Ann Arbor, Michigan - Payday Loan Alternative

Sooner or later, most people will find themselves facing personal financial challenges. Based on a 2012 report released by Debt.org, the average Ann Arbor, Michigan household had almost $5,700 in credit card debt. High levels of personal debt often lead to short-term financial problems. In their quest to solve short-term issues, Ann Arbor residents may turn to payday loans as a fast way to get cash and pay pressing bills. One of the biggest issues created by payday loans is the short duration of the loan. With less than a month (often two weeks) to repay the obligation, borrowers are often left in the same situation they were in when they got the payday loan in the first place. It�s important to know that payday loans are not the only available solution.

An Alternative to Payday Loans

Prospective borrowers, including those living in Ann Arbor, Michigan, will be happy to learn there's an alternative to payday loans. A borrower's objective should always be focused on relieving their financial stress without plunging themselves into unmanageable debt. With an installment loan provided by MaxLend Loans, borrowers will have opportunity to receive cash they need now with the option to pay off the loan in manageable installments rather than in one payment. Unlike payday loans, these loans offer a reasonable option for short-term debt relief.

How It Works

If a prospective borrower is at least 18 years of age, they may be eligible for an installment loan from MaxLend Loans. Interested applicants can simply fill out the online application and submit it with the press of a button. After receipt, a customer service representative will call the applicant to verify some of the information provided. If applicant so wishes, they have the option to contact MaxLend Loans directly by phone instead of waiting for a representative to reach out to them. Once a loan is approved, the loan proceeds can be directly deposited into the borrower's US bank account as quickly as within one business day.

Requirements

In order to qualify for an installment loan from MaxLend Loans, applicants must meet the following requirements:

  • Must be 18 years of age or older
  • Must have a verifiable US bank account
  • Must not be involved in bankruptcy proceedings and must not have intention to file for bankruptcy
  • Must have a verifiable source of income being deposited into your bank account on a regular basis

MaxLend Loans does not lend to US military personnel, their spouses or dependents. Additional requirements and limitations may apply.

The Advantages of an Installment Loan from MaxLend Loans

If a prospective borrower anticipates needing as much as $2,000 in loan proceeds, they should consider an installment loan from MaxLend Loans. With periodic installment payments, borrowers have the opportunity to stay current on their loan payments without constricting all of their cash flow. MaxLend Loans bases repayment schedules on the borrower's income schedule. Whether they get paid weekly, bi-weekly or monthly, MaxLend Loans will design the installment loan payment schedule in a way that makes repaying the loan simple, efficient and painless.

The content on this site is for informational purposes only and is not professional financial advice. MaxLend does not assume responsibility for advice given. All advice should be weighed against your own abilities and circumstances and applied accordingly. It is up to the reader to determine if advice is safe and suitable for their own situation.

MaxLend, is a sovereign enterprise, an economic development arm and instrumentality of, and wholly-owned and controlled by, the Mandan, Hidatsa, and Arikara Nation, a federally-recognized sovereign American Indian Tribe. (the “Tribe”). This means that MaxLend’s loan products are provided by a sovereign government and the proceeds of our business fund governmental services for Tribe citizens. This also means that MaxLend is not subject to suit or service of process. Rather, MaxLend is regulated by the Tribe. If you do business with MaxLend, your potential forums for dispute resolution will be limited to those available under Tribal law and your loan agreement. As more specifically set forth in MaxLend’s contracts, these forums include an informal but affordable and efficient Tribal dispute resolution, or individual arbitration before a neutral arbitrator. Otherwise, MaxLend is not subject to suit or service of process. Neither MaxLend nor the Tribe has waived its sovereign immunity in connection with any claims relative to use of this website. If you are not comfortable doing business with sovereign instrumentality that cannot be sued in court, you should discontinue use of this website.