Payday Loans in Rapid City, 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 Rapid City, MI. Consider companies in other cities:

Company nameAddressZip codePhone number
Flagstar Bank 425 N Lapeer Rd, Oxford, MI 48371 +1 (248) 969 - 2061
Automotive Credit Corporation 26261 Evergreen Rd 300, Southfield, MI 48076 +1 (800) 810 - 1211
Advance America 37549 Harper Ave, Charter Twp of Clinton, MI 48036 +1 (586) 468 - 8589
PNC Bank 12010 Church St, Birch Run, MI 48415 +1 (989) 797 - 9277
TCF Bank 8202 Metro Pkwy, Sterling Heights, MI 48312 +1 (800) 823 - 2265
Corporate Settlement Solutions 308 State St 7, Petoskey, MI 49770 +1 (231) 347 - 5000
Independent Bank 3090 Plainfield Ave NE, Grand Rapids, MI 49505 +1 (616) 447 - 0900
Lake Michigan Credit Union 19025 Newburgh Rd, Livonia, MI 48152 +1 (734) 551 - 0012
Wells Fargo Home Mortgage 3890 Charlevoix Ave # 360, Petoskey, MI 49770 +1 (231) 439 - 1121
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 Rapid City, MI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Pontiac, MI, Payday Loan Without a Credit Check in Portage, MI, Guaranteed Loans in Roseville, MI, Payday Loans in Royal Oak, MI, Payday Loans in Saginaw, MI, Bad Credit Loans in Saint Clair Shores, MI, Online Loans in Southfield, MI and Guaranteed Loans in Sterling Heights, 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 Rapid City, MI.

Beautiful sights of Rapid City, MI

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

49676

Are Payday Loans Legal In Rapid City, 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)

Rapid City, MI payday loan calculator

Payday Loans in Rapid City, Michigan

Payday loans are a popular form of short-term borrowing that can provide financial assistance to those in need. When you have a financial emergency or unexpected expenses that can’t wait for your next payday, a payday loan may be a viable option. In Rapid City, Michigan, payday loans are legal, but it’s important to understand what they are, how they work, and what the risks and benefits are before applying.

What is a Payday Loan?

A payday loan is a short-term, unsecured loan that gives you access to money quickly. The borrower writes a post-dated check to the lender for the amount borrowed plus fees and interest. When the payday comes, the lender cashes the check as payment for the loan. In some cases, the borrower may authorize the lender to access their bank account to withdraw the funds directly.

How Do Payday Loans Work?

In Rapid City, Michigan, payday loans work in the following way:

  • Borrowers apply for a payday loan online or in-store.
  • The lender verifies the borrower’s information and approves the loan amount.
  • The funds are disbursed to the borrower in cash, check or directly into the borrower’s bank account.
  • The borrower is responsible for repaying the loan amount plus fees and interest on their next payday.
  • If the borrower cannot repay the loan on time, they may be subject to additional fees and interest, and the lender may report their failure to pay to credit agencies.

The Risks and Benefits of Payday Loans

While payday loans can be helpful in emergency situations, they are not without risks. The main benefit of payday loans is the access to quick funds with minimum requirements. Rapid City, Michigan offers a high concentration of potential lenders making payday cash advance or short-term loans an accessible option for many people. Additionally, they don’t require collateral, and, depending on the lender, there may be no credit check required.

However, payday loans also come with high-interest rates, fees, and short repayment periods, which can lead to a debt trap for borrowers who can’t afford to repay the loan. Additionally, in the state of Michigan, payday lenders have been known to use aggressive collection tactics such as harassing phone calls and legal action against borrowers who cannot repay their loans.

Interesting Facts About Payday Loans in Rapid City, Michigan

  • In 2019, Michigan had the highest payday loan usage rate in the nation, with nearly 12% of residents using payday loans.
  • In Rapid City, Michigan, payday loans can be for up to $600, with a maximum fee of 15%.
  • The average payday loan borrower takes out eight loans per year, and it takes them an average of 175 days to pay off the loan.
  • According to the Michigan Department of Insurance and Financial Services, payday lenders in Michigan have charged annual percentage rates (APRs) as high as 391%, which is significantly higher than the average credit card APR.

Apply Now

At TheGuaranteedLoans, we can connect you with potential lenders in Rapid City, Michigan who offer payday loans. Our quick and easy online application process can help you get the funds you need quickly and efficiently. Please keep in mind that we are not a direct lender, but a connector service that can help you find a payday loan in Rapid City, Michigan.

Apply now for a payday loan through TheGuaranteedLoans website to experience a hassle-free application process and easy access to funds.

F.A.Q.

Can I be charged late fees for not repaying my payday loan in Rapid City, Michigan on time?

Yes, you may be charged late fees if you are unable to repay your payday loan in Rapid City, Michigan on time. These fees are typically a percentage of the unpaid balance and are capped at a certain amount by state law.

Can a payday lender in Rapid City, Michigan garnish my wages if I default on my loan?

Yes, a payday lender in Rapid City, Michigan can garnish your wages if you default on your loan. However, the amount garnished cannot exceed 25% of your disposable income or the amount by which your disposable income exceeds 30 times the federal minimum hourly wage, whichever is less.