Margaretville at a glance
- Population: the Census estimates 487 residents, ranking 523rd of 595 places in New York (Vintage 2023).
- 2020 Census base: 532 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: a decline of roughly 8.5% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among New York places: 523rd of 595 by population (US Census Bureau, Vintage 2023).
- Size percentile: it is larger than about 12% of the places in New York (US Census Bureau).
- Coordinates: mapped at 42.1453, -74.6507 by the US Census Bureau Gazetteer.
- Nearest larger cities: Delhi, NY (16 mi); Stamford, NY (18 mi); Liberty, NY (25 mi); Walton, NY (25 mi); Tannersville, NY (27 mi) (Census populations, approximate straight-line distance).
- Smaller towns nearby: Fleischmanns, NY (6 mi); Hobart, NY (16 mi); Hunter, NY (23 mi) (US Census Bureau).
What a personal loan costs in Margaretville
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
If you are consolidating debt, the loan only helps if you stop adding to the balances it clears; otherwise the total debt grows.
New York lending rules that apply in Margaretville
The sourced rows below are the rules a licensed lender must follow when lending in New York, and therefore in Margaretville.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | Licensed Lender license required (Banking Law Article 9, sections 340-361); administered via NMLS Source says: "The Department of Financial Services uses the Nationwide Multistate Licensing System and Registry (NMLS) to manage the Licensed Lender License." | New York State Department of Financial Services as of 2026-09-16 |
| State lending regulator | New York State Department of Financial Services (DFS) Source says: "Notify the Department of Financial Services at (800) 342-3736 if you believe payday loans are being made in New York" | New York State Department of Financial Services as of 2026-09-16 |
| Criminal usury in the second degree (Penal Law 190.40) | Interest rate exceeding 25% per annum; class E felony Source says: "at a rate exceeding twenty-five per centum per annum or the equivalent rate for a longer or shorter period" | New York State Senate (Open Legislation) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 16% per annum maximum civil rate (Banking Law 14-a; General Obligations Law 5-501) Source says: "The maximum rate of interest provided for in section 5-501 of the general obligations law shall be sixteen per centum per annum." | New York State Senate (Open Legislation) as of 2026-09-16 |
| Payday lending status | Illegal in New York State, in person, by telephone, or over the Internet Source says: "Payday loans are illegal in New York State." | New York State Department of Financial Services as of 2026-09-16 |
How to compare offers in Margaretville
The order below is a sensible way to approach a loan in Margaretville:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in New York using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.