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Best Online Short-term Loans in Traverse City

Need quick cash relief? You've come to the right place. When unexpected expenses pop up, stress and worry can quickly follow. Short-term loans can bridge the gap without the headache of lengthy loan processes. At Best Cash Advance Short-term Loans, we understand your urgency and are here to help. Our streamlined service ensures you access funds as seamlessly as possible, so you can get back on track with minimal fuss. Experience fast approvals and a straightforward process with us, your reliable solution for cash advances when you need it most.

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Best Online Short-term Loans in Traverse City

GreenStone Farm Credit Services
Bank
5.00
1 reviews

Address: 3491 Hartman Rd, Traverse City, MI 49685

Today's Business Hours: 8:00 AM - 4:30 PM

Phone Number: +1 (231) 946-5710

Website: greenstonefcs.com

Advance America
Financial institution
5.00
10 reviews

Address: 1065 W South Airport Rd, Traverse City, MI 49686

Today's Business Hours: 10:00 AM - 6:00 PM

Phone Number: +1 (231) 946-3409

Website: advanceamerica.net/store-locations/michigan/1065-west-south-airport-road-traverse-city-49686

Services:

Financing Flex loans Installment loans Line of credit Payday loans Signature loans Title loans Ach Loan Auto Repair Loans Bill Payments Christmas Loans Combined Loan Consumer Financial Services Consumers Loans Credit Counseling Debt Management Dollar Loans Easy Cash Loans Electronic Bank Emergency Loans Existing Loan Expanded Loan Financial Services Financial Solutions Higher Loan Holiday Loans Home Improvement Home Loans In-Store Cash Advance Loan Payments Loan Processing Loan Refinancing Loan With No Credit Check Money Loans Money Orders Money Transfer Service Money Transfers Netspend® Visa® Prepaid Card New Loan No Credit Check Loans Online Bill Payments Online Cash Advances Online Lending Online Personal Loan Payment Plans Personal Finances Personal Loans For Bad Credit Prepaid Cards Quick Loan Quick Loans Refinance Loan Repayment Plan Security Online Account Authentication Fraud Prevention Short Term Loan Short-Term Lending Short-Term Loans Single Repayment Loan Small Loans Term Lending Terms Finance Unsecured Loans Vehicle Insurance
Check `n Go
Loan agency
4.90
10 reviews

Address: 1317 W South Airport Rd West, Traverse City, MI 49686

Today's Business Hours: 10:00 AM - 6:00 PM

Phone Number: +1 (231) 932-9400

Website: locations.checkngo.com/michigan/traverse-city/1317-south-airport-road-west

Services:

Business loans Cashier's checks Flex loans Installment loans Line of credit Payday loans Signature loans Title loans Cash Advances Checking Account Credit Counseling Credit Reporting Financial Solution Flexible Options Loan Applications Loan Repayment Loans Originated New Loan Refinance My Loan Retail Loans Short-Term Loan
Instant Cash Traverse City
Loan agency

Address: 1117 W South Airport Rd suite a, Traverse City, MI 49686

Phone Number: +1 (231) 922-0003

Services:

Cash for gift cards Payday loans Signature loans Cash Advances Financial Loan Personal Checking Account

Alternatives to Short-term Loans in Traverse City

Short-term loans are financial solutions designed to provide quick funding to individuals in need. Personal short-term loans are unsecured loans that can be used for various purposes, often featuring higher interest rates and shorter repayment periods. Installment loans require borrowers to repay the borrowed amount plus interest through scheduled payments over a set period, making them a more manageable option for those who need some time to pay back the loan. Title loans, on the other hand, use the borrower's vehicle title as collateral and typically come with high interest rates and the risk of losing the vehicle if the loan isn't repaid. Each type serves different financial needs and circumstances, catering to those who may face cash flow challenges or unexpected expenses.

Best Personal Loan

Ginny Fey, Traverse City Real Estate
5.00
9 reviews

Short-term loans are a quick financing option for those who need immediate funds and prefer not to pursue longer repayment plans. Among the best personal loans for short-term needs are those that offer flexibility with payment terms, reasonable interest rates, and minimal credit requirements. Personal loan options often provide unsecured financing, meaning borrowers aren’t required to put down collateral. This makes them an attractive choice for applicants who need money fast and prefer a straightforward borrowing process without the risk of losing valuable assets.

Best Installment Loan

KP's Cash Advances
5.00
10 reviews

Installment loans are another common type of short-term financing. They provide borrowers with a lump sum of money that is repaid over a set period in regular installments, which can help with budgeting and managing repayments. For installment loans, LightStream is often considered the best choice due to its competitive rates, no fees, and a wide range of loan amounts and terms suitable for different borrowers with good to excellent credit.

Loan Regulations in Michigan

In Michigan, short-term loan regulations are designed to protect borrowers while providing access to quick funds. The state permits a maximum short-term loan amount of $600 per lender; however, individuals can have up to two outstanding loans with a combined total of $600. The loan term ranges from a minimum of 14 days up to a maximum of 31 days. Regarding fees, lenders can 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. This structure means the maximum finance charge for a $100, 14-day loan is $15, equating to an Annual Percentage Rate (APR) of approximately 391%.

Eligibility criteria for short-term loans in Michigan are straightforward. Applicants must be at least 18 years old, have a steady income source, and possess a valid checking account. Some lenders may require additional documentation.

Short-Term Loan Calculator

day(s)
%
$

Estimated Payment

$327.12
Total Principal Paid: $300.00

Financial Charge: $27.12

Loan Term: 150 day(s)

APR: 22.00%

Where to Use Short-term Loan

Individuals who have taken out a short-term loan can efficiently allocate these funds towards essential local services. Medical providers can receive payment for urgent healthcare needs, car repair shops can be paid for immediate vehicle maintenance, and legal services can address pressing legal concerns. Additionally, funeral services can help manage unexpected end-of-life expenses, while appliance service providers can assist with necessary household repairs, ensuring the loan directly supports critical areas of one's life.

Adventure Sports Facility
1509 East 8th Street, Traverse City, MI 49686
+1 (231) 922-2844
B&B/Guest House
306 West 16th Street, Traverse City, MI 49684
Car Accessories
1567 West South Airport Road, Traverse City, MI 49686
+1 (231) 946-6130
Club & Association
333 Stadium Drive, Traverse City, MI 49685
College/University
1402 Carlisle Road, Traverse City, MI 49696
+1 (231) 929-4539
Community Center
600 Cottageview Drive, Traverse City, MI 49684
+1 (231) 922-8115
Dentist
2600 Lafranier Road, Traverse City, MI 49686
+1 (231) 932-7316
Fast Food
311 North US Highway 31 South, Traverse City, MI 49685
Fitness Club & Center
444 South Cass Street, Traverse City, MI 49684
+1 (231) 421-3616
Government Office
2585 Lafranier Road, Traverse City, MI 49686
+1 (231) 947-9511
Hospital
701 US Highway 31 South, Traverse City, MI 49685
+1 (231) 932-9720
Library
1701 East Front Street, Traverse City, MI 49686
+1 (231) 995-1540
Local Post Office
1801 Garfield Road North, Traverse City, MI 49696
+1 (231) 933-1020
Mobile Phone Shop
2021 South Airport Road West, Traverse City, MI 49684
+1 (231) 929-3800
Movie Theater
232 East Front Street, Traverse City, MI 49684
+1 (231) 392-1134

FAQ

What are Short-Term Loans?

Short-term loans are financial products designed to provide quick access to funds for a temporary financial need. They are often easier to qualify for than traditional loans and typically have shorter repayment terms, often ranging from a few weeks to several months.

Can I Get a Short-Term Loan with Bad Credit?

Yes, many lenders offer short-term loans to individuals with bad credit. These loans often have more flexible credit requirements, which can make them accessible to those who may not qualify for other types of financing. However, it's important to note that these loans may come with higher interest rates due to the increased risk to the lender.

What Are Same-Day Loans?

Same-day loans are a type of short-term loan where the approval and disbursement of funds occur on the same day of application. These loans are particularly beneficial for individuals who need immediate financial assistance for emergencies or unexpected expenses.

How Do Short-term Loans Work?

Short-term loans are short-term loans that provide small amounts of money and are typically due on your next payday. These loans are often used for emergency expenses, and the repayment is usually expected in one lump sum. Short-term loans are known for their quick processing times but often come with higher fees and interest rates.

What Are the Eligibility Criteria for Short-Term Loans?

Eligibility criteria for short-term loans can vary by lender, but commonly include being at least 18 years old, having a steady source of income, possessing an active checking account, and providing a valid ID. Some lenders may also evaluate credit scores, although many are willing to work with bad-credit applicants.

How Fast Can I Receive Funds from a Short-Term Loan?

Funds from a short-term loan can often be received as quickly as the same day or within a few business days, depending on the lender and the time of application. Online lenders tend to provide faster turnaround times than traditional financial institutions.

Are There Risks Associated with Short-Term Loans?

Yes, short-term loans can come with several risks, including high interest rates, short repayment terms, and significant penalties for late or missed payments. It's important to fully understand the terms and conditions of the loan before agreeing, and ensure that you can reasonably meet the repayment obligations.

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Traverse City ZIP Codes

49684
49685
49686
49696