Payday Loans in Colton, New York

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

Company nameAddressZip codePhone number
Woodforest Bank 1400 County Rd 64, Horseheads, NY 14845 +1 (607) 739 - 1468
M&T Bank 35-41 Washington Ave, Endicott, NY 13760 +1 (607) 786 - 4710
AmeriCU 10750 Enduring Freedom Dr, Fort Drum, NY 13602 +1 (800) 388 - 2000
Tompkins Bank of Castile 3140 Monroe Ave, Rochester, NY 14618 +1 (585) 267 - 4220
First Heritage Federal Credit Union 218 Prescott Ave, Elmira, NY 14903 +1 (607) 733 - 4624
Community Bank, N.A. 29 Main St, Arkport, NY 14807 +1 (607) 295 - 7455
M&T Bank 74825 Main Rd, Greenport, NY 11944 +1 (631) 477 - 0234
Secny Federal Credit Union 115 Fayette St, Manlius, NY 13104 +1 (315) 682 - 1174
Chase Mortgage 865 Fairport Rd, East Rochester, NY 14445 +1 (585) 586 - 7650
Wells Fargo Home Mortgage 291 Wall St A, Kingston, NY 12401 +1 (845) 334 - 2600

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Colton, NY, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Southampton, NY, Same Day Loans in Spring Valley, NY, Payday Loans in Staten Island, NY, Same Day Loans in Syracuse, NY, Payday Loan Without a Credit Check in Troy, NY, Emergency Loan in Uniondale, NY, Payday Loans in Utica, NY and Payday Loan Without a Credit Check in Valley Stream, 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 Colton, NY.

Beautiful sights of Colton, NY

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

13625

Are Payday Loans Legal In Colton, 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

Colton, NY payday loan calculator

Overview of Payday Loans in Colton, New York

Payday loans are short-term, high-interest loans designed to help people get through financial emergencies until their next payday. These loans are structured in a way that makes them affordable and easy to pay back, and they are popular with people who need cash fast and cannot get access to traditional credit sources.

However, it is important to note that payday loans are prohibited in New York state, including the small town of Colton. The New York Department of Financial Services (DFS) has implemented strict regulations to protect consumers from predatory lending practices. This means that if you live in Colton and need a payday loan, you will have to look elsewhere.

Why are Payday Loans Prohibited in New York?

Payday loans are considered to be predatory because of their high-interest rates and fees, which can be as much as 400% or more. This can trap borrowers in a debt cycle, where they are forced to continually borrow money to make ends meet. In addition, some lenders use aggressive tactics to collect payments, including threats of violence or criminal prosecution.

As a result, many states including New York have implemented strict regulations to protect consumers from these practices. The DFS has stated that, “payday lending is illegal in New York under both civil and criminal usury statutes.”

What Are the Alternatives to Payday Loans in Colton?

If you live in Colton and need cash fast, there are several alternatives to payday loans that are available to you.

  • Personal Loans: Personal loans are installment loans that can be used for any purpose, including emergencies. They offer lower interest rates than payday loans and are easier to pay back over time.
  • Credit Cards: If you have good credit, a credit card can be a good source of emergency funds. A cash advance may be available with a lower interest rate than a payday loan.
  • Government Resources: You may be eligible for financial assistance through government programs like Medicaid, SNAP, and LIHEAP.

Interesting Facts About Payday Loans in New York

  • The average payday loan in New York carries an interest rate of 400% or more.
  • In 2018, the DFS brought an enforcement action against online payday lenders who were attempting to collect on illegal loans in New York.
  • New York is one of 15 states that has enacted strict regulations on payday lending.

Apply Now

While payday loans are not an option in Colton, you may still need help getting through a financial emergency. That’s where TheGuaranteedLoans can help.

We are a connector service that can connect you with potential lenders who offer personal loans and other alternatives to payday loans. Through our online application process, you can get access to the funds you need quickly and easily.

Remember, we are not a direct lender and cannot guarantee loan approval. But we will do our best to connect you with a lender who can help. Apply now and get the help you need to make it through your financial emergency.

F.A.Q.

Are there any other options for fast cash in Colton, New York?

Consumers in Colton, New York may be able to access funds through a credit union or bank loan, or by using a credit card or personal loan. It is also possible to sell assets or ask friends or family for financial assistance.

Are payday loans legal in Colton, New York?

No, payday loans are prohibited in the state of New York.