According to PaydayLoanInfo.org, payday loans are prohibited in the state of Massachusetts. However, some payday loan companies found loopholes within the law and use the internet to disburse the loans.
I would advice that you do more research on the companies that have lent you the money. You can also complain to the Office of Consumer Affairs & Business Regulation (OCABR, www.mass.gov). For more information and help, please visit the state information page on PaydayLoanInfo.org.
As far as your social security income is concerned, keep in mind that payday loan companies will always insist on your account information so that they can present the checks or electronically debit your bank accounts. If your disability income is in the same account as the one that you used to get the payday loan, then I strongly advise you to open a new account and have your social security income deposited in your new account. Although social security income is protected from creditor judgments, once the money comes into the account, if you have written out checks or authorized direct debits, there is little you can do to stop them. Therefore, please change your bank accounts as soon as possible.
Bills.com also offers more information on the Payday Loan Information page, and has answered reader questions about payday loans in California, Florida, Illinois, Massachusetts, Missouri, New York, Texas, and Virginia.
If you do not repay a payday loan, the payday loan company has several legal remedies, including wage garnishment, levy, and lien. See the Bills.com resource Collections Advice to learn more about the rights of creditors and debtors.
I can also point you to the Free Bills.com Financial Planning and Budget Guide, which can help you manage your finances and learn about budgeting and prudent financial management.
I hope this information helps you Find. Learn & Save.