Michigan payday loans

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Michigan payday loan law

Dec 3

Posted by scott in payday loan tips and advice | No Comments

Did you know that your payday loan provider is required to be licensed by the State of Michigan? Many do not realize this but its true.

Information from the Attorney General confirms this here

firstloanworld is not a payday loan provider we are an agent provider of such payday loan providers and cash advance companies. In short we do comply with the laws of Michigan!

You should certainly review this important information before taking your payday loan or cash advance with any provider. We have actually included this important information in our resource category at the bottom of our web page Make sure you review your payday loan provider closely.

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Don’t be fooled by other Michigan payday loan providers

Dec 2

Posted by scott in payday loan tips and advice | No Comments

As we search through the web its good common sense to know who you are dealing with and that they know what they are talking about! We often come across websites offering $1,500 Michigan payday loans.

Someone should tell them that the law in Michigan restricts that payday loan amount to $600 not the $1,500 they claim to offer. To us that’s a fairly basic item of information and I am sure legally they are covered with some small print.

You can expect 100% top notch service from a local based Michigan business that knows the Michigan payday loan business. We do not make promises we cannot keep and we ensure you always have the information you need.

With fast approval in just five minutes its easy to see why so many Michigan residents choose us for there payday advance. Trust a company in Michigan and you will not go wrong.

As ever if you have questions or need help and a member of our customer support team will get back with you ASAP.

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Get payday loans online!

Nov 28

Posted by scott in payday loan tips and advice | No Comments

Yes its true and fast becoming the popular way to get your payday loan or cash advance in Michigan.

Sure, most towns and cities these days have payday loan stores but getting to them and filling in all those forms can be a hassle. Why not save yourself the trip to the store and use our network of payday loan providers?

Below are just some of the reasons you should consider your next payday loan with firstloanworld of Michigan

  • FAST approval in just five minutes!
  • secure and safe application process
  • sit in the comfort of your own home and enjoy the privacy as you apply for your own payday loan
  • save gas! Apply online with us today and the funds are deposited into your checking account

Those are just a few of the reasons you should apply for your payday loan with us today! Save the trip to the local Michigan payday loan store and apply with us.

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Michigan payday loan law

Nov 25

Posted by scott in payday loan tips and advice | No Comments

When you are looking for a Michigan payday loan or cash advance you should be aware of the law covering such things.

Michigan has written into law several important items you should be aware of and we look at these below.

Customers in Michigan complete a written agreement which includes all fees, APR etc including all payment obligations.

A payday loan provider in Michigan can only lend up to $600 per customer. Of course a customer could take out a second loan with another provider. However, a customer may only have two payday loans or cash advance at any one time.

How much your loan costs is important too.

Below is an excerpt from the State of Michigan website here

HOW MUCH AM I PAYING FOR A PAYDAY LOAN?

The limits on the service fees for payday loans are based on the amount of the loan.  The payday lender may charge up to 15% on the first $100, 14% on the second $100, 13% on the third $100, 12% on the fourth $100, and 11% on the fifth and sixth $100.  Therefore, the following service fee limits apply:

Payday Loan Amount Total Service Fee Limit

$ 50                                         $ 7.50

$100                                        $15

$250                                        $35.50

$200                                        $29

$300                                        $42

$400                                        $54

$475                                        $62.25

$500                                        $65

$600                                        $76

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Don’t Shop with the rest!

Nov 19

Posted by scott in Uncategorized, payday loan tips and advice | No Comments

Shop with the best when your looking for your Michigan payday loan or MI cash advance. Many of our competitors don’t know the difference between Detroit and Northport! Why use a company that is not based in Michigan?

firstloanworld of Michigan understands our customers more than most. We keep you connected to the latest news and updates on the payday loan business in Michigan. Our fast approval process of five minutes and secure and confidential process of your Michigan payday loan application ensures you get the best deal.

Save the visit to the local payday loan store and shop with us. We are always on hand to answer your questions and give you the information you need.

So, when shopping online for your next Michigan payday loan shop with a company that understands your needs and helps you get the best deal around.

We show you how to earn $20

Nov 17

Posted by scott in payday loan tips and advice | No Comments

Did you know if you have taken out a payday loan and refer a friend you can earn $20? Does your local payday loan provider do this?

It’s very simple. When your a payday customer of ours and you refer a friend you receive $20 for that referral! We appreciate your business and want to show you our thanks. You must currently be a payday loan customer for the referral program. Questions? Let us know and we look forward to answering them for you.

Finally a Michigan payday loan company that pays you!

Top 5 security payday loan tips

Nov 17

Posted by scott in payday loan tips and advice | No Comments

We put this together to advice our customers on what to be aware of when looking for a payday loan in Michigan. Most people find us via Google, Yahoo or Bing and you know we are always on hand to answer questions,.

Having looked around the web at some of competitors we have drawn up some words of advice when your looking for your payday loan or cash advance. To make life simple for you we placed them into a Top 5 list of payday loan security tips

  1. Make sure the website you are using for your payday loan is using what is known as a “secure” connection. This means that the information entered i.e your social security number, address etc is sent to the provider on a encrypted connection.
  2. Do a little investigation about the company you are about to use. firstloanworld for example uses a network of approved lenders. This means the security of your information is handled by a secure provider and not just by us!
  3. Do they offer advice and information regarding payday loans? We for example offer our blog and many other pieces of information including links to State websites to deliver information to you.
  4. Not all payday loan companies are the same! Be careful who you send your information to. We are always on hand as a local Michigan provider to answer your questions.
  5. Make sure they offer the right product for you. We currently offer payday loans also known as cash advance. This is not the solution to a long term financial problem but is often cheaper than bank overdraft and bounced check fees.

In brief we have covered some of the security tips you should be aware of when shopping for your payday loan. Our blog is updated on a daily basis with news, latest deals on Michigan payday loans.

Don’t settle for less when searching for your payday loan or cash advance in Michigan. Save the trip to the store today and use our simple, safe and secure application form.

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