Payday Loans in Port Byron, New York

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

Company nameAddressZip codePhone number
Manufacturers & Traders Trust 3175 Chili Ave 7, Rochester, NY 14624 +1 (585) 889 - 2990
Jackson Hewitt Tax Service 5396 NY-12, Norwich, NY 13815 +1 (607) 622 - 8339
KeyBank 1555 U.S. 9, Wappingers Falls, NY 12590 +1 (845) 297 - 3781
TD Bank 136 Margaret St, Plattsburgh, NY 12901 +1 (518) 561 - 9730
Kimberly Lattimer CPA PC 101 E Naples St, Wayland, NY 14572 +1 (585) 728 - 2590
ATM General Auto 3782 NY-417, Jasper, NY 14855
CFCU Community Credit Union 409 N Meadow St, Ithaca, NY 14850 +1 (607) 275 - 3322
M&T Bank 2109 Route 5 & 20, Seneca Falls, NY 13148 +1 (315) 568 - 9876
Citibank 18 E Main St, Smithtown, NY 11787 +1 (631) 240 - 0017
Wells Fargo Home Mortgage 100 Duffy Ave, 4th Floor, Hicksville, NY 11801 +1 (516) 827 - 1632

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Port Byron, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Huntington Station, NY, Payday Loan Companies in Islip, NY, Payday Loans in Ithaca, NY, Payday Loans in Jamestown, NY, Online Loans in Lancaster, NY, Bad Credit Loans in Levittown, NY, Payday Loans in Long Beach, NY and Payday Loans in Manlius, 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 Port Byron, NY.

Beautiful sights of Port Byron, NY

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

13140

Are Payday Loans Legal In Port Byron, 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

Port Byron, NY payday loan calculator

Payday Loans in Port Byron, New York: Everything You Need to Know

If you’re a resident of Port Byron, New York, and you’re considering taking out a payday loan, it’s important to know that they are prohibited in New York State. While payday loans can seem like a quick and easy solution for individuals in need of cash, they often come with high interest rates and can lead to a cycle of debt.

In this article, we’ll explore the dangers of payday loans, their legal status in New York State, and alternative options for those in need of quick cash.

The Dangers of Payday Loans

Payday loans are small, short-term loans typically used by individuals who need quick access to cash. In theory, they can be a helpful solution for unexpected expenses or bills that can’t wait until your next paycheck. However, in practice, payday loans often come with high fees and interest rates that can be difficult to pay back, leading to a cycle of debt.

According to the Consumer Financial Protection Bureau, payday loans often have an average interest rate of 400%. In addition, many borrowers often take out multiple payday loans, leading to a cycle of debt that can be difficult to escape.

While some payday loan companies may claim to offer quick and easy solutions, it’s important to remember that they are not always the best option. In fact, many states have prohibited or heavily regulated payday loans to protect consumers from predatory lending practices.

The Legal Status of Payday Loans in New York State

While payday loans are legal in some states, including neighboring Pennsylvania, they are prohibited in New York State under the New York Banking Law.

According to the New York State Department of Financial Services, “It is a violation of New York State law to make payday loans in-person, by telephone, or over the Internet. It is also illegal for a debt collector to collect, or attempt to collect, on a payday loan in New York State.”

While this may seem like a disappointment for those in need of quick cash, it’s important to remember that payday loans often come with high fees and interest rates that can be difficult to pay back, leading to a cycle of debt. New York’s strict regulations on payday loans aim to protect consumers from predatory lending practices.

Alternative Options for Quick Cash in Port Byron, New York

If you’re in need of quick cash and payday loans are not an option in New York State, there are alternative options available. Here are a few to consider:

  • Personal Loans: Personal loans are a form of unsecured debt that can be used for a variety of purposes. They typically offer lower interest rates than payday loans and provide a longer repayment period.
  • Credit Cards: If you have a credit card, you may be able to use it to cover unexpected expenses. While credit cards often come with higher interest rates than personal loans, they can be a useful option for short-term needs.
  • Friends and Family: If you have friends or family members who are willing and able to help you out, this can be a good option for quick cash. However, it’s important to approach these situations with caution to avoid damaging relationships.

Interesting Facts and Statistics about Payday Loans in Port Byron, New York

  • In 2019, there were no licensed payday lenders operating in New York State, according to the New York State Department of Financial Services.
  • New York’s usury laws, which cap interest rates at 25%, make it difficult for payday lenders to operate in the state.
  • According to the Center for Responsible Lending, payday loans cost Americans nearly $4.1 billion annually in fees alone.

Apply Now with TheGuaranteedLoans

If you’re in need of quick cash and alternative options aren’t feasible for your situation, you may be considering a payday loan. While payday loans are prohibited in New York State, TheGuaranteedLoans offers a connector service to connect you with potential lenders outside of New York.

It’s important to remember that TheGuaranteedLoans is not a direct lender. We are a connector service that helps connect borrowers with potential lenders who may be able to provide the financial assistance they need.

If you’re considering a payday loan, it’s important to carefully evaluate your options and make an informed decision. While they can seem like a quick and easy solution, they often come with high fees and interest rates that can lead to a cycle of debt.

Apply now with TheGuaranteedLoans to connect with potential lenders who may be able to provide the financial assistance you need.

F.A.Q.

Can I be charged with a crime for taking out a payday loan in Port Byron, New York?

It is illegal for lenders to offer payday loans in Port Byron, New York, so borrowers cannot be charged with a crime for taking out a payday loan. However, lenders may face criminal charges for engaging in illegal lending practices.

What should I do if I have already taken out a payday loan in Port Byron, New York?

If you have already taken out a payday loan in Port Byron, New York, you should contact the lender to try to negotiate a repayment plan. If the lender is unwilling to work with you, you may want to seek out alternative forms of financing or seek legal advice.