Payday Loans in East Elmhurst, New York

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

Company nameAddressZip codePhone number
iCAPITAL CASH 411 Hempstead Turnpike, West Hempstead, NY 11552 +1 (866) 217 - 7917
NBT Bank 14 E Main St, Marathon, NY 13803 +1 (607) 849 - 3275
TD Bank 703 Main St, Poughkeepsie, NY 12601 +1 (845) 431 - 6101
Gray & Gray and Associates CPAs, P. C. One Main St Suite 101, Canton, NY 13617 +1 (315) 386 - 2925
Edwards Michael W 301 W Franklin St, Horseheads, NY 14845 +1 (607) 796 - 2161
Citibank 95 Pondfield Rd, Bronxville, NY 10708 +1 (914) 202 - 0108
Five Star Bank 284 E Fairmount Ave, Lakewood, NY 14750 +1 (716) 763 - 2000
Niagara Frontier Federal 615 Main St, Niagara Falls, NY 14301 +1 (716) 284 - 2161
Teachers Federal Credit Union 260 Pond Path, Centereach, NY 11720 +1 (631) 698 - 7000
MassMutual Financial Group 2200 Northern Blvd 200, Greenvale, NY 11548 +1 (646) 403 - 3018

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in East Elmhurst, NY, you can try to find different companies in big cities near by. Check out the following pages here: No Credit Check Loans in Clay, NY, Payday Loans in Clifton Park, NY, Payday Loan Without a Credit Check in Commack, NY, Payday Loans in Coram, NY, 24-Hour Loan in East Meadow, NY, Payday Loan Companies in Eastchester, NY, Payday Loans in Elmont, NY and No Credit Check Loans in Franklin Square, 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 East Elmhurst, NY.

Beautiful sights of East Elmhurst, NY

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

00000

Are Payday Loans Legal In East Elmhurst, 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

East Elmhurst, NY payday loan calculator

What You Need to Know About Payday Loans in East Elmhurst, New York

Payday loans are short-term loans that are typically used to cover an unexpected expense. They are often marketed as a way to get quick cash, but they can come with very high fees and interest rates, which can make them incredibly expensive. It’s important to understand the laws surrounding payday loans in your area and to explore alternative options before considering a payday loan.

The Legal Status of Payday Loans in New York

Payday loans are actually illegal in New York state, including East Elmhurst. The state has laws in place to protect consumers from these types of predatory lending practices. The Department of Financial Services (DFS) enforces these laws, which also cover other types of high-interest loans, such as car title loans and tax refund anticipation loans.

While it is illegal for storefront payday lenders to operate in New York, online payday lenders may still attempt to offer loans to New York residents. However, these loans are typically illegal and unenforceable under state law.

Alternatives to Payday Loans

The DFS encourages consumers to look for alternative ways to cover unexpected expenses, such as:

  • Seeking assistance from a non-profit credit counseling service
  • Reaching out to friends or family for help
  • Using a credit card with a lower interest rate
  • Applying for a personal loan from a bank or credit union

These options may be more affordable and less risky for consumers.

Why Payday Loans are Dangerous

While payday loans may seem like an easy way to get quick cash, they come with a number of risks. One of the biggest risks is the incredibly high interest rates and fees that are often associated with these loans. In some cases, borrowers can end up paying as much as 400% APR on their payday loans.

Other risks associated with payday loans include:

  • Borrowers can become trapped in a cycle of debt where they need to continually borrow to pay off previous loans.
  • Payday lenders may engage in harassing or deceptive practices, which can be difficult for borrowers to report.
  • Borrowers may have to provide access to their bank accounts, which can leave them vulnerable to fraud or unauthorized withdrawals.

Interesting Statistics About Payday Loans in East Elmhurst, New York

According to a study by The Pew Charitable Trusts, in states where payday lending is legal, the average borrower takes out 8 payday loans per year, with an average loan amount of $375. In New York, the lack of legal payday lending options means that residents are less likely to be trapped in the cycle of debt and high-interest rates that often come with payday loans.

Apply Now

While payday loans are not a legal option in New York, TheGuaranteedLoans can help connect consumers with lenders who offer other types of loans. If you’re in need of financial assistance, we encourage you to fill out our online application form to see if you qualify for a personal loan from one of our trusted lenders.

It’s important to remember that TheGuaranteedLoans is a connector service, which means that we are not a direct lender. We are a service that helps connect consumers with potential lenders who may be able to offer the financial assistance they need. It’s also important to remember that any loan agreement you enter into is with the lender, not with TheGuaranteedLoans.

The Bottom Line

While payday loans may seem like an attractive way to get quick cash, they come with a number of risks and are often illegal in many states, including New York. It’s important to explore alternative options and to seek assistance from non-profit credit counseling services if you’re struggling to make ends meet. If you’re in need of financial assistance, consider filling out an application with TheGuaranteedLoans to see if you qualify for a personal loan from one of our trusted lenders.

F.A.Q.

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

More information about payday loans in East Elmhurst, 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 East Elmhurst, New York?

No, payday loans are prohibited in East Elmhurst, New York.