Michigan is a state that has vast landscapes and incredible natural resources. Michigan also has a rich history in the automobile industry. It is home to three of America’s major automakers, and while it is sparsely populated, its natural resources make for an abundant tourism opportunity.
Payday loans in Michigan are different than the usual type of lending. They are designed for emergencies, such as to pay off car repairs or medical bills that one can’t afford on their own without sacrificing other necessities like food and shelter in some cases. In Michigan there is legislation about how they operate which ensures transparency and fairness so borrowers aren’t taken advantage of by interest rates being higher than what was originally agreed upon at loan origination or hidden fees added after signing the agreement.
Payday Loans in Michigan
Money can be tight for all of us, but sometimes emergency situations arise and you need a fast cash loan. There’s nothing quite like the feeling of desperation. That sinking, heavy dread that comes over you when your bank account is running on empty and there’s nowhere to turn for help
That’s why Personal Money Store is here to help! We provide an easy online application in Michigan that gets approved in as little time as 24 hours with the fastest turnaround possible. We pride ourselves in providing a quick loan service with top-of-the-line customer care so our customers are always well taken care of; no matter how dire their situation may be or what they need cash fast for.
Detroit - Grand Rapids
Cost and Regulations for Payday Loans in Michigan?
Finance charges. If the amount of your loan is not bigger than $30, payday lenders can’t charge more than $1 per every $5 you borrow.
Maximum APR When obtaining a 14-day 100 dollar loan, the maximum annual percentage rate you may expect is 309%.
Acquisition fees: if the amount of cash advance money borrowed ranges between 30 and 100 dollars it’s possible to anticipate an acquisition fee which will be one-tenth from this repayable value or else for those who have loans higher within 1000 bucks than approximately ten dollars usually is Maximum quantity
Maximum term. The terms of payday loans in Michigan vary from one week to 31 days and should be considered before applying for a loan.
How to apply for a Payday Loan in Michigan
Lenders will want to confirm that you are a citizen or permanent resident of the US, at least 18 years old, and have steady employment. To be eligible for an account with them, you’ll need your Social Security number and date of birth as well as contact details such as phone numbers and email id (or those from previous employers). They may also ask for additional documentation like ID cards so they can verify who you say is on the application.
The lender needs certain information in order to approve loans: age requirements; citizenship status/residency; proof of income if employed full-time
If you’re applying for a loan online, make sure to provide the lender with access to your checking account. This will ensure that once approved and if we are able to deposit it directly in your account or have them debit payments when due, then this process should be as seamless as possible.
Benefits of getting Payday Loan in Michigan with Personal Money Store
- Quick Application: The quicker you fill out an application, the more time you have for other things. That’s why we created Quick and Convenient Forms that allow people to apply in as little as two minutes!
2. Fast Approval: You can get the cash in your bank account fast. Our instant approval process will deposit money into your bank account during one working day after signing up with us and using our no-hassle service! No matter what city you live in, we’ll help make sure that once the loan agreement is signed and transaction initiated–you’re set to go 24 hours later.
3. Easy Application: Apply for a Louisiana payday loan from the comfort of your home with just an internet connection. You can apply on the go and do it in minutes, whether you’re at work, out to dinner, or stuck in traffic! Finally, free yourself from having to rely on expensive storefronts – all that’s needed is access to online lending services.
4.Transparency: We have the best rates and transparency, so you can be sure that every penny is calculated fairly. With our transparent agreements from start to finish, there’s no reason why you should look anywhere else for your financial needs.Alaska - Alabama - California - Colorado - Delaware - Florida - Hawaii - Iowa - Idaho - Indiana - Kansas - Kentucky - Louisiana - Maine - Michigan - Minnesota - Missouri - Mississippi - Montana - North Dakota - Nebraska - New Hampshire - New Mexico - Nevada - Ohio - Oklahoma - Oregon - Rhode Island - South Carolina - South Dakota - Tennessee - Texas - Utah - Virginia - Washington - Wisconsin - Wyoming