Payday Loans in Onsted, Michigan

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

Company nameAddressZip codePhone number
Chase Mortgage 410 Sanilac Rd, Sandusky, MI 48471 +1 (810) 648 - 4470
Check `n Go 15241 Michigan Ave, Dearborn, MI 48126 +1 (313) 581 - 1805
Comerica Bank 115 E. Michigan, Grass Lake, MI 49240 +1 (517) 522 - 8452
Isabella Bank 316 E Saginaw St, Breckenridge, MI 48615 +1 (989) 842 - 3191
Catholic Vantage Financial 36111 Five Mile Road, Livonia, MI 48154 +1 (734) 432 - 0212
Advia Credit Union 706 N Westnedge Ave, Kalamazoo, MI 49007 +1 (844) 238 - 4228
Check `n Go 6709 Division Ave S, Grand Rapids, MI 49548 +1 (616) 281 - 1010
First National Trust & Wealth Management 3165 Wright St Suite 104, Marquette, MI 49855 +1 (877) 779 - 2259
Huntington Bank 3700 17 Mile Rd NE, Cedar Springs, MI 49319 +1 (616) 696 - 9125
One Stop Cash Advance 335 W Walton Blvd, Pontiac, MI 48340 +1 (248) 454 - 1007

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Onsted, MI, you can try to find different companies in big cities near by. Check out the following pages here: No Credit Check Loans in Kalamazoo, MI, Same Day Loans in Lansing, MI, Quick Loan in Lincoln Park, MI, Guaranteed Loans in Livonia, MI, Payday Loans in Macomb, MI, Payday Loans in Madison Heights, MI, Same Day Loans in Midland, MI and No Credit Check Loans in Muskegon, 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 Onsted, MI.

Beautiful sights of Onsted, MI

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

49265

Are Payday Loans Legal In Onsted, 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)

Onsted, MI payday loan calculator

Everything You Need to Know About Payday Loans in Onsted, Michigan

Payday loans are a financial product that provide consumers with an option for short-term, high-interest loans to cover unexpected expenses or emergencies. In Michigan, payday loans are legal, with certain regulations in place to protect both lenders and borrowers.

The Basics of Payday Loans in Onsted, Michigan

In Onsted, Michigan, payday loans are available to individuals who meet specific criteria. Borrowers must be at least 18 years old and have a steady source of income. Lenders typically require borrowers to have a checking account as well. The maximum amount that a borrower can receive is $600, and lenders may charge a maximum fee of 15% on the loan amount.

The repayment term for payday loans in Michigan is typically up to 31 days, and borrowers may be allowed to extend the due date for an additional fee. Lenders are required to provide borrowers with a written agreement that includes all loan terms and details before they sign the loan agreement. This agreement must also specify the annual percentage rate (APR) of the loan.

The Pros and Cons of Payday Loans

Payday loans can be a helpful financial tool for individuals who need access to cash quickly. They do have some potential benefits, such as:

  • Fast access to cash for emergencies or unexpected expenses
  • No credit check required for approval
  • Relatively low eligibility requirements compared to other types of loans

Despite these benefits, there are also some significant drawbacks to consider before taking out a payday loan:

  • High interest rates and fees, which can make repayment difficult and lead to a cycle of debt
  • Potential for lenders to engage in predatory lending practices
  • Short repayment term, which can make it difficult to pay back the loan in full by the due date

Interesting Facts and Statistics About Payday Loans in Onsted, Michigan

  • The average payday loan in Michigan is for $350
  • In 2020, the Consumer Financial Protection Bureau (CFPB) proposed a rule to tighten payday loan regulations at the federal level
  • According to a 2019 report from the Michigan Department of Insurance and Financial Services, there were more than 1.7 million payday loans made in Michigan that year

Apply Now for a Payday Loan in Onsted, Michigan

Need a payday loan in Onsted, Michigan? TheGuaranteedLoans is here to help. As a connector service, we work with a network of potential lenders to connect borrowers with the right loan for their needs. Fill out our online application now to get started. Remember, payday loans may not be the best option for everyone, so be sure to consider all of your options before making a decision.

F.A.Q.

What is the maximum amount I can borrow with a payday loan in Onsted, Michigan?

The maximum amount you can borrow with a payday loan in Onsted, Michigan is $600.

What is the APR for payday loans in Onsted, Michigan?

The APR for payday loans in Onsted, Michigan is 390%.