Payday Loans in Shelter Island Heights, New York

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No payday loan companies in Shelter Island Heights, NY. Consider companies in other cities:

Company nameAddressZip codePhone number
Auburn Community Federal Credit Union 65 Wright Cir, Auburn, NY 13021 +1 (315) 253 - 2934
PAYOMATIC 2690 NY-112, Medford, NY 11763 +1 (631) 207 - 2603
United States Postal Service 1001 Oyster Bay Rd, East Norwich, NY 11732 +1 (800) 275 - 8777
Jackson Hewitt Tax Service 9 Railroad Ave, Chatham, NY 12037 +1 (518) 392 - 6420
Check 'n Go 4024 Boston Rd, Bronx, NY 10475 +1 (718) 379 - 2604
Chase Bank 125 Chatsworth Ave, Larchmont, NY 10538 +1 (914) 834 - 8239
Generations Bank 621 N Seward Ave, Auburn, NY 13021 +1 (315) 567 - 0150
Cerini & Associates 3340 Veterans Memorial Hwy, Bohemia, NY 11716 +1 (631) 582 - 1600
KeyBank 154 Quaker Rd, Queensbury, NY 12804 +1 (518) 798 - 1807
Eastchester Check Cashing 2046 Eastchester Rd, Bronx, NY 10461 +1 (718) 792 - 0334

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Shelter Island Heights, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Huntington Station, NY, Guaranteed Loans in Islip, NY, Payday Loans in Ithaca, NY, Online Loans in Jamestown, NY, Quick Loan in Lancaster, NY, Payday Loans in Levittown, NY, Payday Loans in Long Beach, NY and Payday Loan Without a Credit Check in Manlius, 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 Shelter Island Heights, NY.

Beautiful sights of Shelter Island Heights, NY

Payday Loans Available in Shelter Island Heights, NY By The Following ZIP Codes:

11965

Are Payday Loans Legal In Shelter Island Heights, 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

Shelter Island Heights, NY payday loan calculator

Payday Loans in Shelter Island Heights, New York: Everything You Need to Know

If you are looking for a quick cash injection to tide you over until your next paycheck, you might be thinking about taking out a payday loan. However, if you live in Shelter Island Heights, New York, you should be aware that payday loans are prohibited in the state of New York. This means that you will have to look for alternative forms of credit to meet your short-term financial needs.

What are Payday Loans?

Payday loans are a type of short-term loan that is typically offered to borrowers who have poor credit scores or who are in financial hardship. These loans are designed to be repaid on the borrower’s next payday, hence the name “payday loan”. In most cases, payday loans are unsecured loans, which means that the borrower does not have to provide collateral to secure the loan.

Prohibition of Payday Loans in New York

In New York, payday loans are prohibited by law. The State of New York has imposed strict usury laws that limit the interest rates that lenders can charge on loans. These laws also place restrictions on the fees that lenders can charge borrowers. As a result, it is not possible to take out a payday loan in Shelter Island Heights or anywhere else in New York.

What are the Alternatives to Payday Loans in Shelter Island Heights?

If you live in Shelter Island Heights and you need to borrow money to cover your living expenses, there are several alternatives to payday loans that you can consider:

  • Personal Loans: Personal loans are a type of unsecured loan that can be used for a variety of purposes, including debt consolidation, home improvement, or emergency expenses. Personal loans typically have lower interest rates than payday loans, but they can be more difficult to qualify for, especially if you have poor credit.
  • Credit Cards: If you have a credit card with an available balance, you can use it to cover your expenses. Credit cards typically have higher interest rates than personal loans, but they offer flexibility and convenience.
  • Credit Counseling: If you are having trouble managing your debts, you can contact a credit counseling agency for help. Credit counselors can help you create a budget, negotiate with your creditors, and develop a plan to pay off your debts.
  • Government Assistance Programs: If you are in financial hardship, you may be eligible for government assistance programs, such as food stamps, Medicaid, or Temporary Assistance for Needy Families (TANF).

Facts and Statistics

Here are some interesting facts and statistics about payday lending in the United States:

  • The average payday loan borrower takes out eight loans per year, for a total of $3,000 in debt.
  • The average interest rate on a payday loan is 391% APR.
  • In 2018, the Consumer Financial Protection Bureau (CFPB) proposed a rule that would require payday lenders to verify borrowers’ ability to repay their loans. However, the rule was never implemented.
  • In 2019, the CFPB announced plans to repeal the 2017 payday lending rule, which required lenders to verify borrowers’ ability to repay their loans. The repeal is expected to take effect in November 2020.

Apply Now

If you need to borrow money in Shelter Island Heights, you can apply for a loan through TheGuaranteedLoans website. We are a connector service that can help you find potential lenders who may be willing to offer you a loan. Keep in mind that we are not a direct lender and that we do not guarantee loan approval. However, we can assist you in finding potential lenders who may be able to meet your needs.

To apply for a loan, simply fill out our online application form. We will ask for some basic information, such as your name, address, and income. Once you submit your application, we will match you with potential lenders who may be able to offer you a loan. You will then receive an offer from a lender, which will include the loan amount, interest rate, and repayment terms. If you accept the offer, the lender will deposit the funds directly into your bank account.

Conclusion

Payday loans might seem like a quick and easy solution to your financial problems, but they come with high interest rates and fees that can trap you in a cycle of debt. If you live in Shelter Island Heights, New York, payday loans are not an option due to state law. However, there are several alternatives that you can consider, such as personal loans, credit cards, credit counseling, and government assistance programs. If you need to borrow money, you can apply for a loan through TheGuaranteedLoans website and we will connect you with potential lenders who may be able to meet your needs.

F.A.Q.

Can I take out a payday loan online in Shelter Island Heights, 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 Shelter Island Heights, New York?

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