Payday Loans in Jamestown, Michigan

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

Company nameAddressZip codePhone number
Huntington Bank 214 W Upton Ave, Reed City, MI 49677 +1 (231) 832 - 5534
Raymond James Financial Services 601 3 Mile Rd NW B, Grand Rapids, MI 49544 +1 (616) 647 - 7000
Fifth Third Bank & ATM One W Buffalo St, New Buffalo, MI 49117 +1 (269) 469 - 1004
Lundy Financial Services 840 S Van Dyke Rd, Bad Axe, MI 48413 +1 (989) 269 - 7427
OUR Credit Union Normandy Branch 3070 Normandy Rd, Royal Oak, MI 48073 +1 (248) 549 - 3838
Honor Credit Union - Coldwater 621 E Chicago Rd, Coldwater, MI 49036 +1 (517) 278 - 6579
Fifth Third Bank & ATM 2133 N Telegraph Rd, Monroe, MI 48162 +1 (734) 241 - 1212
Clearwater Financial, INC 104 E Grant St, Plainwell, MI 49080 +1 (269) 685 - 1170
Michigan First Credit Union Inside Kroger 16705 Fort St, Southgate, MI 48195 +1 (800) 664 - 3828
Cashland 38 Carleton Rd E, Hillsdale, MI 49242 +1 (517) 437 - 5973

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Jamestown, MI, you can try to find different companies in big cities near by. Check out the following pages here: No Credit Check Loans in Grand Rapids, MI, Payday Loans in Holland, MI, Payday Loans in Jackson, MI, Guaranteed Loans in Kalamazoo, MI, Payday Loans in Lansing, MI, Payday Loans in Lincoln Park, MI, Payday Loans in Livonia, MI and Payday Loans in Macomb, 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 Jamestown, MI.

Beautiful sights of Jamestown, MI

Are Payday Loans Legal In Jamestown, 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)

Jamestown, MI payday loan calculator

Payday Loans in Jamestown, Michigan

Are you facing financial difficulties and need money urgently? If you’re a resident of Jamestown, Michigan, you may be able to get help from payday loans. Payday loans are small, short-term loans that can help you during a financial emergency.

What Are Payday Loans?

Payday loans are an easy and convenient solution to get quick cash. They are short-term loans that must be repaid usually within two weeks or until the borrower’s next payday. It is essential to look into the regulations and restrictions on payday loans in your state before you consider a payday loan.

Payday Loans in Jamestown, Michigan

  • Payday loans are legal in Michigan
  • Jamestown has several licensed payday lenders that offer payday loans to its residents
  • A borrower can have only one payday loan at a time
  • The repayment period for payday loans in Michigan is up to 31 days
  • The maximum amount you can borrow from a payday lender in Michigan is $600

The Application Process

The application process for payday loans in Jamestown, Michigan, is simple and straightforward. You can start the process by filling out an application on TheGuaranteedLoans website. We are a connector service that facilitates your connection with potential lenders.

When you fill out an online application form, you will need to provide personal and financial information. Your lender will use this information to determine whether to approve or deny your loan request.

Interest Rates and Fees

The interest rates and fees for payday loans in Jamestown, Michigan, are regulated by the state. A payday lender cannot charge an interest rate of more than 15% on the first $100 borrowed. On the amount borrowed between $101 and $200, the interest rate cannot be more than 14%. On the amount borrowed between $201 and $400, the interest rate cannot be more than 13%. Finally, on the amount borrowed between $401 and $600, the interest rate cannot be more than 12%. Apart from interest rates, lenders may also charge additional fees for loan processing and late payment.

Repayment

Payday loans in Jamestown, Michigan, must be repaid by the borrower’s next payday or within 31 days. If the borrower fails to repay the loan on time, the lender may add additional fees and interest charges to the outstanding balance. Hence, it’s important to read the terms and conditions of the loan before accepting the offer.

Interesting Facts and Statistics About Payday Loans in Jamestown, Michigan

  • According to the Michigan Department of Insurance and Financial Services (DIFS), in 2020, the number of payday loans taken by Michigan residents was 1.2 million, with a total principal loan amount of $429 million.
  • In Jamestown, Michigan, the maximum amount that can be borrowed from a payday lender is $600.
  • Approximately 70% of Michigan residents who take out payday loans use the loan money for recurring expenses like rent, utilities, and groceries.
  • Default rates on payday loans in Michigan remain higher than the national average, meaning borrowers may struggle to repay loans and may have to refinance the loans or take out more loans to cover previous loans.

Apply Now

If you’re facing a financial emergency and are looking for ways to get quick cash, consider applying for a payday loan on TheGuaranteedLoans website. Fill out our online application form and let’s connect you with potential lenders who can offer the loan you need. Remember, TheGuaranteedLoans is a connector service, not a direct lender, and the terms and conditions of your loan will be between you and your lender.

The application process is simple, and you can get a loan decision in minutes. Many payday lenders we work with can transfer funds to your bank account within 24 hours after loan approval. Apply now and put yourself in a better financial position today.

F.A.Q.

Are payday loans legal in Jamestown, Michigan?

Yes, payday loans are legal in Jamestown, Michigan, but they are subject to certain regulations to protect borrowers from predatory lending practices. Under Michigan law, payday lenders are required to be licensed by the state and are subject to certain restrictions on the interest rates and fees they can charge.

How much can I borrow with a payday loan in Jamestown, Michigan?

Under Michigan law, payday lenders are generally allowed to lend up to $600 to borrowers. However, some lenders may offer larger loans, depending on the borrower's income and credit history.