Payday Loans in Blodgett Mills, New York

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

No payday loan companies in Blodgett Mills, NY. Consider companies in other cities:

Company nameAddressZip codePhone number
Northwest Bank 29 S Erie St, Mayville, NY 14757 +1 (716) 753 - 2250
Shield Funding 2 W 46th St 204, New York, NY 10036 +1 (888) 882 - 6117
Bank of America with Drive-thru ATM 1414 NY-300, Newburgh, NY 12550 +1 (800) 432 - 1000
Major Pawn 730 Sunrise Hwy, Baldwin, NY 11510 +1 (516) 867 - 0737
Chase Bank 59-26 Woodside Ave, Woodside, NY 11377 +1 (718) 476 - 6600
South Chautauqua FCU 34 US-20 22, Brocton, NY 14716 +1 (716) 665 - 7000
The Adirondack Trust Company 473 Broadway, Saratoga Springs, NY 12866 +1 (518) 584 - 5844
KeyBank 32 Jordan St, Skaneateles, NY 13152 +1 (315) 685 - 8316
NBT Bank 20 Mohawk St, Canajoharie, NY 13317 +1 (518) 673 - 3201
Gem Pawnbrokers 420 E 149th St, Bronx, NY 10455 +1 (718) 292 - 0169

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Blodgett Mills, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Babylon, NY, Emergency Loan in Bay Shore, NY, No Credit Check Loans in Binghamton, NY, Quick Loan in Brentwood, NY, Payday Loan Without a Credit Check in Brookhaven, NY, Payday Loans in Brooklyn, NY, Payday Loan Without a Credit Check in Buffalo, NY and Payday Loans in Carmel, NY. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Blodgett Mills, NY.

Payday Loans Available in Blodgett Mills, NY By The Following ZIP Codes:

13738

Are Payday Loans Legal In Blodgett Mills, New York?

Payday Lending is Prohibited in New York

New York Loan Regulations

Legal StatusProhibited
Interest Rate (APR, %)Prohibited
Maximum Loan AmountProhibited
Minimum Loan TermProhibited
Maximum Loan TermProhibited
Number of Rollovers AllowedProhibited
Finance ChargesProhibited

Blodgett Mills, NY payday loan calculator

Understanding Payday Loans and Why They are Prohibited in New York

When facing a financial emergency, many people may consider taking out a payday loan. These types of loans are often marketed as a quick and easy solution for those who need cash in a hurry. However, it’s important to understand how payday loans work before deciding to take one out.

In Blodgett Mills, New York, payday loans are prohibited by state law. Here’s what you need to know about payday loans and why they are not available in this state.

What is a Payday Loan?

A payday loan is a type of short-term loan that is typically due on your next payday. These loans are usually for small amounts, ranging from $100 to $1,000. Payday loans are often used by people who need cash quickly to pay bills or cover unexpected expenses.

How Do Payday Loans Work?

To obtain a payday loan, borrowers typically need to provide proof of income and a valid form of identification. The lender will then issue a loan for the amount requested, plus interest and fees.

On the borrower’s next payday, the lender will cash the post-dated check or withdraw the funds directly from the borrower’s bank account. If the borrower is unable to repay the loan on the due date, the lender may charge additional fees and interest.

Why are Payday Loans Prohibited in New York?

In 2019, New York passed a law that prohibits payday loans and other types of high-interest loans. The law aims to protect consumers from predatory lending practices and the cycle of debt that can result from taking out these loans.

New York’s usury law caps interest rates at 25%, making it difficult for payday lenders to operate in the state. While some lenders may try to circumvent the law by partnering with out-of-state banks, these loans are still considered illegal in New York.

Alternatives to Payday Loans in Blodgett Mills, New York

Despite the prohibition on payday loans in New York, there are still options available for those in need of emergency funds. Depending on your situation, you may be eligible for:

  • A personal loan from a bank or credit union
  • A cash advance on a credit card
  • An installment loan with more favorable terms
  • A loan from a family member or friend
  • Government assistance programs

It’s important to carefully consider all of your options and choose one that best fits your financial needs and goals.

Facts and Statistics about Payday Loans in Blodgett Mills, New York

While payday loans are not available in New York, it’s still worth understanding the impact these loans can have on consumers. Here are some facts and statistics about payday loans in the United States:

  • The average payday loan borrower takes out 10 loans per year
  • The average payday loan amount is $375
  • Payday lenders make $7.4 billion in fees annually
  • 12 million Americans use payday loans each year
  • Payday loans have an average APR of 391%

These statistics illustrate the high cost of payday loans and the dangers of getting caught in a cycle of debt.

Apply Now

While payday loans are not available in Blodgett Mills or New York State, TheGuaranteedLoans can still help connect you with potential lenders for other types of loans. As a connector service, we work with a network of trusted lenders to help you find fast and flexible financing options.

To apply for a loan, simply fill out our online application with basic information about yourself and your financial needs. We’ll then match you with potential lenders who may be able to provide the funds you need.

Remember, it’s important to carefully consider your options and choose a loan that meets your financial needs and goals. If you have questions or concerns about the lending process, do not hesitate to contact us for more information.

F.A.Q.

Can I be sued or have my wages garnished if I default on a payday loan in Blodgett Mills, New York?

No, because payday loans are illegal in Blodgett Mills, New York, lenders cannot sue borrowers or garnish their wages for non-payment.

Are there any protections for borrowers who take out illegal payday loans in Blodgett Mills, New York?

Yes, the state of New York has established several protections for borrowers who may be misled or exploited by illegal payday lenders. These include the right to cancel a loan within five days, the right to dispute any charges or fees, and the right to seek legal assistance.