Payday Loans in Flat Rock, Illinois

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

Company nameAddressZip codePhone number
Wise Finance of Pekin, llc 1633 Broadway St, Pekin, IL 61554 +1 (309) 353 - 3800
Jackson Hewitt Tax Service 106 5th St, Lincoln, IL 62656 +1 (217) 732 - 2100
TitleMax Title Loans 1824 Irving Park Rd, Hanover Park, IL 60133 +1 (630) 372 - 6477
TitleMax Title Loans 9540 S Cicero Ave, Oak Lawn, IL 60453 +1 (708) 498 - 0243
Personal Finance Company 100 W Commercial St # 4, Morris, IL 60450 +1 (815) 942 - 3403
Evergreen Park Schools Federal Credit Union 9901 S Kedzie Ave, Evergreen Park, IL 60805 +1 (708) 229 - 0322
Lake Forest Bank & Trust 4 E Scranton Ave, Lake Bluff, IL 60044 +1 (847) 615 - 4060
USA Payday Loans Chicago 8127 S Cicero Ave, Chicago, IL 60652 +1 (773) 767 - 4751
Doc Motor Works 18600 S Illinois Rte 59, Shorewood, IL 60404 +1 (815) 577 - 3893
1st Loans Financial 6421 W North Avenue, Oak Park, IL 60302 +1 (708) 848 - 9999

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Flat Rock, IL, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Algonquin, IL, Payday Loans in Arlington Heights, IL, Same Day Loans in Aurora, IL, Payday Loans in Bartlett, IL, 24-Hour Loan in Belleville, IL, Payday Loans in Berwyn, IL, Payday Loans in Bloomington, IL and Payday Loans in Bolingbrook, 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 Flat Rock, IL.

Beautiful sights of Flat Rock, IL

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

62427

Are Payday Loans Legal In Flat Rock, 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

Flat Rock, IL payday loan calculator

Payday Loans in Flat Rock, Illinois

If you’re in Flat Rock, Illinois, and facing unexpected expenses or bills, payday loans may be a helpful option for you. These loans are a type of short-term borrowing that can provide you with funds to cover immediate expenses, with repayment typically due on your next payday.

Payday loans are legal in Illinois, and there are lenders in Flat Rock who offer these loans to eligible borrowers. However, it’s important to understand the terms and conditions of these loans before applying, as they can come with high interest rates and fees.

How Payday Loans Work

Payday loans are typically offered in small amounts, ranging from a few hundred to a few thousand dollars. To apply for a payday loan in Flat Rock or elsewhere in Illinois, you’ll need to provide personal and financial information to the lender, along with proof of income and a checking account.

Once your application is approved, the lender will typically deposit the funds directly into your bank account. You’ll then be required to repay the loan, along with interest and any fees agreed upon, on your next payday.

Interest Rates and Fees

It’s important to be aware that payday loans can come with high interest rates and fees in Illinois. The state caps interest rates for payday loans at 400% APR, meaning that a $300 payday loan could ultimately cost you $75 in interest alone if you repay it in two weeks.

Additionally, lenders may charge fees for payday loans in Illinois, including origination fees and late payment fees. These fees can add to the total cost of the loan and make it more difficult to repay in full.

Eligibility Requirements

To be eligible for a payday loan in Flat Rock, Illinois, you’ll generally need to meet the following requirements:

  • Be at least 18 years old
  • Have a steady source of income
  • Have a valid checking account
  • Provide proof of identity and Illinois residency

Some lenders may have additional requirements, such as a minimum credit score or income level. It’s important to check with the lender directly to understand their eligibility criteria.

Benefits of Payday Loans

While payday loans can come with high interest rates and fees, they can also provide benefits in certain situations. For example, payday loans can be helpful for covering unexpected expenses, such as medical bills or car repairs, when you don’t have savings or other funds available.

Additionally, payday loans are typically easier to qualify for than other types of loans, such as personal loans or credit cards. This can be helpful if you have a low credit score or limited credit history.

Interesting Facts and Statistics about Payday Loans in Flat Rock, Illinois

  • In 2020, Illinois residents took out over 2 million payday loans, totaling over $1 billion in borrowing.
  • The average payday loan amount in Illinois is $365, with an average APR of 297%.
  • There are currently over 400 payday loan storefronts in Illinois, including several in Flat Rock.

Apply Now with TheGuaranteedLoans

If you’re considering a payday loan in Flat Rock, Illinois, TheGuaranteedLoans can help. As a connector service, we work with a network of trusted lenders who can provide you with the funds you need. To get started, simply fill out our online application form with your personal and financial information. We’ll then match you with potential lenders who may be able to offer you a loan.

Remember, TheGuaranteedLoans is not a direct lender, but a connector service that facilitates the loan process for borrowers. We make it easy to find potential lenders and compare loan offers, so you can make an informed decision that works for your financial situation.

Conclusion

Payday loans can be a helpful option for borrowers in Flat Rock, Illinois who need funds to cover unexpected expenses. However, these loans can come with high interest rates and fees, so it’s important to understand the terms and conditions before applying. By working with a trusted connector service like TheGuaranteedLoans, you can find potential lenders who may be able to offer you a loan that fits your needs.

F.A.Q.

Can I apply for a payday loan if I have bad credit or no credit history?

Yes, you can apply for a payday loan even if you have bad credit or no credit history. Payday lenders typically do not require a credit check to approve a loan, and instead rely on other factors such as proof of income and a checking account to determine loan eligibility.

What are the eligibility requirements for payday loans in Flat Rock, Illinois?

To be eligible for a payday loan in Flat Rock, Illinois, borrowers must be at least 18 years of age, have a valid government-issued ID, and have a verifiable source of income.