Payday Loans in Maryland, New York

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

Company nameAddressZip codePhone number
Port Chester Check Cashing 153 Westchester Ave, Port Chester, NY 10573 +1 (914) 937 - 8620
Colby Financial Guidance of Raymond James 100 Meridian Centre Blvd, Rochester, NY 14618 +1 (585) 274 - 5000
North Country Savings Bank 68 Main St, Saranac Lake, NY 12983 +1 (518) 304 - 1100
North Country Savings Bank 22 Phillips St 24, Massena, NY 13662 +1 (315) 769 - 3566
Community Bank, N.A. 75 Park St, Tupper Lake, NY 12986 +1 (518) 359 - 3344
Liberty Abstract Company of Plattsburgh, Inc. 62 Brinkerhoff St 104, Plattsburgh, NY 12901 +1 (518) 561 - 8238
NBT Bank 13 Division St, Sidney, NY 13838 +1 (607) 561 - 2800
TD Bank 63-54 108th St, Forest Hills, NY 11375 +1 (718) 830 - 0075
Melissa Check Cashing 13507 Liberty Ave, Jamaica, NY 11419 +1 (718) 739 - 4018
Finance Solutions 132 E 43rd St 237, New York, NY 10017 +1 (855) 331 - 4852

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Maryland, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Uniondale, NY, Short-term Loans in Utica, NY, 24-Hour Loan in Valley Stream, NY, Payday Loans in Warwick, NY, Payday Loan for Webster, NY, Payday Loans in West Babylon, NY, Guaranteed Loans in White Plains, NY and No Credit Check Loans in Yonkers, 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 Maryland, NY.

Beautiful sights of Maryland, NY

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

12116

Are Payday Loans Legal In Maryland, 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

Maryland, NY payday loan calculator

Understanding Payday Loans in Maryland and New York

Payday loans can be a quick solution for individuals in need of immediate funds to cover unanticipated expenses. However, it is essential to be aware of the laws and regulations surrounding these types of loans, especially in states like Maryland and New York.

Payday Loans in Maryland

In Maryland, payday loans are legal, and many lenders operate within the state. According to state regulations, lenders must have a permit to provide payday loans, and the maximum amount that can be borrowed is $500. The repayment term for payday loans in Maryland ranges from seven to 31 days, and interest rates must not exceed 33% per annum.

One crucial factor to consider when taking out a payday loan in Maryland is the potential for multiple rollovers or renewals. A payday loan rollover happens when a borrower cannot repay their loan within the initial term and chooses to extend it. If a borrower renews a loan multiple times, they may end up paying a significant amount of interest, leading to a cycle of debt.

Payday Loans in New York

Unlike Maryland, payday loans are prohibited in the state of New York. The New York State Department of Financial Services has strict regulations in place to protect consumers from the pitfalls associated with payday loans. These loans generally have high-interest rates and short repayment terms, which can lead to significant financial hardship for borrowers.

The state of New York strictly prohibits any lender from providing payday loans. This includes both storefront lenders and online lenders. If you are a resident of New York and in need of funds, other options to consider include personal loans or credit cards.

Interesting Facts and Statistics about Payday Loans

  • The average payday loan borrower takes out 10 loans per year.
  • Payday loan borrowers often use the funds to cover everyday expenses like rent, utilities, and food.
  • Average APRs for payday loans in the United States can range from 300% to over 700%.
  • 14 states in the United States prohibit payday loans outright.
  • The payday lending industry generates billions of dollars in revenue each year.

Apply Now with TheGuaranteedLoans

If you are in need of funds in Maryland or other states where payday loans are legal, TheGuaranteedLoans can help connect you with potential lenders. We are a connecting service, not a direct lender, and our aim is to facilitate your connection with lenders who may be able to provide the funds you need.

Please note that payday loans can be a costly form of borrowing, and it is essential to understand the terms and conditions of any loan you are considering. Always ensure that you have a viable repayment plan in place before taking out a payday loan.

If you are considering a payday loan, be sure to use our online platform to fill out an application. Our straightforward process will connect you with potential lenders who can assist with your borrowing needs.

The Bottom Line

Payday loans can be a useful tool for individuals in need of immediate funds to cover unexpected expenses. However, it is crucial to be mindful of the laws and regulations surrounding payday loans in your state. Always ensure you have a viable repayment plan in place before applying for a payday loan.

F.A.Q.

Where can I get more information about payday loans in Maryland, New York?

More information about payday loans in Maryland, New York can be found on the New York State Department of Financial Services website. You can also contact the department directly with any questions or concerns.

Are payday loans available in Maryland, New York?

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