Payday Loans in Leland, Illinois

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

Company nameAddressZip codePhone number
First Federal Savings Bank 475 3rd St, Lasalle, IL 61301 +1 (815) 224 - 4400
World Finance Corporation 221 N Park Ave, Herrin, IL 62948 +1 (618) 988 - 8274
World Acceptance 5221 S 6th St 11, Springfield, IL 62703 +1 (217) 585 - 1525
National Quik Cash 6508 W Cermak Rd, Berwyn, IL 60402 +1 (708) 484 - 3600
Jackson Hewitt Tax Service 1160 W Morton Ave, Jacksonville, IL 62650 +1 (217) 732 - 2100
Solutions Bank - Forreston 200 E Main St, Forreston, IL 61030 +1 (815) 938 - 3121
All American Cash Advance Inc 239 W Main St, West Dundee, IL 60118 +1 (847) 551 - 1053
Bank of Belleville 215 S Illinois St, Belleville, IL 62220 +1 (618) 233 - 6400
Big Al's Trading 457 W Virginia St, Crystal Lake, IL 60014 +1 (779) 220 - 4060
Regions Bank 112 E St Louis St, Nashville, IL 62263 +1 (618) 327 - 0900

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Leland, IL, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Peoria, IL, Payday Loan for Plainfield, IL, Short-term Loans in Quincy, IL, Emergency Loan in Rock Island, IL, Online Loans in Rockford, IL, Payday Loan Companies in Romeoville, IL, Payday Loans in Saint Charles, IL and Payday Loans in Schaumburg, 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 Leland, IL.

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

60531

Are Payday Loans Legal In Leland, 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

Leland, IL payday loan calculator

Payday Loans in Leland, Illinois: Everything You Need to Know Before Applying

Payday loans are a type of short-term loan that has become increasingly popular due to their accessibility and convenience. In Leland, Illinois, payday loans are legal and can provide a helpful solution to those who need quick cash. If you’re considering taking out a payday loan in Leland, there are some crucial things you should know before signing on the dotted line.

How do Payday Loans Work?

In Illinois, payday loans are regulated by both state and federal law. These loans are typically meant to be repaid on your next paycheck, which can be as soon as two weeks after you receive the loan. Lenders will typically require you to show proof of income and a checking account in good standing before approving your loan.

Payday loans can be obtained in-store or online. Once your application is accepted, you’ll receive the funds typically by cash or direct deposit in a bank account

What are the Pros and Cons of Payday Loans?

While payday loans can seem like a quick fix, they come with both benefits and drawbacks that you should consider before applying. Some of the pros of payday loans include:

  • Quick access to cash
  • No credit check required
  • Easy to apply for, either online or in-store

However, there are also some cons to consider, such as:

  • High-interest rates
  • Short repayment periods
  • Risks of falling into a debt cycle

What are the Interest Rates for Payday Loans in Leland, Illinois?

The annual percentage rate (APR) for payday loans in Leland, Illinois, can vary but is typically around 400%. This rate can fluctuate depending on the lender you choose, so it’s important to shop around to compare rates and fees between different lenders before selecting the one that’s right for you.

Are There Any Alternatives to Payday Loans?

If you’re looking for a short-term loan but aren’t sure payday loans are right for you, there are other alternatives to consider, such as:

  • Personal loans from a bank or credit union
  • Credit card cash advances
  • Borrowing from friends or family members

Interesting Facts and Statistics About Payday Loans in Leland, Illinois

  • In Illinois, payday loans are capped at $1,000 or 25% of your gross monthly income, whichever is less.
  • The average payday loan term in Illinois is around 13 days.
  • In the U.S., the average payday loan borrower takes out 10 loans per year, spending an average of 199 days in debt annually.
  • In 2019, Illinois borrowers took out over 1.5 million payday loans, with total fees topping $500 million.

Apply Now with TheGuaranteedLoans!

If you’re considering taking out a payday loan in Leland, Illinois, TheGuaranteedLoans can help you find a lender that meets your specific needs. Our online application process is quick and easy, and we will work to connect you with potential lenders who can provide you with the funds you need. Keep in mind that TheGuaranteedLoans is a connector service, not a direct lender, and that we will facilitate your connection with potential lenders.

Applying for a payday loan can feel daunting, but with the right information and careful consideration, you can make a decision that’s right for you. At TheGuaranteedLoans, we’re here to help you find the short-term financial solution that best fits your needs!

F.A.Q.

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

Yes, there are several alternatives to payday loans in Leland, Illinois, including traditional bank loans, credit union loans, and community development financial institutions (CDFIs). These alternatives may offer more favorable terms, such as lower interest rates and longer repayment periods, than payday loans.

Can I get a payday loan if I have bad credit in Leland, Illinois?

Yes, you can typically get a payday loan even if you have bad credit in Leland, Illinois. Payday lenders do not typically check the borrower's credit history, so a poor credit score will not necessarily prevent you from getting a loan. However, it's important to carefully consider whether a payday loan is the right option for you, as the high fees and interest rates can make it difficult to repay the loan if you are already struggling with credit issues.