Payday Loans in Meridian, New York

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

Company nameAddressZip codePhone number
Solid Bank 41 W Merrick Rd, Valley Stream, NY 11580 +1 (516) 837 - 9584
JBC Mortgage 1042 Suffolk Ave, Brentwood, NY 11717 +1 (631) 813 - 2802
Hudson Valley Credit Union 6 Schuyler Blvd, Fishkill, NY 12524 +1 (845) 463 - 3011
The Loan Source, Inc 353 E 83rd St, New York, NY 10028 +1 (800) 492 - 6825
ATM Bedford Shell Services Center 848 S Bedford Rd, Bedford, NY 10506
Dean White Abstracting 15 Fairview Ln, Hudson Falls, NY 12839 +1 (518) 747 - 9746
Flagstar Bank Home Loans 888 Veterans Memorial Hwy 420, Hauppauge, NY 11788 +1 (866) 372 - 6650
People's United Bank 351 Pantigo Rd, East Hampton, NY 11937 +1 (631) 324 - 2000
Chase Mortgage 861 Montauk Hwy, Oakdale, NY 11769 +1 (631) 589 - 0171
Raymond James Financial Services 9505 Main St, Clarence, NY 14031 +1 (716) 759 - 0800

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Meridian, NY, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Eastchester, NY, Bad Credit Loans in Elmont, NY, 24-Hour Loan in Franklin Square, NY, Payday Loans in Freeport, NY, Payday Loans in Guilderland, NY, Payday Loan for Hamburg, NY, Emergency Loan in Haverstraw, NY and Payday Loan Without a Credit Check in Hempstead, 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 Meridian, NY.

Beautiful sights of Meridian, NY

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

13113

Are Payday Loans Legal In Meridian, 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

Meridian, NY payday loan calculator

Payday Loans in Meridian, New York

Payday loans are a type of short-term loan that is typically used to cover unexpected expenses. These loans are usually due on the borrower’s next payday, which is why they are called payday loans. However, in Meridian, New York, payday loans are prohibited by law.

If you’re looking for a small loan to cover unexpected expenses in Meridian, payday loans are not an option. However, there are other types of loans that you can consider.

What are Payday Loans?

Payday loans are a type of short-term loan that typically has a high-interest rate. These loans are usually due on the borrower’s next payday, which is why they are called payday loans. They are often used to cover unexpected expenses like car repairs or medical bills. Payday loans are easy to get and are usually approved quickly, but they come with high fees and interest rates that can quickly add up.

Why are Payday Loans Prohibited in Meridian, New York?

New York State has strict laws regulating payday loans. Payday lending is illegal in New York, and that includes Meridian. In New York, the interest rate on a loan cannot exceed 25%. Payday loans typically have much higher interest rates, making them illegal in New York.

The laws are in place to protect consumers from predatory lending practices. These loans often target low-income individuals who are in desperate need of money. The high fees and interest rates make it difficult for borrowers to repay the loan, and they can quickly become trapped in a cycle of debt.

What Are the Alternatives to Payday Loans in Meridian, New York?

There are several alternatives to payday loans that are available in Meridian, New York. Here are some options:

  • Personal loans: Personal loans are a good option for those who have good credit. They have lower interest rates than payday loans and typically have longer repayment terms. However, the application process can take longer, and not everyone is eligible for a personal loan.
  • Credit cards: Credit cards are a good option if you need to cover a small expense. If you have good credit, you may be eligible for a credit card with a low-interest rate. However, be careful not to max out your credit card and make sure you can pay off the balance in full each month to avoid paying high-interest rates.
  • Credit counseling: If you’re struggling with debt, a credit counseling agency can help you come up with a debt management plan. They can also help negotiate with your creditors to lower your interest rates and monthly payments.
  • Community assistance programs: There may be community assistance programs in Meridian that can help you cover unexpected expenses. Check with local nonprofits or organizations that offer emergency assistance.

Interesting Facts and Statistics about Payday Loan Usage

  • According to a study conducted by the Consumer Financial Protection Bureau, approximately four out of five payday loans are rolled over within two weeks, meaning that borrowers take out a new loan to pay off the old one.
  • The same study found that more than half of all payday loans are made to borrowers who end up paying more in fees than the amount they borrowed.
  • In some states, the average APR for payday loans can be as high as 400%

Apply Now

If you’re in need of a loan to cover unexpected expenses, consider filling out an application on TheGuaranteedLoans website. We are a connector service, not a direct lender, which means we can connect you with potential lenders who may be able to provide you with the loan you need.

Our application process is easy and straightforward, and you can get a decision in just a few minutes. Remember, it’s important to read and understand the terms of any loan before you agree to it. Make sure you can afford to repay the loan and that you understand all the fees and interest rates associated with it.

In Conclusion

Payday loans are prohibited in Meridian, New York, and for good reason. These loans often come with high fees and interest rates that can trap borrowers in a cycle of debt. Instead, consider alternative options like personal loans, credit cards, or credit counseling. And if you’re in need of a loan, consider filling out an application on TheGuaranteedLoans website. As always, make sure you read and understand the terms of any loan before you accept it.

F.A.Q.

How do I know if a lender is offering illegal payday loans in Meridian, New York?

Lenders offering illegal payday loans in Meridian, New York may not be licensed by the state and may have high interest rates and fees that are not allowed under state law.

What can I do if I have taken out an illegal payday loan in Meridian, New York?

If you have taken out an illegal payday loan in Meridian, New York, you can contact the New York State Department of Financial Services to report the lender and seek assistance in resolving the issue.