New York Payday loans

Are New York payday loans legal?

Yes according to the law, New York payday loans are illegal and as such NY payday loan companies have rules they must follow.  Laws govern loan repayment periods, interest rates and fees. In the case of NY loans, APR is capped at 25%.  

Alternatives to New York payday loans

Here is a list of companies that offer New York payday loans or alternatives. Please do your research as each offer has their own advantages and disadvantages.

Other options to consider instead of New York payday loans

New York payday loan costs

Regardless of the type of credit you are given by a New York lending institution, you always have to pay the money back plus all fees and interest you signed up for. The interest you pay comes down to your credit history, the type of credit line you want, your employment history and your relationship with the institution itself. There are usually many types of fees such as application, disbursement, late payment and settlement fees.   We recommend you read the fineprint before you consider a New York payday loan or similar. Remember that depending on the loan type there will be a non-sufficient funds fee, that is, if your check bounces you will pay a fine.