Payday Loans in Stambaugh, Michigan

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

Company nameAddressZip codePhone number
Raymond James Financial Services 1 E Huron Ave, Bad Axe, MI 48413 +1 (989) 269 - 7248
Lake Trust Credit Union 228 W Highland Rd, Howell, MI 48843 +1 (888) 267 - 7200
Michigan Educational Credit Union - Livonia 14921 Middlebelt Rd, Livonia, MI 48154 +1 (734) 261 - 1050
Advance America 8607 Telegraph Rd, Dearborn Heights, MI 48127 +1 (313) 724 - 9525
Cash Store 15881 W Michigan Ave, Marshall, MI 49068 +1 (269) 789 - 0847
Check `n Go 1111 Washington Ave, Holland, MI 49423 +1 (616) 395 - 3000
Advance America 1026 N Lincoln Rd, Escanaba, MI 49829 +1 (906) 786 - 4406
Cash Now 21319 Gratiot Ave, Eastpointe, MI 48021 +1 (810) 720 - 3668
Isabella Bank 1405 W Washington St, Greenville, MI 48838 +1 (616) 754 - 5100
Check n Go 3017 S Dort Hwy G, Burton, MI 48529 +1 (810) 715 - 5555

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Stambaugh, MI, you can try to find different companies in big cities near by. Check out the following pages here: Guaranteed Loans in Madison Heights, MI, Payday Loans in Midland, MI, Payday Loans in Muskegon, MI, Same Day Loans in Novi, MI, Same Day Loans in Pontiac, MI, No Credit Check Loans in Portage, MI, Short-term Loans in Roseville, MI and Same Day Loans in Royal Oak, 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 Stambaugh, MI.

Beautiful sights of Stambaugh, MI

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

49964

Are Payday Loans Legal In Stambaugh, 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)

Stambaugh, MI payday loan calculator

Payday Loans in Stambaugh, Michigan – What You Need to Know

Payday loans have become increasingly popular over the years, and Stambaugh, Michigan is no exception. These short-term loans are meant to help people who need quick cash to cover unexpected expenses. However, before you apply for one, it’s important to understand how they work, the rules surrounding them, and the best way to go about getting one.

What are payday loans?

A payday loan is a short-term loan that is meant to help you bridge the gap between paychecks or when unexpected emergencies arise. They are usually due on your next paycheck and come with high-interest rates and fees.

How do they work?

The process for getting a payday loan in Stambaugh, Michigan is straightforward. First, you must provide proof of income, such as a pay stub or bank statement. You’ll also need to give the lender your contact and banking information, so they know where to deposit your loan funds.

Once you’re approved, the funds will be deposited directly into your bank account. You’ll then be responsible for repaying the loan on your next payday. If you can’t repay the loan on time, the lender will usually charge you additional fees and interest, which can increase the amount you owe.

Are payday loans legal in Michigan?

Yes, payday loans are legal in Michigan. The state has put regulations in place to protect consumers from predatory lending practices. These rules include limiting the amount of money you can borrow, capping the interest rates and fees, and requiring lenders to be licensed and registered with the state.

How much can you borrow?

In Michigan, you can borrow up to $600 in payday loans from any lender. However, the amount you actually qualify for will depend on your income, expenses, and creditworthiness. Keep in mind that the more you borrow, the more you’ll have to repay, so only borrow what you need.

What are the fees and interest rates?

In Stambaugh, Michigan, the maximum interest rate on payday loans is 390%. Additionally, lenders can charge up to 15% of the loan amount in fees. For example, if you borrow $100, you may have to pay a $15 fee. If you cannot repay the loan on time, additional fees and interest may be added to your total repayment amount.

What are the repayment terms?

Payday loans are meant to be repaid on your next payday. This means that you’ll typically have two to four weeks to repay the loan. If you can’t repay the loan on time, you may be charged additional fees and interest.

What are the alternatives to payday loans?

While payday loans can offer a quick solution to unexpected expenses, they come with high fees and interest rates. If you’re looking for alternatives, consider the following:

  • A personal loan from a bank or credit union
  • A credit card cash advance
  • Borrowing money from family or friends
  • Asking for an advance from your employer
  • Selling items you no longer need

Interesting Facts and Statistics about Payday Loans in Stambaugh, Michigan

  • According to the Consumer Financial Protection Bureau, the average payday loan borrower takes out 10 loans per year.
  • In Michigan, the number of payday loan stores has decreased in recent years due to state regulations.
  • In 2019, the state legislature introduced a bill that would allow for longer payday loan repayment terms and lower interest rates, but it has not yet been passed.

Apply Now

Do you need a payday loan in Stambaugh, Michigan? TheGuaranteedLoans is here to help! We specialize in connecting borrowers with trustworthy lenders who offer payday loans. Our process is quick and easy, and our lenders comply with all Michigan state regulations. Fill out our online application now for a chance to get the cash you need!

Please note that TheGuaranteedLoans is not a direct lender. We are a connector service that will facilitate your connection with potential lenders who may be able to provide you with a loan. Make sure to read the lender’s terms and conditions carefully before accepting an offer.

F.A.Q.

Are there any restrictions on the use of payday loan funds in Stambaugh, Michigan?

Yes, there are restrictions on the use of payday loan funds in Stambaugh, Michigan. The funds must be used for a legitimate financial need, such as covering unexpected expenses or paying for bills.

What are the penalties for violating payday loan regulations in Stambaugh, Michigan?

Penalties for violating payday loan regulations in Stambaugh, Michigan may include fines, revocation of a lender's license, and criminal prosecution.