Payday Loans in Essex, New York

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

Company nameAddressZip codePhone number
Debt Reduction Services 3920 E Veterans Memorial Hwy #10, Bohemia, NY 11716 +1 (631) 473 - 7500
Allen B Powers CPA 65 Bay St, Glens Falls, NY 12801 +1 (518) 761 - 6054
M&T Bank 6560 4th Section Rd, Brockport, NY 14420 +1 (585) 637 - 8190
Farm Credit East 28 E Chautauqua St, Mayville, NY 14757 +1 (800) 929 - 2144
TD Bank 2990 Main St, Peru, NY 12972 +1 (518) 643 - 2387
Windham Professionals Inc. 300 Gleed Ave, East Aurora, NY 14052 +1 (866) 430 - 1548
M&T Bank 80 Oriskany Blvd, Whitesboro, NY 13492 +1 (315) 736 - 1827
Paragon Home Loans 50 Clinton Ave 1, Cortland, NY 13045 +1 (607) 344 - 3849
Dr. Nick's Transmissions 433 NY-25A 1, Rocky Point, NY 11778 +1 (631) 751 - 6500
ATM Felder's Service Station 43497 NY-37, Redwood, NY 13679

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Essex, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Islip, NY, Payday Loan for Ithaca, NY, Payday Loans in Jamestown, NY, Bad Credit Loans in Lancaster, NY, Payday Loans in Levittown, NY, Payday Loans in Long Beach, NY, No Credit Check Loans in Manlius, NY and Payday Loans in Mount Vernon, 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 Essex, NY.

Beautiful sights of Essex, NY

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

12936

Are Payday Loans Legal In Essex, 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

Essex, NY payday loan calculator

If you live in Essex, New York, you may find yourself in need of a loan at some point. While payday loans may seem like an easy solution, it’s important to know that they are prohibited in the state of New York. Before you consider a payday loan, it’s essential to explore all of your options and understand the risks associated with these types of loans.

What are Payday Loans?

Payday loans are short-term loans that borrowers typically use to cover expenses until their next payday. These loans are often marketed to people who are experiencing financial difficulties and may not have access to other forms of credit.

Payday loans typically come with high interest rates and fees, and many borrowers find themselves trapped in a cycle of debt. In some cases, borrowers take out multiple payday loans to pay off previous loans, which can lead to a downward spiral of debt and financial hardship.

Why are Payday Loans Prohibited in New York?

New York has one of the most stringent sets of payday lending laws in the country. The state’s Department of Financial Services has taken several steps to protect consumers from the dangers of payday loans.

Payday loans are illegal in New York because of the high interest rates and fees that lenders charge. The interest rates on payday loans can be as high as 400 percent, which can make it impossible for many borrowers to repay the loan in full.

Alternatives to Payday Loans

If you need a loan in Essex, New York, there are several alternatives to payday loans that you may want to consider. These alternatives include:

  • Credit Cards: If you have a credit card, you may be able to use it to cover your expenses until your next payday. While credit cards come with interest rates and fees, they are often a better option than payday loans.
  • Personal Loans: Personal loans are available from banks, credit unions, and other financial institutions. These loans typically come with lower interest rates than payday loans, making them a more affordable option.
  • Bad Credit Loans: If you have poor credit, you may be able to qualify for a bad credit loan. These loans are designed for people with low credit scores and may come with higher interest rates than personal loans, but they can still be a better option than payday loans.

Interesting Facts about Payday Loans in Essex, New York

While payday loans are illegal in New York, that doesn’t mean that people don’t still seek them out. Here are some interesting facts about payday loans in Essex, New York:

  • In a survey conducted by the Pew Charitable Trusts, 12 million Americans take out payday loans each year, and the average borrower takes out eight loans per year.
  • The average payday loan borrower in New York spends more than $500 on fees alone over the course of a year.
  • In 2019, the New York State Department of Financial Services fined a payday lender $330,000 and ordered the lender to forgive $3.5 million in loans for violating New York’s usury laws.

Apply Now

If you need a loan in Essex, New York, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is fast and easy, and we work with a network of trusted lenders who can provide loans for a variety of financial situations.

Please note that TheGuaranteedLoans is a connector service, not a direct lender. We do not make lending decisions, and we cannot guarantee that you will be approved for a loan. However, we will work hard to connect you with reputable lenders who can help you get the financing you need.

At TheGuaranteedLoans, we believe that everyone deserves access to fair and affordable credit. That’s why we’re committed to helping our clients find the best loans for their needs, with transparent terms and reasonable interest rates.

Conclusion

Payday loans can seem like an easy solution when you’re in need of quick cash. However, these loans can be dangerous and can lead to a cycle of debt and financial hardship. If you’re in need of a loan in Essex, New York, it’s important to explore all of your options and to work with a trusted lender who can provide you with fair and affordable credit.

F.A.Q.

Can I be charged with a crime for taking out an illegal payday loan in Essex, New York?

No, taking out an illegal payday loan in Essex, New York is not a crime. However, the lender may face legal consequences for offering illegal loans.

Can I be sued for not paying back an illegal payday loan in Essex, New York?

No, you cannot be sued for not paying back an illegal payday loan in Essex, New York.