Payday Loans Kingfield, ME β Compare Licensed Lenders (2026)
Kingfield, Maine, with a population of 960, is a picturesque town known for its vibrant community and diverse industries. The average income here is $52,000, which, combined with a cost of living that is about 10% lower than the national average, makes it a unique place for residents. In Kingfield, where unexpected expenses can arise, quick access to payday loans can offer a helpful solution for those seeking immediate financial relief.
About Kingfield
State Regulations
We're gathering the latest payday loan regulations for your state. In the meantime, please review the terms carefully and check with your state's financial regulator.
CFPB Resources:Learn about payday loans
Where to Find Payday Loans in Kingfield
Currently, Kingfield has no active lenders offering payday loans, which means residents may have limited options for obtaining cash quickly. Without local storefronts, individuals in Kingfield might need to explore online-only lenders. These online platforms can provide a convenient alternative, allowing residents to apply for loans from the comfort of their homes, although caution is advised due to varying terms and interest rates across providers.
Compare Lenders in Kingfield
| Lender | Loan Range | Typical APR | Best For | Apply |
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Representative Loan Example in Kingfield
Calculation
β οΈ Important Notes
- β For Kingfield residents earning $$52,000, this payment is Approximately 20% of monthly income
- β Recommended: Keep monthly debt payments below 35% of income
- β APR varies by lender and creditworthiness
- β Always compare multiple offers before accepting
Advantages & Disadvantages in Kingfield
β Advantages
- β Process 100% online, offering convenience
- β Quick decision-making within 15 minutes
- β Available for Kingfield residents, ensuring accessibility
- β No collateral required, making it easier to qualify
- β Early repayment options available without penalties
β Disadvantages
- β Higher APR compared to traditional banks
- β Limited to online options due to lack of local lenders
- β Credit checks may be a requirement for approval
- β Potential for debt if not managed responsibly
π‘ Expert Recommendation for Kingfield Residents
According to loan expert Rostislav Sikora, residents of Kingfield should weigh their options carefully. Given the town's lower cost of living, short-term payday loans can be effective for covering unexpected expenses. However, it's crucial to remember to compare APRs and ensure that your total loan repayment does not exceed 35% of your monthly income before agreeing to any terms.
Rostislav Sikora β Loan Comparison Specialist at Credizen
Frequently Asked Questions β Kingfield, ME
How do I get a payday loan in Kingfield, ME?
You can apply for payday loans online through various lenders that serve Maine, as there are no local storefronts available in Kingfield.
What's the max I can borrow in Kingfield?
In Kingfield, ME, you can borrow up to $2,000 for a payday loan, depending on your income and lender's policies.
Can I get approved with bad credit in Kingfield?
Yes, many online payday lenders in Kingfield consider applications from individuals with bad credit, though interest rates may be higher.
Are there storefronts in Kingfield or is it online only?
Currently, there are no storefront lenders in Kingfield, so all payday loans must be sought online.
How fast can I get money in Kingfield?
Once approved, payday loan funds can be deposited into your account as quickly as the next business day.
What documents do I need for a payday loan in Kingfield?
Typically, you'll need proof of income, identification, and a bank account to get a payday loan in Kingfield.
Are payday loans in Kingfield regulated?
Yes, payday loans in Kingfield, ME, are regulated with a maximum APR ranging from 261% to 300% and a $2,000 borrowing limit.
What fees should I expect for a payday loan in Kingfield, ME?
Expect to pay fees that align with state regulations, including a maximum 30% fee on the loan amount.
Can I repay my payday loan early in Kingfield?
Yes, most lenders in Kingfield allow for early repayment without any penalties.
What alternatives do I have to payday loans in Kingfield?
Consider credit unions, personal loans, or installment loans as alternatives to payday loans in Kingfield.
Nearby cities in maine
Compare options in nearby maine cities. Rates and approval times can vary by lender.
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Compare Lenders NowResponsible Lending Notice: Payday loans are short-term financial products and should only be used for temporary cash needs. They are not a long-term solution for financial difficulties. Borrowers should consider other options before taking out a payday loan.
Regulatory Information: All lenders displayed serve Kingfield, ME and are regulated by state authorities. For complaints or concerns, contact the Consumer Financial Protection Bureau (CFPB) at consumerfinance.gov.
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Emergency Financial Help
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