Payday Loans in Paradise, Michigan

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

Company nameAddressZip codePhone number
Honor Credit Union - Decatur 201 N Phelps St, Decatur, MI 49045 +1 (269) 983 - 6357
Walmart Money Center 3225 US-41, Marquette, MI 49855
Cash USA 1439 N Leroy St, Fenton, MI 48430 +1 (810) 629 - 9800
Huntington Bank 611 E Grand River Rd, Howell, MI 48843 +1 (517) 546 - 3610
PNC Bank 375 River St, Manistee, MI 49660 +1 (231) 723 - 6565
Chase Bank 898 W Houghton Lake Dr, Prudenville, MI 48651 +1 (989) 366 - 5394
New Executive Mortgage LLC 11831 Maple Rd 2, Birch Run, MI 48415 +1 (989) 624 - 0123
Crossroads Title Agency 325 E Lake St l4, Petoskey, MI 49770 +1 (231) 881 - 9080
TIAA Financial Services 4660 Hagadorn Rd Suite 130, East Lansing, MI 48823 +1 (866) 842 - 2825
Check n Go 300 N Clippert St 2, Lansing, MI 48912 +1 (517) 203 - 0000

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Paradise, MI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Westland, MI, Payday Loans in Wyoming, MI, Payday Loan Without a Credit Check in Ann Arbor, MI, Payday Loans in Battle Creek, MI, Payday Loan for Bay City, MI, Payday Loans in Bedford, MI, Quick Loan in Dearborn, MI and Payday Loans in Dearborn 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 Paradise, MI.

Beautiful sights of Paradise, MI

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

49647, 49768

Are Payday Loans Legal In Paradise, 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)

Paradise, MI payday loan calculator

Payday Loans in Paradise, Michigan: Understanding Your Options

Payday loans can provide a quick and convenient solution for those in need of a short-term financial boost. In Paradise, Michigan, payday loans are legal and readily available to those who meet the necessary requirements. However, it’s crucial to understand the terms and conditions associated with these loans before applying.

The Basics of Payday Loans in Paradise, Michigan

Payday loans in Paradise, Michigan are offered to residents who are at least 18 years old, can provide proof of income, and have a valid checking account. These loans must be repaid by the borrower’s next payday, typically within two weeks.

The maximum amount someone can borrow in Paradise is $600, and the maximum finance charge is 15% of the loan amount. This means that if you borrow the full $600, the finance charge cannot exceed $90. While these fees may seem high, they are in line with the rates charged by payday lenders in other states.

The Pros and Cons of Payday Loans

Like any financial product, payday loans have both advantages and disadvantages. On the positive side, they can provide quick access to funds without going through a lengthy approval process. They are also available to those with poor credit, as lenders typically do not require a credit check.

However, the high fees associated with payday loans can lead to a cycle of debt for some borrowers. Rolling over or renewing a loan can result in additional fees and interest charges, making it difficult to break free from the debt cycle. In addition, payday loans do not help to build credit, as they are not reported to credit bureaus.

Applying for a Payday Loan in Paradise

Residents of Paradise can apply for a payday loan online or in-person at a local lender. When applying, be sure to have your identification, proof of income, and bank account information readily available. You will also need to provide contact information, such as your phone number and email address.

It’s crucial to read and understand the terms and conditions of the loan before signing any agreement. Be sure to ask questions if anything is unclear, and never borrow more than you can afford to repay.

Interesting Facts and Statistics

  • Michigan is one of 32 states in the US that allows payday lending.
  • The average payday loan borrower in Michigan takes out eight loans per year, with an average loan amount of $375.
  • In Michigan, payday lenders are required to be licensed and regulated by the Department of Insurance and Financial Services (DIFS).
  • In 2020, the Consumer Financial Protection Bureau (CFPB) rolled back regulations on payday lending, which could make it easier for lenders to offer high-cost loans.

Apply Now

If you’re in need of a payday loan in Paradise, Michigan, TheGuaranteedLoans can help. As a connector service, we work with a network of trusted lenders who can offer fast and convenient solutions for your financial needs. Fill out our online application today, and we’ll connect you with potential lenders who are ready to help.

Please note that TheGuaranteedLoans is not a direct lender and does not make decisions about loan approval or terms. We are a connection service only, and our goal is to help you find the right lender for your needs.

F.A.Q.

What is the maximum amount I can borrow with a payday loan in Paradise, Michigan?

The maximum amount you can borrow with a payday loan in Paradise, Michigan is $600.

What is the APR for payday loans in Paradise, Michigan?

The APR for payday loans in Paradise, Michigan is 390%.