Payday Loans in Davisburg, 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 Davisburg, MI. Consider companies in other cities:

Company nameAddressZip codePhone number
Huntington Bank 7157 E Saginaw St, East Lansing, MI 48823 +1 (517) 339 - 3650
Chase Mortgage 701 Lake St, Roscommon, MI 48653 +1 (989) 275 - 5158
Raymond James Financial Services 782 Huron Blvd Suite 2, Marysville, MI 48040 +1 (810) 364 - 9225
Advance America 6740 River Rd, Marine City, MI 48039 +1 (810) 765 - 9365
Hantz Bank 625 S State Rd, Davison, MI 48423 +1 (810) 658 - 2265
Advance America 807 East St, Lapeer, MI 48446 +1 (810) 245 - 8531
Approved Cash 3022 S Martin Luther King Jr Blvd, Lansing, MI 48910 +1 (517) 394 - 8560
ChoiceOne Bank 590 E Division St NE, Rockford, MI 49341 +1 (616) 887 - 7366
Frankenmuth Credit Union Richville Branch 9321 Sanilac Rd, Richville, MI 48758 +1 (989) 497 - 1600
AFC Automotive Finance Corp. 3711 Western Rd, Flint, MI 48506 +1 (810) 736 - 3783

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Davisburg, MI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Eastpointe, MI, Quick Loan in Flint, MI, Payday Loans in Grand Rapids, MI, Bad Credit Loans in Holland, MI, Payday Loans in Jackson, MI, Payday Loans in Kalamazoo, MI, Payday Loans in Lansing, MI and Payday Loans in Lincoln Park, 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 Davisburg, MI.

Beautiful sights of Davisburg, MI

Are Payday Loans Legal In Davisburg, 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)

Davisburg, MI payday loan calculator

Payday Loans in Davisburg, Michigan: Everything You Need to Know

If you’re short on money, living paycheck to paycheck, or have an unexpected expense come up – you may be considering a payday loan. Payday loans are small-dollar, short-term loans usually due on your next payday. They’re designed to help you get by until your next paycheck arrives, but they come with a high cost, so it’s important to understand how they work.

Payday loans are legal in Michigan, but there are regulations in place to protect consumers from predatory lending practices. In Davisburg, Michigan, you can apply for a payday loan online, over the phone, or in person at a licensed lender. The loan amount can range from $100 to $600, and the maximum loan term is 31 days.

How do payday loans work?

Payday loans are easy to get approved for, but they come with very high interest rates and fees. When you apply for a payday loan, the lender will ask for proof of income, a valid ID, and a post-dated check or an authorization for electronic debit from your bank account. If you’re approved, you’ll receive the cash you need, but you’ll also be responsible for paying back the loan on your next payday, along with interest and fees.

The interest rate and fees on payday loans in Davisburg, Michigan can vary depending on the lender you choose. However, the maximum finance charge allowed by law is 15% of the first $100, 14% of the second $100, 13% of the third $100, 12% of the fourth $100, and 11% of the fifth and sixth $100.

What are the pros and cons of payday loans?

Like any financial product, payday loans come with their own set of advantages and disadvantages. Here’s what you need to know:

Pros:

  • Quick and easy approval process
  • No credit check required
  • You can use the money for anything

Cons:

  • High interest rates and fees
  • May trap borrowers in a cycle of debt
  • Can damage credit scores if not paid back on time

Interesting Facts and Statistics About Payday Loans in Davisburg, Michigan

  • According to a study by the Pew Charitable Trusts, the average payday loan borrower takes out eight loans per year and spends roughly $520 on interest.
  • In Michigan, the average payday loan is $375, and the average borrower pays $427 in interest and fees over the course of a year.
  • The Consumer Financial Protection Bureau (CFPB) found that more than 80% of payday loans are rolled over or followed by another loan within 14 days.

Apply Now for a Payday Loan in Davisburg, Michigan

If you’re in need of cash and considering a payday loan, TheGuaranteedLoans can help connect you with potential lenders. As a connector service, we work with a network of licensed lenders in Michigan who offer payday loans.

To apply, simply fill out our online application form and we’ll match you with potential lenders who may be able to provide you with the funds you need. Remember, payday loans should be used as a last resort, and in Michigan, there are regulations in place to protect consumers from predatory lending practices.

F.A.Q.

Can I file a complaint against a payday lender in Davisburg, Michigan?

Yes, you can file a complaint against a payday lender in Davisburg, Michigan if you believe they have violated the state's payday loan regulations. You can contact the Michigan Department of Insurance and Financial Services to file a complaint.

Are there any alternatives to payday loans in Davisburg, Michigan?

Yes, there are alternatives to payday loans in Davisburg, Michigan, such as borrowing from friends or family, applying for a small personal loan from a bank or credit union, or seeking assistance from social services programs. It is important to consider all options before taking out a payday loan.