Payday Loans in Dundas, Illinois

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

Company nameAddressZip codePhone number
World Finance 1848 S West Ave, Freeport, IL 61032 +1 (815) 232 - 8159
Tower Loan 1410 Broadway Ave, Mattoon, IL 61938 +1 (217) 235 - 1046
Midland Federal Savings and Loan Association 8929 S Harlem Ave, Bridgeview, IL 60455 +1 (708) 598 - 9400
Schuyler County Abstract-Title 211 W Washington St, Rushville, IL 62681 +1 (217) 322 - 3338
Mariner Finance 31 Meadowview Center, Kankakee, IL 60901 +1 (815) 933 - 4473
Elmwood Community Bank 101 E Evergreen St, Elmwood, IL 61529 +1 (309) 742 - 2091
Walmart Money Center 6495 Country Club Rd, Murphysboro, IL 62966 +1 (618) 684 - 5041
Tower Loan 1247 E Grove Ave, Rantoul, IL 61866 +1 (217) 892 - 2700
Guaranteed Rate 223 Liberty St, Morris, IL 60450 +1 (815) 585 - 4211
Midwest Title Loans 17350 Torrence Ave, Lansing, IL 60438 +1 (708) 474 - 3237

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Dundas, IL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Evanston, IL, Same Day Loans in Galesburg, IL, Payday Loans in Glendale Heights, IL, Payday Loans in Glenview, IL, Quick Loan in Gurnee, IL, Payday Loans in Hanover Park, IL, Payday Loan for Hoffman Estates, IL and Payday Loan Without a Credit Check in Joliet, 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 Dundas, IL.

Are Payday Loans Legal In Dundas, 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

Dundas, IL payday loan calculator

Payday Loans in Dundas, Illinois: What You Need to Know

Life can throw unexpected expenses at us at any moment. If you’re facing a tight financial situation, a payday loan may be able to help you cover your costs. In the state of Illinois, payday loans are legal, and many people in Dundas turn to them as a solution for their financial needs.

Before you decide to take out a payday loan, it’s essential to understand how they work, what the requirements are, and what the potential risks are. In this article, we’ll provide everything you need to know about payday loans in Dundas, Illinois, so you can make an informed decision.

What is a Payday Loan?

A payday loan is a short-term loan that is meant to provide quick cash for people who need to cover unexpected expenses. The loan must be paid back within a specific time frame, usually when the borrower receives their next paycheck.

Payday loans in Illinois can be for amounts up to $1,000 or 25% of the borrower’s gross income, whichever is less. Interest rates can vary, but the maximum APR (annual percentage rate) for a payday loan in Illinois is 400%.

Requirements for Payday Loans in Dundas, Illinois

If you’re considering a payday loan in Dundas, Illinois, there are several requirements you will need to meet:

  • You must be at least 18 years old
  • You must have a valid government-issued ID
  • You must have a steady source of income
  • You must have an open and active checking account
  • You must provide proof of your income and banking information

Once you have met these requirements, you can apply for your payday loan. The application process is usually quick, and you can typically receive your money within a few business days.

The Risks of Payday Loans

While payday loans can be a good solution for unexpected expenses, they do come with some risks. The high-interest rates and short repayment periods can make it difficult for borrowers to pay back the loan on time, leading to more significant financial problems.

It’s important to only borrow what you can afford to pay back and to have a plan for repaying the loan on time. If you’re not sure you can repay the loan on time, it’s better to explore other options, such as credit counseling or a personal loan with more favorable terms.

Interesting Facts and Statistics about Payday loans in Dundas, Illinois

  • In 2019, the average payday loan amount in Illinois was $365
  • The average APR for a payday loan in Illinois is 297%
  • Illinois has some of the strictest payday loan regulations in the country
  • In 2020, there were over 800 payday lending storefronts in Illinois

Apply Now

If you’re in need of a payday loan in Dundas, Illinois, TheGuaranteedLoans can help you connect with potential lenders. We are a connector service, not a direct lender, and can help you find the best loan option for your needs.

To get started, fill out our online application today. We’ll take care of the rest, so you can get the money you need, when you need it.

Remember, only borrow what you can afford to pay back, and always have a plan for repaying the loan on time. With the right information and careful planning, a payday loan can be a helpful solution for your financial needs.

F.A.Q.

Can I renew or extend a payday loan in Dundas, Illinois?

Yes, payday loans in Dundas, Illinois can be renewed or extended, but only under certain circumstances. Borrowers must pay off a portion of the loan and any fees before the loan can be extended or renewed.

What happens if I can't repay a payday loan in Dundas, Illinois?

If a borrower is unable to repay a payday loan in Dundas, Illinois, the lender may attempt to collect the debt through traditional methods, such as phone calls and letters. The lender may also report the default to credit bureaus, which could affect the borrower's credit score.