Payday Loans in Pine Island, 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 Pine Island, NY. Consider companies in other cities:

Company nameAddressZip codePhone number
Dime Community Bank 2412 Jerusalem Ave, Bellmore, NY 11710 +1 (516) 221 - 6000
Suffolk Federal Credit Union 3681 Horseblock Road, Medford, NY 11763 +1 (631) 924 - 8000
Southern Chautauqua Federal Credit Union 1283 E 2nd St, Jamestown, NY 14701 +1 (716) 665 - 7000
Community Bank, N.A. 5821 Bridge St, East Syracuse, NY 13057 +1 (315) 449 - 0353
TD Bank 2990 Main St, Peru, NY 12972 +1 (518) 643 - 2387
M&T Mortgage 2501 Corning Rd, Elmira, NY 14903
Funding Source Corporation 21 Robert Pitt Dr 214, Monsey, NY 10952 +1 (845) 425 - 5363
Rhinebeck Bank 6414 Montgomery St, Rhinebeck, NY 12572 +1 (845) 876 - 1860
M&T Bank 39 Slayton Ave, Spencerport, NY 14559 +1 (585) 352 - 5100
Frontier Legal Funding 1981 Marcus Ave Suite C129, New Hyde Park, NY 11042 +1 (855) 385 - 3863

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Pine Island, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Hicksville, NY, Payday Loan Without a Credit Check in Huntington, NY, Payday Loans in Huntington Station, NY, Payday Loan Without a Credit Check in Islip, NY, Payday Loans in Ithaca, NY, Payday Loans in Jamestown, NY, Payday Loans in Lancaster, NY and Payday Loans in Levittown, 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 Pine Island, NY.

Beautiful sights of Pine Island, NY

Are Payday Loans Legal In Pine Island, 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

Pine Island, NY payday loan calculator

When it comes to managing our finances, unexpected expenses can often throw us off balance. Whether it’s a medical emergency or a car repair, unexpected costs can strain our budgets and leave us scrambling to make ends meet. For some, payday loans seem like a quick fix to bridge the gap between paychecks. However, in Pine Island, New York, payday loans are prohibited.

What Are Payday Loans?

Payday loans are a type of short-term loan marketed as a solution to help bridge the gap between paychecks. Typically, borrowers provide a post-dated check or authorization to the lender to withdraw the loan amount plus interest on their next payday. These loans usually come with high-interest rates and fees that can add up quickly, making them a costly solution for those with short-term cash needs.

Despite their convenience, payday loans can lead to a cycle of debt for many borrowers. With high-interest rates and fees, the cost of the loan can often exceed the original loan amount, leaving borrowers with a growing debt burden.

In Pine Island, New York, payday loans are prohibited by law. The state has strict regulations in place to protect consumers from predatory lending practices and ensure that lenders follow fair lending practices.

Why Are Payday Loans Prohibited in Pine Island, New York?

New York state law prohibits payday loans because the high-interest rates and fees associated with these types of loans can be harmful to borrowers and lead to a cycle of debt.

Instead, payday borrowers in Pine Island and throughout New York state have access to other forms of credit, such as installment loans or personal loans, which are available from banks, credit unions, and online lenders. These loans typically come with lower interest rates and fees and more flexible repayment terms than payday loans.

The Dangers of Payday Loans

While payday loans may seem like a quick fix for short-term cash needs, the reality is that they can often lead to a cycle of debt. Many borrowers find themselves taking out loan after loan to make ends meet, paying high-interest rates and fees in the process.

Payday loans can also have a negative impact on borrowers’ credit scores. Because these loans are typically reported to credit bureaus, late or missed payments can show up on a borrower’s credit report and lower their credit score.

Alternative Forms of Credit

Fortunately, there are alternative forms of credit available to Pine Island residents in need of short-term cash. Personal loans and installment loans, for example, are available from banks, credit unions, and online lenders and often come with more flexible repayment terms and lower interest rates than payday loans.

Additionally, many credit unions and nonprofit organizations offer small-dollar loan programs to help individuals and families in need of short-term credit. These programs can often provide loans with lower interest rates and fees and more flexible repayment terms than payday loans.

Interesting Facts About Payday Loans in New York

  • New York state caps interest rates on loans of up to $250,000 at 25% per annum.
  • In 2019, New York state regulators sent cease-and-desist letters to 35 online lenders operating in the state, many of which were offering illegal payday loans to consumers.
  • In 2020, the New York Department of Financial Services launched an investigation into several online lenders that were advertising loans with interest rates of up to 1,369%

Apply Now with TheGuaranteedLoans

While payday loans may be prohibited in Pine Island, New York, that doesn’t mean that you don’t have options. At TheGuaranteedLoans, we are committed to helping borrowers connect with lenders who can provide the funds they need.

As a connector service, we work with a network of lenders to match borrowers with the best loan options available to them. Whether you’re in need of a personal loan, installment loan, or other form of credit, we can help you find the right lender to meet your needs.

Applying for a loan through TheGuaranteedLoans is fast, easy, and secure. Simply fill out our online application and we’ll connect you with lenders who are ready to help.

Remember, TheGuaranteedLoans is a connector service, not a direct lender. We do not make loan decisions or fund loans directly. Instead, we work to connect borrowers with lenders who can meet their needs.

The Bottom Line

In Pine Island, New York, payday loans are prohibited by law, but that doesn’t mean that you’re out of options if you need short-term cash. With alternative forms of credit available, such as personal loans and installment loans, you can find the help you need to make ends meet.

At TheGuaranteedLoans, we’re here to help you find the right lender for your needs. Whether you’re in need of funds to cover unexpected expenses or simply need help making ends meet between paychecks, we’re here to connect you with lenders who can help.

F.A.Q.

Can I still be charged fees on a payday loan in Pine Island, New York?

No, you cannot be charged fees on a payday loan in Pine Island, New York because these loans are illegal in the state.

Can I be evicted from my home for taking out a payday loan in Pine Island, New York?

No, you cannot be evicted from your home for taking out a payday loan in Pine Island, New York because these loans are illegal in the state.