Payday Loans in Saint Michael, North Dakota

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 Saint Michael, ND. Consider companies in other cities:

Company nameAddressZip codePhone number
ATM Mick's 281 Services 206 1st St S, New Rockford, ND 58356
Gate City Bank in Cash Wise 1761 3rd Ave W, Dickinson, ND 58601 +1 (701) 456 - 7227
AgCountry Farm Credit Services 300 Main St W, Cavalier, ND 58220 +1 (701) 265 - 8423
Union State Bank 105 Harmon Ave, Stanton, ND 58571 +1 (701) 745 - 3245
Bremer Bank 3100 S Columbia Rd, Grand Forks, ND 58201 +1 (701) 795 - 4500
Pebblestone Financial 3350 35th Ave S, Fargo, ND 58104 +1 (800) 832 - 4110
State Bank of Lakota 125 Main St, Lakota, ND 58344 +1 (701) 247 - 2413
U.S. Bank Branch 240 2nd St W, Dickinson, ND 58601 +1 (701) 227 - 1233
Grant County State Bank 100 N Main St, Flasher, ND 58535 +1 (701) 597 - 3807
First Community Credit Union 334 Main Ave S, Hankinson, ND 58041 +1 (701) 242 - 7644

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Saint Michael, ND, you can try to find different companies in big cities near by. Check out the following pages here: Same Day Loans in Bismarck, ND, 24-Hour Loan in Fargo, ND, Payday Loan for Grand Forks, ND, Payday Loans in Minot, ND and Payday Loan Without a Credit Check in West Fargo, ND. 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 Saint Michael, ND.

Are Payday Loans Legal In Saint Michael, North Dakota?

Loan Rates and Fees, Laws and Regulations in North Dakota.

North Dakota is a state where payday lending is legally allowed. This means that you can take out payday loans with high interest rate and rollovers - but there are other states in the USA where these issues are regulated by law. If you no longer want to use payday loans, avoid taking out too many financial contracts - as this can cause negative consequences.

North Dakota Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)487
Maximum Loan Amount$500
Minimum Loan TermNot Specified
Maximum Loan Term60 days
Number of Rollovers Allowed1
Finance Charges20% of the amount advanced

Saint Michael, ND payday loan calculator

Payday Loans in Saint Michael, North Dakota

Payday loans are a form of short-term borrowing that are designed to help people cover unexpected expenses or financial emergencies. In Saint Michael, North Dakota, payday loans are legal and are often used by people who need a quick source of cash to cover bills or other expenses. In this article, we’ll take a closer look at payday loans in Saint Michael, North Dakota, and provide you with all the information you need to know about this financing option.

How Payday Loans Work

Payday loans are typically small loans that are due on the borrower’s next payday. These loans are usually for amounts of $500 or less and are meant to be repaid within two weeks. In Saint Michael, North Dakota, borrowers can take out payday loans for up to $500.

When a borrower applies for a payday loan, they typically need to provide proof of employment and income and a valid form of identification. The lender will then assess the borrower’s ability to repay the loan and determine the loan amount and interest rate.

The borrower will then sign a loan agreement and receive the funds. The loan agreement will outline the total loan amount, the interest rate and fees, and the due date for repayment.

Benefits of Payday Loans

One of the main benefits of payday loans is that they are easily accessible and have a quick approval process. This makes them a good option for people who need money quickly to cover unexpected expenses. Additionally, payday loans can be a good option for people who have bad credit or who have been denied traditional loans from banks or credit unions. Payday lenders typically do not require a credit check and are willing to work with borrowers who have less-than-perfect credit.

Risks of Payday Loans

While payday loans can be a quick and easy source of cash, they also come with risks. One of the main risks of payday loans is the high interest rates and fees that are associated with them. In Saint Michael, North Dakota, payday lenders are allowed to charge up to 20% of the loan amount in interest and up to $20 in fees for every $100 borrowed.

Another risk of payday loans is the short repayment period. Borrowers who are unable to repay the loan by the due date may be subject to additional fees and interest charges, which can make the loan even more expensive. Additionally, defaulting on a payday loan can negatively impact a borrower’s credit score and make it harder to obtain credit in the future.

Interesting Facts and Statistics about Payday Loans in Saint Michael, North Dakota

  • In 2018, there were 22 licensed payday lenders in North Dakota.
  • The average payday loan in North Dakota is for $369.
  • In a survey of payday loan borrowers in North Dakota, 57% of respondents reported using the funds for recurring expenses such as rent, utilities, and food.
  • Payday lenders in North Dakota are required to provide borrowers with a disclosure statement that outlines the terms of the loan, including the interest rate and fees.
  • According to the Center for Responsible Lending, the average interest rate for payday loans in North Dakota is 520% APR.

TheGuaranteedLoans Apply Now Section

If you are considering a payday loan in Saint Michael, North Dakota, TheGuaranteedLoans can help. We are a connector service that works with a network of potential lenders to help you find a loan that meets your needs. Our online application process is quick and easy, and you can get connected with potential lenders in minutes. It’s important to remember that TheGuaranteedLoans is not a direct lender, and we do not make lending decisions. Instead, we facilitate your connection with potential lenders who may be able to provide you with a loan. To get started, visit our website and fill out our online application today.

Conclusion

Payday loans can be a useful tool for people who need a quick source of cash to cover unexpected expenses. However, they also come with risks, and borrowers should carefully consider the terms of the loan before they apply. If you are considering a payday loan in Saint Michael, North Dakota, be sure to do your research and understand the terms of the loan before you sign any agreements.

F.A.Q.

Are payday loans legal in Saint Michael, North Dakota?

Yes, payday loans are legal in Saint Michael, North Dakota. The state has specific regulations in place to protect consumers, including limits on loan amounts and interest rates.

How do I apply for a payday loan in Saint Michael, North Dakota?

To apply for a payday loan in Saint Michael, North Dakota, you will need to visit a licensed payday lender in person and provide proof of income, identification, and a blank check. The lender will then review your information and determine if you are eligible for a loan.

Look for Short-Term Loans in Other Cities: