Payday Loans in Fair Haven, 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 Fair Haven, MI. Consider companies in other cities:

Company nameAddressZip codePhone number
Comerica Bank 5080 W Main St, Kalamazoo, MI 49009 +1 (269) 383 - 6650
Advance America 19135 Telegraph Rd, Detroit, MI 48219 +1 (313) 794 - 7081
mBank 14429 Wuoksi Ave, Kaleva, MI 49645 +1 (231) 362 - 3123
Frankenmuth Credit Union Caro Branch 1060 W Caro Rd, Caro, MI 48723 +1 (800) 221 - 8880
Check n Go 2357 Ellsworth Rd Suite B-1, Ypsilanti, MI 48197 +1 (734) 528 - 3405
Check `n Go 9125 Telegraph Rd, Taylor, MI 48180 +1 (313) 299 - 3450
Check `n Go 1662 Packard Hwy Suite B, Charlotte, MI 48813 +1 (517) 543 - 0689
Instant Cash Advance 2750 Bay Rd Ste 2, Saginaw, MI 48603 +1 (989) 497 - 1111
Family First Credit Union 1011 N Michigan Ave, Saginaw, MI 48602 +1 (989) 759 - 1686
Superior Parts and Sales 202 Sawmill Lane, Marenisco, MI 49947 +1 (906) 787 - 3360

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Fair Haven, MI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Dearborn, MI, No Credit Check Loans in Dearborn Heights, MI, Payday Loans in Detroit, MI, Payday Loan Without a Credit Check in East Lansing, MI, Guaranteed Loans in Eastpointe, MI, Same Day Loans in Flint, MI, Payday Loan for Grand Rapids, MI and Bad Credit Loans in Holland, 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 Fair Haven, MI.

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

48023

Are Payday Loans Legal In Fair Haven, 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)

Fair Haven, MI payday loan calculator

Understanding Payday Loans in Fair Haven, Michigan

For many of us, dealing with sudden financial emergencies can be a challenging experience. Whether it’s unexpected medical bills, vehicle repairs, or other unanticipated expenses, the cost of living in today’s world makes it essential to have access to quick funding options when we need them the most.

While credit cards or borrowing from friends or family might be viable options, a payday loan can provide a more immediate solution to your financial predicament. Payday loans can offer an easy and quick way to get financial assistance for those in need, and they are entirely legal in Michigan, including Fair Haven.

What Are Payday Loans?

A payday loan is a small, short-term loan designed to provide that extra cash when you need it the most. Generally, payday loans are offered between paychecks and are expected to be repaid on the next payday cycle. They are typically used for emergency expenses such as car repairs, medical bills, or other sudden expenses that have arisen before payday.

Payday loans offer a quick and straightforward solution for people who need money urgently. The loans are easy to apply for, and you can get the money you need within hours of submitting your application. However, like with any financial product, you need to consider the pros and cons of taking out a payday loan in Fair Haven.

How Do Payday Loans Work?

Payday loans in Fair Haven, Michigan, work like any other payday loan elsewhere in the country. When you request a payday loan, you provide the lender with a postdated check. This check includes the total amount borrowed plus the agreed-upon interest, and it’s written for the date of your next payday.

When you receive your next paycheck, the lender will cash the check to recover the loan amount along with the interest charges. If you are not in a position to repay the loan, you have the option to roll over the loan with an additional fee, but it is not advisable as it can accumulate interest and put you in a debt cycle.

Pros and Cons of Payday Loans in Fair Haven

  • Pros: Easy application process, quick approval, and access to cash in emergencies.
  • Cons: High-interest rates and additional fees, which can lead to an ongoing cycle of debt if you miss paying on time.

The Legality of Payday Loans in Fair Haven

Payday loans are legal in Michigan according to the state’s Universal Consumer Credit Code (UCCC) 487.2121 et seq., which governs all lenders in Fair Haven, Michigan. The state sets a maximum loan of $600, and the maximum fee is 15% of the total loan amount.

It’s essential to note that payday lending is a heavily regulated industry in Michigan. Lenders must have a physical office in Michigan and obtain a license from the Michigan Department of Insurance and Financial Services to operate in Fair Haven legally.

Why Choose TheGuaranteedLoans

If you need a payday loan in Fair Haven, then TheGuaranteedLoans is an excellent option for you. TheGuaranteedLoans is a reputable loan connector service that can help you find a licensed lender with competitive rates and terms.

We understand that facing a financial emergency can be stressful. That’s why we’ve made our application process simple and straightforward. You can apply within minutes online and receive a decision within hours of your application being reviewed.

At TheGuaranteedLoans, we also offer personal loans, title loans, and installment loans if you need something other than a payday loan. Whether you want to pay for unexpected car repairs, cover medical bills, or pay rent and utilities, we have a financial product to suit your needs.

Interesting Facts and Statistics About Payday Loans in Fair Haven, Michigan

  • According to the Michigan Department of Insurance and Financial Services, the average payday loan in Michigan is $350, with a 369% APR, and 90% of payday loans in Michigan are taken by borrowers who took out five or more payday loans within the year.
  • In 2019, Michigan borrowers took out more than 1.7 million payday loans for a total of $563.5 million.
  • The number of payday lenders in Michigan decreased from 599 in 2019 to 543 in 2020.

Apply Now

Ready to apply for a payday loan in Fair Haven, Michigan? The process is easy. Simply fill out our online application and get connected with potential lenders in your area. Remember, we don’t lend money directly, but we facilitate your connection with potential lenders, and the decision to approve or reject your application is entirely up to the lender.

Apply now and get the financial assistance you need today!

F.A.Q.

Can I be charged late fees for not repaying my payday loan in Fair Haven, Michigan on time?

Yes, you may be charged late fees if you are unable to repay your payday loan in Fair Haven, Michigan on time. These fees are typically a percentage of the unpaid balance and are capped at a certain amount by state law.

Can a payday lender in Fair Haven, Michigan garnish my wages if I default on my loan?

Yes, a payday lender in Fair Haven, Michigan can garnish your wages if you default on your loan. However, the amount garnished cannot exceed 25% of your disposable income or the amount by which your disposable income exceeds 30 times the federal minimum hourly wage, whichever is less.