Payday Loans in Lanesville, New York

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

Company nameAddressZip codePhone number
Lowe Walter D CPA 3 Court St, Auburn, NY 13021 +1 (315) 258 - 9760
Chase Bank 405 W Rte 59, Monsey, NY 10952 +1 (845) 356 - 5150
Enterprise Rent-A-Car 1 Municipal Pl, Croton-On-Hudson, NY 10520 +1 (914) 271 - 0100
Canandaigua National Bank & Trust 99 West N Main St, Honeoye Falls, NY 14472 +1 (585) 624 - 1703
ESL Federal Credit Union 745 Long Pond Rd, Rochester, NY 14612 +1 (585) 336 - 1000
AmeriCU 10750 Enduring Freedom Dr, Fort Drum, NY 13602 +1 (800) 388 - 2000
First New York Federal Credit Union 424 Maple Ave, Saratoga Springs, NY 12866 +1 (800) 734 - 7375
ESL Federal Credit Union 200 Cobblestone Ct Dr, Victor, NY 14564 +1 (585) 336 - 1000
Bank of America Financial Center 101 Walt Whitman Rd, Huntington Station, NY 11746 +1 (631) 423 - 1001
Empower Federal Credit Union 520 S 2nd St, Fulton, NY 13069 +1 (800) 462 - 5000

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Lanesville, NY, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Islip, NY, Payday Loans in Ithaca, NY, Payday Loans in Jamestown, NY, Payday Loans in Lancaster, NY, Payday Loans in Levittown, NY, 24-Hour Loan in Long Beach, NY, Payday Loans in Manlius, NY and Bad Credit 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 Lanesville, NY.

Are Payday Loans Legal In Lanesville, 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

Lanesville, NY payday loan calculator

About Payday Loans in Lanesville, New York

Payday loans are a type of short-term loan that is typically used to cover unexpected expenses or to bridge the gap between paychecks. However, these loans are not legal in Lanesville, New York.

In 2009, the state of New York passed legislation that prohibited payday lending. This means that lenders cannot offer payday loans to consumers in the state, including those in Lanesville.

While there are no payday lenders operating in Lanesville, it is still important to be aware of the dangers that these loans can pose. In this article, we will take a closer look at payday loans, why they are prohibited in New York, and what alternatives are available to consumers.

The Dangers of Payday Loans

Payday loans may seem like a quick and easy solution to financial problems, but they can be extremely dangerous. These loans typically come with high interest rates and fees, which can quickly add up and result in a cycle of debt.

In addition to the high costs, payday loans are also known for their short repayment terms. Most payday loans must be repaid within two weeks, which can make it difficult for borrowers to meet their other financial obligations.

Many borrowers end up taking out additional loans to cover the costs of the original loan, which can result in a cycle of debt that is difficult to break. It is not uncommon for borrowers to end up paying back two or three times the amount they originally borrowed.

Why Payday Loans Are Prohibited in New York

As previously mentioned, payday lending is prohibited in New York. This is due in part to the high costs and short repayment terms associated with these loans. Regulations in the state are designed to protect consumers from these types of predatory lending practices.

New York’s Department of Financial Services (DFS) has taken a strong stance against payday lending. The department has targeted companies that attempt to offer payday loans to New York residents, issuing cease and desist orders and taking legal action against violators.

The DFS has also instituted a cap on interest rates for other types of loans, such as personal loans and installment loans. This helps to ensure that borrowers are not subject to high fees and interest charges.

Alternatives to Payday Loans in Lanesville, New York

Despite the fact that payday loans are not legal in Lanesville, there are still alternatives available to consumers who are in need of extra cash.

One option is to consider taking out a personal loan from a bank or credit union. These loans typically come with lower interest rates and longer repayment terms than payday loans, making them a more affordable option for many borrowers.

Another alternative is to explore credit card options. While credit cards also come with interest charges, the rates are typically lower than those associated with payday loans. Borrowers can also take advantage of rewards programs and other benefits offered by credit card companies.

Interesting Facts and Statistics

  • Payday loans are prohibited in 14 states, including New York.
  • The average APR for a payday loan in the United States is 391%.
  • In 2019, the average payday loan borrower took out 10 loans over the course of the year.
  • Payday lending is estimated to cost American families $3.4 billion each year in excessive fees and interest charges.

Apply Now

While TheGuaranteedLoans does not offer payday loans in Lanesville, we do offer a variety of loan options to consumers throughout the country. Our online application process is quick and easy, and we work with a network of trusted lenders to help you find the best loan option to meet your needs.

Apply now to get started. Please note that TheGuaranteedLoans is a connector service, not a direct lender, and we will facilitate your connection with potential lenders to help you find the right loan for your situation.

F.A.Q.

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

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

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

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