Payday Loans in Laura, Illinois

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

Company nameAddressZip codePhone number
Illinois Title Loans, Inc. 11915 S Pulaski Rd, Alsip, IL 60803 +1 (708) 389 - 3628
Raymond James Financial Services 365 Millennium Dr, Crystal Lake, IL 60012 +1 (815) 455 - 5050
Advance America 4311 E Lincolnway Suite B, Sterling, IL 61081 +1 (815) 622 - 4928
Apple River State Bank 103 Main St, Apple River, IL 61001 +1 (815) 594 - 2351
Security Finance 1512 S Main St Unit A, Paris, IL 61944 +1 (217) 465 - 1610
Farmers State Bank 1106 W Deyoung St, Marion, IL 62959 +1 (618) 998 - 1188
Barash & Everett, LLC 211 W 2nd St, Kewanee, IL 61443 +1 (309) 852 - 5555
Cash 2 Go 607 Keokuk St, Lincoln, IL 62656 +1 (217) 735 - 4991
Scott Credit Union 1067 S State Rte 157, Edwardsville, IL 62025 +1 (618) 659 - 7145
River Run Checkexpress Currency Exchange 20518 N Milwaukee Ave, Deerfield, IL 60015 +1 (847) 459 - 9800

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Laura, IL, you can try to find different companies in big cities near by. Check out the following pages here: No Credit Check Loans in Springfield, IL, Payday Loans in Streamwood, IL, Payday Loans in Tinley Park, IL, Payday Loan Companies in Urbana, IL, No Credit Check Loans in Waukegan, IL, Payday Loans in Wheaton, IL, Payday Loans in Wheeling, IL and Short-term Loans in Woodridge, 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 Laura, IL.

Are Payday Loans Legal In Laura, 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

Laura, IL payday loan calculator

Payday Loans in Laura, Illinois – Your Complete Guide

Payday loans have been a popular option for individuals in need of quick cash in Laura, Illinois. These short-term loans can get you the funds you need to cover unexpected expenses such as medical bills, car repairs, or utility bills.

While payday loans may seem like a convenient solution, it’s important to understand their requirements, interest rates, and payment periods before you apply. In this guide, we’ll provide you with everything you need to know about payday loans in Laura, Illinois.

How do payday loans work in Laura, Illinois?

In Illinois, payday loans are legal and regulated by the Illinois Department of Financial and Professional Regulation. Payday loan lenders are required to comply with the Payday Loan Reform Act, which sets limits on the amount of money you can borrow, the interest rates, and the payment periods.

When you apply for a payday loan, you’ll need to provide proof of your income, a valid government-issued ID, and your bank account details. The lender will review your application and determine if you’re eligible for a loan.

Once approved, you’ll receive the funds within 24 hours or the next business day. You’ll need to repay the loan on your next payday, which is typically within two weeks. If you’re unable to pay the loan off in full, you may be able to roll it over for an additional fee.

What are the requirements for payday loans in Laura, Illinois?

To be eligible for a payday loan in Laura, Illinois, you must meet the following requirements:

  • Be at least 18 years old
  • Be a U.S. citizen or a permanent resident
  • Have a verifiable source of income
  • Have a valid government-issued ID
  • Have an active bank account

Keep in mind that each lender may have their own additional requirements, so be sure to check with them before you apply.

What are the interest rates for payday loans in Laura, Illinois?

In Illinois, payday loan lenders can charge up to $15.50 per $100 borrowed. This means that if you borrow $500, you’ll owe $577.50 on your next payday.

It’s important to note that payday loans are designed to be short-term solutions. If you’re unable to pay back the loan on time, the interest and fees can quickly add up, making it difficult to get out of debt.

What are the alternatives to payday loans in Laura, Illinois?

While payday loans can provide you with quick cash, they may not be the best option for everyone. If you can’t afford to pay off the loan on your next payday, you may end up falling into a cycle of debt.

Here are some alternatives to payday loans:

  • Personal loans
  • Credit cards
  • Loan from friends or family members
  • Government assistance programs

Interesting facts and statistics about payday loans in Laura, Illinois

  • Illinois has some of the strictest payday loan regulations in the country.
  • The average payday loan amount in Illinois is $375.
  • According to the Center for Responsible Lending, the average payday loan borrower takes out eight loans a year, paying a total of $520 in interest.
  • In 2019, 3.5% of Illinois residents had taken out a payday loan.

Apply Now

If you’re in need of quick cash in Laura, Illinois, TheGuaranteedLoans can help you connect with potential lenders. Fill out our online application today and get the funds you need within 24 hours or the next business day.

Remember, TheGuaranteedLoans is a connector service, not a direct lender. We’ll help you find the right lender based on your needs and requirements. Have questions? Visit our FAQ page or contact our customer support team for more information.

Apply now and get the funds you need today!

More F.A.Q.

Are there any alternatives to payday loans in Laura, Illinois?

Yes, there are several alternatives to payday loans in Laura, Illinois, such as credit union loans, community development financial institution loans, or borrowing from friends or family. Borrowers are encouraged to explore these options before taking out a payday loan.

Can I be charged with criminal activity if I default on a payday loan in Laura, Illinois?

No, in Laura, Illinois, it is illegal for lenders to use criminal charges as a means of collecting on unpaid payday loans. Borrowers who are facing criminal charges related to their payday loan should contact the Illinois Attorney General's office for assistance.