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

Company nameAddressZip codePhone number
Tioga State Investment Services 1430 Front St, Binghamton, NY 13901 +1 (607) 722 - 4140
Sherri Forbes At Homestead Funding 84 Dierdre Dr, Rochester, NY 14617 +1 (585) 733 - 3889
Beta Abstract LLC. 3115 Long Beach Rd 2, Oceanside, NY 11572 +1 (516) 208 - 8707
Bryant Weintraub - Ameriprise Financial Services, LLC 200 Broadhollow Rd Ste 302, Melville, NY 11747 +1 (800) 980 - 2220
CFSC Checks Cashed 358 W 145th 358 W 145th St, New York, NY 10039 +1 (212) 368 - 1657
M&T Bank 1621 South Ave, Syracuse, NY 13207 +1 (315) 476 - 1286
Quick Capital 53 E Merrick Rd, Freeport, NY 11520 +1 (516) 596 - 8558
Jackson Hewitt Tax Service 833 Blooming Grove Turnpike, New Windsor, NY 12553 +1 (800) 234 - 1040
RBC Wealth Management Branch - Watertown 19485 US-11, Watertown, NY 13601 +1 (315) 788 - 4200
Fulton Savings Bank 7471 State Fair Bl Route 48, Baldwinsville, NY 13027 +1 (315) 638 - 0293

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Mallory, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Companies in Niagara Falls, NY, Payday Loan Companies in North Tonawanda, NY, Bad Credit Loans in Oceanside, NY, Payday Loan Companies in Ossining, NY, Guaranteed Loans in Oyster Bay, NY, No Credit Check Loans in Penfield, NY, Payday Loan Without a Credit Check in Poughkeepsie, NY and Payday Loans in Riverhead, 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 Mallory, NY.

Are Payday Loans Legal In Mallory, 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

Mallory, NY payday loan calculator

Payday Loans in Mallory, New York

If you’re in need of quick cash, you may be tempted to turn to a payday loan. However, if you’re in Mallory, New York, this may not be an option for you. Payday loans are prohibited in New York, including Mallory. In this article, we’ll explore why payday loans are banned in the state and what alternatives you can consider if you need money fast.

Why Are Payday Loans Prohibited in New York?

New York is one of 14 states, along with the District of Columbia, that prohibit payday lending. The state has long recognized the predatory nature of payday loans, which are often marketed to vulnerable populations with limited financial resources, and the high interest rates that come with them.

In 2006, the New York Department of Financial Services (DFS) conducted an investigation into payday lending practices in the state. The report found that payday loans had an average annual interest rate of 400%, well above the state’s usury cap of 25%. Furthermore, many borrowers were trapped in a cycle of debt, taking out new loans to pay off old ones and incurring additional fees and interest charges in the process.

Based on the findings of the report, New York passed landmark legislation in 2014 that effectively banned payday loans in the state. The law prohibits lenders from offering loans with an annual interest rate over 25%, effectively making payday lending illegal.

Alternatives to Payday Loans

If you’re in need of quick cash and payday loans are not an option, there are several alternatives you can consider. Here are a few:

Personal Loans: Personal loans are a common type of unsecured loan that you can use for a variety of purposes, including emergency expenses. Unlike payday loans, personal loans typically have lower interest rates and longer repayment terms, making them a more affordable option.

Overdraft Protection: If you have a checking account, you may be able to sign up for overdraft protection. This allows you to overdraw your account up to a certain limit, and the bank will cover the shortfall for a fee. While overdraft fees can be high, they are typically lower than the interest rates and fees associated with payday loans.

Credit Cards: If you have a credit card with available credit, you can use it to pay for emergency expenses. While credit cards also have high interest rates, they typically offer a grace period before interest starts accruing, giving you time to pay off the balance without incurring additional fees.

Interesting Facts about Payday Loans in New York

According to a study by the Pew Charitable Trusts, 12 million Americans take out payday loans each year, with the average borrower taking out eight loans of $375 each annually. Furthermore, the study found that most borrowers are low-income individuals who use payday loans to cover basic living expenses.

In New York, the average cost of a payday loan is 370%, compared to an average credit card APR of 17%. The state’s usury cap of 25% effectively prohibits payday lending in the state, helping to protect consumers from predatory lending practices.

Apply Now

If you’re in need of quick cash and payday loans are not an option, TheGuaranteedLoans can help. Our online application process is fast and easy, and we work with a network of trusted lenders to help you find the right loan for your needs. Please note that TheGuaranteedLoans is a connector service, not a direct lender. We will facilitate your connection with potential lenders and help you compare loan offers to find the best one for you.

To Apply:

  • Visit TheGuaranteedLoans website.
  • Fill out our online application form.
  • Get matched with lenders in our network.
  • Compare loan offers and choose the one that’s right for you.
  • Receive your funds in as little as one business day.

Conclusion

Payday loans are prohibited in Mallory, New York, and the state as a whole. However, there are several alternatives you can consider if you need quick cash, including personal loans, overdraft protection, and credit cards. If you’re in need of a loan, TheGuaranteedLoans can help connect you with lenders who can provide the funds you need.

F.A.Q.

Can I get a payday loan with bad credit in Mallory, New York?

No, payday loans are not available in Mallory, New York regardless of credit history.

Can I get a payday loan without a checking account in Mallory, New York?

No, payday loans are not available in Mallory, New York regardless of banking status.