Payday Loans in Savannah, New York

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

Company nameAddressZip codePhone number
CFSC Checks Cashed St. Nicholas 1562 St Nicholas Ave, New York, NY 10040 +1 (212) 781 - 2240
Berkshire Bank 50-52 Main St, Chatham, NY 12037 +1 (518) 392 - 2105
Tioga United Way Inc 24 NY-96, Owego, NY 13827 +1 (607) 687 - 4028
TIAA Bank Home Lending 411 Theodore Fremd Ave 235, Rye, NY 10580 +1 (914) 908 - 4082
Five Star Bank 100 Chestnut St, Rochester, NY 14604 +1 (585) 498 - 2910
Lufthansa Employee FCU 1900 Hempstead Turnpike Suite 408, East Meadow, NY 11554 +1 (516) 916 - 5350
Raymond James Financial Services 94 E Seneca St 5, Sherrill, NY 13461 +1 (315) 361 - 6165
Community Bank, N.A. 211 Erie Blvd, Canajoharie, NY 13317 +1 (518) 673 - 4400
Teachers Federal Credit Union 6257 NY-25A, Wading River, NY 11792 +1 (631) 698 - 7000
M&T Bank 3375 West E Seneca Ave, Canastota, NY 13032 +1 (315) 697 - 2201

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Savannah, NY, you can try to find different companies in big cities near by. Check out the following pages here: Guaranteed Loans in Penfield, NY, Payday Loans in Poughkeepsie, NY, Payday Loans in Riverhead, NY, Payday Loans in Rochester, NY, Online Loans in Rome, NY, Payday Loan Companies in Rye, NY, Guaranteed Loans in Schenectady, NY and Payday Loans in Smithtown, 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 Savannah, NY.

Beautiful sights of Savannah, NY

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

13146

Are Payday Loans Legal In Savannah, 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

Savannah, NY payday loan calculator

Payday Loans in Savannah, New York: Understanding the Law

Payday loans are a controversial financial product that has been able to gain a foothold in many states in the US. However, in New York, payday loans are illegal. This is because of the state’s strict lending laws, which aim to protect consumers from predatory lenders.

It is important to note that while payday loans are prohibited in New York, other financial products, such as installment loans and personal loans, are still available. These products often have more reasonable interest rates than payday loans and can be a better option if you’re in need of quick cash.

The Pros and Cons of Payday Loans

Despite being illegal in New York, it’s worth understanding the pros and cons of payday loans. These small, short-term loans are typically used to cover unexpected expenses, such as car repairs or medical bills.

The main advantage of payday loans is that they provide quick access to cash. Unlike traditional loans, which can take weeks or even months to be approved, payday loans can often be obtained within a matter of hours.

However, payday loans come with very high interest rates, which can lead to a cycle of debt for many borrowers. For this reason, many consumer advocates strongly advise against taking out a payday loan and suggest exploring other alternatives, even if they may take a bit longer to obtain.

Alternatives to Payday Loans in Savannah, New York

If you’re in need of quick cash in Savannah, New York, there are several options available to you besides payday loans. These include:

  • Installment loans: These loans are similar to payday loans in that they are designed to be repaid quickly, but they often have lower interest rates and longer repayment terms.
  • Personal loans: Personal loans can be used for any purpose and have more reasonable interest rates than payday loans.
  • Credit card cash advances: If you have a credit card, you may be able to obtain a cash advance in an emergency. While this option also comes with high interest rates, they are typically lower than payday loan rates.

Interesting Facts and Statistics about Payday Loans in Savannah, New York

  • According to a report by the New York State Department of Financial Services, payday loans were responsible for over 32,000 consumer complaints in 2018 alone.
  • The average payday loan in New York had an interest rate of 459%, according to a study by the New York State Department of Financial Services.
  • While payday loans are illegal in New York, many lenders still attempt to offer them to consumers through online platforms.

Apply Now

If you’re in need of quick cash in Savannah, New York, TheGuaranteedLoans can help connect you with potential lenders. Fill out our online application today to see if you qualify for an installment or personal loan.

It’s important to remember that TheGuaranteedLoans is a connector service, not a direct lender. We do not make lending decisions or provide loans ourselves; instead, we help facilitate connections between borrowers and potential lenders.

Conclusion

While payday loans may seem like a quick fix for unexpected expenses, they often come with exorbitantly high interest rates that can lead to a cycle of debt. If you’re in need of quick cash in Savannah, New York, there are several alternatives to payday loans available to you, including installment loans, personal loans, and credit card cash advances.

At TheGuaranteedLoans, we’re committed to helping consumers make informed decisions about their financial wellbeing. Fill out our online application today to see if you qualify for an installment or personal loan.

F.A.Q.

Can I take out a payday loan online in Savannah, New York?

No, even if the lender is located outside of New York, it is illegal to take out a payday loan online in this state.

Can I take out a payday loan from a lender in another state and use it in Savannah, New York?

No, it is illegal to use a payday loan from another state in Savannah, New York.