Payday Loans in Maryland
Using a large network of reputable, trusted lenders, we at PaydayLoansCashAdvance.com will search for the best possible loan option for our clients. Everyone we work with can expect a quick and secure payday loan and/or cash advance for their emergency needs. We are a free lender matching service that can connect clients with the cash advance they desperately need.
First, it is important to note that we are not a lender, but a lender matching network. Lenders essentially offer repayment schedules, APR/Fee for loans, as well as different loan amounts and terms. At PaydayLoansCashAdvance.com, we match our client’s needs with the appropriate lenders for a payday loan or cash advance in the state of Maryland.
The biggest benefit to a payday loan or cash advance is that when an individual needs quick cash to ensure payments are not delayed or if there is some type of emergency, they do not have to wait and can get the money they need right away. Depending on the lending agency, the terms and conditions vary as do the criteria, which can include age and occupation. On average, any amount between $500 and $1,500 can be borrowed.
In 2002, Maryland passed a law that restricted out-of-state lenders and online lenders from offering residents in the state a cash advance or payday loan option. Now, the state has further established laws that restrict lenders from working with individuals in desperate need of quick cash for varying purposes. Out-of-state and online lenders are forbidden from operating in Maryland, causing quite a bit of frustration and debate among residents of the state.
The economy and job market continue to be on weak ground, making it hard for Maryland residents to pay their bills. Further extending the bill prohibiting residents from receiving vital payday loans and cash advances from legitimate lenders will prevent them from paying urgent medical costs and from avoiding overdraft charges on credit cards and more. There are so many reasons for the state to allow payday loan lenders to operate in Maryland, and very few reasons to restrict that access.
If you are worried about your finances and need a little extra help between paychecks a payday loan can temporarily ease your cash flow so you can pay your bills and avoid late fees or other penalties from your creditors.
Unfortunately, the state of Maryland has banned traditional payday loans and cash advance stores as well as online and out-of-state lenders.
Maryland residents no longer have the option of obtaining a payday loan or a cash advance when they run short of cash, have a temporary cash flow problem, or unexpected medical bills. If you are a Maryland resident, check back with PaydayLoansCashAdvance often for updates on the status of payday loans. If the state of Maryland decides to allow payday loans, we will know about it and will help you get cash when you need it.
Until then, here are some other options you can consider if you need a cash advance.
Investigate a title loan – find out if your state offers a title loan where you can receive a loan in exchange for the title to your car.
Call your creditors – see if you work out payment terms with them. Read our articles on dealing with cruel debt collectors and spotting a debt collection scam.
Ask your employer for help – if you have a good relationship with your boss, consider asking for an advance on your next paycheck.