Payday Loans in Grand Blanc, Michigan

Incidents happen, and we often wind up in a place where we must cover some unexpected bills. Consider applying for a paycheck advance loan in Grand Blanc, Michigan, to see if you are eligible.

The application process is swift and straightforward. To be eligible, loan borrowers must meet a few general criteria.

What is a Payday Loan? What Can It Cover?

A payday advance loan is where the borrower will be extended a small amount of cash on a short-term basis. This is thought of as an unsecured loan because no collateral is expected.

When unexpected expenses present themselves, for example past due rent or utility expenditures, vehicle repairs, health or vet costs, and so on, individuals usually turn to payday advance loans.

Paycheck Advance Loan Criteria In Grand Blanc, MI

In Grand Blanc, Michigan, payday loan borrowers are required to satisfy several criteria to be eligible for a loan.

The borrower has to:

• Prove that they are a resident of Grand Blanc, MI
• Must be 18 years old
• Receive a steady income that they can provide proof of being at least $1,000/month
• Provide up-to-date contact details including phone number and email address
• Give their SSN

If a borrower does not satisfy the above criteria, they will automatically be denied a payday advance loan. Ensure that you can provide the documentation required when submitting your application.

Laws and Regulations Concerning Cash Advance Loans in Grand Blanc, Michigan

Michigan has deemed payday lending legal. However, they have set the following rules and laws for the paycheck advance lending market:

• An individual money lender cannot offer a loan in excess of $600. Borrowers are not allowed to have greater than two active loans from different lenders. There is no smallest loan amount.
• There is no minimum loan term, the longest loan term length is 31 days. In Michigan, borrowers are unable to rollover their loans.
• The fees and charges are different for each money lender. The service costs charged by the lender on each loan or transaction are not considered interest. The service fees apply to every $100 borrowed and can vary from 11% up to 15%.
• An interest rate must be mutually decided upon. APR can be as much as 369%.

Will Cash Advance Lenders in Grand Blanc, Michigan, Perform Credit Checks? What If I Have Poor/No Credit History At All?

Yes, the lenders we work with will do a credit check on you, but, even if you have no credit or bad credit, you may still be approved for a loan as long as you can prove that you are able to repay the loan. Lenders are generally unbothered by your credit if you possess proof of income and a plan to repay the loan.

Lenders will rely on a soft credit check, which will have no impact on your credit score. This is solely to get a feel of your credit history and basic information.

A hard credit check, on the other hand, needs your explicit consent. These credit inquiries are performed for a variety of purposes, such as mortgages, credit cards, and more.

You may still be approved for a payday loan with poor credit in Grand Blanc, MI, provided that you can prove you will repay the loan.

So, when you apply, albeit in person or online, ensure that you have your income information easily accessible and any other documents showing that you can repay the loan. The more evidence you have, the better chance your loan request will be granted.

When Will I Receive My Funds in Grand Blanc, Michigan?

When you see your loan actually relies on your lender as some lenders provide same-day cash advance loans, which means you will receive your payday loan on the same day you request a loan, as long as you're approved.

Much of the time, however, lenders will send the borrower their lump sum on the next business day. Businesses typically close for holidays and weekends. Because of this, if you submit your application on a Friday, you might not get your deposit until Monday.

If you're needing a same-day paycheck advance loan in Grand Blanc, MI, you will need to be sure that you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that cut-off. However, you should request a loan earlier than that if able, as it will increase the likelihood that you see your money on the day that you apply.

One additional factor that you should know is even if the money lender grants your loan request and posts the credit to your bank account, sometimes the bank won't release that funds right away. It's paramount that you let your bank know that you plan to get a cash advance loan, so they might make an exception in releasing the cash earlier.

On the whole, it's wise to prepare in advance to receive your loan on the next business day. That way, you're not left in the lurch if you cannot receive it on the same day.

Think About Working With Us

If you possess bad credit or no credit and are searching to get a payday advance loan, think about applying through us, as you usually have a higher chance of approval.

We partner with hundreds of different lenders who provide their services online. Most of the time you will get your cash on the following business day so make sure that you plan correctly.

However, you can always locate the nearest payday loan storefront to you and apply in person to boost the chances of getting your money on the same day. When applying in person, make sure that you have your government ID or driver's license; a passport will work as well. Sometimes, lenders may require proof of address, so bring a utility bill to the store as well.

To find the nearest paycheck advance loan store, please use the list below and find your city.

Payday Loan Direct Lender Companies in Grand Blanc, MI

Below you will find a list of payday loan companies offering their services in Grand Blanc, Michigan. If you can't find a lender near your location in Grand Blanc, consider applying in a nearby city in Michigan. Alternatively, you can apply online on our website and get a decision almost instantly.