Payday Loans in Little Lake, Michigan

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

Company nameAddressZip codePhone number
Huntington Bank 6001 Highland Rd, White Lake, MI 48383 +1 (248) 775 - 4113
North Central Area Credit Union 505 Clyde St, Grayling, MI 49738 +1 (989) 910 - 5135
First Merchants Bank 15 E Center St, Petersburg, MI 49270 +1 (734) 279 - 1415
Instant Cash Advance 529 S Main St ste c, Standish, MI 48658 +1 (989) 846 - 9585
Michigan Tech Employees Federal Credit Union (MTEFCU) 700 E Sharon Ave, Houghton, MI 49931 +1 (906) 482 - 5005
Honor Credit Union - Coloma 133 Badt Dr, Coloma, MI 49038 +1 (269) 468 - 7705
Huntington Bank 310 S Main St, Brooklyn, MI 49230 +1 (517) 592 - 8413
Principal Financial Group 7549 Old U.S. 31 Hwy, Petoskey, MI 49770 +1 (231) 758 - 8112
Integra First Federal Credit Union 2600 10th St, Menominee, MI 49858 +1 (906) 863 - 5566
LibertyX Bitcoin Cashier 1591 Plainfield Ave NE, Grand Rapids, MI 49505 +1 (800) 511 - 8940

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Little Lake, MI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Without a Credit Check in Pontiac, MI, Guaranteed Loans in Portage, MI, Payday Loan Companies in Roseville, MI, Quick Loan in Royal Oak, MI, Bad Credit Loans in Saginaw, MI, Payday Loans in Saint Clair Shores, MI, Payday Loans in Southfield, MI and Payday Loans in Sterling Heights, 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 Little Lake, MI.

Are Payday Loans Legal In Little Lake, 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)

Little Lake, MI payday loan calculator

When financial emergencies strike and you need quick cash, payday loans in Little Lake, Michigan can provide a helpful solution. Payday loans are a type of short-term loan designed to help people cover unexpected expenses until they receive their next paycheck.

The Details of Payday Loans in Little Lake, Michigan

Payday loans are legal in Michigan and are governed by state laws that regulate the maximum amount you can borrow, the fees and interest rates, and the repayment terms. In Little Lake, Michigan, the maximum amount you can borrow is $600, and the length of the loan cannot exceed 31 days. The maximum fee lenders can charge is 15% of the loan amount, meaning that if you borrow $100, you will pay $15 in fees. The maximum annual percentage rate (APR) is 390%.

It’s important to note that payday loans are designed for short-term emergencies and are not suitable for long-term financial solutions. If you cannot repay the loan on time, you may face additional fees and charges, and your credit score may be negatively affected.

Applying for a Payday Loan in Little Lake, Michigan

Applying for a payday loan in Little Lake, Michigan is a simple process that can be completed online or in-person at a payday lending store. To qualify for a loan, you must be at least 18 years old, have a valid government-issued ID, proof of income, and an active checking account.

The application process usually takes just a few minutes, and you can receive a decision on your loan application quickly. If your loan is approved, you can receive the funds within one business day.

Benefits of Payday Loans in Little Lake, Michigan

  • Quick approval process: Payday loan applications are straightforward and can be approved in minutes.
  • No credit check required: Payday lenders do not typically perform credit checks, making them an option for people with poor credit or no credit history.
  • Avoid overdraft fees: Payday loans can help you avoid overdraft fees on your bank account.

Drawbacks of Payday Loans in Little Lake, Michigan

  • High interest rates: Payday loans have higher interest rates than other types of loans, making them a more expensive option.
  • Short repayment terms: Payday loans must be repaid within a short period, which can be a challenge for some borrowers.
  • Potential for debt cycle: If you cannot repay your loan on time, you may face additional fees and charges, and your debt may spiral out of control.

Interesting Facts About Payday Loans in Little Lake, Michigan

  • In 2018, the Consumer Financial Protection Bureau (CFPB) proposed a rule to regulate payday lending practices and protect consumers from predatory lending. The rule was later repealed under the Trump administration.
  • A study by the Center for Responsible Lending found that the average payday loan borrower is in debt for 199 days each year.
  • In Little Lake, Michigan, payday loans are regulated under the Deferred Presentment Service Transactions Act (DPSTA).

Apply Now

If you are in need of a payday loan in Little Lake, Michigan, TheGuaranteedLoans can help connect you with potential lenders. We are a connector service, not a direct lender, and we work with a network of reputable lenders who can provide you with the cash you need. To apply for a loan, simply fill out our online application form and we will match you with lenders who meet your specific financial needs.

Remember, payday loans are a short-term solution for emergency expenses, and should not be used as a long-term financial strategy. Always read the terms and conditions of your loan agreement before accepting the funds.

F.A.Q.

Can I apply for a payday loan online in Little Lake, Michigan?

Yes, you can apply for a payday loan online in Little Lake, Michigan. However, make sure to research and compare different lenders to find the best terms and rates.

What is the maximum number of payday loans I can have at one time in Little Lake, Michigan?

The maximum number of payday loans you can have at one time in Little Lake, Michigan is two.