Payday Loans in Pompeii, Michigan

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

Company nameAddressZip codePhone number
Chemical Bank 840 S Chestnut St, Reed City, MI 49677 +1 (231) 832 - 3211
Preferred Credit Union 4245 S Westnedge Ave, Kalamazoo, MI 49008 +1 (269) 382 - 1880
Frankenmuth Credit Union Fairgrove ITM 5002 Center St, Fairgrove, MI 48733 +1 (989) 497 - 1600
Cash Giant 16443 Harper Ave, Detroit, MI 48224 +1 (313) 882 - 9666
Raymond James 444 S Centennial Rd, Coldwater, MI 49036 +1 (517) 238 - 6117
Huntington Bank 2322 N Monroe St, Monroe, MI 48162 +1 (734) 241 - 5720
CASH TODAY 50140 Gratiot Ave, New Baltimore, MI 48051 +1 (586) 948 - 0900
Oxford Bank Davison Branch 600 N State Rd, Davison, MI 48423 +1 (810) 658 - 1500
Superior National Bank & Trust 201 S Superior Ave, Baraga, MI 49908 +1 (906) 353 - 6695
Advance America 2279 N Park Dr #440, Holland, MI 49424 +1 (616) 395 - 4034

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Pompeii, MI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Lincoln Park, MI, Payday Loans in Livonia, MI, Payday Loans in Macomb, MI, Payday Loans in Madison Heights, MI, Payday Loans in Midland, MI, Payday Loans in Muskegon, MI, Quick Loan in Novi, MI and Payday Loans in Pontiac, 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 Pompeii, MI.

Beautiful sights of Pompeii, MI

Are Payday Loans Legal In Pompeii, 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)

Pompeii, MI payday loan calculator

Payday Loans in Pompeii, Michigan: A Comprehensive Guide

Payday loans are a popular type of short-term loan that can help people meet their financial obligations until their next paycheck. Although payday loans come with high fees and interest rates, they can be a lifesaver for individuals who need cash fast in the event of emergency situations. In Pompeii, Michigan, payday loans are legal, and many lenders offer quick access to cash. If you are considering taking out a payday loan in Pompeii, Michigan, there are several things you need to know to make an informed decision. Here’s a comprehensive guide to help you understand payday loans in Pompeii, Michigan.

How do payday loans work in Pompeii, Michigan?

In Pompeii, Michigan, payday loans are regulated by the Michigan Department of Insurance and Financial Services. To qualify for a payday loan, you need to be a resident of the state and at least 18 years old. The lender may also require you to provide proof of income and a valid ID.

The amount you can borrow with a payday loan in Pompeii, Michigan, is limited to $600, and the loan term cannot exceed 31 days. The lender can charge up to 15% of the principal as finance charges and an additional $15 as a service fee for every $100 borrowed.

Before you sign the loan agreement, make sure you understand the terms and conditions, including the total cost of borrowing. The lender must provide you with a written agreement that clearly outlines the APR, fees, and due date.

What are the requirements for getting a payday loan in Pompeii, Michigan?

To qualify for a payday loan in Pompeii, Michigan, you must meet the following requirements:

  • Be at least 18 years old
  • Be a resident of Michigan
  • Have a steady income
  • Have a valid email address and phone number
  • Have an active checking account

If you meet these requirements, you can apply for a payday loan online or in-person at a lender’s storefront location. The application process is usually quick and straightforward, and you can get a decision within minutes.

What are the risks of payday loans in Pompeii, Michigan?

Payday loans are a risky form of borrowing because of their high-interest rates and fees. If you do not repay the loan on time, the lender may charge you additional fees or roll over the loan, which can trap you in a cycle of debt. According to studies, Michigan has some of the highest payday loan interest rates in the country, with the average APR at over 390%.

It is crucial to understand that payday loans are not a long-term solution to financial problems. If you are struggling financially, consider other options such as personal loans, credit cards, or asking for help from family and friends. Only take out a payday loan if you are confident you can repay it on time.

Interesting Facts about Payday Loans Pompeii, Michigan

  • In Michigan, it is illegal to rollover a payday loan.
  • Michigan law allows borrowers to cancel a payday loan within one business day without penalty.
  • The average payday loan borrower in Michigan takes out eight loans per year.
  • Michigan’s payday lending industry generates over $103 million in fees annually.

Apply Now

If you have decided to take out a payday loan in Pompeii, Michigan, TheGuaranteedLoans can help you connect with potential lenders quickly and easily. Our online application process is simple and secure, and you can get a decision within minutes. Please note that TheGuaranteedLoans is a connector service and not a direct lender. We do not make credit decisions and cannot guarantee loan approval. However, we work with a network of reputable lenders who can offer you a loan tailored to your needs. Apply now and get the cash you need to cover your expenses until your next paycheck.

Conclusion

Payday loans can be a lifeline for individuals who need cash fast in emergency situations. However, they come with high fees and interest rates, and borrowers should only take out a loan if they are confident they can repay it on time. Before taking out a payday loan in Pompeii, Michigan, make sure you understand the terms and conditions, including the total cost of borrowing. Remember to consider other options and prioritize responsible borrowing.

F.A.Q.

Can I apply for a payday loan online in Pompeii, Michigan?

Yes, you can apply for a payday loan online in Pompeii, Michigan. However, make sure to research and compare different lenders to find the best terms and rates.

What is the maximum number of payday loans I can have at one time in Pompeii, Michigan?

The maximum number of payday loans you can have at one time in Pompeii, Michigan is two.