Payday Loans in Penfield, 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.

Payday Loan Companies in Penfield, NY

Company nameAddressZip codePhone number
Canandaigua National Bank & Trust 1816 Penfield Rd 14526 +1 (585) 899 - 4653
Citizens Bank 2200 Penfield Rd 14526 +1 (585) 377 - 2330
ESL Federal Credit Union 2059 Fairport Nine Mile Point Rd 14526 +1 (585) 336 - 1000
Jeff Sharman - Raymond James 421 Penbrooke Dr 14526 +1 (585) 364 - 3249
KeyBank 2155 Penfield Rd 14526 +1 (585) 377 - 1730
M&T Bank 2201 Penfield Rd 14526 +1 (585) 388 - 0140
The Summit Federal Credit Union 2146 Penfield Rd 14526 +1 (800) 836 - 7328

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Penfield, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Poughkeepsie, NY, Payday Loans in Riverhead, NY, Payday Loans in Rochester, NY, Payday Loans in Rome, NY, Payday Loan Companies in Rye, NY, No Credit Check Loans in Schenectady, NY, Bad Credit Loans in Smithtown, NY and Payday Loans in Southampton, 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 Penfield, NY.

Beautiful sights of Penfield, NY

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

14526

Are Payday Loans Legal In Penfield, 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

Penfield, NY payday loan calculator

Payday Loans in Penfield, NY

Payday loans are a type of short-term loan meant to provide quick cash to borrowers before their next paycheck. This type of loan may be helpful in cases of emergency expenses, such as medical bills or car repairs. Unfortunately, payday loans are not permitted in New York. Although they are illegal, they still exist and are available to residents in Penfield, NY.

What are Payday Loans?

Payday loans are short-term, high-cost loans designed to be used as a last resort for consumers in need of emergency money. They typically come with a high interest rate and may require borrowers to repay the entire loan, often within a few weeks or months. The loans are usually secured by a post-dated check, electronic access to the borrower’s bank account, or authorization to withdraw funds directly from the borrower’s paycheck.

Are Payday Loans Illegal in New York?

Yes. New York State has completely banned payday loans, which means that lenders and borrowers in Penfield, NY cannot legally participate in such a transaction. Even if a payday loan lender is based in another state and the loan is offered online, the transaction is still considered illegal.

What Alternatives are Available to Penfield Residents?

Despite the ban on payday loans in New York, Penfield residents who need quick cash still have options. The following are some of the most popular alternatives to payday loans:

Personal Loans

Personal loans are available from banks, credit unions and other lenders. Personal loans come with a fixed interest rate and, depending on the lender, may have more flexibility than payday loans, including the ability to repay in monthly installments over a longer period of time.

Credit Cards

Credit cards can also be used to borrow money in the form of cash advances. Although these cash advances come with high interest rates, they may be less expensive than payday loans and offer more flexibility in repayment.

Cash Advances from Employers

Some employers offer cash advances to their employees, though the terms and interest rates vary. Some employers may also offer payroll advances, which allow employees to receive their paychecks early, which can help to bridge the gap between pay periods.

Borrowing from Friends or Family

If all else fails, Penfield residents can borrow from friends or family. Although this solution may not be ideal for everyone, it can be a viable option for those who need quick cash and can trust the other party to repay the loan.

Frequently Asked Questions

Is it possible to get a payday loan in Penfield, NY?

No. Payday loans are illegal in New York, which means that they cannot be offered to borrowers in Penfield, NY.

What are some alternatives to payday loans?

Borrowers in Penfield, NY can explore alternatives such as personal loans, credit cards, cash advances from employers, and borrowing from friends and family.

Apply Now

If you are in need of quick cash, TheGuaranteedLoans can help. We are not a lender, but we can connect you with lenders who can provide you with the cash you need. Just click the “Apply Now” button to get started. We look forward to helping you.

More F.A.Q.

Can I be charged with a crime for taking out an illegal payday loan in Penfield, New York?

No, taking out an illegal payday loan in Penfield, New York is not a crime. However, the lender may face legal consequences for offering illegal loans.

Can I be sued for not paying back an illegal payday loan in Penfield, New York?

No, you cannot be sued for not paying back an illegal payday loan in Penfield, New York.

How Many Cash Advance Companies are in Penfield, NY?

With the help of our service, you will be able to find 7 cash advance companies in Penfield, NY

What Cash Advance Companies in Penfield, NY are the most popular?

You should check Canandaigua National Bank & Trust, Citizens Bank, and ESL Federal Credit Union. Also, you can start your application online on our website.