Payday Loans in Allenton, Michigan

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No payday loan companies in Allenton, MI. Consider companies in other cities:

Company nameAddressZip codePhone number
Advantage Cash Advance 7722 E 8 Mile Rd, Detroit, MI 48234 +1 (313) 422 - 8785
PFCU Flint, Van Slyke Rd 3311 Van Slyke Rd, Flint, MI 48507 +1 (844) 517 - 3611
Alliance Catholic Credit Union 35353 Dodge Park Rd, Sterling Heights, MI 48312 +1 (877) 950 - 2228
Accounting & Financial Services 695 Beulah Hwy, Beulah, MI 49617 +1 (231) 882 - 5510
KeyBank 8031 Summerfield Rd, Lambertville, MI 48144 +1 (734) 856 - 6745
Instant Cash 1284 M-89, Plainwell, MI 49080 +1 (269) 685 - 4000
Advance America 3730 Alpine Ave NW, Comstock Park, MI 49321 +1 (616) 647 - 0144
Bank Michigan 417 S Main St, Brooklyn, MI 49230 +1 (517) 592 - 3205
Members First Credit Union 3641 N Clare Ave, Harrison, MI 48625 +1 (855) 835 - 6328
Northland Area Federal Credit Union 190 US-23, Harrisville, MI 48740 +1 (989) 739 - 1401

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Allenton, MI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for East Lansing, MI, No Credit Check Loans in Eastpointe, MI, Payday Loan for Flint, MI, Payday Loans in Grand Rapids, MI, Emergency Loan in Holland, MI, Payday Loans in Jackson, MI, Payday Loans in Kalamazoo, MI and Payday Loans in Lansing, MI. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Allenton, MI.

Are Payday Loans Legal In Allenton, Michigan?

Loan Rates and Fees, Laws and Regulations in Michigan.

Michigan Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)369
Maximum Loan Amount$600
Minimum Loan TermNot Specified
Maximum Loan Term31 days
Number of Rollovers Allowed0
Finance Charges15%-11% (depending on the number of $100 transactions)

Allenton, MI payday loan calculator

Payday Loans in Allenton, Michigan: Everything You Need to Know

If you’re a resident of Allenton, Michigan, and you’re struggling to make ends meet, you may be considering taking out a payday loan. Payday loans are a type of short-term loan that can help you get through financial emergencies. But before you apply, it’s important to understand how they work and what you’re getting into. In this article, we’ll go over everything you need to know about payday loans in Allenton, Michigan.

What Are Payday Loans?

Payday loans are a type of short-term loan that are typically due on your next payday. They’re designed to help you get through financial emergencies, such as unexpected bills or car repairs. You can typically borrow between $100 and $1,000, depending on your income and other factors.

Are Payday Loans Legal in Michigan?

Yes, payday loans are legal in Michigan. However, there are some restrictions in place to protect consumers. For example, lenders can’t charge more than 15% of the amount borrowed in fees. They also can’t lend more than $600 to a borrower at a time.

How Do Payday Loans Work?

To apply for a payday loan, you’ll typically need to provide proof of income and a valid ID. You’ll then write a post-dated check for the amount you’re borrowing, plus fees and interest. The lender will hold onto the check until your next payday, when they’ll cash it.

If you’re unable to repay the loan on your next payday, you may be able to roll it over to the following payday. However, this will typically result in additional fees and interest.

What Are the Fees and Interest Rates?

Payday lenders in Michigan can charge up to 15% of the amount borrowed in fees. For example, if you borrow $300, you could be charged up to $45 in fees. Additionally, you’ll be charged interest on the loan. The interest rate can vary depending on the lender and the amount borrowed, but it can be as high as 390%.

The Risks of Payday Loans

While payday loans can be a useful tool in a financial emergency, they come with significant risks. The high fees and interest rates can make it difficult to repay the loan, which can lead to a cycle of debt. Additionally, some lenders have been known to engage in predatory lending practices, such as charging excessive fees or harassing borrowers who are unable to repay the loan.

Interesting Facts and Statistics about Payday Loans in Allenton, Michigan

– Payday loan borrowers in Michigan typically take out eight loans per year
– The average payday loan in Michigan is for $375
– African Americans are more likely to use payday loans than other ethnic groups in Michigan

Applying for a Payday Loan on TheGuaranteedLoans

If you’re considering a payday loan in Allenton, Michigan, TheGuaranteedLoans can help. We’re a connector service that can connect you with potential lenders in your area. To apply, simply fill out our online application form and we’ll match you with lenders who may be able to offer you a loan. We do not directly lend money, but rather connect you with those who do.

Conclusion

Payday loans can be a useful tool for getting through financial emergencies. However, they come with significant risks and should be used with caution. If you’re considering a payday loan in Allenton, Michigan, be sure to carefully consider the fees and interest rates involved. And if you do decide to apply, consider using a connector service like TheGuaranteedLoans to help you find a lender that can work with you.

F.A.Q.

Can I apply for a payday loan online in Allenton, Michigan?

Yes, you can apply for a payday loan online in Allenton, Michigan. However, make sure to research and compare different lenders to find the best terms and rates.

What is the maximum number of payday loans I can have at one time in Allenton, Michigan?

The maximum number of payday loans you can have at one time in Allenton, Michigan is two.