Payday Loans in Stottville, New York

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

Company nameAddressZip codePhone number
Apple Bank 91 NY-111, Smithtown, NY 11787 +1 (631) 724 - 8700
Bank of America with Drive-thru ATM 157 South St, Oyster Bay, NY 11771 +1 (516) 922 - 5501
Trustco Bank 1545 NY-52, Fishkill, NY 12524 +1 (845) 896 - 8260
Dannemora Federal Credit Union 122 New York Rd, Plattsburgh, NY 12903 +1 (518) 563 - 5667
Money Mart 73 Pleasant St, Monticello, NY 12701 +1 (845) 796 - 2271
TD Bank 1521 E Boston Post Rd, Mamaroneck, NY 10543 +1 (914) 777 - 5775
Chase Bank 128 Main St, Yaphank, NY 11980 +1 (631) 924 - 4500
Community Bank, N.A. 109 S Main St, Naples, NY 14512 +1 (585) 374 - 2827
Mac Abstract 145 Marcus Blvd 4, Hauppauge, NY 11788 +1 (631) 543 - 8100
Teachers Federal Credit Union 260 Pond Path, Centereach, NY 11720 +1 (631) 698 - 7000

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Stottville, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Troy, NY, 24-Hour Loan in Uniondale, NY, Payday Loans in Utica, NY, Payday Loans in Valley Stream, NY, Same Day Loans in Warwick, NY, Payday Loans in Webster, NY, Payday Loans in West Babylon, NY and Bad Credit Loans in White Plains, 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 Stottville, NY.

Beautiful sights of Stottville, NY

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

12172

Are Payday Loans Legal In Stottville, 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

Stottville, NY payday loan calculator

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

Payday loans are short-term loans used to cover unexpected expenses or bridge the gap between paychecks. These loans are popular in many states across the United States, but they are not legal in New York. If you are in Stottville, New York, and considering a payday loan, it’s important to understand the laws surrounding these loans and their alternatives.

Why are payday loans prohibited in New York?

In 2009, New York State passed legislation that made payday loans illegal. The law was passed to protect consumers from the high-interest rates and fees associated with these loans. Payday loan interest rates can reach as high as 400%, making it difficult for borrowers to pay back their loans on time.

Additionally, payday lenders in New York were found to be violating the state’s usury laws, which prohibit lenders from charging more than 25% interest on loans. As a result, the state began cracking down on these lenders, and in 2013, the New York State Department of Financial Services sent cease-and-desist letters to 35 online payday lenders operating in the state.

What are the alternatives to payday loans in Stottville, New York?

While payday loans may not be an option for Stottville residents, there are other loan alternatives available:

  • Personal loans: Personal loans are typically offered through banks and credit unions and can be used for a variety of purposes. These loans offer lower interest rates and longer repayment terms than payday loans.
  • Credit cards: If you have a credit card, you can use it to cover unexpected expenses. While credit card interest rates can be high, they are often lower than payday loan rates.
  • Installment loans: Installment loans are another type of loan that can be used for unexpected expenses. These loans offer longer repayment terms than payday loans and can be more affordable.
  • Credit counseling: If you are struggling with debt, credit counseling can help you create a plan to pay off your debt and manage your finances.

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

  • Payday loans are prohibited in 14 states: New York is one of 14 states that prohibit payday loans.
  • The average payday loan borrower takes out eight loans a year: According to the Consumer Financial Protection Bureau, the average payday loan borrower takes out eight loans a year, with each loan averaging $375.
  • Payday loan interest rates can exceed 400%: Some payday loans can have interest rates that exceed 400%, making it difficult for borrowers to pay back their loans on time.

Apply Now

While payday loans are not legal in New York, TheGuaranteedLoans is here to help you find alternative lending options. Simply fill out our online application, and we will connect you with potential lenders who can help you get the money you need. Remember, TheGuaranteedLoans is a connector service, not a direct lender, so you can rest assured that we will help you find a reputable lender to meet your needs. Apply now and take the first step towards financial stability.

F.A.Q.

Can I still be charged fees on a payday loan in Stottville, New York?

No, you cannot be charged fees on a payday loan in Stottville, New York because these loans are illegal in the state.

Can I be evicted from my home for taking out a payday loan in Stottville, New York?

No, you cannot be evicted from your home for taking out a payday loan in Stottville, New York because these loans are illegal in the state.