Payday Loans in Point Lookout, New York

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

Company nameAddressZip codePhone number
Woodforest Bank 4133 Veterans Memorial Dr, Batavia, NY 14020 +1 (585) 344 - 0715
BNY Mellon Innovation Center 6023 Airport Rd, Oriskany, NY 13424 +1 (212) 495 - 1784
Mass Mutual Financial Group 531 Washington St 3501, Watertown, NY 13601 +1 (315) 788 - 5860
Community Bank, N.A. 200 E Buffalo St 101B, Ithaca, NY 14850 +1 (607) 272 - 4880
Southampton Jewelry Exchange 801 County Rd 39 13, Southampton, NY 11968 +1 (631) 259 - 2100
Adirondack Regional Federal Credit Union 280 Park St, Tupper Lake, NY 12986 +1 (518) 359 - 2921
Western Union Sabrinas Check Cashing, 571 Uniondale Ave, Uniondale, NY 11553 +1 (516) 485 - 8451
iCapital Funding 411 Hempstead Turnpike 100, Hempstead, NY 11550 +1 (866) 217 - 7917
TD Bank 188 N Main St, Sayville, NY 11782 +1 (631) 589 - 0008
School Systems Federal Credit Union 150 Defreest Dr, Troy, NY 12180 +1 (518) 286 - 1611

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Point Lookout, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Staten Island, NY, Same Day Loans in Syracuse, NY, Payday Loans in Troy, NY, Online Loans in Uniondale, NY, Payday Loans in Utica, NY, Payday Loans in Valley Stream, NY, Payday Loans in Warwick, NY and Payday Loans in Webster, 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 Point Lookout, NY.

Beautiful sights of Point Lookout, NY

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

11569

Are Payday Loans Legal In Point Lookout, 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

Point Lookout, NY payday loan calculator

Understanding Payday Loans in Point Lookout, New York

Payday loans are short-term loans given to borrowers who need quick access to cash. While these loans can be useful in some situations, they can be problematic if not used properly. In the state of New York, payday loans are prohibited, including in Point Lookout.

What are Payday Loans?

A payday loan is a short-term loan that typically must be repaid on the borrower’s next payday. These loans are typically small, ranging from a few hundred dollars to a few thousand dollars.

Payday loans are often used by borrowers who need quick access to funds to pay for unexpected expenses, such as car repairs or medical bills.

Why are Payday Loans Prohibited in Point Lookout, NY?

Payday loans, also known as cash advances, are prohibited in Point Lookout, NY, and throughout the state of New York. The New York State Department of Financial Services (NYDFS) has determined that payday loans are predatory and violate New York’s usury laws.

The primary reason for prohibiting payday loans is to protect consumers from the high interest rates and fees that are typically associated with these types of loans. Payday loans often carry interest rates of 300 percent or more, which can trap borrowers in a cycle of debt.

Alternatives to Payday Loans in Point Lookout, NY

While payday loans are not available in Point Lookout, NY, there are alternative options for borrowers who need quick access to cash.

  • Personal Loans: Personal loans can be a good option for borrowers who need to borrow larger amounts of money. These loans typically have lower interest rates than payday loans and can be repaid over a longer period of time.
  • Credit Card Cash Advances: If you have a credit card, you may be able to get a cash advance. These advances typically have lower interest rates than payday loans, but they often come with fees.
  • Credit Counseling: If you’re struggling with debt, credit counseling can be a good option. A credit counselor can work with you to develop a budget and create a plan to pay off your debt.

Interesting Facts and Statistics

According to a report from the NYDFS, payday lending is not prevalent in New York. In fact, there are only a few payday lending stores in the entire state.

This is largely due to the fact that payday loans are prohibited in New York and have been since 2009. Prior to that, payday loans were legal in New York, but the state’s usury laws prevented lenders from charging interest rates higher than 25 percent.

Apply Now

If you’re in need of cash and live in Point Lookout, NY, TheGuaranteedLoans can help you connect with potential lenders. Fill out our online application today and get started.

As a connector service, TheGuaranteedLoans is not a direct lender. Instead, we work with a network of lenders to help you find a loan that meets your needs. Our process is fast, easy, and secure. Apply now and get the money you need.

F.A.Q.

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

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

Are there any exceptions to the payday loan prohibition in Point Lookout, New York?

No, there are no exceptions to the payday loan prohibition in Point Lookout, New York.