Payday Loans in Treadwell, 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 Treadwell, NY. Consider companies in other cities:

Company nameAddressZip codePhone number
Turney's Auto Repair & Sales 69 NY-394, Kennedy, NY 14747 +1 (716) 267 - 4335
Abrs Check Cashing 92 Court St, Brooklyn, NY 11201 +1 (718) 875 - 0057
Teachers Federal Credit Union 2557 Hempstead Turnpike, East Meadow, NY 11554 +1 (631) 698 - 7000
Capital One Bank 3230 Sunrise Hwy, Wantagh, NY 11793 +1 (516) 882 - 4302
Sba Loan Group 1650 Eastern Pkwy, Brooklyn, NY 11233
KeyBank 1 N Main St, Cortland, NY 13045 +1 (607) 758 - 2200
Community Bank, N.A. 121 Main St, Massena, NY 13662 +1 (315) 769 - 3102
Peoples Security Bank & Trust Company 1026 Conklin Rd, Conklin, NY 13748 +1 (607) 722 - 2114
North Country Savings Bank 31 Main St, Potsdam, NY 13676 +1 (315) 265 - 2300
AmeriCU 231 Hill Rd, Rome, NY 13441 +1 (800) 388 - 2000

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Treadwell, NY, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Islip, NY, Payday Loans in Ithaca, NY, Payday Loans in Jamestown, NY, Payday Loans in Lancaster, NY, Payday Loans in Levittown, NY, Payday Loan Companies in Long Beach, NY, Payday Loan Without a Credit Check in Manlius, NY and Payday Loans in Mount Vernon, 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 Treadwell, NY.

Are Payday Loans Legal In Treadwell, 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

Treadwell, NY payday loan calculator

In today’s tumultuous economy, people often find themselves in need of quick cash to cover unexpected expenses. In some cases, a payday loan may seem like the answer to these financial problems. However, it’s important to understand the laws and regulations surrounding payday loans in your state. In New York, payday loans are not only heavily regulated, but they are also completely prohibited.

What is a Payday Loan?

Payday loans are small, short-term loans with very high interest rates. These loans are typically due on the borrower’s next payday. Borrowers write post-dated checks or provide authorization for an electronic debit for the full amount of the loan plus fees. If the borrower is unable to repay the loan on time, they may be able to roll the loan over for an additional fee. This cycle of debt can quickly spiral out of control, leaving borrowers in a worse financial situation than before.

Payday Loan Regulations in Treadwell, New York

Payday loans are illegal in New York. The state’s Small Loan Act and Criminal Usury Statute prohibit lenders from charging more than 25% interest on loans with a term of less than 60 days. Since payday loans typically have interest rates that far exceed 25%, they are considered illegal in the state of New York. In addition, the state’s Department of Financial Services has sent cease-and-desist letters to payday lenders operating illegally.

It’s important to note that online payday lenders still operate in New York, despite being illegal. These lenders often prey on people in need of immediate cash and charge exorbitant interest rates and fees. It’s essential to avoid these lenders and seek out legal and regulated lending options.

Alternative Lending Options in Treadwell, New York

While payday loans may seem like the quickest and easiest solution to financial problems, they are not the only option available to residents of Treadwell, New York. There are several alternative lending options that are both legal and regulated, including:

  • Personal loans from banks or credit unions
  • Credit card cash advances
  • Short-term loans from community organizations or charities

These lending options offer lower interest rates and fees than payday loans and provide borrowers with a longer repayment period. It’s essential to explore all options before considering a payday loan.

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

  • Payday loans are illegal in New York, but many online lenders still operate in the state.
  • The average payday loan borrower in New York takes out eight loans per year.
  • The average payday loan in New York has an annual interest rate of 391%.
  • Payday loans lead to a cycle of debt for many borrowers, with 80% of payday loans in New York being rolled over or renewed.

Apply Now

While payday loans are illegal in Treadwell, New York, TheGuaranteedLoans can help connect you with alternative lending options. We are a connector service that works with a network of reputable lenders to provide borrowers with access to loans that fit their individual needs. Fill out our online application today to get started!

Please note that TheGuaranteedLoans is not a direct lender, and we do not make credit decisions. We are a connector service that connects borrowers with potential lenders. Our service is completely free to use, and there is no obligation to accept any loan offers.

F.A.Q.

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

Lenders offering illegal payday loans in Treadwell, 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 Treadwell, New York?

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