PaydayLoanNY.com Review: Seems Legit but Lacks Reviews

What is PaydayLoanNY.com?

Payday Loan NY is not a lender and does not make any credit decisions. It provides an online matching service and does not serve as a representative or a broker. This website helps users to save a lot of time by connecting them to an extensive network of trusted lenders. They strive to offer you the best option. Using this website, you can get the needed funds easily and quickly. Payday Loan NY claims to be dedicated to your financial security and to comply with the highest security standards.

Types of Loans

The website can be used to find the best payday loan offers. A payday loan is an unsecured, short-term loan that serves a bridge to your next payday. Most often they are used to cope with small emergency expenses. Most such loans can be obtained very quickly. The purpose of your loan is at your discretion. You can use the cash to pay for medical bills, a car or home repair or even for a wedding. Unlike a bank, there are no strict requirements to qualify for an online loan.

According to the website, you will get the money deposited to your checking account within 24 hours.

Terms of Use

Using this website, you can apply for $100 – $1,000, the final amount will be decided by the direct lender.

There is no cost to apply for a payday loan through PaydayLoanNY.com. The company simply tries to connect you with a suitable direct lender from its wide database.

The matching service does not have any control over your annual percentage rate and fees. These details will be disclosed by your lender upon approval. According to the website, the rates are competitive and comply with all state and federal laws.

To qualify for a payday loan, you must:

1. Be at least 18 years of age;
2. Be a citizen or permanent resident of the United States;
3. Be employed for at least 3 months at your current job;
4. Earn at least $1000 each month;
5. Have a checking account in your name.

Whether you are a home owner or not, it does not affect your eligibility for a loan.

The company cooperates with numerous lenders so the rates may differ. They quoted rates for a 14-day loan established by the most popular payday loan lenders:

Pay Day One

• $100 – $22.88 in finance charges;
• $200 – $45.77 in finance charges;
• $500 – $114.42 in finance charges;
• $1,000 – $228.24 in finance charges.

Midwest R&S Corporation

• $100 – $22.38 in finance charges;
• $200 – $44.76 in finance charges;
• $500 – $111.91 in finance charges;
• $1,000 – $223.83 in finance charges.

Cash Net USA

• $100 – $25.48 in finance charges;
• $200 – $50.96 in finance charges;
• $500 – $127.40 in finance charges;
• $1,000 – $254.79 in finance charges.

NCP Finance Limited Partnership

• $100 – $25.38 in finance charges;
• $200 – $50.76 in finance charges;
• $500 – $126.91 in finance charges;
• $1,000 – $253.83 in finance charges.

Before you decide to accept a loan offer, be sure to consider all your options and read the contract closely, including the original loan amount, fees, rates, period and all other details.

Application

You can apply for a payday loan NY online. They accept applications 24/7. All in all, you simply need to complete 3 easy steps: complete application, Esign the agreement, get your cash.

During application, you will be asked to enter your full name, address, work and home phone numbers, email address, house type, loan amount needed, 1st mortgage balance, current interest rate, current payment, credit score, place of work, time employed, income per year, best time to call, a some other details.

The company informs users that the lenders from its network may verify a social security number, driver license number, national ID, or any other identifications.

They also mention that clients typically neither need to fax any personal details nor need to provide any collateral.

Repayment

Typically, payday loans are repaid on your next payday. The funds will be electronically withdrawn from your bank account.

If you wish to repay your loan before the due date, you should contact your lender and discuss the available options. If your lender allows early loan repayment, you may get a partial refund of your loan fees. The due date and repayment fees (including non-payment penalties) will be disclosed in your contract.

Extension

If you cannot repay your loan on the scheduled due date, you may be eligible for an extension. But the company recommends you to make every effort to clear your debt on the due date to avoid late fees.

With Payday Loan NY, you cannot have more than one payday loan at a time – all other loans must be paid off before another may be requested.

PaydayLoanNY.com Bad Credit

Bad credit score will not prevent you from getting a payday loan through this website. As long as you meet the basic loan requirements, you will be approved for a loan.

Technical Characteristics of the Website

Сonnection

PaydayLoanNY.com claims to use the highest encryption technologies on the web that ensures the protection of users’ sensitive personal data. According to the company’s owner, their servers are daily security checked to ensure your information is secure. They claim their website uses a 128-bit Secure Socket Layer (SSL) encryption technology. In fact, it turned out that this is far from the truth and the connection is NOT secure.

Regretfully, I conclude that the website cannot provide safe and secure online payday loans.

Mobile Version

The mobile version is a separate version of the site, generally repeating the main one, but simplified. Fortunately, PaydayLoanNY.com does have a mobile version, which is convenient to use on smartphones and tablet computers.

The mobile version has are only basic user functions, and the user can comfortably move around the entire site, search and find all the necessary information there. Everything is incredibly clear, and the mobile version, in fact, serves only as a special layout that can be viewed on different mobile devices.

The mobile version has a large number of important advantages, including:

• High loading speed. The pattern is completely customized for use on mobile devices, and a high speed can be achieved even with poor communication;
• Convenience for users. The mobile version does not have any unnecessary functions that are not needed;
• Ability to switch to the desktop version of the website. This is important for users.

Antivirus

Regretfully, PaydayLoanNY.com is not checked for viruses and dangerous programs and other vulnerabilities. The website does not use an antivirus program, which means your sensitive data is vulnerable and you may infect your computer with viruses. Also, hackers may steal your personal and financial data. I would recommend the website’s administration to make every effort to eliminate this drawback by installing an advanced antivirus program.

Convenience of Use

Using this matching service is very easy. For users’ convenience, PaydayLoanNY.com doesn’t require you to register on the site. Also, they promise not to send applicants any newsletters or updates unless they wish to receive them. To apply for a loan, you simply need to fill out and submit the online application. The company will start to match you with a lender immediately and will notify you of your status in a few seconds. To start the process, you need to move the slider to decide how much money you want to get, enter your zip code and click a “Get Cash Now button”:

Once matched with a lender, you will be redirected to a new website. The lender will disclose all rates, fees and terms before you sign the contract. This means you cannot see your rates and fees in advance. Once you have accepted the offer, the cash will be deposited into your bank account in 24 hours.

I appreciate that the company designed a separate FAQ page which contains answers to the most popular questions.

In general, the process is simple and the website is convenient to use but you should remember that this site is only a matching service and you will have to finish your application on a website of a third-party lender.

Is PaydayLoanNY.com Legit?

ScamAdviser gave the maximum trust rating to Payday Loan NY meaning that this website is safe to use:

According to ScamAdviserreport, the site is located in the United States and has been active for over 6 years. Besides, it has lots of visitors and a great value. Nothing testifies that this matching service is a scam.

PaydayLoanNY.com Reviews

On-site Reviews

Regretfully, customer reviews are not available at the company’s own website. I found no page where you can share your personal experience with this referral service. All users want to read reviews posted by previous clients. For this reason, I had to search for any reviews posted on independent third-party online sources.

Reviews on Third-Party Websites

Unfortunately, I did not find any Payday Loan NY reviews on the net, which means that this matching tool is not very popular. Probably, clients prefer to review the direct lenders they are matched with but I would be happy to come across at least a few comments about this company. Since I found no reviews on the net, I cannot assess the performance of this company. If you ever find any testimonials left by the previous users, please leave a comment below.

Customer Support

Contact Information

I found neither Payday Loan NY address nor a phone number. They only mention their e-mail: info@paydayloanny.com. This information is just not enough to call this company transparent. Users need much more details about a matching service.

PaydayLoanNY.com Locations

Payday loans are available in the following cities: Albany, Amsterdam, Auburn, Batavia, Beacon, Binghamton, Buffalo, Canandaigua, Cohoes, Corning, Cortland, Dunkirk, Elmira, Fulton, Geneva, Glen Cove, Glens Falls, Gloversville, Hornell, Hudson, Ithaca, Jamestown, Johnstown, Kingston, Lackawanna, Little Falls, Lockport, Long Beach, Mechanicville, Middletown, Mount Vernon, New Rochelle, New York, Newburgh, Niagara Falls, North Tonawanda, Norwich, Ogdensburg, Olean, Oneida, Oneonta, Oswego, Peekskill, Plattsburgh, Port Jervis, Poughkeepsie, Rensselaer, Rochester, Rome, Rye, Salamanca, Saratoga Springs, Schenectady, Sherrill, Syracuse,Tonawanda, Troy, Utica, Watertown, Watervliet, White Plains, Yonkers.

Getting a Consultation

The company mentioned its email address but asked to contact their representatives via a secure contact form which can be found in a “Contact” section.

I sent a question using this form but they neglected it. I conclude that Payday Loan NY customer service is far from perfect and needs improvements.

Conclusion

PaydayLoanNY.com is a matching service which offers residents of the United States to get short-term payday loans ranging from $100 to $1,000. Bad credit does not prevent you from getting a loan. The application is purely online, fast and does not require paperwork. ScamAdviser gave this website a maximum trust rating, which adds it some trust. Besides, the website has been operating for 6 years and was not banned during this period which is a good indicator. However, there are some things that make this referral tool unrecommended. First of all, I found no reviews for this company, Besides, Payday Loan NY is not a lender but only a matching service. Being just a link between you and a lender, this company is not able to disclose rates and fees of your loan in advance. I also dislike that the site is not using any encryption technology which makes users’ personal data vulnerable. The website contains links to other sites and claims that they are not responsible for the privacy practices of such other sites. For all these reasons, I advise that you search for others websites that are more trusted and popular.