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

Company nameAddressZip codePhone number
Sterling National Bank 155 Jericho Turnpike, Floral Park, NY 11001 +1 (516) 488 - 2400
NBT Bank of South Glens Falls 110 Main St, South Glens Falls, NY 12803 +1 (518) 798 - 2180
North Country Savings Bank 22 Phillips St 24, Massena, NY 13662 +1 (315) 769 - 3566
First Priority Mortgage Inc 2333 N Triphammer Rd 101, Ithaca, NY 14850 +1 (607) 257 - 6767
KeyBank 5737 S Transit Rd, Lockport, NY 14094 +1 (716) 625 - 6007
Glenn Fischer - Raymond James 401 Franklin Ave, Garden City, NY 11530 +1 (516) 342 - 4100
Gold & Silver For Cash 67 Genesee St, Avon, NY 14414 +1 (585) 226 - 9111
Capital One Bank 82 E Main St, Smithtown, NY 11787 +1 (631) 724 - 4500
Berkshire Bank ATM 6788 Northern Blvd, East Syracuse, NY 13057 +1 (315) 432 - 8423
Credit Cash 505 Park Ave, New York, NY 10022 +1 (212) 688 - 2600

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Maine, NY, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in East Meadow, NY, Payday Loan Companies in Eastchester, NY, Payday Loans in Elmont, NY, Guaranteed Loans in Franklin Square, NY, Payday Loans in Freeport, NY, Payday Loans in Guilderland, NY, Payday Loans in Hamburg, NY and Payday Loans in Haverstraw, 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 Maine, NY.

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

13766, 13802

Are Payday Loans Legal In Maine, 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

Maine, NY payday loan calculator

Payday Loans in Maine and New York: What You Need to Know

If you’re living paycheck to paycheck, unexpected expenses or emergencies can be a major cause of concern. These situations can leave you in dire need of cash and desperate for a solution. In such situations, payday loans seem like a quick fix to your problems.

However, if you live in either Maine or New York, the rules and regulations surrounding payday loans are quite different. If you’re considering taking out a payday loan, you need to be aware of the laws in your area.

The Legality of Payday Loans in Maine and New York

In Maine, payday loans are legal. The state has implemented strict laws and regulations to govern payday lending. As a borrower, you’re protected against unscrupulous lenders who are looking to take advantage of your financial vulnerability.

New York, on the other hand, has bans payday loans altogether. This is due to the high-interest rates that come with payday loans. New York law prohibits loans with interest rates above 25%, which effectively shuts down the payday lending industry.

Why Payday Loans are Prohibited in New York

The high interest rates associated with payday loans have caused financial hardship for many borrowers throughout the country. In New York, the state government took steps to enact its financial laws, prohibiting payday loans to prevent lenders from taking advantage of those struggling financially.

The interest rates on payday loans are often in the triple digits, which can make it challenging to repay the debt. Payday loans are designed to be short-term loans to cover a borrower’s expenses until their next paycheck. However, the high interest rates and fees associated with these loans can easily snowball into debt larger than the original loan.

The Risks of Taking Out a Payday Loan in Maine

While payday loans are technically legal in Maine, they come with significant risks. Interest rates on payday loans in Maine can reach as high as 261%, which can leave borrowers with little chance of paying the loan back by the due date.

Borrowers can also fall prey to unscrupulous lenders who intentionally trap them in a cycle of debt. In Maine, loans have a maximum term of 31 days and a maximum amount of $2,000. Lenders are also required to fully disclose all interest rates, fees and terms of the loan.

Interesting Facts and Statistics About Payday Loans

  • Payday loans are heavily regulated in 18 states in the US.
  • Payday loans have an average interest rate of 400%.
  • Approximately 12 million Americans use payday loans each year.
  • The payday lending industry is worth approximately $9 billion in the US.

Applying for a Loan with TheGuaranteedLoans

If you’re living in Maine and you need a payday loan, then you have a few options. You can either apply to a direct lender or work with a loan connector service like TheGuaranteedLoans.

As a loan connector service, TheGuaranteedLoans will connect you with potential lenders. Instead of having to shop around to multiple lenders to find the best rates and terms, TheGuaranteedLoans will facilitate the process, making it easier and less time-consuming for you.

Keep in mind that TheGuaranteedLoans is not a lender. The platform receives loan applications from borrowers and forwards them to their network of lenders. If a borrower is approved for a loan, then they will receive their funds and work out the repayment terms directly with their lender.

Conclusion

While payday loans may seem like an easy solution to your financial problems, they come with significant risks and high interest rates. And if you live in New York, payday loans are completely illegal. If you’re living in Maine and need a payday loan, make sure to work with a reputable lender or connector service like TheGuaranteedLoans, who will work to get you the best rates and terms for your situation.

Apply now to TheGuaranteedLoans and receive a competitive payday loan offer from our network of lenders.

F.A.Q.

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

Consumers in Maine, 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 Maine, New York?

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