Payday Loans in Camden, Illinois

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No payday loan companies in Camden, IL. Consider companies in other cities:

Company nameAddressZip codePhone number
Oportun 2000 W, Grand Ave, Waukegan, IL 60085 +1 (224) 276 - 5291
Walmart Money Center 333 US-6, Morris, IL 60450 +1 (815) 942 - 6306
United States Postal Service 115 E Market St, Manito, IL 61546 +1 (800) 275 - 8777
All Credit Lenders 1924 Plainfield Rd # A, Crest Hill, IL 60403 +1 (815) 671 - 4362
Midwest Title Loans 604 IAA Dr, Bloomington, IL 61701 +1 (309) 661 - 2348
Bank of Farmington 2115 N Main St, Canton, IL 61520 +1 (309) 649 - 1500
State Bank of Davis 100 IL-75, Davis, IL 61019 +1 (815) 865 - 5125
Fifth Third Bank & ATM 251 Brook Forest Ave, Shorewood, IL 60404 +1 (815) 207 - 5681
Mariner Finance 3428 Shoppers Dr, McHenry, IL 60050 +1 (815) 669 - 4534
World Finance 3095 Woodlawn Rd, Lincoln, IL 62656 +1 (217) 732 - 8282

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Camden, IL, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Danville, IL, Payday Loan Companies in Decatur, IL, Payday Loans in Dekalb, IL, Short-term Loans in Des Plaines, IL, Payday Loan for Downers Grove, IL, Emergency Loan in Dundee, IL, Payday Loans in Elgin, IL and Payday Loan Companies in Elk Grove Village, IL. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Camden, IL.

Payday Loans Available in Camden, IL By The Following ZIP Codes:

62319

Are Payday Loans Legal In Camden, Illinois?

Loan Rates and Fees, Laws and Regulations in Illinois.

Illinois Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)404
Maximum Loan Amount$1,000 (or 25% of the gross monthly income)
Minimum Loan Term13 days
Maximum Loan Term120 days
Number of Rollovers Allowed0
Finance Charges15.5% per $100

Camden, IL payday loan calculator

Payday loans are a type of short-term loan that is typically meant to help borrowers cover unexpected expenses until their next payday. In Camden, Illinois, payday loans are legal and regulated by state law. While payday loans can be a valuable resource for borrowers in need, it’s important to understand the potential risks and obligations involved before taking out a loan.

How Payday Loans Work in Camden, Illinois

In Camden, Illinois, payday loans are regulated by the Illinois Department of Financial and Professional Regulation (IDFPR). To qualify for a payday loan, borrowers must be at least 18 years old, have a steady income, and have an active checking account. Borrowers must also provide their name, address, and contact information, as well as evidence of income and identity.

Once an application is approved, borrowers can typically receive funds within one business day. Loan amounts typically range from $100 to $1,000, and repayment terms may range from a few days up to several months. Repayment terms and fees may vary depending on the lender, but state law limits the total amount of fees and interest that can be charged on a loan.

Pros and Cons of Payday Loans

  • Pros:
    • Quick access to funds
    • No credit check required
    • May be able to help borrowers avoid more expensive debt
  • Cons:
    • High interest rates and fees
    • Short repayment terms can lead to a cycle of debt
    • May not be a long-term solution to financial problems

It’s important for borrowers to carefully consider their options and ensure that they can afford to repay a loan before taking out a payday loan. Borrowers who are already struggling with debt may benefit from seeking credit counseling or other financial assistance instead.

Interesting Facts and Statistics about Payday Loans in Camden, Illinois

  • In 2019, the average payday loan in Illinois was $365.83.
  • Illinois residents took out over 537,000 payday loans in 2019.
  • The average interest rate on payday loans in Illinois is 395%.
  • The total amount of fees and interest charged on payday loans in Illinois in 2019 was over $500 million.

Clearly, payday loans are a big business in Illinois. While they can be a helpful resource for those in need, borrowers should tread carefully and make sure they understand the terms of any loan they take out.

Apply Now

At TheGuaranteedLoans, we understand that unexpected financial hardships can happen to anyone. That’s why we offer a simple and secure online application process that connects borrowers with potential lenders who may be able to offer short-term loans. While we are not a direct lender, we work with a large network of lenders to help borrowers find the loan that’s right for them.

To get started, simply fill out our online application. We’ll review your information and connect you with lenders who may be able to offer a loan that meets your needs. Our service is free and there’s no obligation. Apply now and take the first step to getting the financial assistance you need.

F.A.Q.

Do I need to have a checking account to take out a payday loan in Camden, Illinois?

Yes, most payday lenders in Camden, Illinois require borrowers to have a checking account in order to take out a payday loan.

What information do I need to provide to apply for a payday loan in Camden, Illinois?

To apply for a payday loan in Camden, Illinois, you will typically need to provide personal information such as your name, address, social security number, and proof of income. You may also need to provide information about your checking account.