Payday Loans in Brethren, Michigan

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

Company nameAddressZip codePhone number
Advance America 9125 Joseph Campau Ave, Hamtramck, MI 48212 +1 (313) 870 - 9170
Red Bud Cash Register 965 E Galien Buchanan Rd, Buchanan, MI 49107 +1 (269) 695 - 5534
Best Home Financial 1211 E Napier Ave 2, Benton Harbor, MI 49022 +1 (269) 926 - 8966
Cash Store 1209 28th St SW, Grand Rapids, MI 49509 +1 (616) 534 - 3588
Wells Fargo Home Mortgage 3890 Charlevoix Ave # 360, Petoskey, MI 49770 +1 (231) 439 - 1121
Community Choice Credit Union 4405 Page Ave, Michigan Center, MI 49254 +1 (877) 243 - 2528
Huntington Bank 103 N Mitchell St, Cadillac, MI 49601 +1 (231) 779 - 4252
Chase Mortgage 1211 US-31, Petoskey, MI 49770 +1 (231) 348 - 6236
Advance America 25015 Van Dyke Ave, Center Line, MI 48015 +1 (586) 497 - 3562
Ready Money 1184 E Cedar Ave, Gladwin, MI 48624 +1 (989) 246 - 0986

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Brethren, MI, you can try to find different companies in big cities near by. Check out the following pages here: No Credit Check Loans in Saginaw, MI, Payday Loans in Saint Clair Shores, MI, Payday Loans in Southfield, MI, Payday Loan Companies in Sterling Heights, MI, Emergency Loan in Taylor, MI, Payday Loans in Troy, MI, Payday Loans in Warren, MI and Same Day Loans in Westland, 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 Brethren, MI.

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

49619

Are Payday Loans Legal In Brethren, 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)

Brethren, MI payday loan calculator

What are Payday Loans?

Payday loans, also known as cash advances, are short-term loans that are designed to provide borrowers with quick access to cash. These loans are typically used to cover unexpected expenses or emergencies and are repaid when the borrower receives their next paycheck.

In Brethren, Michigan, payday loans are legal. Michigan law allows payday loans of up to $600 per loan. Payday loan lenders can charge up to 15% of the loan amount in fees, which can add up quickly.

How do Payday Loans Work in Brethren, Michigan?

To obtain a payday loan in Brethren, Michigan, borrowers must provide proof of income and identification. The lender will then conduct a credit check and verify the borrower’s income and employment status.

If approved, the borrower will receive the cash advance and must repay the loan in full, plus fees, on their next payday. If the borrower cannot repay the loan in full, they can request an extension or rollover of the loan, which leads to additional fees and interest.

Pros and Cons of Payday Loans in Brethren, Michigan

Pros:

  • Quick access to cash when needed
  • No collateral required
  • Easy application process
  • No credit check required

Cons:

  • High fees and interest rates
  • Short repayment terms
  • Can lead to a cycle of debt
  • May impact credit score negatively

Interesting Facts and Statistics about Payday Loans in Brethren, Michigan

  • The average payday loan in Michigan is $318
  • Michigan payday loan lenders charged an average 369% APR in 2019
  • In 2019, Michigan payday loan borrowers took out a total of 487,000 payday loans
  • Michigan lawmakers are currently considering new legislation to cap payday loan fees at 36%

Apply Now

If you’re in need of a payday loan in Brethren, Michigan, TheGuaranteedLoans can help connect you with potential lenders. We understand that unexpected expenses can arise at any time, and our goal is to make the loan application process as easy and stress-free as possible.

Remember, TheGuaranteedLoans is a connector service, not a direct lender. We work with a large network of lenders to help our customers find the best loan options for their needs. Fill out an online application on our website today to get started.

F.A.Q.

What is the repayment period for payday loans in Brethren, Michigan?

The repayment period for payday loans in Brethren, Michigan is typically 14 days.

Can I have multiple payday loans at once in Brethren, Michigan?

in Brethren, Michigan, borrowers are not allowed to have more than one payday loan outstanding at any given time.