Hello, I am new to

According to the COMMONWEALTH OF MASSACHUSETTS
OFFICE OF CONSUMER AFFAIRS AND BUSINESS REGULATION there are no payday loan companies licensed to conduct business in the state of MA because MA has a law the caps the interest rates on small loans that these companies are allowed to charge. The normal interest rate a payday loan company charges is well over 6 times as much as the cap allows.

Check it out for yourself. you may have to copy and paste this.
http://www.mass.gov/?pageID=pressreleases&agId=Eoca&prModName=ocapressrelease&prFile=06_05_30_lenders.xml

Anolan, here are the laws for your state. PDLs are prohibited. Plese tell us your lenders , amounts borrowedand amounts already repaid. we can help you.

Massachusetts State Information

Legal Status: Prohibited

Citation:
Small loan act applies. Mass. Gen. Laws Ann. ch. 140 ???? 96 et seq.;209 Mass. Code Regs. ???? 26.01. Check cashers are specifically prohibited from making loans unless licensed under the small loan act. 209 Mass. Code Regs. ???? 45:14(8).

Small Loan Rate Cap
23% plus $20 administrative fee upon the granting of a loan

Where to Complain, Get Information:
Regulator: Massachusetts Division of Banks
Address: One South Station Boston MA 02110
Phone: (617) 956-1500
Fax: (617) 956-1599
Regulatory Contact: Kevin McNamara Supervisor
Regulator????????s Website
Complaint Form
Complaint Instructions
Online Resources:
Education & Consumer Alerts