Payday Loans in New Troy, Michigan

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

Company nameAddressZip codePhone number
Advance America 310 W Genesee Ave, Saginaw, MI 48602 +1 (989) 771 - 4901
Lake Trust Credit Union 209 N Church St, Hastings, MI 49058 +1 (888) 267 - 7200
Honor Bank 11926 Chippewa Hwy, Bear Lake, MI 49614 +1 (877) 325 - 8031
American 1 Credit Union 108 W Main St, Milan, MI 48160 +1 (734) 439 - 0630
Frankenmuth Credit Union Elkton Branch 47 N Main St, Elkton, MI 48731 +1 (989) 497 - 1600
Kelly AW Check Cashing 20042 Kelly Rd, Harper Woods, MI 48225 +1 (313) 521 - 7777
Arbor Financial Credit Union 7200 Kalamazoo Ave SE, Caledonia, MI 49316 +1 (269) 375 - 6702
Allied Cash Advance 175 W River Valley, Newaygo, MI 49337 +1 (231) 648 - 3036
Approved Cash 3934 W Saginaw St, Lansing, MI 48917 +1 (517) 321 - 4613
Cherry Creek Mortgage, Lisa Watson, NMLS 917611 71 S 20th St Ste 107B, Battle Creek, MI 49015 +1 (269) 962 - 0200

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in New Troy, MI, you can try to find different companies in big cities near by. Check out the following pages here: 24-Hour Loan in Lincoln Park, MI, Payday Loan Without a Credit Check in Livonia, MI, Payday Loans in Macomb, MI, Quick Loan in Madison Heights, MI, Quick Loan in Midland, MI, Quick Loan in Muskegon, MI, Payday Loan for Novi, MI and Payday Loans in Pontiac, 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 New Troy, MI.

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

49119

Are Payday Loans Legal In New Troy, 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)

New Troy, MI payday loan calculator

Payday Loans in New Troy, Michigan: What You Need to Know

If you’re a resident of New Troy, Michigan and you’re facing unexpected expenses or bills, you may be considering taking out a payday loan. Payday loans provide a quick solution to financial emergencies, but they can also be risky if you don’t understand how they work. In this article, we’ll cover what you need to know about payday loans in New Troy, Michigan.

What are Payday Loans?

Payday loans are short-term loans that are designed to help borrowers get through financial emergencies between paychecks. They are typically for amounts between $100 and $1,000 and are meant to be repaid with the borrower’s next paycheck. Payday loans are known for their high interest rates and fees, which can be as much as 400% APR.

Are Payday Loans Legal in New Troy, Michigan?

Yes, payday loans are legal in Michigan. However, the state has put regulations in place to protect consumers from predatory lenders. Michigan law limits the amount of interest a lender can charge on a payday loan and requires lenders to be licensed and registered. Borrowers can also only take out one payday loan at a time and must wait 48 hours before taking out another loan.

How to Apply for a Payday Loan in New Troy, Michigan

If you’ve decided that a payday loan is right for you, there are a few steps you’ll need to take to apply. First, you’ll need to find a licensed lender in New Troy, Michigan. You can either search online or look for storefront lenders in your area. Once you’ve found a lender, you’ll need to provide them with your personal and financial information, including your name, address, income, and bank account information. The lender will then review your application and make a decision on whether or not to approve your loan.

Pros and Cons of Payday Loans

  • Pros: Payday loans can provide quick cash for emergencies, even for borrowers with bad credit. They are also easy to obtain, with minimal requirements and a quick approval process.
  • Cons: Payday loans have high interest rates and fees, which can trap borrowers in a cycle of debt. They can also be risky if you don’t have a plan to repay the loan.

Interesting Facts about Payday Loans in New Troy, Michigan

  • The maximum payday loan amount in Michigan is $600.
  • The average payday loan borrower in Michigan takes out 10 loans per year, with an average loan amount of $350.
  • Payday lenders in Michigan make over $100 million in fees each year.

Apply Now

At TheGuaranteedLoans, we understand that unexpected expenses can be stressful and overwhelming. That’s why we offer a convenient and secure online application process to connect borrowers with potential lenders. Fill out our easy application today and get the financial help you need.

Please note that TheGuaranteedLoans is not a direct lender and does not make credit decisions. We are a connector service that facilitates connections between borrowers and potential lenders.

F.A.Q.

Can I be arrested for not repaying my payday loan in New Troy, Michigan?

No, you cannot be arrested for not repaying your payday loan in New Troy, Michigan. However, the lender may choose to pursue legal action against you to recover the unpaid balance.

Is it illegal to take out a payday loan in New Troy, Michigan if I am already in debt?

No, it is not illegal to take out a payday loan in New Troy, Michigan if you are already in debt. However, it is important to carefully consider whether you will be able to repay the loan and avoid further financial difficulties.