Payday Loans in Rapid River, Michigan

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

Company nameAddressZip codePhone number
check n go, Check n Go Store Directory 1200C S Main St, Adrian, MI 49221 +1 (517) 266 - 1900
Optimed Finance LLC 2804 Orchard Lake Rd, Keego Harbor, MI 48320 +1 (248) 682 - 6001
Fifth Third Bank & ATM 123 S Mitchell St, Cadillac, MI 49601 +1 (231) 779 - 2708
Independent Bank 129 Lansing St, Charlotte, MI 48813 +1 (517) 543 - 4994
EZ Money Check Cashing 1184 E Cedar Ave, Gladwin, MI 48624 +1 (989) 246 - 0986
Automotive Credit Corporation 26261 Evergreen Rd 300, Southfield, MI 48076 +1 (800) 810 - 1211
IMKCFCU-Super One Branch - TEMPORARILY CLOSED Super One Branch, 1130 S Stephenson Ave, Iron Mountain, MI 49801
Fidelity National Title 70 N Elk St, Sandusky, MI 48471 +1 (810) 648 - 3433
Raymond James Financial Services 245 N Winter St, Adrian, MI 49221 +1 (517) 265 - 7101
Honor Bank 11926 Chippewa Hwy, Bear Lake, MI 49614 +1 (877) 325 - 8031

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Rapid River, MI, you can try to find different companies in big cities near by. Check out the following pages here: 24-Hour Loan in Taylor, MI, Emergency Loan in Troy, MI, Payday Loans in Warren, MI, Payday Loans in Westland, MI, Payday Loans in Wyoming, MI, Emergency Loan in Ann Arbor, MI, Payday Loan Companies in Battle Creek, MI and Payday Loans in Bay City, 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 River, MI.

Beautiful sights of Rapid River, MI

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

49878

Are Payday Loans Legal In Rapid River, 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 River, MI payday loan calculator

Payday Loans in Rapid River, Michigan: What You Need to Know

Life is full of surprises, and sometimes you can be hit with unexpected expenses. Whether it’s a car repair, a medical bill, or any other urgent expense, you may need quick cash to cover the cost. If you’re living in Rapid River, Michigan, payday loans could be an option to consider.

What are payday loans?

A payday loan is a short-term, small-dollar loan that typically must be repaid on your next payday. The loan amount is usually between $100 and $1,000. To apply for a payday loan, you need to show proof of income, provide personal information, and have a checking account. The process is often quick and easy, and you can have the money in your account as soon as the next business day.

Are payday loans legal in Michigan?

Yes, payday loans are legal in Michigan. However, the state has imposed certain regulations to protect consumers. For example, the maximum loan amount in Michigan is $600, and a lender cannot charge more than 15% of the loan amount in interest. Additionally, borrowers are limited to only one loan at a time and can only take out two payday loans within a 90-day period.

How do payday loans work in Rapid River?

In Rapid River, there are various lenders that offer payday loans. You can apply in person at a store or online. If approved, the lender will provide you with the loan amount you requested, plus fees and interest. You’ll need to repay the loan in full on your next payday, usually within 14 days. The repayment is made by allowing the lender to debit your checking account or by providing a post-dated check that the lender will deposit on the due date.

What are the benefits of payday loans?

  • Quick and easy application process
  • No collateral required
  • You can use the money for any purpose
  • No credit check required

What are the risks of payday loans?

  • High interest rates and fees
  • Potential for debt cycle if you can’t repay the loan on time
  • Additional fees and charges for non-payment
  • May not be a sustainable solution for long-term financial issues

Interesting Facts and Statistics about Payday Loans in Rapid River, Michigan

  • The average payday loan amount in Michigan is $350.
  • Payday lenders in Michigan made over 2.5 million loans in 2019, with a total value of over $1.5 billion.
  • There’s a higher concentration of payday lenders in rural areas of Michigan compared to urban areas.

Apply Now for a Payday Loan in Rapid River, Michigan

At TheGuaranteedLoans, we understand that unexpected expenses can put a lot of stress on your finances. That’s why we offer a fast and easy online application process to connect you with potential lenders. We’re not a direct lender, but we’ll facilitate your connection with lenders who may be able to provide the loan you need.

To apply, simply fill out our online application form, provide the required information, and we’ll match you with lenders that suit your needs. If approved, you can have the money in your account as soon as the next business day.

Remember, payday loans are a short-term solution, so make sure you can repay the loan on time and consider alternative options before applying. If you have any questions or concerns, don’t hesitate to contact us.

F.A.Q.

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

Yes, a payday lender in Rapid River, 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 Rapid River, Michigan?

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