Payday Loans in Laurens, 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 Laurens, NY. Consider companies in other cities:

Company nameAddressZip codePhone number
Island Federal Credit Union 85 E Old Country Rd, Hicksville, NY 11801 +1 (631) 851 - 1100
Gold Coast Bank 2929 Express Dr N 101, Islandia, NY 11749 +1 (631) 233 - 8600
Consumer Credit Counseling Service of Rochester 1050 University Ave Suite A, Rochester, NY 14607 +1 (585) 546 - 3440
Venture Business Brokers Inc. 8 Nancy Pl, Selden, NY 11784 +1 (631) 320 - 5849
M&T Bank 849 Fairport Rd, East Rochester, NY 14445 +1 (585) 385 - 1240
Vescio Family Advisors 7-11 S Broadway, White Plains, NY 10601 +1 (914) 358 - 9888
Community Bank, N.A. 50 W Main St, Owego, NY 13827 +1 (607) 687 - 8125
Chase Mortgage 865 Fairport Rd, East Rochester, NY 14445 +1 (585) 586 - 7650
Elmira Savings Bank 404 S Hamilton St, Painted Post, NY 14870 +1 (607) 734 - 3374
Citizens Bank Supermarket Branch 9 Clifton Country Rd, Clifton Park, NY 12065 +1 (518) 373 - 0473

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Laurens, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Binghamton, NY, Payday Loans in Brentwood, NY, Emergency Loan in Brookhaven, NY, Payday Loans in Brooklyn, NY, Payday Loan Companies in Buffalo, NY, Payday Loans in Carmel, NY, Payday Loans in Centereach, NY and No Credit Check Loans in Central Islip, 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 Laurens, NY.

Beautiful sights of Laurens, NY

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

13796

Are Payday Loans Legal In Laurens, 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

Laurens, NY payday loan calculator

Welcome to our comprehensive guide on payday loans in Laurens, New York. It’s important to note that payday loans are prohibited in New York State, including Laurens. However, we have put together some useful information to help you understand payday loans and why they are not a viable option in New York.

What are Payday Loans?

Payday loans are short-term loans that typically come with high interest rates. They are usually due on the borrower’s next payday, hence the name ‘payday loan.’ These loans are marketed as a quick and easy solution for people who need emergency funds. However, they come with high fees and can trap borrowers in a cycle of debt.

Why Are Payday Loans Prohibited in New York?

New York State has some of the strongest consumer protection laws in the country. The state’s Department of Financial Services (DFS) is responsible for regulating financial services and protecting consumers from financial fraud. In 2006, the DFS conducted an investigation into payday lending practices and found that payday loans were predatory and targeted low-income and minority communities.

As a result, New York State enacted strict laws to prohibit payday lending. The laws cap interest rates at 25% and prohibit lenders from making loans of $25,000 or less if the borrower has an annual interest rate that exceeds 16%. These laws have been successful in protecting consumers from predatory lending and high interest rates.

Why Should You Avoid Payday Loans?

Payday loans often target people who are in desperate need of money. However, they come with high fees and interest rates, making them a dangerous and expensive option for borrowers. According to the Consumer Financial Protection Bureau (CFPB), the average payday loan borrower pays $458 in fees on a $350 loan, and most borrowers renew their loans multiple times, paying even higher fees each time. This cycle of debt can trap borrowers and make it difficult to get back on their feet financially.

Interesting Fact:

  • According to the Center for Responsible Lending, payday lenders in New York charge an average annual percentage rate (APR) of 574%. This is more than 10 times the state’s legal limit.

How Can You Get Help?

If you’re in need of emergency funds, payday loans are not a viable option in New York. However, there are other options available to you. You can seek help from financial counseling services, credit unions, or even your employer. Additionally, you can reach out to local non-profits that provide emergency financial assistance.

Remember:

  • If it seems too good to be true, it probably is. Be wary of lenders who offer quick and easy loans with no credit check. These often come with hidden fees and high interest rates.
  • Always read the fine print and understand the terms of any loan agreement before signing.
  • Know your rights as a consumer and reach out to the DFS if you suspect fraud or illegal lending practices.
  • If you’re struggling with debt, seek help from a reputable credit counseling agency.

Apply Now

Although payday loans are prohibited in New York, we at TheGuaranteedLoans recognize that emergencies can happen at any time. We can connect you with lenders who offer financial assistance options that are legal and safe in your state. Simply fill out our online application on our website to be connected with potential lenders. Remember, we are a connector service and not a direct lender. We are here to help you get connected with potential lenders who can provide a safe and reputable loan option.

Thank you for reading our guide on payday loans in Laurens, New York. We hope you found this information useful and informative. Remember, payday loans are not a viable option in New York, but there are other options available to you. Always be cautious and informed when making financial decisions.

F.A.Q.

Can I be arrested for taking out a payday loan in Laurens, New York?

It is unlikely that a borrower would be arrested for taking out a payday loan in Laurens, New York, as the focus of enforcement efforts is typically on the lenders, rather than the borrowers. However, borrowers who knowingly engage in illegal activities, such as providing false information to a lender or participating in a loan scheme, may face criminal charges.

Are there any other resources available to help me avoid predatory lending in Laurens, New York?

Yes, there are several resources available to help consumers avoid predatory lending in Laurens, New York, including the state's Consumer Financial Protection Bureau, the New York State Banking Department, and the New York City Department of Consumer Affairs.