Payday Loans in Deerton, Michigan

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

Company nameAddressZip codePhone number
Instant Cash Advance 131 W Superior St, Alma, MI 48801 +1 (989) 463 - 3602
Fast Cash 800 Maple St, Big Rapids, MI 49307 +1 (231) 796 - 0851
Allied Cash Advance 1013 S Beacon Blvd, Grand Haven, MI 49417 +1 (616) 850 - 8815
Lighthouse Insurance Group 101 Dame St, Suttons Bay, MI 49682 +1 (231) 271 - 5370
Heartland/ Payroll 1 3310 W Big Beaver Rd, Troy, MI 48084 +1 (248) 686 - 9443
Chemical Bank 9650 N Greenville Rd, Lakeview, MI 48850 +1 (989) 352 - 7670
PNC Bank 201 S Main St, Frankenmuth, MI 48734 +1 (989) 797 - 9010
Huntington Bank 1000 Carpenter Ave, Iron Mountain, MI 49801 +1 (906) 774 - 0404
Eastern Michigan Bank 600 Water St, Port Huron, MI 48060 +1 (810) 987 - 9777
Saginaw Medical Federal Credit Union 1430 N Michigan Ave, Saginaw, MI 48602 +1 (989) 791 - 7070

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Deerton, MI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Novi, MI, Same Day Loans in Pontiac, MI, Bad Credit Loans in Portage, MI, Payday Loans in Roseville, MI, Payday Loans in Royal Oak, MI, Payday Loan for Saginaw, MI, Payday Loans in Saint Clair Shores, MI and Payday Loans in Southfield, 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 Deerton, MI.

Are Payday Loans Legal In Deerton, 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)

Deerton, MI payday loan calculator

Understanding Payday Loans in Deerton, Michigan

Payday loans are a type of short-term loan that is designed for individuals who need quick access to cash for various reasons. It is a type of loan that is typically given out in smaller amounts, and the repayment is usually due on the borrower’s next payday. In Deerton, Michigan, payday loans are legal, which means that people can access this type of loan to get through a financial emergency.

How Payday Loans Work?

Payday loans are easy to obtain, and they are usually processed within a day or less. Borrowers will need to provide proof of income, as well as some basic personal information like name, address, and phone number when applying for this type of loan. They also need to have an active bank account and a valid ID.

The amount that a borrower can get from a payday loan depends on their income or the amount of money they can demonstrate they can repay when the loan is due. The loan amount can range from as low as $100 to as high as $1500 or more, depending on the lender’s terms and conditions.

When the loan is approved, the borrower will receive the cash in their bank account. The repayment of the loan is made automatically from the same bank account on the borrower’s next payday. Due to the short-term nature of payday loans, they typically carry high-interest rates, which means that borrowers need to be careful when borrowing and ensure that they can afford to repay the loan.

Benefits of Payday Loans in Deerton, Michigan

Payday loans can be a reliable option for people who need access to quick cash loans in Deerton, Michigan. Some of the benefits of payday loans include:

  • Easy access to cash: Payday loans are easy to obtain and can be processed within a day or less. This is particularly beneficial for individuals who need a quick solution to their financial emergency.
  • No credit check required: Unlike traditional loans, payday loans do not require a credit check. This makes them an option for people with poor credit history who may not be able to access other forms of credit.
  • Minimal requirements: To qualify for a payday loan, borrowers only require a few basic requirements, including proof of income, valid ID, and an active bank account. This makes them accessible for most people who need quick cash.

Potential Risks of Payday Loans

While payday loans can be a convenient source of quick cash, they can also be quite risky and expensive. Some of the potential risks of payday loans include:

  • High-interest rates: Payday loans typically carry high-interest rates, making them more expensive than most other forms of credit. This makes it crucial for borrowers to pay back the loan on time to avoid incurring additional fees.
  • Debt cycle: Some borrowers may find themselves in a debt cycle, where they keep renewing their payday loan, leading to more interest payments and debt. This can be dangerous, as it can lead to a spiraling cycle of debt.
  • Unscrupulous lenders: While most payday loan lenders are reputable, some may engage in unethical practices that can lead to financial loss for the borrower. It is essential to work with trusted and reputable lenders when seeking payday loans.

Payday Loans in Deerton, Michigan: Interesting Facts and Statistics

According to reports, Michigan is one of only a few states that regulate payday loans, making it legal for borrowers to access payday loans in the state. In Deerton, Michigan, payday loans are quite popular, with many individuals depending on payday loans to cover their short-term financial needs.

Interesting facts and statistics about payday loans in Deerton, Michigan are:

  • There are over 500 licensed payday lenders operating in Michigan
  • Payday loans are legal in Michigan, with borrowers allowed to borrow up to $600 at a time
  • Michigan is one of only a few states that prohibits lenders from rolling over payday loans.

Apply Now for Your Deerton, Michigan Payday Loan

If you are a resident of Deerton, Michigan, and are in need of quick cash to cover your financial needs, we at TheGuaranteedLoans can help you find a trusted lender. While we are not a direct lender, we work with a network of trusted lenders who can help you access payday loans in Deerton, Michigan. To apply, simply fill out our online form, and we will connect you with a lender who will offer the best terms and conditions for your needs.

Please note that payday loans can be risky and expensive. If you are borrowing, ensure that you can comfortably afford to repay the loan on time to avoid high-interest payments and additional fees.

F.A.Q.

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

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

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

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