Payday Loans in Pontiac, Michigan

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Payday Loan Companies in Pontiac, MI

Company nameAddressZip codePhone number
Advance America 759 Baldwin Ave 48340 +1 (248) 322 - 2450
Advance America 1626 N Perry St #4 48340 +1 (248) 364 - 0188
Check `n Go 1897 N Perry St 48340 +1 (248) 364 - 4066
Check n Go 1897 North Perry Road 48340 +1 (248) 364 - 4066
CheckSmart 980 Orchard Lake Rd 48341 +1 (248) 972 - 0810
Flagstar Bank 1648 N Perry St 48340 +1 (248) 475 - 0696
Genisys Credit Union 44400 Woodward Ave 48341 +1 (248) 858 - 2323
Huntington Bank 1821 N Perry St 48340 +1 (248) 475 - 1940
One Stop Cash Advance 335 W Walton Blvd 48340 +1 (248) 454 - 1007
Pontiac Check Cashing 398 W Huron St 48341 +1 (248) 309 - 3732

Payday Loan Companies in Nearby Cities

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

Beautiful sights of Pontiac, MI

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

48342, 48340, 48341, 48343

Are Payday Loans Legal In Pontiac, 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)

Pontiac, MI payday loan calculator

Payday Loans in Pontiac, Michigan

When you’re short on cash and don’t have the time to wait for a loan, a payday loan in Pontiac, Michigan may be right for you. Payday loans are short-term loans that allow you to borrow small amounts of money quickly, usually within a one- to two-week time frame. The legal status of payday loans in Michigan is something you should be aware of before applying.

Understanding Payday Loans in Pontiac, Michigan

Payday loans are not legal in every state. Michigan is one of the few states where payday loans are legal, as long as they comply with certain state laws. In Michigan, payday loans can be up to $600 with terms that last up to 31 days. The loan must be repaid in full on the due date, though you may be able to work out a repayment plan with your lender if needed.

Pros and Cons of Payday Loans

Payday loans can be a helpful tool when used responsibly, but due to the high costs of the loans, they should be seen as a last resort. Taking out a payday loan can be helpful if you need quick cash to cover an emergency expense, but you should be aware of the pros and cons before you commit to taking one out.

Pros:

  • Fast money: Payday loans can provide quick access to cash when you need it.
  • Short term: Payday loans are typically due in two weeks or less.
  • No collateral: You don’t have to put up any collateral when you take out a payday loan.

Cons:

  • High costs: Payday loans typically come with high fees and interest rates.
  • Short term: These loans are due in two weeks, which may be difficult to pay off in that short amount of time.
  • Debt cycle: If you are not able to pay the loan in full, you may end up in a debt cycle.

How to Find a Payday Loan in Pontiac, Michigan

If you are interested in taking out a payday loan in Pontiac, Michigan, you should be aware of the legal requirements for borrowing. You must be at least 18 years old, have a valid ID and provide proof of income. You should also make sure the lender follows all of the state’s laws and regulations, including that they can only lend you up to $600.

There are several different types of payday lenders in Pontiac, with most of them operating online. Before you apply for a loan, you should shop around to compare lenders and compare the interest rates and fees they charge.

Applying for a Payday Loan

Once you have found a lender, you can begin the application process. You will need to provide some basic information about yourself, such as your name, address and monthly income. You may also need to provide bank account information if you are applying for an online loan.

When you are ready to apply, you will need to sign the loan agreement and provide any required identification. Once the lender has approved your application, the money will be deposited into your bank account within one business day.

Repaying Your Payday Loan

When it comes time to repay your payday loan, you will need to make sure you make your payments on time. Most lenders allow you to make payments online, but you may need to contact them if you are having trouble making payments. It is important to remember that if you don’t repay the loan on time, you may be charged late fees and additional interest.

Apply Now

If you are considering a payday loan in Pontiac, Michigan, you should consider your options carefully and compare lenders before you apply. If you would like to save time on the application process, you can apply for a loan now on TheGuaranteedLoans website. We are not a lender, but we can help connect you with lenders who are licensed to provide payday loans in your area.

Frequently Asked Questions

What is a payday loan?

A payday loan is a short-term loan that allows you to borrow a small amount of money quickly, usually within a one- to two-week time frame.

Are payday loans legal in Michigan?

Yes, payday loans are legal in Michigan, as long as they comply with certain state laws.

What is the maximum amount I can borrow?

In Michigan, payday loans can be up to $600 with terms that last up to 31 days.

Can I apply for a loan on TheGuaranteedLoans website?

Yes, you can apply for a loan on TheGuaranteedLoans website. We are not a lender, but we can help connect you with lenders who are licensed to provide payday loans in your area.

More F.A.Q.

Can I be sued for not paying back a payday loan in Pontiac, Michigan?

in Pontiac, Michigan, payday loan lenders are not allowed to sue borrowers for non-payment. However, they may be able to use other collection methods, such as wage garnishment or bank account seizure. It is important to communicate with your lender if you are unable to make payments and to seek legal advice if necessary.

What are the maximum loan amounts and interest rates for payday loans in Pontiac, Michigan?

The maximum loan amount for payday loans in Pontiac, Michigan is $600, with an annual interest rate of 391%.

How Many Cash Advance Companies are in Pontiac, MI?

With the help of our service, you will be able to find 10 cash advance companies in Pontiac, MI

What Cash Advance Companies in Pontiac, MI are the most popular?

You should check Advance America, Check `n Go, and CheckSmart. Also, you can start your application online on our website.