Payday Loans in Riverside, Michigan

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

Company nameAddressZip codePhone number
IMKCFCU-Super One Branch - TEMPORARILY CLOSED Super One Branch, 1130 S Stephenson Ave, Iron Mountain, MI 49801
Walmart Money Center 3225 US-41, Marquette, MI 49855
Instant Cash 865 Dickinson St SE, Grand Rapids, MI 49507 +1 (616) 261 - 4500
Quick Cash 206 S Michigan Ave, Big Rapids, MI 49307 +1 (231) 629 - 8800
Check & Cash USA LLC 300 Parkdale Ave, Manistee, MI 49660 +1 (231) 398 - 9648
Instant Cash Advance 216 N State St, Oscoda, MI 48750 +1 (989) 739 - 7081
Mortgage One 7500 Allen Rd, Allen Park, MI 48101 +1 (313) 381 - 8900
Eastern Michigan Bank 324 S Sandusky Rd, Sandusky, MI 48471 +1 (810) 648 - 3230
Chase Bank 4366 Alpine Ave NW, Comstock Park, MI 49321 +1 (616) 771 - 7028
Huntington Bank 101 River St, Boyne City, MI 49712 +1 (231) 582 - 6731

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Riverside, MI, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Madison Heights, MI, Payday Loans in Midland, MI, Bad Credit Loans in Muskegon, MI, Payday Loans in Novi, MI, Short-term Loans in Pontiac, MI, Guaranteed Loans in Portage, MI, Same Day Loans in Roseville, MI and Payday Loans in Royal Oak, 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 Riverside, MI.

Beautiful sights of Riverside, MI

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

49084

Are Payday Loans Legal In Riverside, 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)

Riverside, MI payday loan calculator

Payday Loans in Riverside, Michigan: A Comprehensive Guide

Living in Riverside, Michigan, can be expensive, especially when unexpected expenses arise. When faced with financial hardship, many people turn to payday loans. Before you decide to take out a payday loan, you need to understand how they work, the laws surrounding them in Michigan, and the alternatives available. This comprehensive guide will provide all the information you need before taking out a payday loan in Riverside, Michigan.

What are Payday Loans?

A payday loan is a short-term loan (usually for two weeks) that’s designed to help individuals in need of immediate cash. The borrower writes a post-dated check to the lender for the amount borrowed, plus fees. The lender cashes the check, usually on the borrower’s payday.

Regulations On Payday Loans In Michigan

Payday loans are legal in Michigan, but the state sets certain regulations for these loans. The maximum amount you can borrow from a payday lender is $600, and they must be licensed under the Michigan Department of Insurance and Financial Services. Michigan law also limits the fees and charges that can be added to a payday loan, and the loan term must not exceed 31 days.

Alternatives to Payday Loans

While payday loans can provide quick cash when needed urgently, the high fees and short loan terms can make them costly. Fortunately, there are many alternatives available:

  • An emergency loan from a credit union or a small bank
  • Personal loans from online lenders or major banks
  • Credit card cash advances
  • Selling items you no longer need
  • Borrowing from friends or family

Interesting Facts and Statistics about Payday Loans in Riverside, Michigan

  • Michigan has over 550 payday lenders, making it one of the largest markets for payday loans in the United States.
  • Between 2017 and 2018, Michigan payday lenders collected over $94 million in fees alone.
  • The average payday loan in Michigan is $375, with an average repayment of $440

Apply Now

TheGuaranteedLoans is one of the leading online loan connexion services in the United States. If you are in need of a payday loan in Riverside, Michigan, we can quickly connect you with potential lenders. With just a few clicks on our website, you can fill out an online application, and we will facilitate the rest. You can have cash in your bank account as soon as the next business day.

Please note, we do not directly lend money or make credit decisions. Instead, we connect you with lenders who may be able to offer you the loan you need.

Conclusion

If you find yourself struggling financially, a payday loan might seem like an easy and quick solution. However, it’s essential to understand the risks associated with this loan type, including high fees and short repayment terms. Before taking out a payday loan in Riverside, Michigan, or any other part of the country, consider alternative sources of financing and ensure that you are financially capable of repaying the loan on time.

F.A.Q.

Can I be arrested for not repaying my payday loan in Riverside, Michigan?

No, you cannot be arrested for not repaying your payday loan in Riverside, Michigan. However, the lender may choose to pursue legal action against you to recover the unpaid balance.

Is it illegal to take out a payday loan in Riverside, Michigan if I am already in debt?

No, it is not illegal to take out a payday loan in Riverside, Michigan if you are already in debt. However, it is important to carefully consider whether you will be able to repay the loan and avoid further financial difficulties.