Payday loans in Albany, New York |
Albany New York Cityscape

Compare your loan options in Albany, New York

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Payday loans are illegal in New York, but you do have other options.

When you don’t have the best credit, it can be hard to find a small loan that can help you deal with financial emergencies or gaps in your budget. This guide will give you alternative options for when you’re struggling to make ends meet.

What are the New York laws that affect Albany?

Because New York has banned payday lending under it’s usury and bank laws, residents of Albany aren’t able to take out a payday loan in-person, over the phone or online. If you’re in need of quick money for a bill or important purchase, there are other ways to get it.

Here’s extra information on New York’s payday loan laws

Do I have other options if I have bad credit?

Short-term, auto title and personal loans might be a bust, but there are other options out there. Some you may have tried, but all may be worth looking into:

Although you can’t get a payday or auto title loan in Albany, there are other ways to get quick money even if you don’t have the most perfect credit.

  • Borrow from people you know. You may be able to request an advance on your paycheck from your employer or borrow a little from friends and family.
  • Contact community organizations. Non-profit financial cooperatives and local credit unions may have options for small loans as long as you meet the eligibility criteria.
  • Talk to your creditors. Ask about arranging a payment plan or request more time between bills.
  • Local social services. Look into public services for assistance with heating costs, food and housing. New York has programs like the Home Energy Assistance Program (HEAP) and The Earned Income Tax Credit (EITC) to help you get by.

What about a credit card?

You could apply for a secured credit card or an unsecured card with easier approval. Although it won’t solve your short-term cash needs, it will give you a line of credit for making regular purchases every month.

Building positive credit history is one of the keys to unlocking future line of credit and loan opportunities. Consider a card like the Deserve® Classic Card that can help you make monthly purchases and reports to the credit bureaus to help you build credit history.

Our pick for building credit

Deserve® Classic Card

  • Apply if you’re new to credit or have a credit score of at least 650
  • $0 annual fee
  • No security deposit required
  • Credit limit up to $1,500
Read less
Read more

Our page on alternatives has more details

Why can't I get a short-term loan in Albany?

New York lawmakers have banned short-term lending because of its notoriously high costs. Unlike other forms of credit, short-term loans are known for their interest rates being well above 300%, and many consumer advocate groups consider this a predatory practice. Because of this, you won’t be able to get any type of short-term loan–like a payday advance or a title loan–in the state of New York.

Cash advances locations near you in Albany, NY

Cash advance store locations in Albany

  • Cash In Advance. 71 Central Ave, Albany, NY 12206
  • Regina Check Cashing & Financial Services. 911 Central Ave, Albany, NY 12206
  • Regina Check Cashing Corporation. 24 Central Ave, Albany, NY 12210

Frequently asked questions

Image: Wikimedia Commons

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

US Payday Loans Offers

Important Information*
CashNetUSA Loan

Apply for a short-term loan with an easy online application and dedicated customer service.

Check into Cash Payday Loan

With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

OppLoans Installment Loans

Installment loans with competitive rates from a top-rated direct lender.

LendYou Short-term Loans

Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.

Go to site