Payday Loans in Moscow, Michigan

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

Company nameAddressZip codePhone number
Jackson Hewitt Tax Service 201 73rd St, South Haven, MI 49090 +1 (855) 301 - 1040
ELGA Credit Union Holly 15223 N Holly Rd, Holly, MI 48442 +1 (810) 715 - 3542
Level One Bank Bloomfield Hills Michigan 37100 Woodward Ave, Bloomfield Hills, MI 48304 +1 (248) 530 - 7401
Check `n Go 1681 E Main St Suite 115, Owosso, MI 48867 +1 (989) 729 - 6562
Huntington Bank 1300 S Beacon Blvd, Grand Haven, MI 49417 +1 (616) 846 - 6600
Upper Peninsula State Bank 1890 S Stephenson Ave, Iron Mountain, MI 49801 +1 (906) 779 - 2141
Approved Cash 619-B Leonard Street, Grand Rapids, MI 49504 +1 (616) 776 - 7742
Mercantile Bank of Michigan 9344 Belding Rd, Belding, MI 48809 +1 (616) 794 - 0890
CheckSmart 136 N Telegraph Rd, Dearborn, MI 48128 +1 (313) 278 - 2508
KeyBank 1360 W Maumee St, Adrian, MI 49221 +1 (517) 215 - 7777

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Moscow, MI, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in Detroit, MI, Short-term Loans in East Lansing, MI, Payday Loans in Eastpointe, MI, Payday Loan Without a Credit Check in Flint, MI, Same Day Loans in Grand Rapids, MI, Online Loans in Holland, MI, Payday Loans in Jackson, MI and Payday Loans in Kalamazoo, 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 Moscow, MI.

Beautiful sights of Moscow, MI

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

49257

Are Payday Loans Legal In Moscow, 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)

Moscow, MI payday loan calculator

Understanding Payday Loans in Moscow, Michigan

Payday loans have become increasingly popular among those seeking short-term solutions to their financial troubles. While they can be a useful tool for some, it’s important to understand the potential risks and benefits before applying for one. This article will cover everything you need to know about payday loans in Moscow, Michigan.

What Are Payday Loans?

A payday loan is a type of loan that is typically repaid on the borrower’s next payday. They are designed to be short-term solutions to financial emergencies, such as unexpected car repairs or medical bills. In Michigan, payday loans are legal, and borrowers are allowed to borrow up to $600. The loan term cannot exceed 31 days, and lenders are allowed to charge up to 15% interest.

Pros and Cons of Payday Loans

There are both pros and cons to using payday loans, and it’s important to evaluate both before deciding if they are right for you.

Pros:

  • Quick and easy application process
  • No collateral required
  • Funds can be available within 24 hours

Cons:

  • High interest rates
  • Short repayment period
  • Can lead to a cycle of debt if not repaid on time

Applying for a Payday Loan in Moscow, Michigan

If you have decided that a payday loan is the right choice for you, there are several things you should know before applying. First, it is important to choose a reputable lender. In Michigan, all payday lenders must be licensed by the Department of Insurance and Financial Services (DIFS), so be sure to verify that any lender you are considering is licensed.

Next, it’s important to understand the fees associated with the loan. Michigan law allows lenders to charge up to 15% interest on payday loans, so be sure to ask about any additional fees that may be included.

Finally, before taking out a payday loan, it’s important to evaluate your ability to repay the loan on time. If you are unable to repay the loan on your next payday, you may be subject to additional fees and interest charges, which can quickly lead to a cycle of debt.

Apply Now

If you have evaluated the pros and cons of payday loans and have determined that they are the right choice for your financial situation, TheGuaranteedLoans can help you connect with potential lenders in Moscow, Michigan. As a loan connector service, we are committed to providing our customers with reliable and trustworthy lending options. Fill out our online application today to get started!

Interesting Facts and Statistics About Payday Loans in Moscow, Michigan

  • In 2019, Michigan residents took out nearly 1.8 million payday loans, totaling over $530 million in borrowed funds.
  • The average payday loan in Michigan is $375.
  • Michigan’s 15% interest rate is among the lowest in the country for payday loans.
  • Payday lenders in Michigan are required to offer a payment plan to borrowers who are unable to repay their loans on time.

Conclusion

Payday loans can be a useful tool for those seeking short-term financial solutions, but it’s important to understand the potential risks and benefits before applying for one. If you have decided that a payday loan is the right choice for you, be sure to choose a reputable lender, understand the fees associated with the loan, and evaluate your ability to repay the loan on time. TheGuaranteedLoans can help you connect with potential lenders in Moscow, Michigan. Remember, always borrow responsibly and only what you can afford to repay.

F.A.Q.

What is the repayment period for payday loans in Moscow, Michigan?

The repayment period for payday loans in Moscow, Michigan is typically 14 days.

Can I have multiple payday loans at once in Moscow, Michigan?

in Moscow, Michigan, borrowers are not allowed to have more than one payday loan outstanding at any given time.