Payday Loans in Ruby, New York

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

Company nameAddressZip codePhone number
Walmart Vision & Glasses 5735 S Transit Rd, Lockport, NY 14094 +1 (716) 438 - 2906
GIGGS PROPERTY Furniture Mart Bldg, 111 W 2nd St, Jamestown, NY 14701 +1 (716) 488 - 0910
KeyBank 5207 Broadway, Lancaster, NY 14086 +1 (716) 651 - 6060
M&T Bank 955-969 Payne Ave, North Tonawanda, NY 14120 +1 (716) 694 - 7656
Freedom Mortgage - Patchogue 76 Medford Ave Suite A, Patchogue, NY 11772 +1 (631) 627 - 6060
People's United Bank 245 NY-25A, Rocky Point, NY 11778 +1 (631) 821 - 8300
Pathfinder Bank 3025 East Ave, Central Square, NY 13036 +1 (315) 676 - 2265
Chase Bank 250 S Middletown Rd, Nanuet, NY 10954 +1 (845) 624 - 2480
Manufacturers & Traders Trust 195 Front St, Owego, NY 13827 +1 (607) 687 - 3864
Gerber Collision & Glass 8148 Buffalo Rd, Bergen, NY 14416 +1 (585) 494 - 2449

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Ruby, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Spring Valley, NY, Payday Loans in Staten Island, NY, Payday Loans in Syracuse, NY, Guaranteed Loans in Troy, NY, Payday Loans in Uniondale, NY, Payday Loans in Utica, NY, Payday Loan Without a Credit Check in Valley Stream, NY and Payday Loan for Warwick, 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 Ruby, NY.

Are Payday Loans Legal In Ruby, 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

Ruby, NY payday loan calculator

Payday Loans in Ruby, New York: What You Need to Know

If you are struggling to make ends meet and need quick cash, you may be considering taking out a payday loan. However, before you do, it is essential to understand the regulations around payday loans in Ruby, New York. It is important to note that payday loans are prohibited in New York.

What are Payday Loans?

Payday loans are short-term loans designed to provide borrowers with quick cash to cover unexpected expenses or emergency bills. These loans typically have high-interest rates and must be repaid within a few weeks. Payday loans are often used by borrowers who are unable to access traditional forms of credit, such as personal loans or credit cards.

Why are Payday Loans Prohibited in Ruby, New York?

In 2009, the New York State Legislature banned payday loans in the state. The ban was implemented to protect consumers from the predatory lending practices often associated with payday loans. New York law sets a maximum interest rate of 25% for loans under $2,500, which is significantly lower than the interest rates charged by payday lenders.

  • Fact: In 2018, the New York Department of Financial Services filed a lawsuit against a payday lender for charging interest rates as high as 950%.

Alternatives to Payday Loans

There are several alternatives to payday loans that you may want to consider if you need quick cash:

  • Credit Cards: If you have a credit card, you can use it to cover unexpected expenses. While credit cards also come with high-interest rates, they are often lower than those associated with payday loans.
  • Personal Loans: Personal loans are available from banks, credit unions, and online lenders. Interest rates on personal loans are generally lower than those on payday loans, and you can usually borrow larger amounts of money for longer periods.
  • Loan Programs: Some lenders offer loan programs specifically designed for borrowers in need of quick cash. These programs may have lower interest rates and more flexible repayment terms than payday loans.

About TheGuaranteedLoans

TheGuaranteedLoans is a loan matching service that connects borrowers with potential lenders. We understand that unexpected expenses can arise, and we aim to make the loan process as quick and easy as possible. However, it is important to note that we are not a direct lender. Instead, we facilitate connections between borrowers and lenders.

When you apply for a loan through TheGuaranteedLoans, we take your information and use it to find potential lenders who may be willing to work with you. If a lender approves your loan application, they will provide you with information on the loan’s interest rate, repayment terms, and any applicable fees. You can then decide whether or not to accept the loan.

Apply Now

If you are in need of quick cash, you can apply for a loan through TheGuaranteedLoans. To get started, simply fill out our online application form. We will review your application and connect you with potential lenders who may be willing to work with you. Remember, payday loans are prohibited in Ruby, New York, but there are several alternative loan options available to you.

Please note that applying for a loan through TheGuaranteedLoans does not guarantee approval. The final decision on your loan application will be made by the lender.

F.A.Q.

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

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

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

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