Short Term Loans

Maybe you are having trouble making it from paycheck to paycheck.  Or maybe you need a car to get you to work, but you do not think that your credit is good enough to get a competitive car loan.  Small businesses that offer short-term and/or high-cost loans prey on your uncertainty that you have options or that you might qualify for more competitive rates.  The tools and resources below will help you to manage these types of loans: 

File A Consumer Complaint


If you feel that you have been given a loan with unfair terms, you can contact the Attorney General of Massachusetts to file a consumer complaint.  The Attorney General's Public Inquiry and Assistance Center is staffed with trained professionals who will review your complaint to determine whether it is appropriate for the AGO's free, voluntary mediation service.

The Massachusetts Office of Consumer Affairs and Business Regulation


The Massachusetts Office of Consumer Affairs and Business Regulation posts their announcements protecting Mass consumers from the latest scams, price gouging, and other unscrupulous practices. For example, they pursue payday lenders, who cannot legally operate in Massachusetts. Don’t get tricked. This site is always a good read!

Center for Responsible Lending

Resource and Tools

The website for the Center for Responsible Lending provides lots of information on the business practices of companies that offer some of the more dangerous or high-cost financial products. It has good tips to help you tell if you are heading into a trap.

National Consumer Law Center


The High Cost Small Loans page of the National Consumer Law Center provides resources and articles relating to high-cost small loans such as payday loans, overdraft loans, auto title loans, tax refund anticipation loans, and rent-to-own transactions.  What these loans have in common is high costs for consumers and the likelihood that you will be trapped in terrible cycles of debt.

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