If you find yourself in need of cash before the next paycheck, a payday loan might be a good idea. It’s important to know your rights as a Michigan borrower and to find a trustworthy lender with an easy application process and competitive rates. Our partners at ConsumerAffairs researched the best payday loans in Lansing to get you on the way to approval.
In a payday loan transaction, the borrower gives the payday loan company a check to cover the loan amount plus fees. In exchange, the company provides immediate funds. After the borrower’s payday, the company then deposits the check, and the loan is paid off.
Michigan limits the amount payday lenders in Lansing can charge, as well as how much they can lend. You can borrow up to $600 for a maximum term of 31 days. The total service fee depends on the amount you borrow.
Payday loan amounts and fees in Lansing
If you want:
You might need to write a check up to:
Because of the high rates, you might explore payday loan alternatives first:
A loan from a friend or family member
A loan from a bank or credit union
A salary advance from your employer
Extensions from creditors
If none of these is an option and you do decide to get a payday loan in Lansing, choose a lender with an easy application process — online or in-store. All you’ll need is an ID, proof of income and an active checking account.
Before signing, make sure you understand the terms and are only borrowing what you can afford to pay back. If the loan period ends and you’re unable to repay, you may be eligible for an extension. Payday lenders in Lansing can take collection action, but Michigan law doesn’t allow any criminal charges for defaulting on a payday loan.
CashNetUSA is an online lender that has helped over 3 million customers handle financial emergencies. Apply online in just minutes, receive an immediate decision and get same-business-day funding. An in-house customer service team is around seven days a week to help answer questions. Plenty of customers give CashNetUSA five stars and recommend it to others.
Check 'n Go
Check ‘n Go makes it easy to apply online or in person for a payday loan in Lansing. All you need to qualify is a verifiable source of income, a valid checking account and a working phone. If you visit one of the Lansing-area stores, cash is available instantly. Michigan reviewers are happy with their payday loans from Check ‘n Go, praising staff for their friendliness and efficiency.
Allied Cash Advance
Lansing residents can apply online or in store for a payday loan up to $600 from Allied Cash Advance. Friendly associates help you apply fast and make the experience stress-free. All you need is a valid ID, proof of income, a phone and a checking account. Lansing customers review Allied Cash positively, saying staff are welcoming and eager to assist.