Payday Loans in Waters, 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 Waters, MI. Consider companies in other cities:

Company nameAddressZip codePhone number
check n go, Check n Go Store Directory 545 E Grand Blanc Rd Suite 3, Grand Blanc, MI 48439 +1 (810) 953 - 9946
Instant Cash Advance 65 Douglas Ave, Holland, MI 49424 +1 (616) 355 - 0122
Huntington Bank 505 N 26th St, Escanaba, MI 49829 +1 (906) 398 - 6060
Michigan First Credit Union Inside Walmart 2001 W Maple Rd, Troy, MI 48084 +1 (800) 664 - 3828
Comerica Bank 121 Brooklyn Rd, Napoleon, MI 49261 +1 (517) 536 - 8685
Cash Fast Cheboygan 1101 S Main St, Cheboygan, MI 49721 +1 (231) 333 - 3030
Check n Go 2357 Ellsworth Rd Suite B-1, Ypsilanti, MI 48197 +1 (734) 528 - 3405
Chemical Bank 100 Chippewa Rd, Kawkawlin, MI 48631 +1 (989) 686 - 5700
Automotive Finance Corporation 6956 Lansing Rd, Dimondale, MI 48821 +1 (517) 646 - 7788
check n go, Check n Go Store Directory 2331 S State Rd B, Ionia, MI 48846 +1 (616) 522 - 9960

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Waters, MI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Holland, MI, Payday Loans in Jackson, MI, Payday Loans in Kalamazoo, MI, Payday Loans in Lansing, MI, Payday Loans in Lincoln Park, MI, Payday Loan for Livonia, MI, Payday Loans in Macomb, MI and Same Day Loans in Madison 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 Waters, MI.

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

49735, 49797

Are Payday Loans Legal In Waters, 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)

Waters, MI payday loan calculator

Understanding Payday Loans in Waters, Michigan

Payday loans are a popular option for many Americans in need of quick cash to handle unexpected expenses. In Michigan, payday loans are legal and regulated by the Michigan Department of Insurance and Financial Services (DIFS). In this article, we’ll explore everything you need to know about payday loans in Waters, Michigan.

The Basics of Payday Loans

A payday loan is a short-term, high-cost loan that is typically due on the borrower’s next payday. Borrowers typically provide the lender with a postdated check or authorize the lender to withdraw the loan amount plus fees directly from their bank account on the due date. In Michigan, payday lenders can charge up to 15% on the first $100 borrowed, 14% on the second $100, 13% on the third $100, 12% on the fourth $100, and 11% on the fifth and sixth $100.

It is important to note that payday loans are not a long-term financial solution and should only be used in emergency situations. The high fees and short repayment terms can put borrowers at risk of falling into debt if they are unable to repay the loan on time.

Payday Loans in Waters, Michigan

While payday loans are legal in Michigan, Waters residents should be aware of the specific regulations and restrictions that apply to payday lenders in the state. Some of the key regulations include:

  • Payday lenders must be licensed by DIFS and comply with state regulations.
  • Payday loans cannot exceed $600 per borrower per loan.
  • Borrowers can only have one outstanding payday loan at a time and cannot take out more than two payday loans in a 90-day period.
  • Lenders must provide borrowers with a written agreement that includes the loan amount, fees, and repayment terms.
  • Lenders cannot charge borrowers for accessing the loan funds.

It is important to carefully read and understand the terms of a payday loan before agreeing to it. Borrowers should also consider alternative options such as borrowing from family or friends, negotiating a payment plan with creditors, or applying for a traditional personal loan.

Interesting Facts and Statistics

  • In 2018, Michigan payday lenders issued more than 1.7 million loans totaling over $765 million.
  • The average payday loan amount in Michigan is $375, and the average term is just over 16 days.
  • Michigan borrowers pay an average of 391% APR on payday loans.
  • More than 80% of payday loans in Michigan are taken out by borrowers who take out seven or more loans per year.

Apply Now

If you are considering applying for a payday loan in Waters, Michigan, TheGuaranteedLoans can help connect you with potential lenders who can provide you with fast and easy access to the funds you need. Fill out our online application form and we will match you with a lender that fits your needs. Remember, TheGuaranteedLoans is a connector service and not a direct lender.

Final Thoughts

Payday loans can be a useful financial tool for those in need of quick cash, but they should be used carefully and responsibly. As a borrower, it is important to understand the regulations that apply to payday lenders in your state and to carefully consider the fees and repayment terms before agreeing to a loan. Always explore alternative options and seek financial advice if needed.

F.A.Q.

Can I renew or rollover my payday loan in Waters, Michigan?

No, payday loans in Waters, Michigan cannot be renewed or rolled over.

What happens if I can't pay back my payday loan in Waters, Michigan on time?

If you are unable to pay back your payday loan in Waters, Michigan on time, you may be charged additional fees and interest. You may also be subject to collection actions. It is important to contact your lender to discuss your options if you are unable to make a payment.