Putnam Personal 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 Connecticut

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Connecticut Putnam

Eligibility Criteria for Personal Loans

  • Applicant must be at least 18 years old.
  • Valid government-issued ID required for verification.
  • Proof of steady income or employment necessary.
  • Active bank account for direct fund transfer.
  • Contact details, including phone number and email, must be provided.
  • Residential address verification with recent utility bill.
  • No outstanding loans or defaults within the last 12 months.
  • Consent to a soft credit check as part of the assessment process.

Trusted Personal Loan Lenders in Putnam, CT

Explore our curated list of trusted personal loan lenders, dedicated to offering compassionate financial solutions tailored to meet the unique needs of our community. Empower your future today.

Lender
User Ratings
Address
Phone
Category
Centreville Bank
User Raiting:
5.00
Address: 40 Main Street, Putnam, CT 06260
Phone: +1 (860) 753-3739
Category: Bank
KeyBank
User Raiting:
3.00
Address: 163 Providence St, Putnam, CT 06260
Phone: +1 (860) 963-2265
Category: Bank

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

Explore various financial solutions that offer safer, more sustainable alternatives to payday loans, helping you manage expenses without falling into cycles of debt and financial strain.

Online Installment Loans

Installment loans allow borrowers to repay borrowed amounts in scheduled payments. Typically larger, they offer flexible terms over months or years, enhancing affordability for planned expenditures.

Quick Cash Loans

Cash loans provide short-term financial help, offering borrowers immediate funds with typically faster approval processes. They're ideal for unexpected expenses that demand instant solutions.

Instant Title Loans

Title loans use your vehicle as collateral to secure funds. With a lien on the car, these loans advertise rapid approvals but entail high risks if repayment is delayed.

Fast Emergency Loan

Emergency loans provide immediate financial relief during urgent situations. These short-term solutions ensure crucial funding, covering essential expenses without prolonged processes.

Payday Loans Online

Payday loans online offer quick financial solutions, typically requiring repayment by the next payday. Best for unexpected expenses, they feature high interest rates with easy application.

P2P Loans Guaranteed

Peer-to-peer loans connect borrowers directly with individual lenders via platforms. These loans promise competitive rates and streamlined processes, often bypassing traditional financial institutions.

Debt Consolidation Loans

Debt consolidation loans merge multiple debts into a single payment. They simplify financial management by potentially reducing interest rates and monthly payments, aiding in financial recovery.

Bad Credit Loans No Credit Check

Bad credit loans cater to individuals with poor credit histories. Without rigorous credit checks, they offer accessible funding but may require higher interest rates and strict repayment terms.

How to Use Personal Loans - Useful Resources

Discover effective strategies for utilizing personal loans responsibly with our comprehensive resources, guiding you towards informed financial decisions and preventing potential pitfalls. Explore expert advice and useful tips here!

Industry
Address
Phone
Car Repair and Service
Address: 157 Providence Pike, Putnam, CT 06260
Phone: +1 (860) 963-2277
Car Wash
Address: 60 Providence Street, Putnam, CT 06260
Phone: +1 (860) 963-7386
Club & Association
Address: 68 Providence Street, Putnam, CT 06260
Phone: +1 (860) 928-0064
Fitness Club & Center
Address: 75 Railroad Street, Putnam, CT 06260
Phone: +1 (860) 928-9218
Government Office
Address: 225 Kennedy Drive, Putnam, CT 06260
Phone: +1 (860) 963-6817
Hotel
Address: 166 Grove Street, Putnam, CT 06260
-
Library
Address: 449 Pomfret Street, Putnam, CT 06260
Phone: +1 (860) 928-3475
Pizzeria
Address: 364 School Street, Putnam, CT 06260
Phone: +1 (860) 928-0777
Rent-a-Car Facility
Address: 72 Canal Street, Putnam, CT 06260
Phone: +1 (860) 963-0748

How to Get to Putnam

Complaints about Short-Term Loans in Connecticut

Issue Type
Amount of Complaints
Charged fees or interest you didn't expect
79
Problem when making payments
58
Getting the loan
47
Problem with the payoff process at the end of the loan
28
Struggling to pay your loan
27
Getting a line of credit
22
Incorrect information on your report
17
Charged fees or interest I didn't expect
14
Problem with additional add-on products or services
13
Can't stop withdrawals from your bank account
8
The data is taken from consumer complaint database created by Consumer Financial Protection Bureau

Submit a Complaint for a Short-term lender in Putnam

If you need to submit a complaint against a payday lender, the Connecticut Department of Banking is the regulatory authority that can assist. This department oversees financial institutions and consumer credit matters, including issues related to payday loans.

  • 260 Constitution Plaza, Hartford, Connecticut 06103-1800
  • (860) 240-8299 or Toll-free: 1-800-831-7225
Submit a Complaint

Frequently Asked Questions about Short-term Loans

Are Payday Loans Legal in Connecticut?

No, payday loans are illegal in Connecticut. The state has laws in place that prohibit high-interest payday loans to protect consumers from potentially predatory lending practices.

What are Some Safer Alternatives to Payday Loans in Connecticut?

In Connecticut, safer alternatives to payday loans include personal loans from banks or credit unions, credit card cash advances, borrowing from friends or family, or small-dollar loans from reputable financial institutions. These options are typically more consumer-friendly and offer more favorable terms.

How Can I Report Illegal Payday Lending?

If you come across a lender offering payday loans, you should report them to the Connecticut Department of Banking. Reporting such activities helps enforce consumer protection laws and safeguards other consumers.

What Should I Consider Before Taking Out Short-Term Loans?

Before taking out short-term loans in Connecticut, it's important to review the interest rates, fees, and repayment terms. Ensure that the lender is licensed and that the loan terms comply with state regulations.

Where Can I Find Financial Advice and Assistance in Connecticut?

For financial advice and assistance, resources such as the Connecticut Legal Services can be very helpful. These organizations provide guidance on budgeting, debt management, and financial planning.

How Can I Improve My Financial Situation to Avoid High-Interest Loans?

Improving your financial situation in Connecticut involves creating a budget, building an emergency fund, reducing unnecessary expenses, and educating yourself about personal finance. Seeking advice from financial advisors can also help in making informed financial decisions and avoiding high-interest loans.

Connecticut Personal Loans Near Me

Amston Ansonia Avon Bantam Beacon Falls Berlin Bethany Bethel Bethlehem Bloomfield Bozrah Branford Bridgeport Bristol Britain Broad Brook Brookfield Brooklyn Burlington Canaan Canterbury Canton Centerbrook Cheshire Clinton Colchester Cornwall Bridge Cos Cob Coventry Cromwell Danbury Danielson Darien Dayville Deep River Derby Durham East Berlin East Granby East Hampton East Hartford East Haven East Lyme East Windsor Eastford Easton Ellington Enfield Essex Fairfield Falls Village Farmington Gales Ferry Glastonbury Goshen Granby Greenwich Griswold Grosvenor Dale Groton Guilford Haddam Hamden Hartford Harwinton Haven Hebron Higganum Hill Ivoryton Jewett City Kensington Kent Killingworth Lakeville Lebanon Ledyard Litchfield London Lyme Madison Manchester Mansfield Mansfield Center Marlborough Meriden Middlebury Middlefield Middletown Milford Monroe Montville Moodus Moosup Morris Mystic Naugatuck New Britain New Canaan New Fairfield New Hartford New Haven New London New Milford Newington Newtown Niantic Norfolk Historic District Noroton Heights North Branford North Haven North Stonington North Windham Northford Norwalk Norwich Oakdale Oakville Old Greenwich Old Lyme Old Mystic Old Saybrook Orange Oxford Pawcatuck Plainfield Plainville Plantsville Plymouth Pomfret Center Preston Prospect Putnam Quaker Hill Redding Ridgefield Riverside Rockville Rocky Hill Roxbury Salem Salisbury Seymour Sharon Shelton Sherman Simsbury Somers South Glastonbury South Lyme South Windsor Southbury Southington Southport Stafford Stafford Springs Stamford Stonington Storrs Stratford Suffield Taftville Tariffville Terryville Thomaston Tolland Torrington Trumbull Uncasville Unionville Vernon Wallingford Washington Washington Depot Waterbury Waterford Watertown Weatogue West Hartford West Haven West Simsbury West Suffield Westbrook Weston Westport Wethersfield Willimantic Wilton Windsor Windsor Locks Winsted Wolcott Woodbridge Woodbury Woodstock Yantic