Payday Loans in Gorham, New York

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

Company nameAddressZip codePhone number
Tonawanda Community Fed CU 257 Highland Pkwy, Buffalo, NY 14223 +1 (716) 873 - 4688
Chase Mortgage 731 Montauk Hwy, Montauk, NY 11954 +1 (631) 668 - 5771
Hudson Valley Credit Union 324 Main St, Beacon, NY 12508 +1 (845) 463 - 3011
Bank of America with Drive-thru ATM 43 Main St, Hamburg, NY 14075 +1 (716) 649 - 4001
Gem Pawnbrokers 5 S 4th Ave, Mt Vernon, NY 10550 +1 (914) 665 - 6675
Bank of America with Drive-thru ATM 1160 W Boston Post Rd, Mamaroneck, NY 10543 +1 (914) 825 - 8299
Gem Pawnbrokers 420 E 149th St, Bronx, NY 10455 +1 (718) 292 - 0169
Stifel 2515 South Rd 202, Poughkeepsie, NY 12601 +1 (845) 471 - 8080
Financial Designs Wealth Strategies 950 Danby Rd 230, Ithaca, NY 14850 +1 (607) 257 - 4645
Sky Small Business Loans 630 5th Ave 8, New York, NY 10111 +1 (212) 457 - 1581

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Gorham, NY, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Huntington Station, NY, Short-term Loans in Islip, NY, Payday Loans in Ithaca, NY, Payday Loans in Jamestown, NY, Payday Loans in Lancaster, NY, Payday Loans in Levittown, NY, Emergency Loan in Long Beach, NY and Payday 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 Gorham, NY.

Beautiful sights of Gorham, NY

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

14461

Are Payday Loans Legal In Gorham, 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

Gorham, NY payday loan calculator

Understanding Payday Loans in Gorham, New York

Are you looking for financial assistance in Gorham, New York? If so, you may have heard about payday loans – a short-term loan that’s often used to cover unexpected expenses. However, it’s important to note that payday loans are prohibited in New York, including Gorham.

What Are Payday Loans?

Payday loans are typically small-dollar loans that are used to cover expenses until the next payday. They’re often advertised as a quick and easy solution to financial problems. However, these loans often come with high fees and interest rates, making them difficult to pay back.

While payday loans are prohibited in New York, there are still ways to get financial assistance. For example, you could apply for a personal loan or explore other options like credit counseling or assistance programs.

The Dangers of Payday Loans

Payday loans may seem like a good option for those in need, but they often come with a range of risks. For one, these loans typically come with extremely high interest rates, often much higher than traditional loans. This can make them very difficult to pay back, leading to a cycle of debt.

Additionally, payday loans often come with expensive fees and penalties. For example, if you’re unable to make a payment on your loan, you could face steep late fees or even a penalty that involves rolling over the loan into a new one with even higher fees and interest rates.

Finally, payday lenders may engage in unethical or even illegal practices when collecting on loans. This could include harassing phone calls or even threats of violence in some cases.

Alternative Options for Financial Assistance

If you’re in need of financial assistance in Gorham, New York, there are many alternatives to payday loans that you could explore.

  • Personal Loans: You could apply for a personal loan from a bank, credit union, or other financial institution. These loans typically come with much lower interest rates and fees than payday loans.
  • Credit Counseling: A credit counseling agency could help you explore your options for financial assistance and set up a budget that works for your needs.
  • Assistance Programs: Depending on your situation, you may be eligible for assistance programs like SNAP (Supplemental Nutrition Assistance Program) or LIHEAP (Low-Income Home Energy Assistance Program).

Interesting Facts about Payday Loans in Gorham, NY

  • In 2019, the average interest rate for payday loans in the United States was 391%.
  • New York State prohibited payday lending in 2005.
  • According to a report by the Consumer Financial Protection Bureau, the majority of payday loans are made to borrowers who renew their loans so many times that they end up paying more in fees than they originally borrowed.

Apply Now for Financial Assistance

If you’re in need of financial assistance in Gorham, New York, TheGuaranteedLoans is here to help. Our platform connects borrowers with a network of potential lenders, making it easy to find the right loan for your needs.

It’s important to note that we are a connector service and do not directly lend money to borrowers. Instead, we facilitate connections between borrowers and potential lenders, making it easy to find the right financial solution for your unique situation.

If you’re ready to explore your options for financial assistance, simply fill out our online application today. We’ll work hard to connect you with the right lender and get you the financial assistance you need.

F.A.Q.

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

No, taking out an illegal payday loan in Gorham, 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 Gorham, New York?

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