Payday Loans in New York Mills, New York

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No payday loan companies in New York Mills, NY. Consider companies in other cities:

Company nameAddressZip codePhone number
PCSB Bank - Mahopac Branch 150 US-6, Mahopac, NY 10541 +1 (845) 628 - 1313
TD Bank 51 Main St, Warwick, NY 10990 +1 (845) 986 - 6011
Hudson River Community Credit Union 312 Palmer Ave, Corinth, NY 12822 +1 (518) 886 - 3400
KeyBank 138 NY-104, Oswego, NY 13126 +1 (315) 342 - 2248
Hudson Valley Credit Union 2373 U.S. 9, Poughkeepsie, NY 12601 +1 (845) 463 - 3011
Walmart Money Center 2 Gannett Dr, Johnson City, NY 13790 +1 (607) 240 - 5040
TIAA Financial Services 131 E Green St Suite 4, Ithaca, NY 14850 +1 (866) 842 - 3517
PLS Check Cashing Store 169 Port Richmond Ave, Staten Island, NY 10302 +1 (718) 442 - 5330
Ocean Financial Federal Credit Union 4050 Merrick Rd, Seaford, NY 11783 +1 (516) 620 - 8100
Charles Schwab 1250 Pittsford Victor Rd bldg 200 suite 190, Pittsford, NY 14534 +1 (800) 435 - 4000

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in New York Mills, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Central Islip, NY, Payday Loans in Cicero, NY, Emergency Loan in Clarence, NY, Payday Loan Without a Credit Check in Clay, NY, Emergency Loan in Clifton Park, NY, Guaranteed Loans in Commack, NY, Payday Loans in Coram, NY and Emergency Loan in East Meadow, 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 New York Mills, NY.

Beautiful sights of New York Mills, NY

Payday Loans Available in New York Mills, NY By The Following ZIP Codes:

13417, 13495

Are Payday Loans Legal In New York Mills, 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

New York Mills, NY payday loan calculator

Understanding Payday Loans in New York Mills, New York

Payday loans are a popular type of short-term loan that can be very tempting to those going through a rough financial patch. These loans provide quick cash to borrowers who are looking to make ends meet until their next payday. While payday loans remain legal in many states, they are strictly prohibited in New York State, New York City, and therefore, New York Mills, New York.

What is a payday loan and how does it work?

A payday loan is a type of short-term loan that a borrower can take out for a period of two weeks to one month. These loans are often used by people who are in need of quick cash to cover unexpected expenses or emergencies such as a car repair or medical bills.

The process to apply for a payday loan is relatively simple. The borrower fills out an application and usually provides a postdated check for the amount of the loan plus the finance charge. The lender then provides the borrower with the loan amount, minus the finance fee. On the due date of the loan, the borrower can either pay the full amount of the loan plus the finance charge or allow the lender to cash the postdated check.

Why are payday loans prohibited in New York Mills?

Payday loans are prohibited in New York State because of the state’s usury laws. These laws limit the amount of interest that can be charged on a loan. In New York, the maximum interest rate for a loan is 25%. Payday lenders typically charge much higher interest rates, often in the triple digits, which is why they are illegal in the state.

New York has taken proactive measures to protect its citizens from predatory lending practices. In addition to banning payday loans, the state has also prohibited other high-cost loan products such as car title loans and installment loans with interest rates above 16%. These laws help to ensure that borrowers in New York are not taken advantage of by unscrupulous lenders.

Interesting Fact:

  • New York was the first state to implement a usury law, dating back to 1787.

What are the alternatives to payday loans in New York Mills?

While payday loans are not an option in New York Mills, there are other options available for those looking for quick cash. Some alternatives include:

  • Credit union loans: Credit unions are member-owned financial cooperatives that offer loans to their members at lower interest rates than traditional banks.
  • Personal loans: Personal loans can be obtained through banks, credit unions or online lenders. These loans typically have lower interest rates and longer repayment terms than payday loans.
  • Credit card cash advances: While not ideal, credit card cash advances can be a cheaper alternative to payday loans as they typically have lower interest rates.

Apply Now

If you are in need of a loan, TheGuaranteedLoans can help you connect with potential lenders who offer personal loans. Our online application process is fast and easy. Please note that TheGuaranteedLoans is not a direct lender but rather a connector service that can help match you with a lender that fits your needs and financial situation.

Apply now and see how TheGuaranteedLoans can help you with your financial needs.

F.A.Q.

Can I be sued or have my wages garnished if I default on a payday loan in New York Mills, New York?

No, because payday loans are illegal in New York Mills, New York, lenders cannot sue borrowers or garnish their wages for non-payment.

Are there any protections for borrowers who take out illegal payday loans in New York Mills, New York?

Yes, the state of New York has established several protections for borrowers who may be misled or exploited by illegal payday lenders. These include the right to cancel a loan within five days, the right to dispute any charges or fees, and the right to seek legal assistance.