Payday Loans in Greenwood, New York

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
Joe Petralia, Mortgage Loan Officer @ Genesee Regional Bank GRB Mortgage 1850 S Winton Rd, Rochester, NY 14618 +1 (585) 402 - 5084
Family First Funding - Team Keelin Warwick 11 Oakland Ave 2l, Warwick, NY 10990 +1 (845) 699 - 0974
Fulton Savings Bank, Loan Operations Center 41 S 1st St, Fulton, NY 13069 +1 (315) 592 - 3171
CAP COM Federal Credit Union 1744 U.S. 9, Clifton Park, NY 12065 +1 (800) 634 - 2340
Raymond James 1111 Broadhollow Rd, Farmingdale, NY 11735 +1 (631) 390 - 1266
The First National Bank of Long Island Davis Professional Park, 5225 Nesconset Hwy Building 4, Suite 21, Port Jefferson Station, NY 11776 +1 (631) 928 - 4411
Adirondack Regional Federal Credit Union 23 Smithfield Blvd, Plattsburgh, NY 12901 +1 (518) 562 - 0221
Suffolk Federal Credit Union 3681 Horseblock Road, Medford, NY 11763 +1 (631) 924 - 8000
Trans Continental Credit 44 S Broadway # 301, White Plains, NY 10601 +1 (914) 421 - 3000
Pioneer - Clifton Park West Branch 1208 NY-146, Clifton Park, NY 12065 +1 (518) 373 - 1052

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Greenwood, NY, you can try to find different companies in big cities near by. Check out the following pages here: Quick Loan in Brentwood, NY, Payday Loans in Brookhaven, NY, Payday Loans in Brooklyn, NY, Payday Loans in Buffalo, NY, Online Loans in Carmel, NY, Payday Loan Without a Credit Check in Centereach, NY, No Credit Check Loans in Central Islip, NY and Same Day Loans in Cicero, 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 Greenwood, NY.

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

14839

Are Payday Loans Legal In Greenwood, 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

Greenwood, NY payday loan calculator

In Greenwood, New York, payday loans are prohibited by state law. So, for those in need of cash quickly, payday loans may not be an option. However, understanding the laws and regulations surrounding these loans is critical. In this article, we’ll discuss what payday loans are, why they were made illegal in New York, and some alternative options for those in need of financial assistance.

What Are Payday Loans?

Payday loans are short-term, high-interest loans where the borrower writes a postdated check to the lender, which includes the loan principal plus fees and interest charges. The lender will then cash the check on the borrower’s next payday, giving them quick access to cash when they need it most. However, with interest rates often exceeding 400 percent, and fees piling up quickly, these loans can trap individuals in a cycle of debt.

Why Are Payday Loans Illegal in New York?

In 2013, New York State banned payday loans due to the high costs and predatory practices associated with them. The state took action to protect consumers from lenders who were taking advantage of people, often those in vulnerable financial positions. While this was a win for consumer protection, those in need of quick cash are left with limited options.

Alternative Options for Financial Assistance

Personal Loans

Personal loans are an option for those in need of financial assistance. These loans are typically unsecured and have lower interest rates than payday loans. However, personal loans do require a credit check, which may be a barrier for those with poor credit. Additionally, personal loans often have longer repayment terms, which means borrowers may be paying for a longer period of time.

Credit Cards

Credit cards can also be an option for those in need of emergency funds. While the interest rates on credit card debt are high, they are usually lower than payday loan interest rates. Additionally, if the borrower pays off the balance in full and on time, they can avoid interest charges altogether.

Cash Advances

For those with credit cards, a cash advance can provide short-term financial assistance. However, cash advances often come with high fees and interest rates. Additionally, borrowers may have to pay a fee for the advance, which can add to their financial burden.

Interesting Facts About Payday Loans in Greenwood, New York

  • New York State caps interest rates for loans at 16 percent, which means many payday lenders could not operate legally under state law.
  • The average payday loan borrower takes out eight loans per year, with a total of $3,000 in fees paid.
  • While payday loans are illegal in New York, many lenders still offer them online, often to borrowers in other states where the loans are legal.

Apply Now for Financial Assistance

If you’re in need of financial assistance, TheGuaranteedLoans can help connect you with potential lenders. Keep in mind that TheGuaranteedLoans is a connector service, not a direct lender. We’ll facilitate the connection between you and a lender who may be able to help. Fill out an online application today and get started on the path to financial stability.

F.A.Q.

How do I know if a lender is offering illegal payday loans in Greenwood, New York?

Lenders offering illegal payday loans in Greenwood, New York may not be licensed by the state and may have high interest rates and fees that are not allowed under state law.

What can I do if I have taken out an illegal payday loan in Greenwood, New York?

If you have taken out an illegal payday loan in Greenwood, New York, you can contact the New York State Department of Financial Services to report the lender and seek assistance in resolving the issue.