Payday Loans in Shandaken, New York

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

Company nameAddressZip codePhone number
Riverhead Check Cashing 190 Old Country Rd, Riverhead, NY 11901 +1 (631) 369 - 2274
M&T Mortgage 313 Ushers Rd 1, Ballston Lake, NY 12019 +1 (518) 847 - 7870
M&T Bank 935 Hard Rd, Webster, NY 14580 +1 (585) 787 - 1080
JL Mortgage Brokers LLC 1821 NY-376, Poughkeepsie, NY 12603 +1 (845) 632 - 6322
Western Union Atn Check Cashing, 600 W, Sunrise Hwy, Valley Stream, NY 11581 +1 (516) 256 - 3020
Merchant Cash Advance New York - Unsecured Loans NY 139 Fulton St, New York, NY 10038 +1 (718) 502 - 9815
Sky Diamond Jewelers 287 Windsor Hwy 450, New Windsor, NY 12553 +1 (845) 787 - 4143
Raymond James Financial Services 626 RXR Plaza Suite 618, Uniondale, NY 11556 +1 (516) 743 - 9201
Port Washington FCU 157 Main St, Port Washington, NY 11050 +1 (516) 883 - 3537
Community Bank, N.A. 21 W Main St, Cuba, NY 14727 +1 (585) 968 - 2265

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Shandaken, NY, you can try to find different companies in big cities near by. Check out the following pages here: Guaranteed Loans in Brookhaven, NY, Payday Loan Without a Credit Check in Brooklyn, NY, 24-Hour Loan in Buffalo, NY, Payday Loans in Carmel, NY, Payday Loans in Centereach, NY, Quick Loan in Central Islip, NY, Payday Loans in Cicero, NY and Same Day Loans in Clarence, 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 Shandaken, NY.

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

12480

Are Payday Loans Legal In Shandaken, 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

Shandaken, NY payday loan calculator

Payday loans have become increasingly popular in recent years due to their convenience and accessibility. However, not all states in the United States allow payday loans, including the state of New York. Shandaken, a town located in the Catskill Mountains area of New York state, is one of many locations where payday loans are prohibited by state law.

What Are Payday Loans?

Payday loans are typically small, short-term loans that are intended to bridge the gap between paychecks for borrowers who need immediate cash. These loans are usually due in full on the borrower’s next payday and come with high interest rates and fees. Payday loans have been controversial and subject to criticism, with many accusing them of preying on low-income individuals and trapping them in cycles of debt.

Payday Loans in Shandaken, New York

In 2006, New York State enacted the Financial Services Law, which effectively banned payday loans in the state. The law imposes strict regulations on lenders, making it difficult for payday lenders to operate in the state legally. As a result, payday loans are not available to residents of Shandaken or any other location in New York.

The law was enacted to protect consumers from predatory lending practices and to prevent them from getting trapped in cycles of debt. As per state law, all lenders operating in New York must be licensed by the state’s Department of Financial Services. In addition, they are required to follow strict guidelines and regulations regarding the terms, conditions, and interest rates of loans that they provide.

Alternatives to Payday Loans in Shandaken, New York

Fortunately, residents of Shandaken have access to a wide range of alternative financial options that can help them get the cash they need without having to resort to payday loans.

Personal Loans:

Personal loans are an excellent alternative to payday loans that can be used to cover unexpected expenses or emergencies. They are usually available through banks, credit unions, and other financial institutions.

  • Personal loans offer lower interest rates than payday loans, and repayment terms can be up to five years.
  • Borrowers can usually borrow larger amounts of money compared to payday loans, sometimes up to $100,000 or more.
  • Personal loans are typically unsecured, meaning borrowers do not have to put up collateral to secure the loan.

Credit Cards:

Credit cards are another alternative to payday loans that can be used to cover short-term expenses or emergencies. They offer many of the same conveniences as payday loans, including instant access to cash.

  • Credit cards offer lower interest rates compared to payday loans, and borrowing money on a credit card is usually much cheaper than taking out a payday loan.
  • Credit cards have higher borrowing limits than payday loans, sometimes up to $50,000 or more.
  • Credit cards come with many other perks, such as rewards, cashback, and other benefits that payday loans do not offer.

Interesting Facts and Statistics About Payday Loans in Shandaken, New York

  • In 2019, New York State settled a lawsuit with payday lenders that had been illegally operating in the state. The lenders agreed to pay over $12 million in damages and to stop offering loans to New York residents.
  • The average APR (annual percentage rate) of payday loans in the United States is 390%, according to the Consumer Financial Protection Bureau.
  • The CFPB has found that more than 80% of payday loans are rolled over or renewed within two weeks of being originally taken out.

Apply Now

If you are in need of cash and are a resident of Shandaken, New York, consider applying for a personal loan online with TheGuaranteedLoans. As a connector service, we can help you connect with potential lenders and find the best loan for your needs.

We make the application process easy and stress-free. Simply visit our website and complete the online application form. We will then match you with potential lenders who meet your needs and requirements. Our lenders offer competitive rates and repayment terms, giving you the flexibility you need to manage your finances.

Remember, TheGuaranteedLoans is not a direct lender and will not provide you with the cash you need directly. However, we make it easier for you to find a lender that can help, connecting you with lenders who can offer you the cash you need. Apply now and get one step closer to financial freedom!

F.A.Q.

Where can I get more information about payday loans in Shandaken, New York?

More information about payday loans in Shandaken, New York can be found on the New York State Department of Financial Services website. You can also contact the department directly with any questions or concerns.

Are payday loans available in Shandaken, New York?

No, payday loans are prohibited in Shandaken, New York.