Payday Loans in Onondaga, Michigan

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

Company nameAddressZip codePhone number
United Financial Credit Union 1720 W Brady Rd, Chesaning, MI 48616 +1 (989) 777 - 3620
Raymond James Financial Services 1 E Huron Ave, Bad Axe, MI 48413 +1 (989) 269 - 7248
Academy Mortgage 111 E Wackerly St Suite C, Midland, MI 48642 +1 (989) 698 - 3280
Honor Credit Union - Oshtemo 5713 Venture Park Dr, Kalamazoo, MI 49009 +1 (269) 372 - 4455
IncredibleBank 19795 W Sharon Ave, Houghton, MI 49931 +1 (906) 482 - 4646
Magnum Finance Inc. 505 W Mile Rd, Kalkaska, MI 49646 +1 (888) 933 - 6254
Recker Financial LLC 305 E Huron Ave 5, Bad Axe, MI 48413 +1 (989) 264 - 1644
Soo Co-op Credit Union 12214 W Lakeshore Dr, Brimley, MI 49715 +1 (906) 632 - 5358
Team One Credit Union 499 Brick St, Bad Axe, MI 48413 +1 (989) 269 - 9557
Wolverine State Credit Union 1381 N Bagley St, Alpena, MI 49707 +1 (989) 356 - 1880

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Onondaga, MI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Dearborn Heights, MI, Quick Loan in Detroit, MI, Payday Loans in East Lansing, MI, Quick Loan in Eastpointe, MI, Same Day Loans in Flint, MI, Bad Credit Loans in Grand Rapids, MI, 24-Hour Loan in Holland, MI and Payday Loans in Jackson, 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 Onondaga, MI.

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

49264

Are Payday Loans Legal In Onondaga, 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)

Onondaga, MI payday loan calculator

Payday Loans in Onondaga, Michigan

If you find yourself in need of quick cash, payday loans can be a tempting option. For residents of Onondaga, Michigan, these loans are legal and can provide emergency funds when you are in a bind. Here we will discuss what payday loans are, how they work, and the regulations surrounding them in Onondaga, Michigan.

What are Payday Loans?

Payday loans are short-term loans that are usually due on your next payday. They are designed to provide immediate cash to those who need it urgently. The application process is typically simple and quick, with loan amounts ranging from $100 to $1,000.

How Do They Work?

To obtain a payday loan in Onondaga, Michigan, you must be at least 18 years of age and have a valid form of identification. You will also need to show proof of income and have an active checking account.

Once you have filled out an application and been approved, you will receive your funds, usually within 24 hours. The repayment terms vary but are typically due on your next payday.

It is important to note that payday loans come with high-interest rates and fees. This is because they are unsecured loans, meaning there is no collateral attached to them. Additionally, if you are unable to repay the loan on time, you may be subject to rollover fees, which can increase your debt significantly.

Regulations in Onondaga, Michigan

While payday loans are legal in Michigan, there are regulations in place to protect consumers from predatory lending practices.

For example, lenders in Michigan cannot charge more than 15% of the loan amount in fees. Additionally, there is a limit of $600 on payday loans in Michigan, and borrowers can only have one loan at a time.

It is important to be aware of these regulations and to ensure that you are working with a licensed lender in Michigan.

Interesting Facts about Payday Loans in Onondaga, Michigan

Here are some interesting facts about payday loans in Onondaga, Michigan:

  • The average payday loan in Michigan is $350.
  • Approximately 300,000 payday loans are issued in Michigan each year.
  • About 70% of payday borrowers use the loans for recurring expenses, such as rent or utilities.
  • Payday lenders in Michigan make an estimated $103 million in fees each year.

Apply Now

If you need a payday loan in Onondaga, Michigan, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is simple and secure, and we can help you find a loan that meets your needs. Please note that TheGuaranteedLoans is a connector service, not a direct lender. We work with a network of trusted lenders to help find a loan that works for you.

In conclusion, payday loans can be a viable option for those in need of quick cash in Onondaga, Michigan. However, it is important to be aware of the high-interest rates and fees associated with these loans and to ensure that you are working with a licensed lender. TheGuaranteedLoans can help you find a loan that meets your needs and connect you with a trusted lender.

F.A.Q.

Can a payday lender in Onondaga, Michigan take me to court if I default on my loan?

Yes, a payday lender in Onondaga, Michigan can take you to court if you default on your loan. The lender may seek a judgment against you for the unpaid balance, which could result in additional legal fees and consequences. It is important to seek legal advice if you are facing this situation.

What are the requirements to qualify for a payday loan in Onondaga, Michigan?

To qualify for a payday loan in Onondaga, Michigan, you must be at least 18 years old, have a valid ID, a checking account, and a steady source of income.