financial solutions to overcome emergency expenses. Explore alternatives to payday loans, offering lower interest rates and more manageable repayment terms for a stable financial future.

Installment Loans No Credit Check

Installment loans provide borrowers a lump sum, repayable in scheduled payments, often with fixed interest, over a specified term, ensuring financial predictability without needing a credit check.

Fast Cash Loans

Fast cash loans offer short-term financial relief with quick processing and approval, designed to address immediate needs, typically repaid by the borrower's next payday.

Instant Title Loans

Instant title loans require borrowers to use their vehicle title as collateral, offering prompt access to funds while maintaining vehicle use, repaid under agreed terms.

Emergency Loan Quick

Emergency loans provide rapid financial support for unexpected expenses, offering short-term solutions to help manage urgent needs and stabilize precarious financial situations.

Payday Loans Online

Payday loans online offer a short-term funding solution, accessible via the internet, designed to bridge income gaps until the next payday, usually accompanied by high interest rates.

Guaranteed P2P Loans

Guaranteed peer-to-peer loans involve borrowing funds directly from individuals via online platforms, offering a personal touch and potentially lower interest rates compared to traditional lenders.

Online Debt Consolidation Loans

Online debt consolidation loans combine multiple debts into a single, manageable loan with a lower interest rate, simplifying repayment and potentially reducing financial stress.

Bad Credit Loans Instant

Bad credit loans offer options to borrowers with poor credit scores, providing access to necessary funds, often with higher interest rates and tailored repayment terms.

How to Apply for Online Short-term Loans in Ellsworth

Research Lenders and Choose One

Begin by conducting thorough research on online payday loan providers. Look for reputable lenders with transparent terms and positive reviews. Pay attention to interest rates, repayment terms, and any additional fees. Choose a lender that aligns with your financial needs and has a strong reputation. Consider verifying their legitimacy through customer testimonials or accreditation from financial bodies. Taking the time to research will help you avoid predatory lenders and ensure a safer borrowing experience.

Gather Required Documentation

Once you've selected a lender, gather the necessary documents needed to complete the application. This typically includes proof of income, identification, and bank account information. Having these documents readily available will expedite the application process. Ensure that all documents are current and legible to avoid delays or rejections. Preparing these materials in advance will help you meet any application deadlines and demonstrate your credibility as a borrower.

Complete the Online Application Form

Navigate to the lender's website and fill out their online application form. Provide accurate personal information, as any discrepancies can lead to application denial. Be prepared to disclose your employment details and financial information securely. Take your time to review each section before submission to minimize errors. A correctly completed application form reflects your commitment and increases the likelihood of prompt approval from the lender.

Review Loan Terms and Conditions

Before finalizing your application, thoroughly review the loan terms and conditions provided by the lender. Pay close attention to details such as interest rates, repayment schedules, and potential penalties. Ensure you fully understand your responsibilities to avoid surprises during repayment. If there is any confusion, seek clarification from the lender. A comprehensive understanding of the loan agreement helps you make informed decisions and ensures you are comfortable with the commitment.

Submit Your Application and Wait for Approval

After reviewing all details, submit your completed application. The lender will review your information and make an approval decision, often within minutes. Some lenders may contact you for additional verification, so stay accessible through the contact information provided. Once approved, the funds are typically deposited directly into your bank account. This final step requires patience, but knowing the process helps you anticipate the timeframe for receiving the loan.

How to Use Short-term Loans - Useful Resources

Explore effective strategies and essential resources for using personal loans wisely, ensuring financial stability and informed decision-making through our comprehensive guide tailored for those in need.

Industry
Address
Phone
American Restaurant
Address: Bar Harbor Road, Ellsworth, ME 04605
-
Car Glass Replacement Shop
Address: 2 Grant Street, Ellsworth, ME 04605
Phone: +1 (844) 206-3883
Club & Association
Address: 317 High Street, Ellsworth, ME 04605
Phone: +1 (207) 667-7987
College/University
Address: 248 State Street, Ellsworth, ME 04605
Phone: +1 (207) 422-4794
Community Center
Address: 248 State Street, Ellsworth, ME 04605
Phone: +1 (207) 664-6016
Dentist
Address: 325 Main Street, Ellsworth, ME 04605
Phone: +1 (207) 667-7117
Fitness Club & Center
Address: 385 High Street, Ellsworth, ME 04605
Phone: +1 (207) 664-1530
Government Office
Address: 333 Water Street, Ellsworth, ME 04605
Phone: +1 (207) 667-7315
Hotel
Address: 321 High Street, Ellsworth, ME 04605
Phone: +1 (207) 667-5548
Museum
Address: 282 High Street, Ellsworth, ME 04605
Phone: +1 (207) 667-9706
Pharmacy
Address: 226 High Street, Ellsworth, ME 04605
Phone: +1 (207) 664-0952
Rent-a-Car Facility
Address: 349 Bangor Road, Ellsworth, ME 04605
Phone: +1 (207) 667-1100
Specialist
Address: 248 State Street, Ellsworth, ME 04605
Phone: +1 (207) 667-9093
Veterinarian
Address: 9 Toothaker Lane, Ellsworth, ME 04605
Phone: +1 (207) 667-2341

How to Get to Ellsworth

Complaints about Short-Term Loans in Maine

Issue Type
Amount of Complaints
Charged fees or interest you didn't expect
27
Problem when making payments
10
Getting the loan
8
Charged fees or interest I didn't expect
8
Struggling to pay your loan
6
Can't contact lender
5
Charged bank acct wrong day or amt
4
Problem with the payoff process at the end of the loan
3
Can't stop charges to bank account
3
Problem with additional add-on products or services
2
The data is taken from consumer complaint database created by Consumer Financial Protection Bureau

Submit a Complaint for a Short-term lender in Ellsworth

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

  • Maine Bureau of Consumer Credit Protection, 35 State House Station, Augusta, ME 04333-0035
  • (207) 624-8527
Submit a Complaint

Frequently Asked Questions about Short-term Loans

Can I Get a Payday Loan with Bad Credit?

Yes, payday loans are often accessible to individuals with bad credit. These loans focus more on your current financial situation and employment status than your credit history. However, ensure to repay on time to avoid further financial issues.

How Fast Can I Receive a Payday Loan?

Payday loans are known for their quick processing times. Once approved, you can generally receive funds within 24 hours, making payday loans a viable option for emergencies requiring instant financial assistance.

What Is the Maximum Amount I Can Borrow?

The amount you can borrow with a payday loan varies by lender and location, but it's typically between $100 and $1,500. The loan amount depends on your income and the regulations in your state or country.

Are Payday Loans Available for Emergencies?

Absolutely, payday loans are designed to cover short-term financial emergencies. They offer immediate cash relief for unexpected expenses like medical bills or urgent repairs that require quick financial intervention.

How Does the Repayment Process Work?

Payday loans generally require repayment on your next payday, hence the name. The entire loan amount plus fees is usually deducted from your bank account as a lump sum, although some lenders may offer installment plans.

What Are the Fees Associated with Payday Loans?

Payday loans often come with higher fees compared to traditional loans. These can sometimes make the effective annual percentage rate (APR) quite high, so it’s crucial to understand these costs before committing.

Can Payday Loans Affect My Credit Score?

Typically, payday loans do not directly impact your credit score as most lenders do not report to the major credit bureaus. However, if the loan goes to collections, it could negatively impact your credit.

Are There Alternatives to Payday Loans?

Yes, alternatives include credit union loans, personal bank loans, or asking for assistance from family and friends. These options may offer more favorable terms for individuals needing fast loans.

How Do I Choose the Right Payday Loan Provider?

Compare different lenders by looking at their fees, terms, customer reviews, and transparency. Ensure they are licensed and follow your regional regulations.

What Happens If I Can't Repay My Payday Loan?

If you're unable to repay your payday loan, contact your lender immediately. Many offer extensions or arrangements. Unpaid loans might result in late fees and collection efforts, impacting your finances.

Can I Refinance a Payday Loan?

Some lenders allow you to refinance a payday loan into another loan, but this generally incurs additional fees. Consider other financial solutions before choosing to refinance, as it can lead to a debt cycle.

Maine Short-term Loans Near Me

Alfred Arundel Ashland Auburn Augusta Bailey Island Baileyville Bangor Bar Harbor Bath Belfast Belgrade Berwick Bethel Biddeford Blue Hill Boothbay Harbor Bowdoinham Brewer Bridgton Brownville Brunswick Buckfield Bucksport Buxton Calais Camden Cape Elizabeth Caribou Carrabassett Valley Casco Castine Corinth Cornish Cumberland Cumberland Foreside Damariscotta Danforth Deer Isle Dexter Dover foxcroft Eagle Lake East Millinocket East Waterboro Eastport Edgecomb Eliot Ellsworth Fairfield Falls Falmouth Farmingdale Farmington Fort Fairfield Fort Kent Freeport Fryeburg Gardiner Gloucester Gorham Gouldsboro Grand Lake Stream Gray Greenville Greenville Junction Greenwood Guilford Hallowell Hampden Harrison Hermon Hope Houlton Howland Island Falls Jackman Jay Jonesport Kennebunk Kennebunkport Kingfield Kittery Lewiston Limerick Lincoln Lisbon Lisbon Falls Livermore Falls Lubec Machias Madawaska Madison Manchester Mechanic Falls Mexico Milbridge Millinocket Milo Monmouth Morrill Mt Desert Naples New Gloucester New Harbor Newport Newry Norridgewock North Berwick North Vassalboro North Waterboro Northeast Harbor Norway Oakland Ogunquit Old Orchard Beach Old Town Orono Orr's Island Orrington Otis Oxford Parsonsfield Patten Pittsfield Poland Portland Presque Isle Princeton Rangeley Readfield Richmond Rockland Rockport Rumford Sabattus Saco Sanford Sangerville Scarborough Searsport Sebago Shapleigh Skowhegan South Berwick South Paris South Portland South Thomaston Southwest Harbor Springvale St Agatha St Francis Standish Thomaston Topsham Trenton Turner Union Unity Van Buren Waldoboro Warren Waterboro Waterville Wells Westbrook Wilton Windham Winslow Winter Harbor Winterport Winthrop Wiscasset Yarmouth York