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

Company nameAddressZip codePhone number
PLS Check Cashing 35-5 Junction Blvd, Corona, NY 11368 +1 (718) 672 - 2677
CHALK'S MARINA & BOAT SALES 18221 Reed Point Rd, Fishers Landing, NY 13641 +1 (315) 686 - 5622
CIT Group New York Office 11 W 42nd St, New York, NY 10036 +1 (212) 461 - 5200
PLS Check Cashing Store 169 Port Richmond Ave, Staten Island, NY 10302 +1 (718) 442 - 5330
NBT Bank 54 State St 100, Albany, NY 12207 +1 (518) 426 - 3285
Five Star Bank 102 N Main St, Albion, NY 14411 +1 (585) 589 - 5555
Adirondack Regional Federal Credit Union 23 Smithfield Blvd, Plattsburgh, NY 12901 +1 (518) 562 - 0221
Sneeringer Monahan Provost 50 Chapel St 2, Albany, NY 12207 +1 (518) 434 - 0127
Hudson Financial Services Inc 1249 Pleasantville Rd, Briarcliff Manor, NY 10510 +1 (914) 762 - 4760
Stewart's Federal Credit Union 2907 U.S. 9, Ballston Spa, NY 12020 +1 (518) 581 - 1201

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Marion, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Hicksville, NY, Payday Loans in Huntington, NY, Payday Loans in Huntington Station, NY, Payday Loans in Islip, NY, Online Loans in Ithaca, NY, Payday Loans in Jamestown, NY, Payday 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 Marion, NY.

Beautiful sights of Marion, NY

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

14505

Are Payday Loans Legal In Marion, 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

Marion, NY payday loan calculator

In recent years, payday loans have become a popular way for many Americans to get quick cash when they find themselves facing unexpected expenses. But if you live in Marion, New York, you should know that payday loans are prohibited by state law. While payday loans may seem like a convenient solution to your financial needs, they often come with high interest rates and fees that can lead to a cycle of debt and financial hardship. In this article, we’ll take a closer look at payday loans in Marion, New York, why they are prohibited in the state, and what alternatives you have for getting fast cash when you need it.

Why are payday loans prohibited in New York?

The State of New York has implemented strict laws and regulations to protect consumers from predatory lending practices. According to the New York State Department of Financial Services, payday loans are illegal in New York due to high interest rates and fees that can trap borrowers in a cycle of debt. The state’s usury laws cap interest rates at 25% for loans under $2,500, making it impossible for payday lenders to operate legally in New York. In addition, state regulators have cracked down on illegal online payday lending, making it difficult for lenders to circumvent state laws and prey on vulnerable borrowers.

What are the risks of payday loans?

While payday loans may seem like a quick and easy solution to your financial problems, they often come with high interest rates and fees that can trap you in a cycle of debt. According to the Consumer Financial Protection Bureau, the average payday loan borrower takes out 10 loans per year and spends 199 days in debt, paying $458 in fees and interest. This cycle of debt can lead to financial hardship, stress, and even bankruptcy.

Additionally, payday lenders often target low-income borrowers who are vulnerable to high-pressure sales tactics and have few other options for getting credit. Payday loans can also have a negative impact on your credit score if you are unable to repay the loan on time or are forced to roll over the loan, accruing additional fees and interest.

What are the alternatives to payday loans?

If you’re facing unexpected expenses and need cash fast, there are a number of alternatives to payday loans that you can consider:

  • Credit card cash advance: If you have a credit card with available credit, you can use it to withdraw cash at an ATM or bank.
  • Personal loan: You can apply for an unsecured personal loan from a bank, credit union, or online lender.
  • Installment loan: An installment loan allows you to borrow a larger amount of money and repay the loan in equal monthly payments over a set period of time.
  • Friends and family: You can consider borrowing money from friends or family members who are willing and able to help you out.

Remember, these alternatives may still come with fees and interest rates, so it’s important to read the terms and conditions carefully before you borrow any money.

The bottom line

While payday loans may seem like a quick fix for your financial problems, they come with high interest rates and fees that can lead to a cycle of debt and financial hardship. If you live in Marion, New York, you should know that payday loans are illegal in the state. Instead, consider alternatives like personal loans, installment loans, or borrowing money from friends and family. If you do decide to apply for a loan, be sure to read the terms and conditions carefully and shop around for the best rates and fees.

Interesting facts or statistics about Payday loans in Marion, New York

– Payday loans are illegal in New York due to high interest rates and fees that can trap borrowers in a cycle of debt.

– According to a report by the New Economy Project, nearly 80% of payday loans in New York are re-borrowed within two weeks, indicating a cycle of debt.

– The average payday loan borrower in the United States takes out eight loans per year, spending an average of $520 on interest and fees.

Apply Now

If you need fast cash and are looking for a reliable loan provider, TheGuaranteedLoans can help. As a loan connector service, we work with a network of reputable lenders who can provide you with the cash you need, even if you have bad credit. To get started, simply fill out our quick and easy online application form, and we’ll match you with potential lenders within minutes. Remember, we are not a direct lender, but we can help facilitate your connection with potential lenders. Apply now and get the cash you need today!

F.A.Q.

Are payday loans legal in Marion, New York?

No, payday loans are prohibited in Marion, New York.

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

Some options for short-term financial assistance in Marion, New York include credit union loans, personal loans from banks or online lenders, or borrowing from friends or family.