Start Your Loan Request


By submitting your information you agree to our Privacy Policy, Terms and understand the risks of payday loans.

Michigan Payday Loans

Across the nation there are many states where the payday loan lending industry is growing rapidly. Michigan is one such state where a number of new lenders have set up shop to provide payday loans to individuals who are in need of a fast solution to their financial troubles. If you are in need of money to get you through until your next check is deposited in the bank then look no further than to meet your needs. In just a few minutes you can complete our secure online application and have the money you need the same day. We pride ourselves on providing a quick and convenient source of last minute cash.

Michigan Payday Loan Laws

Prior to new legislation passed in November 2005 there was little regulation of the Michigan payday loan industry; however, today there are stringent rules and regulations in place to protect borrowers and lenders in Michigan. Beginning in June 2006 all business entities offering Michigan payday loans are required to hold a license in the state. These regulations also stipulate that no borrower can take a payday loan for more than $600 in any one month period and cannot have more than one payday loan at any given time. In addition, the payday loan borrower must pay no more than $15 in interest charges for every $100 that is loaned in a two week period. These regulations are strictly enforced by the state regulatory agencies.

The most recent count of payday loan lenders operating in Michigan found that there were approximately 650 lenders. However, since there are more and more locations opening each and every day across the state of Michigan this number has grown significantly, though there are no concrete statistics to support this fact.

Most American families live from paycheck to paycheck with little reserves to cover unexpected expenses such as trips to the doctor or vehicle repairs. When these unexpected events occur, many find themselves scrambling to find a way to cover the cost. If you have ever found yourself in this situation you know how stressful it can be, especially if payday is at least a week away. If you are a resident of Michigan you can choose to supplement your income with a short term payday loan from

The process for getting a Michigan payday loan is simple and painless. All you have to do is fill out a brief application and if you are approved you can have the money in your pocket by the end of the day. The money loans to you can be used to cover any expense. You don't have to use it to cover your bills if you don't want to use it in that manner. You can use it for groceries or that vacation you have been planning. It's a fast way to get the cash you need to get you through until payday. When your employer pays you, simply pay us back with that money.

The great thing about is that you don't have to leave home to get a payday loan. You can avoid long lines at the local payday loan lenders and apply from the privacy of your home. All you need is a personal computer to complete our brief application. You never have to worry that we won't keep your information confidential or that we will sell it to outside companies. With our secure application you never have to worry about someone getting a hold of your contact information and using it against you. Give us a try today and have the money in your account in just a few hours.

Payday loan lenders operating within the state of Michigan are regulated by the government when it comes to the length of loans and the amount that can be lent to a borrower. These laws are designed to protect the individual borrower from getting in over their heads and to keep lenders from taking advantage of customers. Any Michigan payday loan may only be good for a maximum of 31 days and information regarding repayment terms, interest rates, and fees must be included in the written contract. In addition, the Michigan payday loan contract must also include contact information the borrower can use to lodge a complaint or inquire about additional information.

Michigan law also stipulates that payday loans conducted in the state must include the following statements on the contract. These statements must be in bold type-face:

  • "A deferred deposit loan is not intended to meet long-term financial needs. The payday lender cannot use any criminal process to collect any deferred deposit loan."
  • "State law prohibits you from having outstanding at any time deferred deposit loans totaling more than $500. Failure to obey this Michigan law could result in financial hardship for your and your family."

Michigan payday loan lenders are permitted by law to charge a service fee in addition to the interest rate and a $5 origination fee. This fee is limited to no more than 20% of the annual interest rate for the payday loan. In an effort to make repayment easier, borrowers have the option to make partial payments toward the payoff of their payday loan and can make payment at anytime during the loan term without incurring any additional charges. In the event that the money is repaid to the lender by 5pm on the same day the money was borrowed, no fees can be charged for the payday loan. Finally, the borrower must wait at least twenty-four hours after completing repayment before applying for another payday loan.

If you are worried about making your payments on time or if you just need some extra spending money, check out what can do for you. As a resident of Michigan you can have money in your pocket by the end of the day and get on with your life. Take a few minutes to visit our site and apply for your Michigan payday loan.

Michigan Unemployment Statistics

During the past ten year period the unemployment rate in Michigan has fluctuated between 3.1% and .79%. In January 2005 the unemployment rate in Michigan was 7.8%, but over the next twelve month period the percentage of unemployed residents of Michigan decreased to 7.1% or 356,882 people.