Payday Loans in Niagara University, 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 Niagara University, NY. Consider companies in other cities:

Company nameAddressZip codePhone number
Funding Easily 348 Coney Island Ave 2016, Brooklyn, NY 11218 +1 (888) 347 - 6424
People's United Bank 295 N Sea Rd, Southampton, NY 11968 +1 (631) 283 - 3800
Mid-Hudson Valley Federal Credit Union 1516 State Rte 55, Lagrangeville, NY 12540 +1 (845) 336 - 4444
K S Finance Corporation 265 W 37th St 202, New York, NY 10018 +1 (212) 730 - 6465
General Revenue Corporation 325 Daniel Zenker Dr, Horseheads, NY 14845 +1 (800) 727 - 9562
Mariner Finance 1020 S Center St Ste. 24, Horseheads, NY 14845 +1 (607) 873 - 7139
M&T Bank 737 Foote Ave, Jamestown, NY 14701 +1 (716) 483 - 4933
M&T Bank 135 Hamburg St, East Aurora, NY 14052 +1 (716) 652 - 6010
Affinity One Federal Credit Union 545 E 2nd St, Jamestown, NY 14701 +1 (716) 483 - 2798
Chase Bank 425 Glen Cove Rd, Roslyn Heights, NY 11577 +1 (516) 621 - 0381

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Niagara University, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Buffalo, NY, Payday Loans in Carmel, NY, Payday Loans in Centereach, NY, Payday Loans in Central Islip, NY, Bad Credit Loans in Cicero, NY, Payday Loans in Clarence, NY, Payday Loan for Clay, NY and Payday Loans in Clifton Park, 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 Niagara University, NY.

Beautiful sights of Niagara University, NY

Are Payday Loans Legal In Niagara University, 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

Niagara University, NY payday loan calculator

Are you considering taking out a payday loan in Niagara University, New York? Unfortunately, this option is not available in the state of New York. While payday loans can seem like a quick solution to financial issues, they come with high interest rates and often trap borrowers in a cycle of debt. If you are in need of short-term financing, there are other options available to you.

What are payday loans?

Payday loans are short-term loans that typically range from $100 to $1,000, although some lenders may offer higher amounts. They are designed to be repaid on the borrower’s next payday, which is generally within two weeks. These loans are often marketed as a quick and easy way to access cash to cover unforeseen expenses or emergencies.

However, payday loans have high interest rates and fees, and many borrowers are unable to pay them back on time. This can lead to a cycle of debt, where borrowers take out additional loans to repay the original loan, creating a cycle of borrowing and indebtedness that is difficult to break.

Why are payday loans prohibited in New York?

New York State bans payday loans because they are considered predatory lending. Lenders often target vulnerable individuals who may not fully understand the terms of the loan agreement, and take advantage of their financial situation. Payday loans have been shown to disproportionately affect low-income communities and people of color, leading to greater financial instability.

New York State laws prohibit lenders from charging more than 25% APR for any loan. Payday lenders, on the other hand, charge interest rates that can reach 400% APR or more. These high interest rates make it difficult for borrowers to repay the loan, trapping them in a cycle of debt and financial instability.

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

There are many alternatives to payday loans that can provide short-term financing without high interest rates and fees. Some options to consider include:

  • Credit unions: Many credit unions offer small-dollar loans with lower interest rates than payday loans.
  • Personal loans: Personal loans from banks or online lenders can provide flexible financing options with lower interest rates than payday loans.
  • Budgeting and expense management: Creating a budget and examining expenses can help you identify areas where you can save money and avoid the need for short-term loans.
  • Credit counseling: Credit counseling agencies can provide free or low-cost counseling and education to help you manage your finances and avoid debt.

Facts about payday loans in Niagara University, New York

  • Payday loans have been illegal in New York State since 2009.
  • New York State laws prohibit lenders from charging more than 25% APR for any loan.
  • In 2016, the Center for Responsible Lending found that the average payday loan in New York State had an interest rate of 400% APR.
  • The Pew Charitable Trusts found that 12 million Americans take out payday loans each year, with an average loan amount of $375.

Apply Now

If you are in need of short-term financing, TheGuaranteedLoans can help connect you with potential lenders. We are a connector service, not a direct lender, and work to match borrowers with reputable lenders who may be able to provide the financing they need. Fill out our online application today to get started.

Remember, payday loans are not available in New York State. Consider alternative options and carefully review all loan terms and fees before borrowing.

F.A.Q.

What are the penalties for offering or taking out a payday loan in Niagara University, New York?

Offering or taking out a payday loan in Niagara University, New York is considered a criminal offense and can result in fines and imprisonment.

Are there any exceptions to the payday loan prohibition in Niagara University, New York?

No, there are no exceptions to the payday loan prohibition in Niagara University, New York.