Payday Loans in Calcium, New York

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

Company nameAddressZip codePhone number
Global Financial Credit, LLC 199 Main St 8th Floor, White Plains, NY 10601 +1 (866) 709 - 1100
Chase Bank 201 Auto Park Pl, Newburgh, NY 12550 +1 (845) 562 - 9400
Fast Cash USA 128 10th Ave, New York, NY 10011 +1 (212) 645 - 5698
Financial Insights Inc 170 English Station Rd, Rochester, NY 14616 +1 (585) 227 - 6075
Municipal Credit Union Rego Center Branch 61-35 Junction Blvd, Rego Park, NY 11374 +1 (212) 693 - 4900
Sterling National Bank 995 Hicksville Rd, Massapequa, NY 11758 +1 (516) 799 - 5500
Pioneer - Guilderland Branch 1883 Western Ave, Albany, NY 12203 +1 (518) 456 - 2670
Chase Bank 2210 Nesconset Hwy, Stony Brook, NY 11790 +1 (631) 751 - 8587
Zanellas Market Hill Auto Services 191 Market St, Amsterdam, NY 12010 +1 (518) 843 - 0245
Raymond James 350 Theodore Fremd Ave, Rye, NY 10580 +1 (914) 925 - 3494

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Calcium, NY, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Commack, NY, Guaranteed Loans in Coram, NY, Bad Credit Loans in East Meadow, NY, Bad Credit Loans in Eastchester, NY, Quick Loan in Elmont, NY, Payday Loans in Franklin Square, NY, Payday Loan for Freeport, NY and Payday Loans in Guilderland, 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 Calcium, NY.

Beautiful sights of Calcium, NY

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

13616

Are Payday Loans Legal In Calcium, 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

Calcium, NY payday loan calculator

Payday Loans in Calcium, New York: Understanding the Restrictions

Payday loans are a type of short-term loan that’s commonly associated with high interest rates and fees. While many states allow payday loans to be offered, the state of New York prohibits these types of loans. This means that if you’re looking for a payday loan in Calcium, New York, you’re out of luck. In this article, we’ll dive into more details about the payday loan restrictions in New York and what alternatives are available to borrowers in Calcium.

Why are Payday Loans Prohibited in New York?

New York State has been regulating payday loans for decades. In the early 2000s, state officials began cracking down on lenders who were offering payday loans with astronomical interest rates. At the time, some lenders were charging borrowers up to 500% APR – an incredibly high rate, especially for those who were already in financial distress.

To protect New York residents from the high costs of payday loans, the state implemented laws that limit the interest rate a lender can charge for a loan. Currently, the maximum APR allowed for a loan in New York is 25%. While this may still sound high to some, it’s significantly lower than what payday lenders were charging in the early 2000s.

Additionally, the state of New York has banned payday lending altogether. This means that lenders cannot legally offer payday loans to New York residents, including those who live in Calcium.

Alternatives to Payday Loans in Calcium

Although New York prohibits payday loans, there are still alternative lending options available to those who need a loan in Calcium. Here are a few options to consider:

  • Personal Loans: Personal loans are a type of unsecured loan that can help borrowers cover unexpected expenses. While personal loans typically have a higher interest rate than a traditional bank loan, they’re still more affordable than a payday loan. Additionally, personal loan terms are typically longer – up to five years – which gives borrowers more time to repay the loan.
  • Credit unions: If you’re a member of a credit union, it may be worth checking with them to see if they offer small-dollar loans. Credit unions are not-for-profit organizations that are typically more willing to work with borrowers who have less-than-perfect credit. Additionally, credit unions are often able to offer lower interest rates and fees than traditional banks.
  • Credit card cash advance: If you have a credit card, you may be able to take out a cash advance. However, keep in mind that cash advances typically have a higher interest rate than regular purchases, so this should only be considered as a last resort.
  • Local resources: Depending on your situation, there may be local resources available to help you cover unexpected expenses. For example, some charities and non-profit organizations offer financial assistance to those in need. It’s worth checking with your local community to see what resources are available.

Facts and Statistics about Payday Loans in Calcium, New York

Although payday loans are prohibited in New York, it’s worth noting that many borrowers in other states still turn to these types of loans as a source of quick cash. Here are a few facts and statistics about payday loans:

  • In 2019, 12 million Americans took out a payday loan, totaling $9 billion in fees.
  • The average payday loan borrower takes out eight loans per year, spending an average of $520 on interest fees alone.
  • Payday lenders typically target low-income borrowers who are living paycheck to paycheck.
  • The average APR for a payday loan is 391%, which is significantly higher than the max APR allowed for loans in New York.

Apply Now

If you’re in need of a loan in Calcium, New York, TheGuaranteedLoans can help. While we do not offer loans directly, we’re a connector service that can help you connect with potential lenders. To get started, simply fill out our online application. We’ll then match you with lenders who may be able to offer you a loan. Remember, it’s important to carefully review the terms and conditions of any loan before accepting it.

At TheGuaranteedLoans, we’re committed to helping borrowers find the loan that’s right for their unique financial situation. Whether you need a small personal loan or a larger loan to cover unexpected expenses, we can help. Contact us today to learn more.

F.A.Q.

Where can I get more information about payday loans in Calcium, New York?

More information about payday loans in Calcium, New York can be found on the New York State Department of Financial Services website. You can also contact the department directly with any questions or concerns.

Are payday loans available in Calcium, New York?

No, payday loans are prohibited in Calcium, New York.