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New York limits the interest rates of lenders not licensed by the state, but some lenders partner with banks in deregulated states to offer payday loans to desperate and cash-strapped individuals in Staten Island, Manhattan and other New York areas. Consumers dealing with landlord tenant notices or debt collection efforts may take out payday loans for quick cash to pay certain bills, but they can find themselves suddenly trapped in a vicious cycle of additional costs and fees that lead to collection agency harassment.

If you are the victim of a payday loan in Nassau County, Kings County, or the greater New York area, Abraham Kleinman can end the harassment and possibly sue the payday lender for terms that violate New York state law.

Payday loans can adversely affect your credit report, but you should know that a debt collector may be liable for damages if they violate the Fair Debt Collection Practices Act (FDCPA) or local laws in their collection efforts against you. Despite most lenders being limited to a maximum interest rate of 16 percent, several online payday lenders charge annual interest ranging from 100 percent to over 1,000 percent. Kleinman LLC can review the terms of your payday loan and evaluate whether a debt collector has violated the FDCPA or New York laws.

Abraham Kleinman helps clients from Queens, Westchester and the greater New York area in a wide variety of consumer issues,



including mortgage problems, junk faxes, and merchant receipts disclosing excessive credit card information. If you are being harassed by collection agencies or debt buyers after taking out a payday loan, contact Kleinman LLConline or call (516) 522-2621. The experienced lawyer can author a cease and desist letter on your behalf and explore the possibility of suing your payday loan lender for violations of law.