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Payday Loans Michigan | 5 Best Loans in Michigan (Title & Payday)


You may have heard about the term payday loans recently in the news after its popularity has skyrocketed over the past 5 years. In layman’s terms, it is a type of short-term, high-cost arrangement between a lender and a borrower which helps the latter secure a small amount of cash in a short time. Payday loans are available in some states of the United States while it is illegal in others.

In the United States, payday loans are legal in states such as Alabama, Colorado, California, Illinois, Indiana, Utah, Kentucky, Louisiana, Maryland, Ohio, Tennessee, Texas and Michigan. Online payday loans in Michigan are particularly popular, which is why decided to present a guide for all interested applicants.

#1 Payday Loans Michigan in 2021 – Viva Payday Loans

Best Payday Loans Michigan – Quick-Pick

  • Viva Payday Loans – Best Online Payday Loan Provider in Michigan. Visit now.
  • Credit Clock – OBest Options for No Guarantors Visit now.
  • Money Lender Squad – Best for Quick Approval Process Visit now.
  • Very Merry Loans – Good for Same Day Payout Loan Provider Visit now.
  • Heart Paydays – Best No Credit Check Loan Provider with Low APR Visit now.

What are Online Payday Loans in Michigan?

As mentioned above, payday loans are short-term, and high-cost arrangements between a payday lender and a borrower. While they may vary across states, payday loans are all high-interest products. They also have eligibility criteria that are less rigid than an average bank or traditional lending institution.

Various state laws can apply to payday loans depending on where you’re applying from and Michigan is no different. Payday loans in Michigan can be characterized by short repayment periods(not over 31 days), typically high service fees and APR and upward amount capped. If you are interested in a payday loan, you can get the best rates possible when you apply with a payday provider like the ones mentioned above. All of the providers have their networks of payday lenders under them. This helps them to match the loan applications with the lenders that can provide the best rates.

Common uses of Online Payday Loans in Michigan

Based on various surveys and testimonials from borrowers, there are several ways you can use your payday day loan. We’ve compiled a list of some of the common uses of payday loans below.

Debt consolidation

One of the most common uses of payday loans is to cancel put another debt which is known as debt consolidation.  It can be used to either pay off existing loans or credit card debt. This is particularly useful if the interest rate of the payday loan is less than the loan you’re repaying.

Utility bills

The cost of energy seems to be going up for most people in the US. A service as essential as this cannot be disrupted as it would affect one’s quality of life. Many consumers find themselves without funds to pay bills, either because it is between salary cycles or they do not have sufficient savings. In this case, taking out a payday loan can be a clever choice as delaying utility bill payments can cause permanent disruption of services in many cases.

Healthcare and medical bills

A medical emergency will always be a burden on your wallet, especially you don’t have health insurance. The bills depend on the type of treatment that you will need. Medical issues are certainly one of the biggest reasons why people require sudden funds which only payday loans can offer.

How to Qualify For Online payday loans in Michigan (Eligibility criteria)

The aim of payday loans is to allow less creditworthy individuals to apply for loans, providing them with a way out of financial troubles. If you’re disqualified from applying for a loan from a bank or financial institution, result assured that you can go to a payday lender.  Eligibility criterias include the following:

  • You have to be 18 years or older to apply for a payday loan.
  • You have to be a United States citizen and a valid US bank account holder.
  • You have to provide some form of income proof.
  • You need to produce a social security number when applying for a payday loan.

5 Best Payday Loans in Michigan – Fully Reviewed

We will now take a look at the payday lending providers mentioned above in detail.

1. Viva Payday Loans – Best for Bad Credit Payday Loans

The first entry on this list is , which is already a reputed name in the community. The website is seamless, complimented by a professional design, and easy to use functions. With this provider, you can apply for loans of up to $5000 lasting between 2 to 24 months. It provides a very automated approach to lending, with your application automatically matched with a lender under its network. It guarantees fast loans and an easy-to-fill application that can be completed within minutes.

Lender APR rate Loan amount range Loan term range Star rating
Rise Credit 50%-299% $500 to $5000 2 to 24 months 10/10
LendUp 30%-299% $100 to $500 2 to 24 months 10/10


  • This payday provider offers same-day payouts.
  • You have a range of amount options to choose from, starting from $200 to $5000.
  • The application process is simple enough that a novice can even apply within two minutes.


  • It is not available in all states of the U.S.

2. Credit Clock – Best For Lower Loan Amounts

is characterized by a very appealing website and good navigation. It offers loans for bad credit individuals which can be applied for within 2 minutes. You will only be eligible to take out a loan from this provider if you’re able to provide proof of income of at least $1000 to apply for a loan. You also have to be a registered permanent citizen of the United States to apply for payday loans at Credit Clock.

Lender APR rate Loan amount range Loan term range Star rating
OppLoans Variable $500 to $4000 9 to 18 months 10/10
GreenDay 5.99% to 35.99% $100 to $5000 24 months 9/10


  • The lending provider provides loans to individuals with bad credit without any problems
  • The loans get approved within minutes of applying. It also informs you on the spot whether you’re suitable for a loan or not.
  • Normally, applicants receive the loan amount within 24 hours of applying.


  • Credit Clock requires you to submit a proof of income of at least $1000 a month

3. Money Lender Squad – Best for Same Day Payouts

You can get some of the best APR rates in the market when you apply with Money Lender Squad. It provides loans without any guarantees which is ideal for people with bad credit and low credit scores. APRs range from the low 30s to upwards of 100%. The broker is almost instantaneous once you fill up and register with them, connecting you directly to a broker that can provide you with the best loan terms.

Lender APR rate Loan amount range Loan term range Star rating
OppLoans 99% -160% $500 to $4000 2 to 48 months 10/10
Rise Credit 89% – 449% $300 to $3500 2 to 24 months 10/10


  • It does not require a guarantor for loans.
  • It has one of the fastest application approval times in the payday lending industry.
  • You can request an extension of loan tenure if you are having problems with repayments.


  • People with low credit scores find that interest rates are steep.

4. Very Merry Loans – Best for Low APR

Very Merry Loans has several lenders under its network which increases your chances of getting a loan manyfold. It is a very easy-to-understand credit loan provider, which presents a panel where they list some of the most reputed US-based lenders available. You can get either apply for a short loan (spanning 7 to 31 days) or a longer duration loan( up to 24 months). APRs can typically Range from 5.99% to 35.99%. To apply you have to produce a monthly income proof of at least $1000, be of 18 years of age, and be a permanent American citizen.

Lender APR rate Loan amount range Loan term range Star rating
CashNet USA Variable $500-$1000 8 to 31 days 9/10


  • You can apply with Very Merry Loans even if you’re unemployed or have a bad credit report.
  • You can request extended repayment methods if you request them.
  • t allows loan requests of up to $5000.


  • Loans for 30 days carry steep interest.

5. Heart Paydays – Best for Low Interest Rates welcomes borrowers no matter what credit background they come from. It is an easy-to-apply payday loan provider, which works with some of the best loan providers in the country. The loan approval rate of this payday loan provider is very high on account of the lenders it works with. It offers loans ranging from $300 to $5000 with APRs within 35.99%.

Lender APR rate Loan amount range Loan term range Star rating
LendUp Variable $100-$500 30 days 10/10
ACE Cash Variable $200-$2000 7 to 30 days 9/10


  • You do not need cumbersome paperwork to register for a loan at Heart Paydays.
  • You are able to register for a loan at an time of the day.
  • Disbursement is completed in one hour.


  • There are certain loan offers that carry steep loan administration and processing fees.

Features of Best Online payday loans

Consumers get attracted to payday loans because of some excellent features that make it the best alternative credit source for certain circumstances. Some of the salient features of payday loans are mentioned in brief below.

Loan amounts are flexible

Online payday lending providers connect with lenders that can provide you with loan amounts ranging from $100 to $5000. The sums can vary by lender and state jurisdiction. Companies such as those mentioned above have claimed that they match their clients with the appropriate lenders that can meet their specifications.

Ease of application

Traditional loans and their application procedures involve a lot of time, documentation and hassle. Comparatively payday loan lenders can issue the money within a single day from the application date. There are few sites that provide payday loan registration within minutes and are available on a 24/7 basis.


You may get a flexible repayment schedule with some lenders which would allow you to better budget your loan costs and interest rates. Some lenders even allow extensions, as well as early repayments which can help you save a lot of interest.

Types of Payday Loans in Michigan

Bad Credit Loans

Almost all payday lenders welcome individuals with bad credit who usually have bad credit histories and scores. Even though payday loans carry more interest, they are sometimes the only option left for people falling under this category.

There are some lenders that perform hard search queries on your credit report when you apply for a bad credit loan. This can severely impact your credit score in a negative way.

Get a bad credit payday loan here >

No Credit Check Loans

Some payday loan providers do not perform any credit checks on the borrowers. This allows them to provide the loan almost instantaneously once the loan agreement has been signed.

However, to offset this risk, such payday loans can come with higher interest rates. Borrowers should evaluate their repayment ability properly before taking out such loans.

Get a no credit check credit payday loan here >

Direct Lenders Loans

Borrowers sometimes prefer to apply with direct lenders because of favorable terms or a past relationship with them.

It is advised that they should seek to apply with payday loan providers instead of direct lenders. This will allow them to get better rates as well as increase their chances of getting a loan.

Get a direct lenders payday loan here >

Same Day Deposit Loans

Some of the best payday loan providers ensure that they provide same-day deposit facilities to their clients. As almost all the payday loan borrowers are in sudden need of cash, this feature is highly desired.

Heart Paydays and Viva Payday Loans are examples of same-day deposit loans that provide a myriad of options. They automatically pair the relevant applications from lenders from its network.

Get a same day payday loan here >

Unemployed Loans

People who are unemployed are disqualified from getting traditional loans. Because of the tough criteria put up by such lenders, they do not get to qualify. These applicants can approach payday loan lenders for a quick and guaranteed installment loan for bad credit.

Get a unemployed payday loan here >

SSI Benefits Loans

Individuals qualifying for SSI benefits are usually either visually impaired, disabled, or of old age(over 65).  They have limited income and resources and cannot apply for loans from traditional banks.

These individuals can qualify for a payday loan at any of the providers mentioned above. Because the requirements are less rigid and funds usually in a matter of hours.

Get a SSI benefits payday loan here >

Title Loans vs. Online Payday Loans in Michigan

We’ve discussed in detail in the section above about payday loans, but many people are unaware about what title loans actually are. Title loans are best described as a secured loan that requires the borrower to put up a vehicle as collateral. The lender holds the ownership of the vehicle throughout the tenure of the loan and the borrower will still be able to use it. There are some pronounced differences between title loans and payday loans.

Secured vs unsecured

Title loans are secured as they require collateral from the applicant. On the other hand, payday loans do not require any collateral and are thus unsecured. This means that payday lenders do not have the authority to repossess your asset if you fail to pay the loan back on time.

Loan amount

The loan amount of the title loan depends on the value of the car put up by the borrower. Payday loans on the other hand are usually restricted to $5000.

Interest rates

Because title loans are secure the interest rates are lowered compared to payday loans. It is higher for payday loans as lenders take up the additional risk of providing loans to financially struggling individuals.

Advantages of Payday Loans in Michigan

Payday lenders welcome individuals with bad credit

You have a much higher chance of getting a payday loan approved if you have a bad credit score when you go to a payday lender compared to a traditional lender. Payday lenders aren’t interested in the borrower’s credit history and are only concerned about whether or not the borrowers can avail of their services.

Less rigid

The primary attraction of payday loans is the less rigid acceptance criteria that favor such individuals. Payday lenders regularly approve applicants with a bad credit history and little income, as they do not meet the minimum criteria set by banks and other financial institutions.

It doesn’t require collateral

If you have a bad credit score, your payday loan will be approved in a day without requiring you to pledge an asset as security. Traditional lenders sometimes require applicants to place their automobile house or any other assets as collateral. They can repossess it if the borrower fails to pay the loan or time or misses subsequent payments.

Disadvantages of Online payday loans in Michigan

It is costly

Payday loans may be unreasonably expensive if you compare them with traditional loans. This is due to lenders imposing high-interest rates causing overall costs to skyrocket. This has led to cases where applicants struggle to pay back their loans on time, getting into more debt. Always prepare a budget before taking out a payday loan and be aware of all the costs involved.

Bank account access

Lenders require you to provide them access to your bank account when providing fast cash deposits. While this sounds very enticing as you receive the loan in no time, it can give rise to many other account security concerns.

Debt cycle

It is not uncommon for payday borrowers to be trapped in debt cycles. This means they have to take out other loans to pay off existing ones, leading to even more costs. Certain payday loans which carry high APRs may drive borrowers towards bankruptcy.

How to Get Online Payday Loans in Michigan

Payday loan providers usually create their websites in such a way that the maximum amount of people can apply within a short period of time. As convenience is a key factor in all the websites, we’ve decided to explain Viva Payday Loans and its steps for applying for payday loans.

Step 1: Visit the Viva Payday Loans Website

When you visit their website, go ahead and click on the “Apply Now” button found on the top right corner of the screen.

Step 2: Complete the Application Form

The forms of almost any payday lender including Viva Payday Loans are similar in nature. Almost all of them require your name, income details, personal information, banking information and employment details. Some providers may also ask you to provide proof of monthly expenses.

Step 3: Getting the Decision

Viva Payday Loans just takes a couple of minutes to authorize your loan. You should stay on the screen while the process is happening after which you will be notified promptly.

Step 4: Receiving the Loan

The provider will send you the loan agreement from the relevant lender as soon as it is accepted. After reading the terms and agreements of the loan and signing it, the loan amount will be sent directly to your bank account.

Request Your Payday Loan at our Top Rated Provider – Viva Payday Loans


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About Prodosh Kundu PRO INVESTOR

Prodosh Kundu is the Founder & CEO of SERP Consultancy, a prominent Digital Marketing Company in Kolkata, India. Starting his career in 2004, he is a Google AdWords certified internet marketing professional, SEO consultant, strategist, and analyst. With his strong understanding of financial market regulations, stocks, blockchain technology, cryptocurrency, & forex, Prodosh has written thousands of articles, blogs, broker reviews, guides, and offered critical analysis & recommendations on investment opportunities!


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