Payday Loans in Prospect, New York

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

Company nameAddressZip codePhone number
Regional Acceptance Corporation 500 Willowbrook Office Park #575, Fairport, NY 14450 +1 (866) 495 - 7570
KeyBank 75 N Broadway, Tarrytown, NY 10591 +1 (914) 524 - 4980
Bank of Greene County (Lending Center) 341 Main St, Catskill, NY 12414 +1 (518) 943 - 2600
Prima Check Cashing Central Terminal Dr, Flushing, NY 11371 +1 (718) 995 - 5052
Corning Credit Union - Main Office 1 Credit Union Plaza, Corning, NY 14830 +1 (607) 962 - 3144
Covey's Garage 1012 Alexandria St, Carthage, NY 13619 +1 (315) 493 - 1081
Mense Steven M 1239 N Country Rd, Stony Brook, NY 11790 +1 (631) 675 - 1945
Citibank 1022 Broadway, Thornwood, NY 10594 +1 (914) 984 - 5441
Wells Fargo Advisors 8 Booth Dr, Plattsburgh, NY 12901 +1 (518) 561 - 7106
West Ridge Traders 1130 W Ridge Rd, Rochester, NY 14615 +1 (585) 865 - 8889

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Prospect, NY, you can try to find different companies in big cities near by. Check out the following pages here: Bad Credit Loans in Clarence, NY, Payday Loans in Clay, NY, Bad Credit Loans in Clifton Park, NY, Payday Loans in Commack, NY, Payday Loans in Coram, NY, Quick Loan in East Meadow, NY, Payday Loans in Eastchester, NY and Payday Loan for Elmont, 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 Prospect, NY.

Beautiful sights of Prospect, NY

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

13435

Are Payday Loans Legal In Prospect, 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

Prospect, NY payday loan calculator

In today’s fast-paced world, it’s not uncommon to face unexpected expenses. Payday loans are one option that many people turn to when they need cash quickly. However, in Prospect, New York, payday loans are prohibited by law.

What are Payday Loans?

Payday loans are short-term loans typically with repayment terms of two weeks to a month. They are designed to help individuals bridge the gap between paychecks when unexpected expenses arise.

Payday loans are appealing to many because they are easy to obtain. Borrowers usually only need to show proof of income and a bank account to be approved. However, these loans often come with high interest rates and fees, making them hard to pay back and often leading to a cycle of debt.

Payday Loans in Prospect, New York

While payday loans are legal in many states, New York has strict laws regulating these types of loans. In fact, payday loans are prohibited in New York under the State’s banking statutes. This means that storefront lenders, as well as online lenders, are prohibited from offering payday loans to New York residents. Despite their illegality in the state, some individuals may still fall prey to payday lenders.

Interesting Facts about Payday Loans in Prospect, New York

  • New York has some of the strictest usury laws in the nation, capping interest rates at 25 percent. This makes it difficult for payday lenders to turn a profit, which is why they are prohibited from operating in the state.
  • In 2014, the New York Attorney General’s office found that some payday lenders were illegally attempting to collect on payday loans from New York residents, resulting in over $12 million in relief to borrowers.
  • Despite being illegal in New York, some online payday lenders still offer loans to New York residents. Borrowers should exercise extreme caution when considering these lenders, as they may engage in predatory lending practices.

How TheGuaranteedLoans Can Help

While payday loans are illegal in New York, there are other loan options available for those facing unexpected expenses. TheGuaranteedLoans can connect you with lenders who may offer personal loans or installment loans with more affordable terms and interest rates.

Applying for a loan through TheGuaranteedLoans is easy and convenient. Simply fill out our online application, and we will connect you with potential lenders. Remember, TheGuaranteedLoans is a connection service, not a direct lender. We work with a network of trusted lenders to find the best loan options for our customers.

Don’t let unexpected expenses derail your finances. Visit TheGuaranteedLoans today to explore your loan options and take control of your financial future!

F.A.Q.

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

It is illegal for lenders to offer payday loans in Prospect, 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 Prospect, New York?

If you have already taken out a payday loan in Prospect, 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.