Payday Loans in Walloon Lake, Michigan

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

Company nameAddressZip codePhone number
ChoiceOne Bank 637 S Main St, Lapeer, MI 48446 +1 (810) 664 - 9986
Advance America 1824 S Stephenson Ave, Iron Mountain, MI 49801 +1 (906) 774 - 4061
Cash Giant Of Eastpointe 14871 E 8 Mile Rd, Eastpointe, MI 48021 +1 (586) 871 - 2069
Check 'n Go 2124 N Mitchell St, Cadillac, MI 49601 +1 (231) 779 - 1700
Independent Bank 3251 Henry St, Muskegon, MI 49441 +1 (231) 830 - 3999
Barron Title Agency 309 Petoskey Ave, Charlevoix, MI 49720 +1 (231) 547 - 8003
Huntington Bank 201 E Main St, Marion, MI 49665 +1 (231) 743 - 2491
Horizon Bank 500 W Buffalo St, New Buffalo, MI 49117 +1 (269) 469 - 2265
Cashland 38 Carleton Rd E, Hillsdale, MI 49242 +1 (517) 437 - 5973
Fast Cash 800 Maple St, Big Rapids, MI 49307 +1 (231) 796 - 0851

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Walloon Lake, MI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Pontiac, MI, Short-term Loans in Portage, MI, Payday Loans in Roseville, MI, Quick Loan in Royal Oak, MI, Payday Loans in Saginaw, MI, Bad Credit Loans in Saint Clair Shores, MI, Emergency Loan in Southfield, MI and Payday Loans in Sterling Heights, 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 Walloon Lake, MI.

Beautiful sights of Walloon Lake, MI

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

49796

Are Payday Loans Legal In Walloon Lake, 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)

Walloon Lake, MI payday loan calculator

The Ultimate Guide to Payday Loans in Walloon Lake, Michigan

Payday loans are a form of short-term lending that can help individuals cover unexpected expenses. These loans are easy to obtain, and the process is simple and straightforward. If you reside in Walloon Lake, Michigan, payday loans are legal, and there are many lenders to choose from. This article will explore everything you need to know about payday loans in Walloon Lake, Michigan, and how to apply for one.

What are Payday Loans?

A payday loan is a form of credit that is extended to individuals for a short duration. These loans are designed to cover unforeseen expenses that arise before a borrower’s next paycheck. Payday loans typically have high-interest rates and fees, which make them expensive forms of credit. They are also easy to access, and people with poor credit can qualify.

How Do Payday Loans Work in Walloon Lake, Michigan?

In Michigan, payday loans can be extended for up to $600, and repayment terms can be as little as 31 days and up to 90 days. Lenders in Walloon Lake, Michigan, are required to be licensed by the state, and they have to abide by the regulations set forth by the Michigan Department of Insurance and Financial Services (DIFS).

When applying for a payday loan, you will be required to fill out an application with your personal and employment information. The lender will also require proof of income, such as a bank statement or pay stub. The lender will then evaluate your loan application and determine whether or not you qualify for the loan. If approved, the lender will release the funds to you, and you will be required to repay the loan, including interest and fees, on your next payday.

Benefits of Payday Loans in Walloon Lake, Michigan

  • Quick access to funds for unexpected expenses
  • Loans are available to people with poor credit
  • Easy application process
  • Funds can be used for any purpose

However, it is important to note that payday loans have higher interest rates and fees compared to other forms of credit. Make sure you only borrow what you need and can afford to repay on time.

How to Apply for a Payday Loan in Walloon Lake, Michigan

You can apply for a payday loan in Walloon Lake, Michigan, by visiting a physical store or going through an online lender. To apply for a loan, you will need to provide personal and employment information and proof of income. If approved, the lender will release the funds to you, and you will be required to repay the loan on your next payday.

At TheGuaranteedLoans, we connect borrowers with potential lenders in our network. To apply for a payday loan in Walloon Lake, Michigan, fill out the online application on our website. We will connect you with potential lenders based on the information you provide in your application. Our service is free, and we are not a direct lender. We simply facilitate connections between borrowers and lenders.

Facts and Statistics about Payday Loans in Walloon Lake, Michigan

  • The average payday loan in Michigan is $375 (Finder.com).
  • In Michigan, the maximum amount of a payday loan is $600 (DIFS).
  • The interest rate on payday loans in Michigan can reach up to 391% APR (DIFS).
  • Over 87% of Michigan payday loan borrowers take out more than one loan per year (Michigan League for Public Policy).
  • Michigan payday loan borrowers spend an average of 69 days a year in debt (Michigan League for Public Policy).
  • The payday loan industry in Michigan employs over 1,000 people (DIFS).

Apply Now

To apply for a payday loan in Walloon Lake, Michigan, fill out our online application on TheGuaranteedLoans website. You can get connected with potential lenders quickly and easily. Remember, our service is free, and we are not a direct lender. We simply facilitate connections between borrowers and lenders.

Conclusion

If you need quick access to funds to cover unexpected expenses, a payday loan in Walloon Lake, Michigan, may be a good option. However, it is important to remember that these loans are expensive forms of credit, and you should only borrow what you need and can afford to repay on time. At TheGuaranteedLoans, we connect borrowers with potential lenders in our network to help you get the funds you need quickly and easily.

F.A.Q.

Can I be charged late fees for not repaying my payday loan in Walloon Lake, Michigan on time?

Yes, you may be charged late fees if you are unable to repay your payday loan in Walloon Lake, Michigan on time. These fees are typically a percentage of the unpaid balance and are capped at a certain amount by state law.

Can a payday lender in Walloon Lake, Michigan garnish my wages if I default on my loan?

Yes, a payday lender in Walloon Lake, Michigan can garnish your wages if you default on your loan. However, the amount garnished cannot exceed 25% of your disposable income or the amount by which your disposable income exceeds 30 times the federal minimum hourly wage, whichever is less.