Payday Loans in Houghton Lake Heights, 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 Houghton Lake Heights, MI. Consider companies in other cities:

Company nameAddressZip codePhone number
TruNorth Federal Credit Union 1419 N 2nd St, Ishpeming, MI 49849 +1 (906) 485 - 1210
Crickets Home of The Payday Advance 33471 Ford Rd, Garden City, MI 48135 +1 (734) 956 - 6916
Lendio SW Michigan 251 N Rose St Suite 200, Kalamazoo, MI 49007 +1 (269) 231 - 4660
Fifth Third Bank & ATM 123 W Main St, Gaylord, MI 49735 +1 (989) 705 - 7053
Ready Money 521 N Lake St c, Ironwood, MI 49938 +1 (906) 285 - 7015
Check n Go 13338 E Jefferson Ave, Detroit, MI 48215 +1 (313) 331 - 5500
Fifth Third Bank & ATM 300 E Mitchell St, Petoskey, MI 49770 +1 (231) 439 - 8500
Team One Credit Union 1243 E Main St, Owosso, MI 48867 +1 (989) 723 - 2243
It Takes Money To Make Money 1044 Cooper St, Jackson, MI 49202 +1 (517) 962 - 5276
Superior Auto, Inc 125 S Centerville Rd, Sturgis, MI 49091 +1 (269) 659 - 8384

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Houghton Lake Heights, MI, you can try to find different companies in big cities near by. Check out the following pages here: Quick Loan in Flint, MI, Payday Loans in Grand Rapids, MI, Payday Loans in Holland, MI, Payday Loans in Jackson, MI, Payday Loans in Kalamazoo, MI, Emergency Loan in Lansing, MI, Payday Loans in Lincoln Park, MI and Payday Loans in Livonia, 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 Houghton Lake Heights, MI.

Are Payday Loans Legal In Houghton Lake Heights, 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)

Houghton Lake Heights, MI payday loan calculator

Payday loans are a type of short-term loan that is typically given to borrowers who need quick access to cash. The loans are usually due on the borrower’s next payday and typically come with high-interest rates. While these loans can provide a lifeline for people who are in desperate need of cash, they can also be risky and expensive if borrowers are not careful.

How Do Payday Loans Work in Houghton Lake Heights, Michigan?

In Michigan, payday loans are legal, but with certain restrictions. According to the Michigan Department of Insurance and Financial Services, payday lenders can only lend up to $600 per loan, and borrowers can only have two outstanding payday loans at a time. The loan term cannot exceed 31 days, and the interest rate is limited to 15% for the first $100 of the loan amount, 14% for the second $100, 13% for the third $100, 12% for the fourth $100, and 11% for the fifth and sixth $100.

In Houghton Lake Heights, Michigan, there are several payday loan lenders that offer loans to borrowers who meet the eligibility requirements. These lenders may require borrowers to provide proof of income and identification, and they may also conduct credit checks before approving loans. Borrowers should carefully review the terms and conditions of any loan offer before accepting it to ensure that they understand the fees and charges associated with the loan.

Pros and Cons of Payday Loans

Payday loans can be a good option for people who need quick access to cash, but they can also be expensive and risky. Here are some of the pros and cons of payday loans:

Pros:

  • Quick access to cash
  • No credit check required
  • Can be convenient for people who cannot qualify for traditional loans

Cons:

  • High interest rates
  • Short repayment terms
  • Can lead to a cycle of debt if not repaid on time
  • May require collateral or a co-signer

Interesting Facts and Statistics About Payday Loans in Houghton Lake Heights, Michigan

  • In 2019, Michigan residents took out more than 1.7 million payday loans, totaling more than $839 million in loan volume.
  • The average payday loan in Michigan was for $368, and the average borrower took out 8 loans per year.
  • In Houghton Lake Heights, Michigan, there are several payday loan lenders within a 10-mile radius.
  • The Michigan Department of Insurance and Financial Services provides resources for consumers who are considering payday loans, including a financial calculator that allows borrowers to compare loan options and calculate potential fees and interest rates.

Apply Now

If you’re considering a payday loan in Houghton Lake Heights, Michigan, TheGuaranteedLoans can help. We are a connector service that can help you find potential lenders who can provide the cash you need. Just fill out our online application, and we will match you with lenders who meet your specific needs. Keep in mind that we are not a direct lender, and the terms and conditions of your loan will be determined by the lender you choose. Apply now and get the cash you need today!

F.A.Q.

Are payday loans legal in Houghton Lake Heights, Michigan?

Yes, payday loans are legal in Houghton Lake Heights, Michigan. However, there are certain regulations in place that lenders must follow in order to offer these loans. These regulations include limits on the amount that can be borrowed, as well as the fees and interest rates that lenders can charge.

What are the requirements for obtaining a payday loan in Houghton Lake Heights, Michigan?

In order to obtain a payday loan in Houghton Lake Heights, Michigan, borrowers must be at least 18 years old, have a valid ID, and have a steady source of income. Additionally, borrowers must provide the lender with proof of income and a valid bank account.