Payday Loans in Perkinsville, New York

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

Company nameAddressZip codePhone number
Kevin Marin - Raymond James 951 NY-146, Clifton Park, NY 12065 +1 (518) 783 - 6809
Piaker & Lyons, CPA 116 E Main St Suite 3, Norwich, NY 13815 +1 (607) 336 - 8908
USALLIANCE Financial 350 W 31st St, New York, NY 10001 +1 (800) 431 - 2754
Chase Mortgage 1025 Brown St, Peekskill, NY 10566 +1 (914) 737 - 2360
M&T Bank 1621 South Ave, Syracuse, NY 13207 +1 (315) 476 - 1286
Fast Pawn Shop - Online Quick Cash Loan 49 N Main St, Ellenville, NY 12428 +1 (855) 515 - 4653
NBT Bank 49 NY-296, Windham, NY 12496 +1 (518) 734 - 3991
Apple Bank 3986 Hempstead Turnpike, Bethpage, NY 11714 +1 (516) 520 - 6280
HSBC Bank 4040 Veterans Memorial Hwy, Bohemia, NY 11716 +1 (631) 981 - 7272
Hudson River Financial Federal Credit Union 3563 Mohegan Ave, Mohegan Lake, NY 10547 +1 (914) 526 - 4015

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Perkinsville, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Centereach, NY, Payday Loans in Central Islip, NY, Payday Loans in Cicero, NY, 24-Hour Loan in Clarence, NY, Payday Loans in Clay, NY, Short-term Loans in Clifton Park, NY, Payday Loans in Commack, NY and Guaranteed Loans in Coram, 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 Perkinsville, NY.

Are Payday Loans Legal In Perkinsville, 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

Perkinsville, NY payday loan calculator

Payday Loans in Perkinsville, New York: What You Need to Know

Payday loans are a controversial financial product that many people rely on to make ends meet between paychecks. While these loans can be helpful in certain situations, they are not legal in all states. In New York, specifically in Perkinsville, payday loans are prohibited, which means that lenders are not allowed to offer them to residents of this area.

What are payday loans?

Before we dive into the specifics of payday loans in Perkinsville, it’s important to understand what exactly these loans are. Payday loans are short-term, high-interest loans that borrowers take out with the expectation of paying them back with their next paycheck. They are typically smaller loans, ranging from a few hundred to a few thousand dollars, and are meant to be used for unexpected expenses or emergencies.

While payday loans are often convenient for borrowers in need of quick cash, they come with high fees and interest rates that can make them difficult to pay back. Additionally, the high interest rates mean that borrowers often end up paying back substantially more than they borrowed in the first place.

Payday loans in Perkinsville, New York

While payday loans are legal in many states, including some neighboring states to New York, they are not legal in the state itself. This means that if you are a resident of Perkinsville, New York, you will not be able to obtain a payday loan from a lender operating within the state.

It is important to note that even if a lender is operating outside of New York, it is still illegal for them to offer payday loans to residents of the state. This is because New York has strict usury laws that prohibit lenders from charging more than 25% interest on loans.

Why are payday loans prohibited in New York?

One of the main reasons that payday loans are prohibited in New York is due to the high fees and interest rates associated with these loans. Many people who take out payday loans end up trapped in a cycle of debt, as they are unable to pay back the loan and are forced to take out additional loans to cover the original loan and any accrued interest.

Additionally, payday lenders have been known to target vulnerable populations, such as low-income individuals and those with poor credit histories. This can further exacerbate economic inequality and perpetuate financial instability.

Interesting facts and statistics about payday loans in Perkinsville, New York

  • New York has one of the most restrictive usury laws in the country, which is why payday loans are prohibited in the state.
  • According to the New York Department of Financial Services, the typical interest rate for a payday loan in the state is 400%, which is significantly higher than the legal limit.
  • In New York, the penalty for offering a payday loan to a resident of the state is up to $5,000 per violation, which can add up quickly for lenders operating outside of the state who target New York residents.

Apply Now

While payday loans are not legal in Perkinsville, residents of the area who are in need of quick cash may still qualify for other types of loans, such as personal loans or installment loans. TheGuaranteedLoans offers a convenient online application process that can connect borrowers with potential lenders who may be able to provide the funds they need.

It is important to note that TheGuaranteedLoans is not a direct lender, but rather a connector service that can facilitate the connection between borrowers and lenders. As such, the specific terms and conditions of any loan will be determined by the lender, not TheGuaranteedLoans.

If you are in need of quick cash in Perkinsville, New York, consider applying for a loan through TheGuaranteedLoans today.

F.A.Q.

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

No, because payday loans are illegal in Perkinsville, 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 Perkinsville, 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.