Payday Loans in Port Leyden, New York

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

Company nameAddressZip codePhone number
GreenPath Financial Wellness, White Plains, NY 75 S Broadway 462, White Plains, NY 10601 +1 (800) 550 - 1961
First Choice Financial Credit Union Broadalbin Branch 3677 NY-30, Gloversville, NY 12078 +1 (518) 883 - 7156
First Heritage Federal Credit Union 218 Prescott Ave, Elmira, NY 14903 +1 (607) 733 - 4624
PAYOMATIC 30-31 Stratton St, Flushing, NY 11354 +1 (718) 445 - 3577
PLS Check Cashing 51 Richmond Hill Rd, Staten Island, NY 10314 +1 (718) 761 - 8608
Fellowship Home Loans 100 Merrick Rd 516e, Rockville Centre, NY 11570 +1 (800) 804 - 7283
Citizens Bank 37 Bay St, Glens Falls, NY 12801 +1 (518) 792 - 0971
Pioneer - Rotterdam Branch 1828 Altamont Ave, Schenectady, NY 12303 +1 (518) 356 - 1396
KeyBank 46 College Ave, Nanuet, NY 10954 +1 (845) 624 - 2351
Raritan Abstract 4300 Hylan Blvd, Staten Island, NY 10312 +1 (718) 605 - 4900

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Port Leyden, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Henrietta, NY, Payday Loans in Hicksville, NY, Payday Loans in Huntington, NY, Online Loans in Huntington Station, NY, Payday Loans in Islip, NY, Payday Loans in Ithaca, NY, Payday Loans in Jamestown, NY and Payday Loans in Lancaster, 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 Leyden, NY.

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

13433

Are Payday Loans Legal In Port Leyden, 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 Leyden, NY payday loan calculator

Payday Loans in Port Leyden, New York

If you are looking for fast cash in Port Leyden, New York, payday loans might come up as an option. However, it is important to note that payday loans are prohibited in New York, which means that you will not find any payday loan stores or lenders in Port Leyden or any other city in the state.

What Are Payday Loans?

Payday loans are short-term loans that usually have to be paid back within two to four weeks. They are often used by borrowers who need quick access to cash and have no other financing options. Payday loans are typically designed for people with bad credit or low income, making them an attractive option for those who cannot qualify for traditional bank loans.

Why Are Payday Loans Prohibited in New York?

Payday loans are prohibited in New York due to high interest rates and predatory lending practices. The state’s usury laws limit the amount of interest that lenders can charge on loans to 25% or less. Yet, payday lenders often charge interest rates of 400% or more, making it impossible for borrowers to pay off their debt.

What Are the Alternatives to Payday Loans in Port Leyden, New York?

Although payday loans are not available in Port Leyden or New York, there are still several alternatives that borrowers can consider when in need of fast cash. These include:

  • Credit Cards: Using a credit card can be a better option than taking out a payday loan, as long as you can pay off the balance quickly.
  • Personal Loans: Personal loans from banks or credit unions usually have lower interest rates than payday loans and can offer more flexible repayment terms.
  • Installment Loans: Installment loans are another type of loan that can be easier to repay than a payday loan. These loans have a longer repayment period and often come with lower interest rates.
  • Government Assistance: If you need emergency cash, you might be eligible for government assistance programs like SNAP, TANF, or LIHEAP. These programs can help cover your basic needs without resorting to high-interest loans.

Interesting Facts and Statistics about Payday Loans

  • The number of payday lending locations in the US is higher than the number of McDonald’s and Starbucks combined.
  • The average payday loan borrower takes out 10 loans per year, spending almost half the year in debt.
  • The total cost of a payday loan can be as high as 400% APR.
  • The payday lending industry claims that its loans are meant to help people in need, but in reality, 75% of payday loan volume comes from borrowers who take out more than 10 loans a year.

Apply Now for Other Types of Loans on TheGuaranteedLoans Website

If you are looking for other financing options in Port Leyden, New York, you can apply for personal loans, installment loans, and title loans on TheGuaranteedLoans website. We are a connector service that works with multiple lenders to help you find the best loan offer for your needs. To get started, simply fill out our online application form and wait for lenders to contact you with loan offers. Please note that we are not a direct lender and that we do not make credit decisions.

F.A.Q.

Are payday loans legal in Port Leyden, New York?

No, payday loans are not legal in Port Leyden, New York. In fact, the state has some of the strictest laws in the country when it comes to payday lending, and it is one of only a few states that completely prohibits the practice.

What are the consequences of taking out a payday loan in Port Leyden, New York?

Taking out a payday loan in Port Leyden, New York is illegal, and violators can face significant penalties, including fines, jail time, and the revocation of their business license.