Payday Loans in Livonia, 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.

Payday Loan Companies in Livonia, MI

Company nameAddressZip codePhone number
Advance America 29209 Plymouth Rd 48150 +1 (734) 762 - 0397
Advance America 31188 Five Mile Road 48154 +1 (734) 425 - 0246
Catholic Vantage Financial 36111 Five Mile Road 48154 +1 (734) 432 - 0212
Check Into Cash 30218 Plymouth Rd 48150 +1 (734) 261 - 7812
CheckSmart 33320 Plymouth Rd 48150 +1 (734) 261 - 3857
CheckSmart 29235 W 6 Mile Rd 48152 +1 (734) 261 - 2318
CheckSmart 29235 Six Mile Rd 48152 +1 (734) 261 - 2318
Home Loan Specialists 36139 Schoolcraft 48150 +1 (734) 524 - 0400
Huntington Bank 30207 Plymouth Rd 48150 +1 (734) 261 - 9737
Huntington Bank 13000 Middlebelt Rd 48150 +1 (734) 525 - 5054
Lake Michigan Credit Union 19025 Newburgh Rd 48152 +1 (734) 551 - 0012
Lake Michigan Credit Union Livonia Mortgage Office 17420 N Laurel Park Dr Ste 110E 48152 +1 (734) 462 - 5400
Legacy Consultants of Thrivent Financial 19045 Farmington Rd 48152 +1 (734) 432 - 7777
Lendio Metro Detroit 31077 Schoolcraft 201 48150 +1 (313) 306 - 3200
Michigan Columbus Federal Credit Union 30419 Six Mile Rd 48152 +1 (734) 425 - 5080
Michigan Educational Credit Union - Livonia 14921 Middlebelt Rd 48154 +1 (734) 261 - 1050
Michigan Schools and Government Credit Union 20595 Farmington Rd 48152 +1 (866) 674 - 2848
Minnesota Title Agency 32500 Schoolcraft 48150 +1 (734) 421 - 4000
Parkside Credit Union 36525 Plymouth Rd 48150 +1 (734) 525 - 0700
Raymond James Livonia 39111 Six Mile Rd 48152 +1 (248) 427 - 1600
Toyota & Lexus Financial Services 19500 Victor Pkwy 400 48152 +1 (734) 953 - 3400

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Livonia, MI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Macomb, MI, Payday Loans in Madison Heights, MI, Payday Loans in Midland, MI, Payday Loans in Muskegon, MI, Payday Loans in Novi, MI, Short-term Loans in Pontiac, MI, Payday Loans in Portage, MI and 24-Hour Loan in Roseville, 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 Livonia, MI.

Beautiful sights of Livonia, MI

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

48151, 48154, 48153, 48152, 48150

Are Payday Loans Legal In Livonia, 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)

Livonia, MI payday loan calculator

Introduction to Payday Loans in Livonia, Michigan

Payday loans are often the only option for individuals looking for short-term financial assistance. Unfortunately, the elevated costs associated with using these loans can make them difficult to pay back, leading to a cycle of debt. Payday loans are legal in Michigan, though specific regulations dictate the terms, fees, and loan amounts that must be adhered to. In this article, we will go into detail about Payday Loans in Livonia, Michigan, including the regulations and fees associated, as well as tips and advice on how to avoid taking out a loan if at all possible.

What are Payday Loans in Livonia, Michigan?

Payday loans, also known as cash advances, are short-term loans (typically 30 days or less) that can be used to cover unexpected or emergency expenses. They are designed to help individuals who need a quick influx of cash until their next paycheck arrives.

In Livonia, Michigan, payday loans are legal. However, the laws in Michigan are some of the strongest in the nation, putting a cap on the loan amount, limiting the number of loans an individual can take out at one time, and placing restrictions on fees and interest rates.

Fees, Interest Rates, and Loan Amounts

In Livonia, Michigan, payday loan fees are limited to 15% of the loan amount up to $75 and no more than $500. For example, if you take out a $500 loan, the maximum fee you can be charged is $75. This is much lower than the national average, which is typically around $25 per $100 borrowed.

Interest rates are also limited by law. In Michigan, payday lenders are limited to charging 10% of the total loan amount or a maximum of $30, whichever is lower. This rate is much lower than other states, which can charge anywhere from $10 to $30 per $100 borrowed.

The maximum loan amount available in Livonia, Michigan is $600. This is lower than the national average, which is usually $1,000. Additionally, borrowers may only take out one loan at a time and must wait at least two weeks between loans.

Tips to Avoid Payday Loans in Livonia, Michigan

Fewer people turn to payday loans when they find themselves in financial trouble if they know how to manage their money and prepare for unexpected expenses. Here are some tips to help you avoid the pitfalls of payday loans and stay afloat:

  • Create a budget. This will help you understand where your money is going and where it needs to go in order to stay on track.
  • Put money away every month. Even if it’s just a small amount, this can be a great way to build a reserve for emergencies.
  • Be mindful of your spending. Make sure that you are being mindful of how much you are spending on luxury items or entertainment.
  • Reach out for help. Don’t be afraid to ask for help if you need it. There are numerous organizations and resources available to help those in times of financial difficulty.

Frequently Asked Questions About Payday Loans in Livonia, Michigan

Q: Are payday loans legal in Livonia, Michigan?

A: Yes, payday loans are legal in Livonia, Michigan. However, there are specific regulations that dictate the fees, interest rates, and loan amounts that must be followed.

Q: What are the fees and interest rates associated with payday loans in Livonia, Michigan?

A: The fees for payday loans in Livonia, Michigan are limited to 15% of the loan amount up to $75 and a maximum of $500. The interest rate is limited to 10% of the total loan amount or a maximum of $30, whichever is lower.

Q: What is the maximum loan amount for a payday loan in Livonia, Michigan?

A: The maximum loan amount for a payday loan in Livonia, Michigan is $600.

Apply Now

If you find yourself in a financial bind and thinking of taking out a payday loan in Livonia, Michigan, consider filling out an application on TheGuaranteedLoans. We will connect you with lenders who can help you get the funds you need safely and quickly. Please note, TheGuaranteedLoans is not a lender and does not provide loans directly.

More F.A.Q.

Can I get a payday loan if I have filed for bankruptcy?

Yes, payday loans are available to borrowers who have filed for bankruptcy. However, lenders may require additional information or documentation.

Do I need to have a checking account to get a payday loan in Livonia, Michigan?

Yes, most payday lenders in Livonia, Michigan require borrowers to have a checking account in order to apply for a loan.

How Many Cash Advance Companies are in Livonia, MI?

With the help of our service, you will be able to find 21 cash advance companies in Livonia, MI

What Cash Advance Companies in Livonia, MI are the most popular?

You should check CheckSmart, Advance America, and Huntington Bank. Also, you can start your application online on our website.