Payday Loans in Scottville, Michigan

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

Company nameAddressZip codePhone number
GreenStone Farm Credit Services 3515 West Rd, East Lansing, MI 48823 +1 (517) 318 - 2290
Lake Trust Credit Union 8661 W Grand River Rd, Brighton, MI 48116 +1 (888) 267 - 7200
McBride Accounting 123 S Main, Cedar Springs, MI 49319 +1 (616) 696 - 1599
AllStar Payday Loans 11543 Northland Dr NE, Rockford, MI 49341 +1 (616) 951 - 7373
Chemical Bank 209 N Paw Paw St, Coloma, MI 49038 +1 (269) 468 - 3170
Clare County Title Co 195 W Main St, Harrison, MI 48625 +1 (989) 539 - 7134
Loan Stop 3400 Shattuck Rd, Saginaw, MI 48603 +1 (989) 497 - 0989
CheckSmart 26150 Eureka Rd, Taylor, MI 48180 +1 (734) 946 - 0672
Check & Cash USA LLC 1101 S Main St, Cheboygan, MI 49721 +1 (231) 597 - 9700
Check `n Go 88 S 20th St, Battle Creek, MI 49015 +1 (269) 965 - 8900

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Scottville, MI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Wyoming, MI, Payday Loans in Ann Arbor, MI, Payday Loans in Battle Creek, MI, Payday Loans in Bay City, MI, Payday Loans in Bedford, MI, Payday Loans in Dearborn, MI, Payday Loans in Dearborn Heights, MI and Payday Loan Companies in Detroit, 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 Scottville, MI.

Beautiful sights of Scottville, MI

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

49454

Are Payday Loans Legal In Scottville, 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)

Scottville, MI payday loan calculator

Payday Loans in Scottville, Michigan: Everything You Need to Know

Payday loans are a popular financial option in Scottville, Michigan. These short-term loans offer a solution for individuals who need quick cash for unexpected expenses or emergencies. In Michigan, payday loans are legal, and the state has enacted specific laws and regulations to protect borrowers.

What Are Payday Loans?

Payday loans are short-term loans with a high-interest rate. They are typically due on the borrower’s next payday. These loans are often used to cover unexpected expenses or emergencies, such as car repairs or medical bills.

To qualify for a payday loan in Scottville, Michigan, borrowers must have a steady income and a valid bank account. The loan amount is based on the borrower’s income and ability to repay the loan.

Payday Loan Regulations in Scottville, Michigan

Michigan has enacted specific laws and regulations to protect consumers who use payday loans. According to Michigan law, payday lenders must be licensed and adhere to all state laws and regulations.

Michigan law limits the amount a borrower can receive in a payday loan. The maximum loan amount is $600, and the loan term must be no longer than 31 days. Lenders may charge up to 15% of the first $100 borrowed, 14% of the second $100, 13% of the third $100, 12% of the fourth $100, and 11% of the fifth and sixth $100.

To ensure that borrowers are not trapped in a cycle of debt, Michigan law prohibits rolling over payday loans. Borrowers must pay off the loan in full before taking out another payday loan.

The Benefits of Payday Loans in Scottville, Michigan

Payday loans can be a valuable financial tool for those who need quick cash. They offer several benefits, including:

  • Quick and easy application process
  • No credit check required
  • Flexible loan terms
  • Funds can be used for any purpose

However, it’s important to remember that payday loans should only be used for emergencies or unexpected expenses. Borrowers should carefully consider the terms and fees before taking out a payday loan.

Interesting Facts and Statistics about Payday Loans in Scottville, Michigan

  • According to the Michigan Department of Insurance and Financial Services, there were 580 licensed payday lenders in the state as of October 2021.
  • In Michigan, the average payday loan is $375, and the average interest rate is 369%.
  • In 2020, Michigan borrowers took out more than 777,000 payday loans, with a total loan value of $284 million.

Apply Now for a Payday Loan in Scottville, Michigan

If you’re in need of quick cash, TheGuaranteedLoans can help. As a connector service, we work with a network of potential lenders to help you find a payday loan that meets your needs. To get started, simply fill out our online application form. Remember, payday loans should only be used for unexpected emergencies, and borrowers should carefully consider the terms and fees of the loan.

F.A.Q.

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

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

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

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