Don’t let bad credit get in the way of securing necessary funds. Emergencies can arise at the worst times. With SBT, you can get quick access to funds with payday loans in Macomb, MI.

What Is a Payday Loan?

A payday loan is an unsecured cash advance on any upcoming paycheck. It allows people the liquidity to handle unexpected expenses with a fast payback solution.

What Can I Use My Payday Loan for in Macomb, MI?

Emergency circumstances can leave you short on funds. Payday loans in Macomb, MI can cover these sudden expenses and hold you over until your next paycheck. Here are just a few circumstances that you can use one of these loans to cover:

  • Car issues requiring repair
  • Medical expenses due to illness or injury
  • Unusually high power or water bills

Use SBT to get started on your way to fast funds!

How Do I Know If I’m Eligible?

If you live in Macomb, MI, you may be eligible for a payday loan today! The standards for eligibility require you to be:

  • A US citizen
  • 18 or older
  • Employed with consistent income
  • The primary holder of an active checking account

You will need to provide your lender with information, including:

  • State/government-issued ID
  • Email address
  • Phone number
  • Proof of employment (paychecks)
  • Proof of a bank account (a bank statement)

What Are Local Regulations for Payday Loans in Macomb, MI?

There are three levels of regulations. There are permissive states, hybrid states, and restrictive states. Michigan is a permissive state, meaning that there are fewer regulations for borrowers.

With payday loans in Macomb, Michigan, the maximum borrowed amount can be up to $600, with the maximum term going up to 31 days. APR is 369%, and individuals can take out up to two loans at a time.

Will the Process Involve a Credit Check?

Bad credit can affect your eligibility in many situations. For this process, though, lenders care more about your repayment ability than your credit history. 

You can’t get payday loans in Macomb, MI with no credit check. However, bad credit won’t prevent you from reaping the benefits of these loans. 

Many lenders will forego the hard check for a soft credit check. As long as you have clear proof of consistent income and a bank account, lenders may approve your application.

Apply through SBT to find lenders that will approve bad credit payday loans in Macomb, MI!

When Will I Get My Money in Macomb, MI?

Same-day payday loans in Macomb, MI are possible. However, you need to understand what “same-day” means. 

When a lender gives you a time frame, it refers to the approval process, not the fund distribution. As such, “weekend,” “instant,” or “1-hour” refer to the length of time it takes for the lender to approve your application.

If you need funds in your account on the same day that you apply, you should:

  1. Apply as early as you can in the day.
  2. Inquire with your lender about the cutoff time for same-day loans. If you get it in before that time, you could have your funds today rather than the next business day.
  3. Have your documents ready so that you can send them in if requested.

What Is the Application Process?

  1. Fill out an application with SBT
  2. SBT finds you a direct lender that fits your needs
  3. Review and sign your loan agreement with your direct lender
  4. Receive your funds that day or by the next business day after approval
  5. The amount owed (including a fee) withdrawn from your bank account on the repayment date

Let SBT Match You with a Lender!

At SBT, our massive network of high-quality lenders gives every client the perfect match. Find the right loan on your terms, even with bad credit!

Emergency funds are just a few clicks away with payday loans in Macomb, MI. Trust SBT and fill out the online form to get approval for fast funds today!

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