Payday Loans in Sidnaw, Michigan

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

Company nameAddressZip codePhone number
Alpena Alcona Area Credit Union 11610 US-23, Ossineke, MI 49766 +1 (989) 471 - 2332
Huntington Bank 9515 Birch Run Rd, Birch Run, MI 48415 +1 (989) 624 - 4103
Heartland/ Payroll 1 3310 W Big Beaver Rd, Troy, MI 48084 +1 (248) 686 - 9443
CheckSmart 36656 Gratiot Ave, Charter Twp of Clinton, MI 48035 +1 (586) 792 - 4519
TRUE Community Credit Union 1100 Clinton Rd, Jackson, MI 49202 +1 (517) 784 - 7101
GreenStone Farm Credit Services 3949 3 Mile Rd, Bay City, MI 48706 +1 (989) 686 - 5100
Michigan Manufacturing Technology Center - Upper Peninsula 600 S Stephenson Ave, Iron Mountain, MI 49801 +1 (715) 889 - 0182
PFCU Westphalia 102 W Main St, Westphalia, MI 48894 +1 (844) 517 - 3611
Lake Michigan Credit Union 904 84th St SW, Byron Center, MI 49315 +1 (800) 242 - 9790
Cash Plus 803 N Euclid Ave # 1, Bay City, MI 48706 +1 (989) 686 - 2000

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Sidnaw, MI, you can try to find different companies in big cities near by. Check out the following pages here: Quick Loan in Flint, MI, Payday Loans in Grand Rapids, MI, Payday Loans in Holland, MI, 24-Hour Loan in Jackson, MI, Payday Loans in Kalamazoo, MI, Payday Loans in Lansing, MI, Short-term Loans in Lincoln Park, MI and Short-term Loans in Livonia, 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 Sidnaw, MI.

Are Payday Loans Legal In Sidnaw, 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)

Sidnaw, MI payday loan calculator

Introduction

Payday loans are legal in Michigan, which means that residents of Sidnaw, Michigan, can obtain short-term cash loans to help tide them over until their next paycheck. These loans can be a valuable asset in times of financial hardship, but it’s important to understand the ins and outs of payday loans before taking one out.

What are payday loans?

Payday loans are short-term loans that typically come with high interest rates and fees. They are designed to help people cover unexpected expenses, such as car repairs or medical bills, until they receive their next paycheck. These loans are usually due in full on the borrower’s next payday, hence the name “payday loans.”

How do payday loans work in Sidnaw, Michigan?

In Sidnaw, Michigan, payday loans are legal, and borrowers can apply for loans of up to $600. The loan term can range from 31 to 60 days, and lenders can charge up to 15% of the loan amount in fees. For example, if someone borrows $100, they may have to pay up to $15 in fees.

To apply for a payday loan in Sidnaw, Michigan, borrowers will need to provide proof of income and a valid government-issued ID. Some lenders may also require a post-dated check or electronic access to the borrower’s bank account.

What are the risks of payday loans?

While payday loans can provide quick access to cash, they come with a number of risks. One of the biggest risks is the high cost – because payday loans come with high interest rates and fees, borrowers can end up paying much more than they borrowed. Additionally, if a borrower is unable to repay the loan on time, they may face additional fees and interest charges, which can make the loan even more difficult to pay off.

Some payday lenders have also been known to engage in predatory lending practices, such as charging excessive fees or offering loans to borrowers who are unlikely to be able to repay them. It’s important for borrowers to research potential lenders carefully and to be aware of the risks before taking out a payday loan.

Applying for a payday loan in Sidnaw, Michigan

If you’re considering a payday loan in Sidnaw, Michigan, it’s important to do your research and find a reputable lender. TheGuaranteedLoans is a connector service that can facilitate your connection with potential lenders. While we are not a direct lender and do not make loan decisions, we can help you find a lender who may be able to offer you a loan that meets your needs.

Apply Now

Are you in need of a payday loan in Sidnaw, Michigan? TheGuaranteedLoans can help connect you with potential lenders. Simply fill out our online application form, and we’ll work to match you with a lender who may be able to offer you a loan. Remember, payday loans come with risks, so it’s important to understand the terms and conditions of the loan before signing on the dotted line.

Interesting Facts and Statistics

  • The average payday loan amount in Michigan is $375
  • Approximately 12 million Americans use payday loans each year
  • The highest annual percentage rate (APR) for payday loans in Michigan is 390%
  • In 2019, Michigan had more than 550 payday loan storefronts and online lenders

F.A.Q.

Are payday loans legal in Sidnaw, Michigan?

Yes, payday loans are legal in Sidnaw, Michigan, but they are subject to certain regulations.

What is the maximum finance charge I can be charged for a payday loan in Sidnaw, Michigan?

The maximum finance charge for a payday loan in Sidnaw, Michigan is 15% of the loan amount.