Payday Loans in Ellisburg, New York

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

Company nameAddressZip codePhone number
Watertown Savings Bank - Sackets Harbor Branch 100 W Main St, Sackets Harbor, NY 13685 +1 (315) 646 - 4628
Auburn Community Federal Credit Union 2651 Erie Dr, Weedsport, NY 13166 +1 (315) 253 - 2934
Affinity Federal Credit Union 35 S Liberty Dr 9W, Stony Point, NY 10980 +1 (800) 571 - 6981
First Heritage Federal Credit Union 23 W Market St Suite 102, Corning, NY 14830 +1 (607) 962 - 4691
Clover Commercial Corp 2650 Merrick Rd, Bellmore, NY 11710 +1 (516) 679 - 2500
KeyBank 5387 Main St, Windham, NY 12496 +1 (518) 734 - 3200
Adirondack Regional Federal Credit Union 166 Market St, Potsdam, NY 13676 +1 (315) 268 - 1440
Loomis Armored US 101 Victor Heights Pkwy, Victor, NY 14564 +1 (585) 924 - 2310
Greater Chautauqua FCU 41 S Erie St, Mayville, NY 14757 +1 (716) 224 - 4201
Jackson Hewitt Tax Service 41 Anawana Lake Rd, Monticello, NY 12701 +1 (845) 863 - 1040

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Ellisburg, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Centereach, NY, Quick Loan in Central Islip, NY, Payday Loans in Cicero, NY, Payday Loans in Clarence, NY, Quick Loan in Clay, NY, Emergency Loan in Clifton Park, NY, No Credit Check Loans in Commack, NY and Payday Loans in Coram, 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 Ellisburg, NY.

Beautiful sights of Ellisburg, NY

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

13698, 13636

Are Payday Loans Legal In Ellisburg, 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

Ellisburg, NY payday loan calculator

While payday loans are a popular option for those who need a quick financial boost, it’s important to note that they are prohibited in the state of New York, including in the town of Ellisburg. In this article, we’ll explore what payday loans are, why they’re banned in New York, and what alternatives are available to residents of Ellisburg who need financial assistance.

What are Payday Loans?

Payday loans, also called cash advances or paycheck advances, are short-term loans typically taken out by individuals who need immediate financial assistance before their next paycheck. These loans often come with high interest rates and fees, which can make it difficult for borrowers to repay the loan and can lead to a cycle of debt.

Payday Loans in New York

While payday loans are legal in many states, they are not allowed in New York. In fact, New York was one of the first states to enact legislation to protect borrowers from these types of loans. The state’s usury laws cap interest rates at 25%, making it difficult for payday lenders to charge the high fees associated with these loans. Additionally, the state’s banking department has taken action against many payday lenders who have attempted to operate in the state illegally.

Why are Payday Loans Prohibited in New York?

The state of New York has taken a strong stance against payday loans due to the potential harm they can do to borrowers. The high interest rates and fees associated with these loans can trap borrowers in a cycle of debt, making it almost impossible to pay off the loan and get back on their feet financially. Additionally, many payday lenders have been known to use aggressive collection tactics, which can be intimidating and harassing for borrowers.

Alternatives to Payday Loans

While payday loans may be off the table for residents of Ellisburg and other New York towns, there are other options available for those who need financial assistance. Some alternatives include:

  • Personal loans from banks or credit unions – these loans may have lower interest rates than payday loans and can be submitted online or in person.
  • Credit card cash advances – while these can also have high interest rates, they may be a better option for borrowers who need a small amount of cash quickly.
  • Loan assistance programs – some non-profit organizations offer loan assistance programs to help those in need with emergency expenses.
  • Emergency assistance programs – many local and state organizations offer emergency assistance programs to help with expenses such as rent, utilities, and medical bills.

Interesting Facts and Statistics about Payday Loans in America

  • The average payday loan borrower takes out 8 loans per year.
  • Payday loans result in $9 billion in fees each year.
  • 12 million Americans take out payday loans every year.
  • Payday lenders are more likely to set up shop in low-income neighborhoods.

Apply Now

While TheGuaranteedLoans does not directly lend payday loans to Ellisburg residents, we can help connect you with potential lenders who can provide you with the financial assistance you need. Fill out our online application today to get started and take the first step towards achieving your financial goals.

F.A.Q.

Can I be sued for defaulting on a payday loan in Ellisburg, New York?

No, you cannot be sued for defaulting on a payday loan in Ellisburg, New York because these loans are illegal in the state.

Can a payday loan be included in a bankruptcy filing in Ellisburg, New York?

No, a payday loan cannot be included in a bankruptcy filing in Ellisburg, New York because these loans are illegal in the state.