Payday Loans in Clarklake, Michigan

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 Clarklake, MI. Consider companies in other cities:

Company nameAddressZip codePhone number
Calcite Credit Union 1005 S Main St, Cheboygan, MI 49721 +1 (231) 597 - 9660
Credit Union ONE 1407 S Division St, Traverse City, MI 49684 +1 (800) 451 - 4292
Vic Canever Chevrolet Service 3000 Owen Rd 1766, Fenton, MI 48430 +1 (810) 629 - 3350
Compass Credit Union 115 S Stone Rd, Fremont, MI 49412 +1 (866) 399 - 3762
Michigan First Credit Union Inside Walmart 3999 Alpine Ave NW, Comstock Park, MI 49321 +1 (800) 664 - 3828
Eric Froberg - Raymond James 205 N Lakeshore Blvd, Marquette, MI 49855 +1 (906) 226 - 0880
AutoZone Auto Parts 806 W Bay St, East Tawas, MI 48730 +1 (989) 362 - 6238
Check `n Go 3900 State Street Rd Suite G, Bay City, MI 48706 +1 (989) 671 - 0039
Free Methodist Investment & Loan Fund 8050 Spring Arbor Rd, Spring Arbor, MI 49283 +1 (517) 750 - 2727
Money Tree 348 S Cedar St, Kalkaska, MI 49646 +1 (231) 258 - 4400

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Clarklake, MI, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Saint Clair Shores, MI, Quick Loan in Southfield, MI, Payday Loan for Sterling Heights, MI, Payday Loans in Taylor, MI, 24-Hour Loan in Troy, MI, Payday Loans in Warren, MI, No Credit Check Loans in Westland, MI and Payday Loans in Wyoming, 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 Clarklake, MI.

Beautiful sights of Clarklake, MI

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

49234

Are Payday Loans Legal In Clarklake, 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)

Clarklake, MI payday loan calculator

The Ins and Outs of Payday Loans in Clarklake, Michigan

When faced with an unexpected expense between paychecks, it’s not uncommon for individuals to turn to payday loans. These loans provide a quick solution to immediate financial needs, with the promise of repayment when the borrower’s next paycheck arrives. But what exactly are payday loans, and how do they work in Clarklake, Michigan?

What Are Payday Loans?

Payday loans, also known as cash advances, are short-term loans that typically range from $100 to $1,000. These loans are designed to help individuals bridge the gap between paychecks and cover unexpected expenses, such as car repairs, medical bills, or utility costs.

In Clarklake, Michigan, payday loans are legal but subject to specific regulations set forth by the state. This means that lenders must adhere to guidelines regarding loan amounts, interest rates, and repayment terms.

How Do Payday Loans Work in Clarklake, Michigan?

When applying for a payday loan in Clarklake, Michigan, individuals must provide proof of income and a checking account. The lender will then assess the borrower’s ability to repay the loan and determine the loan amount and terms.

If approved, the borrower will receive the loan amount in cash or via direct deposit into their checking account. The repayment term for a payday loan is typically between two and four weeks, depending on the borrower’s next payday.

What Are the Regulations for Payday Loans in Clarklake, Michigan?

As previously mentioned, payday loans in Clarklake, Michigan, are subject to specific regulations. These regulations include:

  • Maximum loan amount: $600
  • Maximum finance charge: 15% of the loan amount
  • Repayment term: Not less than 31 days
  • Maximum interest rate: 390% APR
  • Rollovers allowed: None
  • Cooling-off period: One business day after repayment of the previous loan

It’s important to note that lenders who operate online or over the phone are required to be licensed in Michigan and adhere to the same regulations as lenders with a physical location in the state.

Interesting Facts and Statistics

  • According to the Consumer Financial Protection Bureau, the average payday loan borrower takes out 10 payday loans per year.
  • A study conducted by the Center for Responsible Lending found that the average payday loan borrower pays $458 in fees to borrow $350.
  • In 2020, the state of Michigan reported receiving 6,407 complaints regarding payday loans and cash advances.

Apply Now

If you’re considering a payday loan in Clarklake, Michigan, TheGuaranteedLoans can help. As a connector service, we work with a network of potential lenders to facilitate your loan application process. Our online application is quick and easy, giving you access to funds in as little as one business day.

It’s important to remember that payday loans should only be used for emergencies and should be repaid as quickly as possible to avoid high fees and interest rates. At TheGuaranteedLoans, we encourage responsible borrowing and will work with you to find the best loan option for your unique financial situation.

Apply now to see if you qualify for a payday loan in Clarklake, Michigan.

Note: TheGuaranteedLoans is a connector service, not a direct lender. We do not make lending decisions and are not involved in any way with the lending process. We will simply facilitate your connection with potential lenders who may be able to offer you a loan.

F.A.Q.

What are the risks of taking out a payday loan in Clarklake, Michigan?

As with any type of loan, there are risks associated with taking out a payday loan in Clarklake, Michigan. One of the biggest risks is the potential for high fees and interest rates, which can make it difficult for borrowers to repay the loan on time. Additionally, some borrowers may be tempted to take out multiple loans, which can lead to a cycle of debt. It is important for borrowers to carefully consider their options and understand the potential risks before taking out a payday loan in Clarklake, Michigan.

What are payday loans and how do they work in Clarklake, Michigan?

Payday loans are short-term, high-interest loans that are intended to be used as a quick source of cash for people who are in need of money between paychecks. in Clarklake, Michigan, payday loans are typically for small amounts of money (usually less than $500) and are required to be repaid within a short period of time (usually two to four weeks).