Payday Loans in Hubbardsville, New York

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

Company nameAddressZip codePhone number
Pathfinder Bank 6194 NY-31, Cicero, NY 13039 +1 (315) 752 - 0033
Atrium Funding Corporation 290 Broadhollow Rd # 301, Melville, NY 11747 +1 (631) 427 - 7801
Citizens Bank 406 NY-32, Vails Gate, NY 12584 +1 (845) 562 - 1510
SeaComm Federal Credit Union 139 Smithfield Blvd, Plattsburgh, NY 12901 +1 (800) 764 - 0566
Bank of America Financial Center 287 Main St, Schoharie, NY 12157 +1 (518) 295 - 8145
Colonial Transfer, LLC 4 Corporate Dr, Clifton Park, NY 12065 +1 (518) 899 - 1562
Chester's Group 593 W Broad St, Rochester, NY 14608 +1 (585) 235 - 3943
Pathfinder Bank 3775 NY-31, Liverpool, NY 13090 +1 (315) 593 - 4400
Empower Federal Credit Union 760 Harry L Dr, Johnson City, NY 13790 +1 (800) 462 - 5000
Kabbage INC 1410 Broadway 16th floor, New York, NY 10018 +1 (888) 986 - 8263

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Hubbardsville, NY, you can try to find different companies in big cities near by. Check out the following pages here: Guaranteed Loans in Lancaster, NY, Payday Loans in Levittown, NY, Payday Loan for Long Beach, NY, Payday Loan Without a Credit Check in Manlius, NY, Payday Loan for Mount Vernon, NY, Payday Loans in New City, NY, Payday Loan for New Rochelle, NY and Payday Loans in New York, 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 Hubbardsville, NY.

Beautiful sights of Hubbardsville, NY

Are Payday Loans Legal In Hubbardsville, 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

Hubbardsville, NY payday loan calculator

Payday Loans in Hubbardsville, New York – The Lowdown

If you’re in a financial bind, it might be tempting to take out a payday loan to tide you over. But if you’re in Hubbardsville, New York, it’s important to know that payday loans are prohibited in the state. In this article, we’ll explore why payday loans are banned in New York and what alternatives you can explore for your short-term financial needs.

Why Are Payday Loans Prohibited in New York?

In 2006, the state of New York implemented the Banking Laws and Regulations that expressly prohibit payday lending. This is because payday loans have high interest rates and fees that can trap borrowers in a cycle of debt.

Payday lenders target those who are struggling to make ends meet or have poor credit scores and offer loans with very high-interest rates, usually between 300-400%. Payday loans also have an extremely short repayment period of two weeks on average, often leading borrowers to take out another loan to cover the first. This creates a cycle of borrowing, with borrowers paying high fees and interest rates that can reach up to 1000% APR.

What Are the Alternatives to Payday Loans?

Although payday loans are prohibited in New York, there are still alternatives available if you need financing to tide you over until your next paycheck arrives.

  • Personal Loans: Personal loans can be a great alternative if you need cash quickly. These loans have lower interest rates than payday loans and usually have more flexible repayment terms.
  • Credit Cards: If you have good credit, you might be able to apply for a credit card with a low APR and avoid paying high fees and interest rates from payday loans.
  • Friends and Family: Consider asking loved ones for a loan, as this could be a better option than turning to a payday lender. Just make sure to have a clear repayment plan in place.

Interesting Facts About Payday Loans in Hubbardsville, New York

  • Did you know that in 2018, the average payday loan APR in the US was 400%?
  • New York isn’t the only state to ban payday loans. Other states that have prohibited payday loans include New Jersey, Pennsylvania, and Vermont.
  • In New York, payday lenders have been known to try to get around the state’s ban by offering loans online or out-of-state. However, these lenders can still be subject to penalties for violating the state’s Banking Laws and Regulations.

Apply Now with TheGuaranteedLoans

If you’re in need of cash in Hubbardsville, New York, TheGuaranteedLoans is here to help connect you with potential lenders. We are a connector service and not a direct lender, meaning we can facilitate the connection between borrowers and lenders.

Remember, payday loans are prohibited in New York, but there are still alternatives available for your short-term financial needs. Apply now and let us help you find the financing you need.

F.A.Q.

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

It is illegal for lenders to offer payday loans in Hubbardsville, New York, so borrowers cannot be charged with a crime for taking out a payday loan. However, lenders may face criminal charges for engaging in illegal lending practices.

What should I do if I have already taken out a payday loan in Hubbardsville, New York?

If you have already taken out a payday loan in Hubbardsville, New York, you should contact the lender to try to negotiate a repayment plan. If the lender is unwilling to work with you, you may want to seek out alternative forms of financing or seek legal advice.