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

Company nameAddressZip codePhone number
Huntington Mortgage Group 201 State St, Charlevoix, MI 49720
BlueOx Credit Union - Battle Creek 115 Riverside Dr, Battle Creek, MI 49015 +1 (800) 648 - 8035
Frankfort Community Federal CU 921 Forest Ave, Frankfort, MI 49635 +1 (231) 352 - 9392
Allied Cash Advance 1044 28th St SW Unit 7E, Grand Rapids, MI 49509 +1 (616) 532 - 1745
Check `n Go 14306 Gratiot Ave, Detroit, MI 48205 +1 (313) 521 - 3146
Heart Stone Financial - Ameriprise Financial Services, LLC 555 Broadway St, South Haven, MI 49090 +1 (269) 509 - 4300
ChoiceOne Bank 5475 Apple Ave, Muskegon, MI 49442 +1 (616) 887 - 7366
Bank of America with Drive-thru ATM 4738 Central Park Dr, Okemos, MI 48864 +1 (517) 347 - 3509
Genisys Credit Union 120 S Washington St, Oxford, MI 48371 +1 (248) 236 - 8135
Southern Michigan Bank & Trust 225 N Broadway St, Union City, MI 49094 +1 (517) 741 - 4281

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Lakeland, MI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Sterling Heights, MI, Payday Loan Without a Credit Check in Taylor, MI, Payday Loans in Troy, MI, Same Day Loans in Warren, MI, Payday Loans in Westland, MI, Emergency Loan in Wyoming, MI, Payday Loans in Ann Arbor, MI and Short-term Loans in Battle Creek, 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 Lakeland, MI.

Are Payday Loans Legal In Lakeland, 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)

Lakeland, MI payday loan calculator

Payday Loans in Lakeland, Michigan

Are you struggling to keep up with your bills? Are unexpected expenses popping up, leaving you short on cash? If so, you may be considering taking out a payday loan. Let’s explore what payday loans are, how they work, and what to look for when seeking a payday loan in Lakeland, Michigan.

What are Payday Loans?

Payday loans are a type of short-term loan designed to provide funds to borrowers until their next payday. These loans typically have high interest rates and fees and are often used by individuals who need cash quickly and have no other means of borrowing money.

Payday loans are legal in Michigan, and many borrowers in Lakeland turn to payday loans when they are short on cash. However, it’s important to understand the risks associated with payday loans before taking one out.

How Do Payday Loans Work?

To obtain a payday loan, borrowers must provide identification, proof of income, and a post-dated check or authorization for an electronic debit for the loan amount plus any fees and interest. These loans typically have terms of two to four weeks, and the borrower must repay the loan in full when it is due, typically on their next payday.

Payday loans are often marketed as a quick and easy way to get cash, but because of their high interest rates and fees, they can be difficult to repay. Borrowers who are unable to repay the loan when it is due may be forced to take out another loan, leading to a cycle of debt.

What to Look for When Seeking a Payday Loan in Lakeland, Michigan

When seeking a payday loan in Lakeland, Michigan, it’s important to look for a reputable lender with transparent terms and fees. Here are some things to consider:

  • Interest rates and fees: Payday lenders in Michigan are allowed to charge up to 15% for the first $100 borrowed, 14% for the second $100, 13% for the third $100, and so on, up to 11% for amounts above $400. Be sure to carefully review the lender’s fees and ask any questions you have before signing the loan agreement.
  • Repayment terms: Make sure you understand when the loan is due and how you will be expected to repay it. Ask about any penalties or fees for late repayment or non-payment.
  • Lender reputation: Check online reviews and ratings to get an idea of the lender’s reputation. Look for a lender with positive reviews and a history of treating customers fairly.
  • Other options: Consider other borrowing options, such as a personal loan or credit card, before taking out a payday loan. These options may have lower interest rates and fees and may be easier to repay.

Interesting Facts and Statistics About Payday Loans in Lakeland, Michigan

  • In 2019, Michigan lawmakers passed a bill to expand payday lending in the state, allowing lenders to offer loans of up to $2,500 with interest rates of up to 166%.
  • According to a 2016 report from the Center for Responsible Lending, the average payday loan borrower in Michigan takes out 10 loans per year, spending an average of 242 days in debt.
  • A 2018 report from the Michigan League for Public Policy found that payday lenders in Michigan charge an average annual interest rate of 369%.

Apply Now

If you are considering a payday loan in Lakeland, Michigan, TheGuaranteedLoans can help connect you with potential lenders. Please note that we are a connector service, not a direct lender, and we do not make lending decisions or set loan terms or fees.

Our online application process is fast and easy, and we work with a network of trusted lenders to help you find the loan that’s right for you. To get started, simply fill out our online application at theguaranteedloans.com/apply-now/.

Remember to always borrow responsibly, and only take out a loan if you are certain you can repay it on time. If you are struggling with debt, there are a range of resources available to help you get back on track, including credit counseling and debt management programs.

F.A.Q.

How long do I have to pay back a payday loan in Lakeland, Michigan?

The repayment term for a payday loan in Lakeland, Michigan is 14 days.

Can I be arrested for not paying back a payday loan in Lakeland, Michigan?

No, you cannot be arrested for not paying back a payday loan in Lakeland, Michigan. However, your lender may take legal action to collect the debt.