Payday Loans in Clayton, Michigan

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
HPC Credit Union 1234 W Chisholm St, Alpena, MI 49707 +1 (989) 354 - 4698
Frankenmuth Credit Union Thomas Township 7531-1 Gratiot Rd Suite 1, Saginaw, MI 48609 +1 (989) 497 - 1600
Thomas G Bickersteth & Associates 223 Bridge St, Charlevoix, MI 49720 +1 (231) 547 - 4602
Barron Title Agency 309 Petoskey Ave, Charlevoix, MI 49720 +1 (231) 547 - 8003
Horizon Bank 1041 E Napier Ave, Benton Harbor, MI 49022 +1 (269) 982 - 0018
Check n Go 17118 Fort St, Wyandotte, MI 48193 +1 (734) 284 - 1555
Flagstar Bank 101 W Washington St, Marquette, MI 49855 +1 (906) 228 - 1203
Kruzel Insurance and Financial Services Agency 310 S Lake St 4, Boyne City, MI 49712 +1 (231) 582 - 4848
Huntington Bank 201 State St, Charlevoix, MI 49720 +1 (231) 547 - 3372
BlueOx Credit Union - Battle Creek 115 Riverside Dr, Battle Creek, MI 49015 +1 (800) 648 - 8035

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Clayton, MI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Roseville, MI, No Credit Check Loans in Royal Oak, MI, Payday Loan Without a Credit Check in Saginaw, MI, Payday Loans in Saint Clair Shores, MI, Payday Loans in Southfield, MI, Payday Loan Companies in Sterling Heights, MI, Payday Loan for Taylor, MI and Short-term Loans in Troy, 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 Clayton, MI.

Payday Loans Available in Clayton, MI By The Following ZIP Codes:

49235

Are Payday Loans Legal In Clayton, 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)

Clayton, MI payday loan calculator

Payday Loans in Clayton, Michigan: What You Need to Know

If you find yourself in a situation where you need cash fast, a payday loan may be the solution you are looking for. Although payday loans have a somewhat controversial reputation, they can be a helpful option when used correctly. In Michigan, payday loans are completely legal.

What is a Payday Loan?

A payday loan is a short-term loan that is usually due on your next payday. These loans are typically small, ranging from $100 to $1,000, and can be used to cover unexpected expenses or emergency bills.

In Michigan, payday lenders are required to be licensed and regulated by the Michigan Department of Insurance and Financial Services. They must also abide by certain laws and regulations, including:

  • Maximum loan amount of $600 per loan
  • Maximum loan term of 31 days
  • Maximum finance charge of 15% on the first $100 of the loan, and 14% on the remaining amount

How to Apply for a Payday Loan in Clayton, Michigan

If you are considering applying for a payday loan in Clayton, Michigan, the process is relatively simple. You will need to provide the lender with your personal information, such as your name, address, and social security number, as well as proof of income and employment. Most lenders will require a post-dated check or access to your bank account to withdraw the funds on your next payday.

It is important to note that payday loans can have high interest rates and fees, so it is essential to read the terms and conditions carefully before agreeing to anything.

The Benefits of Payday Loans

While payday loans can have a negative reputation, they do have some benefits when used responsibly. For example, payday loans:

  • Are easily accessible for those who have bad credit or no credit history
  • Can be used for emergencies or unexpected expenses
  • Can be obtained quickly, often within a few hours

Interesting Facts and Statistics About Payday Loans in Clayton, Michigan

According to a report by the Center for Responsible Lending, Michigan payday borrowers are indebted on average for 103 days a year. The average borrower takes out eight loans of $375 each per year and pays $520 in interest. In addition, payday lenders drain over $103 million per year in fees from Michigan residents.

Apply Now

If you are in need of a payday loan in Clayton, Michigan, TheGuaranteedLoans can help connect you with potential lenders. We are a connector service, not a direct lender, and strive to educate our clients on the best loan options available to them. Fill out our online application today to get started.

Remember, payday loans should be used as a last resort and only when necessary. Borrowing too much can lead to a vicious cycle of debt that can be difficult to break free from. Always read the terms and conditions carefully and understand the full cost of the loan before agreeing to anything.

F.A.Q.

Is there a limit to the number of payday loans I can take out in Clayton, Michigan?

in Clayton, Michigan, borrowers are limited to no more than two payday loans in a 90-day period.

Can I be sued for not repaying my payday loan in Clayton, Michigan?

Yes, if you are unable to repay your payday loan in Clayton, Michigan, the lender may choose to sue you for the unpaid balance.