Payday Loans in Springport, Michigan

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
Huron Valley State Bank 130 S Milford Rd, Milford, MI 48381 +1 (248) 684 - 9626
Instant Cash 3087 W Houghton Lake Dr, Houghton Lake, MI 48629 +1 (989) 366 - 6500
Fifth Third Bank & ATM 3870 State Street Rd, Bay City, MI 48706 +1 (989) 667 - 5304
Lansing Postal Community Credit Union 4600 Collins Rd, Lansing, MI 48909 +1 (517) 337 - 0401
Shelby State Bank 388 S Hancock St, Pentwater, MI 49449 +1 (231) 869 - 2647
Huntington Mortgage Group 211 S Division St, Bellaire, MI 49615
Independent Bank 1111 W Caro Rd, Caro, MI 48723 +1 (989) 673 - 5656
Members First Credit Union 1291 W Cedar Ave, Gladwin, MI 48624 +1 (855) 835 - 6328
Quality Payday Loan Services 2607 Eaton Rapids Rd, Lansing, MI 48911
County National Bank 109 W Main St, Homer, MI 49245 +1 (517) 568 - 4448

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Springport, MI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Bay City, MI, Payday Loans in Bedford, MI, Payday Loans in Dearborn, MI, Payday Loan Without a Credit Check in Dearborn Heights, MI, Emergency Loan in Detroit, MI, Short-term Loans in East Lansing, MI, Payday Loans in Eastpointe, MI and Online Loans in Flint, 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 Springport, MI.

Beautiful sights of Springport, MI

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

49284

Are Payday Loans Legal In Springport, 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)

Springport, MI payday loan calculator

Understanding Payday Loans In Springport, Michigan

If you reside in Springport, Michigan, and find yourself in need of immediate financial help, taking out a payday loan can be the solution. A payday loan can provide you with the funds you need until your next paycheck arrives. Michigan is among the states where payday loans are legal; thus, it is essential to be familiar with the rules that lenders must follow.

What Are Payday Loans?

Payday loans represent short-term loans that borrowers must repay by their next payday. Typically, a payday loan ranges from $50 to $1,000. Lenders usually charge a fee for the payday loan, which can be up to 15% of the borrowed amount.

The Process Of Obtaining Payday Loans In Springport, Michigan

Obtaining a payday loan in Springport, Michigan involves a simple process. Typically, lenders will request the borrower to present a valid ID, proof of income, and a bank account. Once the borrower gets approval for the loan, the funds will be deposited into their bank account.

Rates And Fees

Michigan regulations allow lenders to charge a maximum of 15% of the borrowed amount as fees. This implies that on a payday loan of $100, a borrower could be charged a $15 fee. Additionally, if the borrower fails to repay the loan on time, lenders can charge a non-sufficient funds fee of up to $25.

Repayment And Alternative Options

Michigan regulations require payday lenders to offer borrowers the chance to extend their repayment date once per loan. The borrower must complete an extended payment plan agreement with the lender before requesting an extension.

For individuals who might not be interested in taking out a payday loan, there are other options available. Consider credit counseling, negotiating with creditors, receiving a salary advance from your employer, or taking out a loan from a credit union.

Interesting Facts And Statistics On Payday Loans In Springport, Michigan

  • Michigan has a payday loan use rate of 5.2%, which is lower than the average rate of 6.4% for the country.
  • The average payday loan amount was $350.15 in Michigan in 2021.
  • The state of Michigan caps the maximum loan amount at $600.
  • Michigan limits individuals from having more than one payday loan at any given time.

Apply Now

If you require immediate financial help, TheGuaranteedLoans can provide a solution. As a connecting service, TheGuaranteedLoans is not a direct lender. However, it facilitates your connection with potential lenders who can offer you the funds you need. Fill out an online application now and get connected to our network of lenders today!

In conclusion, payday loans are an accessible option for immediate financial assistance to residents of Springport, Michigan. Understanding the regulations governing payday loans in Michigan provides a better approach to finding a reputable lender with better loan terms. Always consider the implications, rates, fees, and alternative options before making any financial decisions.

F.A.Q.

How long do I have to pay back a payday loan in Springport, Michigan?

The repayment term for a payday loan in Springport, Michigan is 14 days.

Can I be arrested for not paying back a payday loan in Springport, Michigan?

No, you cannot be arrested for not paying back a payday loan in Springport, Michigan. However, your lender may take legal action to collect the debt.