Payday Loans in Pierson, Michigan

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

Company nameAddressZip codePhone number
Olmsted and Mulhall - Wedbush Securities 100 W Crosstown Pkwy, Kalamazoo, MI 49001 +1 (269) 342 - 0111
Huntington Bank 1300 W Chicago Blvd, Tecumseh, MI 49286 +1 (517) 423 - 6707
Consumers Credit Union 1835 Breton Rd SE, Grand Rapids, MI 49506 +1 (800) 991 - 2221
Huntington Bank 1201 Lears Rd, Petoskey, MI 49770 +1 (231) 347 - 1363
Check Into Cash 2107 W Michigan Ave, Jackson, MI 49202 +1 (517) 782 - 2239
CheckSmart 27127 Van Dyke Ave, Warren, MI 48093 +1 (586) 757 - 8995
Michigan One Community Credit Union 10776 W Carson City Rd, Greenville, MI 48838 +1 (616) 225 - 2200
Huntington Mortgage Group 102 Mill St, East Jordan, MI 49727
Payday Advance 36357 Groesbeck Hwy, Charter Twp of Clinton, MI 48035 +1 (586) 746 - 1654
Marshall Community Credit Union 839 W Green St, Marshall, MI 49068 +1 (269) 781 - 9885

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Pierson, MI, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in Dearborn Heights, MI, Payday Loans in Detroit, MI, Payday Loan for East Lansing, MI, Same Day Loans in Eastpointe, MI, Bad Credit Loans in Flint, MI, Payday Loan for Grand Rapids, MI, Bad Credit Loans in Holland, MI and Payday Loans in Jackson, 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 Pierson, MI.

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

49339

Are Payday Loans Legal In Pierson, 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)

Pierson, MI payday loan calculator

Payday Loans in Pierson, Michigan: What You Need to Know

If you live in Pierson, Michigan, and have found yourself in a financial bind, you may be considering a payday loan. These loans can provide quick access to funds for unexpected expenses or emergencies. However, before you take out a payday loan, it is important to understand the laws and regulations surrounding these types of loans in Michigan and in Pierson specifically. In this article, we will cover everything you need to know about payday loans in Pierson, Michigan.

What is a Payday Loan?

A payday loan is a short-term loan that is typically due on your next payday. These loans are designed to provide quick access to funds for individuals who need cash immediately for unexpected expenses or emergencies, such as car repairs or medical bills.

In Pierson, Michigan, payday loans are legal and regulated by the Michigan Department of Insurance and Financial Services. The state of Michigan allows payday lenders to charge up to 600% APR on a 14-day loan of up to $100. For loans between $100 and $250, the maximum APR is 426%. Lenders are not allowed to charge more than these amounts under Michigan law.

How to Apply for a Payday Loan in Pierson, Michigan

If you decide to apply for a payday loan in Pierson, Michigan, the first step is to find a licensed lender. You can do this by searching online or by visiting a lender in person. Before applying for a loan, make sure you understand the terms and fees associated with the loan. You should also have a plan in place for repaying the loan on time to avoid any additional fees or charges.

To apply for a payday loan, you will need to provide the lender with your personal information, including your name, address, and social security number. You will also need to provide proof of income and employment, such as a pay stub or bank statement, to demonstrate your ability to repay the loan.

Potential Risks of Payday Loans

While payday loans can be a necessary source of emergency funds, there are also potential risks associated with these types of loans. One risk is the high interest rates and fees charged by payday lenders. These rates can make it difficult to repay the loan on time and can lead to a cycle of debt if the loan is not paid off quickly.

Another risk is the potential for predatory lending practices. Some lenders may take advantage of borrowers who are in desperate need of cash and may charge high fees or offer unnecessary services.

Interesting Facts and Statistics About Payday Loans in Pierson, Michigan

  • In 2019, there were 542 licensed payday lenders in Michigan.
  • The average payday loan in Michigan is $350.
  • The average APR on a payday loan in Michigan is 369%.
  • In 2020, Michigan borrowers took out more than 2 million payday loans.

Apply Now for Payday Loans in Pierson, Michigan

If you need quick cash for unexpected expenses or emergencies, TheGuaranteedLoans can help you connect with potential lenders for payday loans in Pierson, Michigan. We work as a connector service, not a direct lender, to provide you with access to a network of reputable lenders. Our online application is easy to complete and can provide quick results. Apply now to get started.

Remember, payday loans can be a valuable source of emergency funds when used responsibly. However, it is important to understand the risks and potential costs of these loans before applying. Always read the terms and fees carefully and have a plan in place for repaying the loan on time to avoid any additional fees or charges.

F.A.Q.

Can I file for bankruptcy to discharge my payday loan debt in Pierson, Michigan?

Yes, you may be able to file for bankruptcy to discharge your payday loan debt in Pierson, Michigan, depending on your specific circumstances. It is recommended to consult with a bankruptcy attorney to determine the best course of action.

What happens if I default on my payday loan in Pierson, Michigan?

If you default on your payday loan in Pierson, Michigan, the lender may choose to pursue collections actions against you, such as garnishing your wages or seizing your assets.