Payday Loans in Henrietta, New York

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

Company nameAddressZip codePhone number
New York Debt Settlement Co 100 Garden City Plaza 223, Garden City, NY 11530 +1 (516) 882 - 5252
Bank of America with Drive-thru ATM 405 Windsor Hwy, New Windsor, NY 12584 +1 (845) 476 - 3932
SeaComm Federal Credit Union 3349 US-11, Malone, NY 12953 +1 (800) 764 - 0566
Fast Pawn Shop - Online Quick Cash Loan 49 N Main St, Ellenville, NY 12428 +1 (855) 515 - 4653
Raymond James Financial Services 94 E Seneca St 5, Sherrill, NY 13461 +1 (315) 361 - 6165
PAYOMATIC 2510 Hylan Blvd Unit B, Staten Island, NY 10306 +1 (718) 667 - 0551
Queens Check Cashing Corporation 170-15 Jamaica Ave, Jamaica, NY 11432 +1 (718) 558 - 5556
Bank of Greene County 425 Main St, Catskill, NY 12414 +1 (518) 943 - 3700
Community Bank, N.A. 101 W Main St, Sherman, NY 14781 +1 (716) 761 - 6201
KeyBank 388 Feura Bush Rd, Glenmont, NY 12077 +1 (518) 449 - 4061

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Henrietta, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Hicksville, NY, Short-term Loans in Huntington, NY, Payday Loan for Huntington Station, NY, 24-Hour Loan in Islip, NY, Bad Credit Loans in Ithaca, NY, Payday Loans in Jamestown, NY, Online Loans in Lancaster, NY and Payday Loans in Levittown, 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 Henrietta, NY.

Beautiful sights of Henrietta, NY

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

14467

Are Payday Loans Legal In Henrietta, 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

Henrietta, NY payday loan calculator

Understanding Payday Loans in Henrietta, New York

Payday loans can be tempting when you find yourself in a financial bind and need money fast. However, it’s important to know that payday loans in Henrietta, New York are prohibited by state law. It’s crucial to understand the risks associated with payday loans and explore alternative options for obtaining the funds you need.

What are Payday Loans?

A payday loan is a type of short-term loan typically due on the borrower’s next payday. These loans are often marketed as a quick and easy solution for individuals who need fast cash. Borrowers fill out an application and provide proof of income and identification. Once approved, the borrower receives the funds in exchange for a postdated check or authorization to withdraw funds from their bank account on the due date.

Payday loans often come with exorbitant interest rates and fees, making them a costly way to borrow money. In addition, many borrowers find themselves trapped in a cycle of debt as they continue to roll over their payday loans or take out new loans to pay off existing ones. This can lead to a dangerous cycle of debt that can be difficult to escape.

Why are Payday Loans Prohibited in Henrietta, New York?

In New York, payday loans have been prohibited since 2009. The state’s Banking Department found that payday lending was deceptive and misleading to consumers and posed significant risks to borrowers. New York’s usury laws, which cap interest rates at 25% per year, also make payday lending unprofitable for lenders.

While payday lending is illegal in New York, that hasn’t stopped some unscrupulous lenders from attempting to offer payday loans to consumers. These lenders often target vulnerable populations, such as low-income individuals and those with poor credit, with promises of fast cash and easy approval. However, consumers who fall prey to these lenders can find themselves in even more financial trouble.

What are the Alternatives to Payday Loans?

If you’re facing a financial emergency and need money fast, there are alternatives to payday loans available in Henrietta, New York. These include:

  • Credit counseling from a reputable agency that can help you create a budget and manage your finances
  • Personal loans from a bank or credit union, which often come with more favorable interest rates and terms
  • Credit card cash advances, which come with high interest rates but may be a better option than a payday loan in some cases
  • Friends and family who may be willing to lend you money with more lenient terms

Before deciding on any of these options, it’s important to assess your financial situation and determine what you can realistically afford to repay. You should also research the lender or credit counseling agency and make sure they have a good reputation and reasonable terms.

Interesting Facts about Payday Loans in Henrietta, New York

  • In 2009, New York’s banking department found that payday loans were deceptive and misleading to consumers and posed significant risks to borrowers
  • Since then, payday lending has been prohibited in the state of New York
  • New York’s usury laws, which cap interest rates at 25% per year, make payday lending unprofitable for lenders
  • Payday lending often comes with exorbitant interest rates and fees, making it a costly way to borrow money
  • Many borrowers find themselves trapped in a cycle of debt as they continue to roll over their payday loans or take out new loans to pay off existing ones

Apply Now

If you’re in need of fast cash, TheGuaranteedLoans can help connect you with potential lenders who can provide personal loans. As a connector service, we’re not a direct lender, but we can facilitate your connection with reputable lenders who may be able to offer you better terms and rates than a payday loan. Fill out our simple online application now to get started.

It’s important to remember that taking out a loan is a serious financial decision that should not be taken lightly. Make sure to read all loan terms and conditions, including interest rates, fees, and repayment terms, before signing on the dotted line. By doing your research and making an informed decision, you can find the best solution for your financial needs without falling prey to payday lending scams.

F.A.Q.

What are the alternatives to payday loans in Henrietta, New York?

Consumers in Henrietta, New York can seek out small, short-term loans from credit unions or banks, or can consider using a credit card or personal loan for financial emergencies.

Why are payday loans prohibited in Henrietta, New York?

Payday loans are prohibited in Henrietta, New York due to their high interest rates and fees, which can trap consumers in a cycle of debt.