Ridgewood Savings Bank Payday Loans Review

5 2 reviews

Organization owner?

711 Allerton Ave, The Bronx, NY 10467, USA

+1 (718) 882-2220

branches.ridgewoodbank.com

Saturday

8:30AM–2PM

Sunday

Closed

Monday

8:30AM–5PM

Tuesday

8:30AM–5PM

Wednesday

8:30AM–5PM

Thursday

8:30AM–5PM

Friday

8:30AM–7PM

Domain Info

Created Date

1996-06-22

Mailing Address

NY, United States

Company Name

Ridgewood Savings Bank

Contact Data

Feedback about Ridgewood Savings Bank?

Here you read the feedback of our clients.

I issued a loan in the amount of $900. With interest, the repayment turned out to be 1,070. The next promised loan is only $1,000. Why if I successfully paid more.

Mr. Elwyn Greenholt PhD

I borrowed $300 for several days. When the cash advance was returned, they applied a huge fees, I had to pay almost $400.

Jailyn Hyatt

Not very satisfied with the hidden subscription to healthcare insurance in the amount of $19. But it turned out to be very easy to solve, by means of customer deprtment.

Dr. Sigurd McLaughlin I

I tried to borrow money from Ridgewood Savings Bank. They declined. Well, that's okay. But how many calls, texts and mails came at once. I do not recommend this company.

Ally Mayer

I took out $300 for several days. When the funds were returned, they applied a huge commissions, I had to pay almost $400.

Kareem Roberts

I issued only $100, and they promised the first customers get 0%, the money was credited quickly. When I looked at the contract, it turned out that the overpayment would be 100%. In general, I do not recommend this service, huge overpayment.

Magnolia Mraz Jr.

Pay Attention

Lending companies are described in the first three points. Below info defines common information about payday loans.

Payday Loans in Bronx, New York

A short-term lending option is considered as a payday loan. This is a type of a financial product taken out for 2,3 weeks. Available loan amounts range from $100-$1,000.

Payday loans in Bronx, New York are taken out easily. The interest percentage depends on the borrower's personal data: if you repay more payday loans, the more efficient terms and rates payday lending companies guarantee.

APR

25% small loan cap

How will Ridgewood Savings Bank help issue a payday loan in Bronx, New York?

24/7 operation. Such Internet services allow you to deposit funds at any time. Funds are issued day and night. The transfer will be sent to a bank account, so a personal visit to the department is not necessary.
No paperwork. The list of required documents is minimal. In most cases, an ID is needed. You do not need to provide a certificate of income.
Online application. The application is filled out and reviewed much faster than in banks. Money is transferred within 24 hours after receiving approval.
High approval level. When it comes to small amounts, a positive decision comes up 98%.
Availability. Banks impose more stringent requirements on their customers. Age limits and bad credit will become barriers to taking out a loan. Payday lenders are more loyal to borrowers. The presence of minor delays and a low score does not guarantee denial.

What data to fill out in the application? - General Info

To submit an application, every borrower should fill out the following data:

Your loan:

Loan Amount, Loan Purpose, Email Address

About You:

First Name, Last Name, Date Of Birth, Primary Phone Number, Driver's License Number, Your SSN

Your Address:

Zip Code, Street Address

Your Income:

How often do you get paid?, Next Paydate, Type of Account, How do you get paid?

Your Employment:

Your Income Source, Are you in the military?, Your Employer Name, Your Monthly Net Income, Your Employer Phone Number

Your Credit:

If you have $10,000+ in unsecured debt and would like one of our partners to contact you?, What`s your approximate credit rating?

Finally:

Select your Bank, Select your Bank’s State, ABA/Routing Number, Account Number

Then you have to submit an application and get a deal.

Why people issue payday loans?

70%

Utility Bills

80%

Healthcare Bills

60%

Traveling

20%

Car Repair

30%

Clothes

What data to fill in in the application? - General Info

If you are declined a loan at bank, the reason may be a bad credit history. This is a factor processed when deciding to issue a cash advance. Lenders do not consider this factor the only one to take out a loan in Bronx, New York. The lending company will assess many points to qualify such as financial capabilities. Cash advance will be a way to improve your bad credit score into a favorable one.

The following common points will be rated before applying for a payday loan:

be at least 18 years old;
be a U.S. citizen;
be employed and have a reliable source of income;
have a checking account;
have a valid email address and phone number.

Rate Your Credit Score

Low

Low Rate

300

Lower than Average

579

No way to issue a loan
No ability to rent a room

Average

Average Rate

670

High Rate

739

80% of loan approval
Apply for all loan types

Perfect

Great Score

740

Perfect Score

799

95% of loan approval
Apply for all loans incl. mortgage

Rate your APR

If you need to find out the APR of the payday loan, you are welcome to apply the calculator. It will specify the cost of the loan.

APR Calculator

Other Payday Lenders in Bronx, New York