Payday Loans in Fishs Eddy, New York

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

Company nameAddressZip codePhone number
Ezcashnow.ca Payday Loans Canada Fast Cash Advance Loan 1623 Military Rd, Niagara Falls, NY 14304 +1 (866) 279 - 3703
KeyBank 3 Rte 9W, West Haverstraw, NY 10993 +1 (845) 947 - 5600
Berkshire Bank 184 Broadway, Whitehall, NY 12887 +1 (518) 499 - 2200
Bank of America Financial Center 495 Elmwood Ave, Buffalo, NY 14222 +1 (716) 881 - 2915
Morgan Stanley 2678 South Rd, Poughkeepsie, NY 12601 +1 (845) 485 - 2800
M&T Bank 56 NY-17K, Newburgh, NY 12550 +1 (845) 562 - 3100
Wallkill Valley Federal Savings & Loan 225 Main St, Highland Falls, NY 10928 +1 (845) 446 - 4711
Vu Loan 65 Waldorf Ave, Rochester, NY 14606 +1 (585) 247 - 8083
LPL Financial 60 N Country Rd 103, Port Jefferson, NY 11777 +1 (631) 509 - 1773
TEG Federal Credit Union - Beekman Branch 2540 State Rte 55, Poughquag, NY 12570 +1 (845) 452 - 7323

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Fishs Eddy, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Companies in Huntington Station, NY, Payday Loans in Islip, NY, Payday Loan Companies in Ithaca, NY, Payday Loans in Jamestown, NY, Payday Loans in Lancaster, NY, Payday Loan Without a Credit Check in Levittown, NY, Payday Loan for Long Beach, NY and Same Day Loans in Manlius, 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 Fishs Eddy, NY.

Beautiful sights of Fishs Eddy, NY

Are Payday Loans Legal In Fishs Eddy, 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

Fishs Eddy, NY payday loan calculator

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

Payday loans are not legal in the state of New York, including the small hamlet of Fishs Eddy. However, this does not mean that residents of Fishs Eddy do not experience financial difficulties and short-term cash flow problems. In this article, we will examine the impact of the ban on payday loans in Fishs Eddy, why payday loans are illegal in New York, and alternatives available to those who need short-term financial assistance.

Why are Payday Loans Illegal in New York?

New York is one of the few states in the country that has taken a strong stance against payday lending. The state legislature passed the Payday Lending Reform Act in 2010, which banned high-interest, short-term loans with terms less than 60 days. This legislation put payday lenders out of business in New York, while other states have continued to allow payday lenders to operate.

All types of payday lending, including online payday lending, are considered illegal in New York. Any payday loans made online or through telemarketing are illegal and unenforceable.

Impact of the Payday Lending Ban on Fishs Eddy

Even though payday lending is illegal in New York, many residents of Fishs Eddy and other communities in the state face short-term financial difficulties. Without access to payday loans, some turn to predatory lenders, pawnshops, or high-interest credit cards to make ends meet.

The payday lending industry often targets low-income individuals who lack access to traditional banking services. In Fishs Eddy, this means that individuals who are already experiencing financial difficulties are left with few options for short-term cash assistance.

Alternatives to Payday Loans

Fortunately, there are alternatives to payday loans that are legal in New York State. These include:

  • Traditional bank loans: Consumers can apply for small loans from banks, although they may require good credit history and a longer approval process than payday loans.
  • Credit unions: Credit unions often offer lower interest rates and more lenient terms than traditional banks.
  • Family and Friends: Borrowing from friends or family can be a cheaper option with more flexible repayment terms.
  • Personal loans: Online lenders and peer-to-peer lending platforms offer personal loans that can be used for short-term expenses. These loans have higher approval rates than traditional banks and often have lower fees and interest rates.
  • Credit counseling: Non-profit organizations offer debt counseling and financial education to consumers.

It’s important to consider all options before taking out a loan. Borrowers should also understand the loan terms and fees, repayment options, and the penalties for late payments or default.

Interesting Facts About Payday Loans in Fishs Eddy, New York

  • New York State’s payday loan laws prevent borrowers from getting trapped into long-term debt cycles that can be difficult to break free from and often compound the borrowers’ financial struggles.
  • Fishs Eddy has one of the lowest poverty rates in Delaware County at 5.7%.
  • The average credit card debt per household in New York State is $8,067, which is higher than the US average of $7,527.

Apply Now through TheGuaranteedLoans

For those who need financial assistance now, TheGuaranteedLoans can connect consumers with potential lenders who may be able to help. The online application process is simple and can be done from the comfort of your home.

It’s important to note that TheGuaranteedLoans is a connector service and not a direct lender. Lenders who receive loan applications through TheGuaranteedLoans will determine the loan terms and fees based on the borrower’s creditworthiness and other factors.

Conclusion

Payday lending is illegal in New York State, including Fishs Eddy. However, there are alternatives to payday loans that consumers can explore if they need short-term financial assistance. Borrowers should carefully consider loan terms and fees, repayment options, and the penalties for late payments or default before taking out a loan. It is also important to work with legitimate lenders and avoid predatory lending practices.

F.A.Q.

Where can I get more information about payday loans in Fishs Eddy, New York?

More information about payday loans in Fishs Eddy, 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 Fishs Eddy, New York?

No, payday loans are prohibited in Fishs Eddy, New York.