Payday Loans in Applegate, Michigan

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

Company nameAddressZip codePhone number
TCF Bank 3857 Grand River Ave, Howell, MI 48843 +1 (800) 823 - 2265
Monroe County Community Credit Union 7408 Lewis Ave, Temperance, MI 48182 +1 (734) 242 - 3222
Keweenaw Financial Corporation 235 Quincy St, Hancock, MI 49930 +1 (906) 482 - 0404
Eagle Financial Services Inc 1575 44th St SW, Wyoming, MI 49509 +1 (616) 261 - 5900
Check `n Go 3706 Fort St, Lincoln Park, MI 48146 +1 (313) 383 - 2300
Haukkala & Co PC 101 W Maple St, Iron River, MI 49935 +1 (906) 265 - 1040
County National Bank 1 S Howell St, Hillsdale, MI 49242 +1 (517) 439 - 4300
Superior National Bank & Trust 1000 W Sharon Ave, Houghton, MI 49931 +1 (906) 482 - 0404
Instant Cash 1703 Oak St, Niles, MI 49120 +1 (269) 687 - 4330
Advance America 30434 Milford Rd, New Hudson, MI 48165 +1 (248) 446 - 0649

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Applegate, MI, you can try to find different companies in big cities near by. Check out the following pages here: No Credit Check Loans in Southfield, MI, Bad Credit Loans in Sterling Heights, MI, Payday Loans in Taylor, MI, Payday Loan Companies in Troy, MI, Payday Loans in Warren, MI, Payday Loans in Westland, MI, Payday Loans in Wyoming, MI and Payday Loans in Ann Arbor, 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 Applegate, MI.

Beautiful sights of Applegate, MI

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

48401

Are Payday Loans Legal In Applegate, 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)

Applegate, MI payday loan calculator

Everything You Need to Know About Payday Loans in Applegate, Michigan

If you’re considering taking out a payday loan in Applegate, Michigan, it’s essential to understand the ins and outs of these short-term loans so you can make informed decisions. In this article, we’ll go over everything you need to know about payday loans in Applegate, Michigan, including what they are, how they work, and what the legal requirements are.

What is a Payday Loan?

A payday loan is a short-term loan designed to help people get through financial emergencies or unexpected expenses. Typically, payday loans are due on the borrower’s next payday and are secured against their future income. These loans usually have high interest rates and fees, making them an expensive borrowing option.

Applying for a Payday Loan in Applegate, Michigan

Applying for a payday loan in Applegate, Michigan, is a relatively straightforward process. Most lenders offer online applications, making the process more accessible and convenient for borrowers. To apply for a payday loan, you’ll need to provide your identification, proof of income, and proof of residency. Some lenders may also require a post-dated check or access to your bank account.

Legal Requirements for Payday Loans in Applegate, Michigan

It’s essential to understand the legal requirements for payday loans in Applegate, Michigan, to ensure you’re protected as a borrower. In Michigan, payday loans are legal and regulated by state law. According to Michigan law, borrowers can borrow up to $600 for a maximum term of 31 days. Lenders are also required to provide borrowers with all the necessary loan information, including loan fees, interest rates, and repayment terms, before signing the loan agreement.

The Pros and Cons of Payday Loans in Applegate, Michigan

Like any other loan, payday loans have their advantages and disadvantages. Here are some of the pros and cons of payday loans:

Pros

  • Quick cash for financial emergencies
  • Easy application process
  • No credit check required
  • Can help improve credit scores

Cons

  • High interest rates and fees
  • Short repayment term
  • Can lead to a cycle of debt
  • Not a long-term solution

Interesting Facts About Payday Loans in Applegate, Michigan

Did you know that in Michigan, payday lenders are only allowed to charge up to 15% in loan fees? That’s one of the lowest in the country. Here are a few more interesting facts:

  • In 2019, Michigan payday loan borrowers took out approximately 239,000 loans.
  • The average payday loan amount in Michigan is $455.
  • The average APR for a payday loan in Michigan is 390%.

Apply Now for a Payday Loan in Applegate, Michigan

If you’re in need of a payday loan in Applegate, Michigan, you can apply now with TheGuaranteedLoans. We’re a connector service, not a direct lender, which means we’ll match you with potential lenders who meet your needs. Our online application process is quick and easy, and we’ll work hard to connect you with a lender who can offer you the best rates and terms.

Don’t let unexpected expenses catch you off guard. Apply now for a payday loan in Applegate, Michigan, with TheGuaranteedLoans and get the cash you need, fast.

F.A.Q.

What is the maximum interest rate that a payday lender can charge in Applegate, Michigan?

in Applegate, Michigan, the maximum interest rate that a payday lender can charge is 15% per $100 borrowed. This means that for a loan of $100, the maximum interest charged would be $15.

What are some alternatives to payday loans in Applegate, Michigan?

There are several alternatives to payday loans in Applegate, Michigan, including borrowing from friends or family, using a credit card or line of credit, or seeking assistance from a non-profit organization or government agency. Some employers also offer short-term, low-interest loans to their employees as a way to help them through difficult financial times.