Payday Loans in Gilford, Michigan

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

Company nameAddressZip codePhone number
Chase Mortgage 7645 S State St, Harbor Springs, MI 49740 +1 (231) 526 - 6243
MBM Check Cashing 21532 Van Dyke Ave, Warren, MI 48089 +1 (313) 366 - 2274
Advance America 30434 Milford Rd, New Hudson, MI 48165 +1 (248) 446 - 0649
check n go, Check n Go Store Directory 1313 Washington St, Midland, MI 48640 +1 (989) 633 - 2880
Advance America 5096 Schaefer Rd, Dearborn, MI 48126 +1 (313) 624 - 9109
Chemical Bank 10795 E Carson City Rd, Carson City, MI 48811 +1 (989) 584 - 3105
Myles Insurance Agency Inc 624 W Lake St, Tawas City, MI 48763 +1 (989) 362 - 3425
Cash Net Advance 20914 Gratiot Ave, Eastpointe, MI 48021 +1 (586) 200 - 2405
Ready Money 625 W Main St, Gaylord, MI 49735 +1 (989) 732 - 0605
Kevin Wray's Financial Services 105 W 3rd St, Pinconning, MI 48650 +1 (989) 879 - 2150

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Gilford, MI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Royal Oak, MI, Payday Loan Without a Credit Check in Saginaw, MI, Payday Loans in Saint Clair Shores, MI, Payday Loan Companies in Southfield, MI, Payday Loan Companies in Sterling Heights, MI, Guaranteed Loans in Taylor, MI, Payday Loans in Troy, MI and Payday Loan for Warren, 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 Gilford, MI.

Beautiful sights of Gilford, MI

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

48736

Are Payday Loans Legal In Gilford, 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)

Gilford, MI payday loan calculator

What You Need to Know About Payday Loans in Gilford, Michigan

Payday loans are a popular way to borrow money, especially for people who need money quickly and don’t have good credit. In Michigan, payday loans are legal, but there are some important rules and regulations that you need to be aware of before you consider taking out a payday loan.

How Do Payday Loans Work in Gilford, Michigan?

Payday loans are designed to be short-term loans that you pay back when you receive your next paycheck. You typically borrow a small amount of money, such as $100-$500, and pay it back within a few weeks. The interest rates on payday loans are generally high, often in the range of 400%, which can make them very expensive.

In Gilford, Michigan, payday lenders are required to be licensed by the Department of Insurance and Financial Services. Lenders are also required to have a written agreement that outlines the terms of the loan, including the interest rate, fees, and repayment schedule. There are also limits on how much you can borrow and how many loans you can have at one time.

What Are the Pros and Cons of Payday Loans?

Payday loans can be a convenient way to borrow money, especially if you have an urgent expense that you need to pay for. However, there are also some downsides to payday loans that you should be aware of.

Pros:

  • Quick and easy to obtain
  • No credit check required
  • No collateral required
  • Can be used for any purpose
  • Can help you avoid more expensive fees, such as overdraft fees

Cons:

  • High interest rates and fees
  • Short repayment period
  • Can lead to a cycle of debt if you can’t pay back the loan on time
  • Not a good solution for long-term financial problems

Interesting Facts and Statistics About Payday Loans in Gilford, Michigan

  • In Michigan, the maximum amount you can borrow from a payday lender is $600.
  • Michigan law prohibits payday lenders from charging more than 36% APR.
  • The average payday loan APR in Michigan is 369%, which is higher than the legal limit.
  • In 2019, payday lenders in Michigan made more than 1.7 million loans, with an average loan amount of $350.

Apply Now

Are you considering a payday loan in Gilford, Michigan? TheGuaranteedLoans can help connect you with potential lenders who may be able to offer you a loan. We are a connector service, not a direct lender, so we won’t make any lending decisions. Instead, we’ll help facilitate your connection with potential lenders who may be able to offer you a loan. Fill out our online application today to get started.

Remember to borrow responsibly and only take out a payday loan if you have the means to pay it back on time. Payday loans can be a useful tool for managing unexpected expenses, but they should not be used as a long-term solution for financial problems.

F.A.Q.

What is the maximum amount I can borrow with a payday loan in Gilford, Michigan?

The maximum amount you can borrow with a payday loan in Gilford, Michigan is $600.

What is the APR for payday loans in Gilford, Michigan?

The APR for payday loans in Gilford, Michigan is 390%.