Payday Loans in Claryville, 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 Claryville, NY. Consider companies in other cities:

Company nameAddressZip codePhone number
KeyBank 121 S 1st St, Fulton, NY 13069 +1 (315) 592 - 4221
Evans Bank 1075 Ridge Rd 100, Webster, NY 14580 +1 (585) 872 - 0100
Hudson River Community Credit Union 160 Broad St, Glens Falls, NY 12801 +1 (518) 654 - 9028
Bank of America Financial Center 405 Windsor Hwy, Vails Gate, NY 12584 +1 (800) 432 - 1000
TD Bank 3560 Veterans Memorial Hwy, Bohemia, NY 11716 +1 (631) 585 - 0296
Walmart Money Center 77 Eastwood Blvd, Centereach, NY 11720
BBK Holding Inc 1930 Veterans Memorial Hwy 7, Islandia, NY 11749 +1 (631) 232 - 9830
Ayco, a Goldman Sachs Company 25 British American Blvd, Latham, NY 12110 +1 (518) 640 - 5000
Raymond James Financial Services 20 Maple Ave, Armonk, NY 10504 +1 (914) 219 - 5888
Walmart Money Center 341 NY-104, Oswego, NY 13126

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Claryville, NY, you can try to find different companies in big cities near by. Check out the following pages here: No Credit Check Loans in Poughkeepsie, NY, Payday Loans in Riverhead, NY, Payday Loans in Rochester, NY, Payday Loans in Rome, NY, Online Loans in Rye, NY, Payday Loans in Schenectady, NY, Payday Loans in Smithtown, NY and No Credit Check Loans in Southampton, 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 Claryville, NY.

Beautiful sights of Claryville, NY

Are Payday Loans Legal In Claryville, 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

Claryville, NY payday loan calculator

Payday Loans in Claryville, New York: What You Need to Know

Payday loans are a type of short-term loan that typically involve high interest rates and fees. These loans are marketed as a way to bridge the gap between paychecks or cover unexpected expenses, but they can end up creating a debt cycle for borrowers. In the state of New York, payday loans are prohibited to protect consumers from predatory lending practices. Claryville residents should be aware of their rights and options when it comes to borrowing money.

The Importance of Consumer Protection

New York State has taken a strong stance against payday loans because of their potential to trap borrowers in a cycle of debt. Payday lenders often target low-income individuals who are already struggling to make ends meet. According to a report from the Pew Charitable Trusts, the average payday loan borrower is in debt for five months out of the year and spends an average of $520 in fees to repeatedly borrow $375.

Without regulations in place, lenders can charge exorbitant interest rates and fees that make it nearly impossible for borrowers to repay their debts. This can lead to a cycle of debt where borrowers take out new loans to cover old ones, racking up even more fees and interest charges.

Alternatives to Payday Loans

Claryville residents who need to borrow money have a number of options that are safer and more affordable than payday loans. Some alternatives to consider include:

  • Personal loans: Banks and credit unions offer personal loans with much lower interest rates than payday loans. These loans may require a longer application process, but they can save borrowers money in the long run.
  • Credit counseling: Nonprofit organizations like the National Foundation for Credit Counseling offer free or low-cost counseling services to help individuals budget and manage their debts.
  • Payment plans: Many creditors and service providers offer payment plans that allow customers to pay off their debts over time, without incurring additional fees or interest.
  • Side jobs: Claryville residents who need extra cash can consider taking on a side job, such as driving for a ride-sharing service or doing odd jobs for neighbors.

Interesting Facts and Statistics About Payday Loans in Claryville, New York

  • New York is one of 14 states that prohibits payday lending.
  • The average interest rate for a payday loan in New York is 200%.
  • According to the New York State Department of Financial Services, payday lenders have attempted to circumvent state laws by partnering with out-of-state banks and using the internet to make loans to New York residents.
  • In 2020, the New York State Attorney General’s Office reached a settlement with a group of online payday lenders who had been violating state law by making loans to New York residents with interest rates of up to 1,095%.

Apply Now

Although payday loans are illegal in New York State, residents who are in need of quick cash can still explore their loan options through TheGuaranteedLoans. As a connector service, we are not a direct lender, but we can help you connect with reputable lenders who offer personal loans, title loans, and other types of financing. Apply now to get started and take the first step towards financial stability!

F.A.Q.

What are the penalties for offering or taking out a payday loan in Claryville, New York?

Offering or taking out a payday loan in Claryville, New York is considered a criminal offense and can result in fines and imprisonment.

Are there any exceptions to the payday loan prohibition in Claryville, New York?

No, there are no exceptions to the payday loan prohibition in Claryville, New York.