Payday Loans in Summitville, New York

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
People's United Bank 2065 Wading River Manor Rd, Wading River, NY 11792 +1 (631) 929 - 6300
Tompkins Trust Co 86 North St, Auburn, NY 13021 +1 (315) 255 - 9078
Woodforest Bank 6788 NY-31, Newark, NY 14513 +1 (315) 331 - 2790
TIAA Bank Home Lending 411 Theodore Fremd Ave 235, Rye, NY 10580 +1 (914) 908 - 4082
M&T Bank 935 Hard Rd, Webster, NY 14580 +1 (585) 787 - 1080
Ascent Business Capital 721 Broadway Suite 125, Kingston, NY 12401 +1 (914) 372 - 6020
Astoria Bank Sands Shopping Center, 3535 Long Beach Rd, Oceanside, NY 11572 +1 (516) 678 - 0011
Pathfinder Bank 3775 NY-31, Liverpool, NY 13090 +1 (315) 593 - 4400
Curthoys CPA 6938 U.S. 9, Rhinebeck, NY 12572 +1 (845) 876 - 7811
Teachers Federal Credit Union 10 Vanderbilt Pkwy, Commack, NY 11725 +1 (631) 698 - 7000

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Summitville, NY, you can try to find different companies in big cities near by. Check out the following pages here: Bad Credit Loans in Poughkeepsie, NY, Payday Loan Without a Credit Check in Riverhead, NY, Quick Loan in Rochester, NY, Payday Loan Companies in Rome, NY, Guaranteed Loans in Rye, NY, Payday Loans in Schenectady, NY, Payday Loans in Smithtown, NY and Payday Loans in Southampton, 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 Summitville, NY.

Are Payday Loans Legal In Summitville, 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

Summitville, NY payday loan calculator

Understanding Payday Loans in Summitville, New York: A Comprehensive Guide

Payday loans, also known as cash advances, are short-term loans that are typically repaid on the borrower’s next payday. These loans are typically used by individuals who are in need of quick cash to cover unexpected expenses or other financial emergencies. However, it is important to note that payday loans are prohibited in Summitville, New York.

The Prohibition of Payday Loans in Summitville, New York

New York state law prohibits payday loans. This means that it is illegal for lenders to offer payday loans to consumers in Summitville. The law was put in place to protect consumers from high-interest rates and fees associated with payday loans.

If you are in need of cash in Summitville, there are other options available to you, such as personal loans, credit cards, or borrowing from friends or family. It’s important to explore all of your options before taking out any type of loan, especially if that loan comes with high fees and interest rates.

Why Are Payday Loans Prohibited in Summitville?

The prohibition of payday loans in Summitville, New York is due to concerns about the high fees and interest rates associated with these types of loans. In many cases, a payday loan can come with an annual interest rate of 400% or more. This means that if you borrow $100, you could end up paying back $400 or more in interest and fees.

Proponents of the prohibition of payday loans argue that they are predatory in nature and can trap borrowers in a cycle of debt. Many borrowers are unable to pay back the loan in full on their next payday and end up taking out another loan to cover the original loan, which can lead to a never-ending cycle of debt.

Alternative Options for Borrowers in Summitville

If you are in need of cash in Summitville, there are alternative options available to you. These include:

  • Personal loans
  • Credit cards
  • Borrowing from friends or family
  • Selling personal items

It is important to explore all of your options before taking out any type of loan. Personal loans and credit cards can offer lower interest rates and fees than payday loans. Borrowing from friends or family can also be a good option if you are in a pinch.

Interesting Facts About Payday Loans

  • The average payday loan borrower takes out 8 loans per year.
  • The average payday loan amount is $350.
  • Payday loans are banned in 14 states, including New York.
  • Payday loan borrowers are more likely to file for bankruptcy than those who do not use payday loans.

Apply Now

If you are in need of a loan, TheGuaranteedLoans can help connect you with potential lenders. Our service is a connector service, not a direct lender, and we work with a network of lenders who may be able to offer you a loan. To apply, simply fill out our online application and we will work to connect you with a lender who can offer you the cash you need.

Remember, when it comes to borrowing money, it’s important to explore all of your options and to choose a loan that is best for your financial situation. While payday loans may be tempting, they often come with high fees and interest rates that can be hard to pay back. Instead, consider alternative options such as personal loans, credit cards, or borrowing from friends or family.

F.A.Q.

How do I know if a lender is offering illegal payday loans in Summitville, New York?

Lenders offering illegal payday loans in Summitville, New York may not be licensed by the state and may have high interest rates and fees that are not allowed under state law.

What can I do if I have taken out an illegal payday loan in Summitville, New York?

If you have taken out an illegal payday loan in Summitville, New York, you can contact the New York State Department of Financial Services to report the lender and seek assistance in resolving the issue.