Michigan Cash Loans

In Michigan there are many cash advance loan options to help solve those financial emergencies that could pop up between paychecks. You could drive to a cash advance store in your area, or apply for a loan at a bank. A fast and secure way to get the emergency cash you need is to go to CashLoan.org; your emergency cash can be in your account in an hour or less.

An emergency car repair, a medical emergency, a gift for that surprise birthday party or an unexpected financial loss are just some of the emergency financial problems that could surprise you between paychecks. CashLoan.org offers a quick and confidential service: take two minutes to fill out your application, and within 90 seconds the approval will come through and an hour after that the funds will be waiting for you in your account. It is that easy.

There’s no need to wait until your next paycheck to take care of your financial emergency- a cash advance loan is just a click away. Residents in most states can take advantage of CashLoan.org’s reliable, confidential and secure service. Simply APPLY NOW online or contact us today!

State Law

Michigan law states that the written contract from the lender must clearly state the terms owed to the creditor and must include a phone number and address to the consumer for the purposes of filing a complaint. Borrowers may not have more than two outstanding payday loans at a time per lender. While civil action is allowed, payday advance lenders may not pursue criminal action against a borrower.

Maximum Loan

$600 is the maximum payday advance loan, excluding fees, allowed by law. Loan Terms Loan terms vary, but cannot exceed a maximum of 31 days.

Rollovers

Michigan law does not permit extensions or rollovers.

Fee Limits

Finance fees cannot exceed a 25% annual interest rate in addition to a $5 fee. Depending on the amount of the loan, a payday lender may charge a maximum finance fee of 15%.

Michigan Cash Loan Debate

If you feel a payday lender is operating unfairly or engaging in illegal collection practices, you can contact your Michigan Attorney General:

Office of the Attorney General – Consumer Protection
PO Box 30213
Lansing, MI 48909