Payday Loans in Shenorock, New York

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

Company nameAddressZip codePhone number
Bethpage Federal Credit Union 94 Harned Rd, Commack, NY 11725 +1 (800) 628 - 7070
Visions Federal Credit Union Corner of Routes 38 & 38B, NY-38, Newark Valley, NY 13811 +1 (800) 242 - 2120
Chase Mortgage 48 N Ferry Rd, Shelter Island, NY 11964 +1 (631) 749 - 0440
Farmingdale Check Cashing Corporation 9726 Seaview Ave, Brooklyn, NY 11236 +1 (718) 763 - 2621
Keren Hachesed of Monsey Inc 12 Blauvelt Rd, Monsey, NY 10952 +1 (845) 356 - 3181
Tompkins Bank of Castile Genesee Community College, 1 College Rd, Batavia, NY 14020
Pioneer - Glenmont Branch 329 Glenmont Rd, Glenmont, NY 12077 +1 (518) 463 - 1400
Chase Bank 35 Jericho Turnpike, Jericho, NY 11753 +1 (516) 333 - 6911
Walmart Money Center 131 Fairgrounds Memorial Pkwy, Ithaca, NY 14850 +1 (607) 277 - 4510
Stout Financial Network LLC 7824 NY-104, Oswego, NY 13126 +1 (315) 343 - 0177

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Shenorock, NY, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in Mount Vernon, NY, Bad Credit Loans in New City, NY, Payday Loan for New Rochelle, NY, No Credit Check Loans in New York, NY, Emergency Loan in Niagara Falls, NY, Payday Loans in North Tonawanda, NY, Bad Credit Loans in Oceanside, NY and 24-Hour Loan in Ossining, 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 Shenorock, NY.

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

10587

Are Payday Loans Legal In Shenorock, 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

Shenorock, NY payday loan calculator

In the state of New York, payday loans are prohibited. This means that if you reside in Shenorock, New York, you cannot obtain a payday loan. The state of New York has implemented strict policies against payday loans, which includes a cap on interest rates that lenders can charge for loans under $5000. In this article, we will discuss the reasons why payday loans are prohibited in New York and what alternative options are available to Shenorock residents.

Why are payday loans prohibited in New York?

In 2006, the New York State Department of Financial Services launched an investigation into the payday lending industry. The investigation revealed that payday lenders were charging exorbitant interest rates and fees that often led to borrowers being trapped in a cycle of debt. As a result, the state of New York implemented strict regulations against payday loans to protect consumers from predatory lending practices.

The regulations set a cap on interest rates that lenders could charge for loans under $5000. The cap is set at 25% APR, which is significantly lower than the interest rates charged by payday lenders in other states.

What are the alternative options for Shenorock residents?

While payday loans are not an option for Shenorock residents, there are alternative borrowing options available to them. These include:

  • Personal loans: Personal loans are installment loans that are paid back over a fixed period of time. These loans often have lower interest rates and fees than payday loans.
  • Credit cards: Credit cards can be used to cover unexpected expenses. If a balance is carried over from month to month, interest charges will apply, but these are often lower than the rates charged by payday lenders.
  • Government assistance: If you are struggling financially, you may be eligible for government assistance programs. These programs can provide food, housing, healthcare, and other essentials.
  • Credit counseling: If you are struggling with debt, credit counseling services can help you develop a budget and a plan for repaying your debts.

Interesting facts about payday loans in Shenorock, New York

  • According to a report by the Consumer Financial Protection Bureau, the average payday loan borrower takes out 10 payday loans per year.
  • Payday loans are illegal in 15 states, including New York.
  • A study by The Pew Charitable Trusts found that the average payday loan borrower spends five months out of the year in debt to payday lenders.

Apply now

If you are in need of funds and do not qualify for traditional loans, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is fast and easy, and we work with a network of lenders who offer a variety of loan products. Remember, TheGuaranteedLoans is a connector service, not a direct lender. We will facilitate your connection with potential lenders and help you find a loan product that meets your specific needs. Apply now and get connected with potential lenders in Shenorock, New York.

F.A.Q.

Can I get a payday loan with bad credit in Shenorock, New York?

No, payday loans are not available in Shenorock, New York regardless of credit history.

Can I get a payday loan without a checking account in Shenorock, New York?

No, payday loans are not available in Shenorock, New York regardless of banking status.