Payday Loans in Seaton, Illinois

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

Company nameAddressZip codePhone number
Illinois Title Loans, Inc. 205 E St Charles Rd, Villa Park, IL 60181 +1 (630) 530 - 2211
Collection Professionals 400 N Dudley St, Macomb, IL 61455 +1 (800) 383 - 0023
Bank of America with Drive-thru ATM 1550 W Jefferson St, Joliet, IL 60435 +1 (815) 730 - 8405
Payday Loans Rockford 2621 E State St, Rockford, IL 61108
Long Grove Mortgage Bancorp 4180 IL-83 8, Long Grove, IL 60047 +1 (847) 634 - 2252
Dieterich Bank Corporate Center 300 Sur Woods Dr, Effingham, IL 62401 +1 (800) 699 - 9766
CNB Bank & Trust, N.A. 600 N Main St, Carrollton, IL 62016 +1 (217) 942 - 5454
AmeriCash Loans 205 Army Trail Rd, Glendale Heights, IL 60139 +1 (630) 893 - 4149
Credit Pro Autos Quincy 4929 Broadway St, Quincy, IL 62305 +1 (217) 228 - 3345
Compass Equipment Finance 115 55th St 101, Clarendon Hills, IL 60514 +1 (630) 517 - 5526

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Seaton, IL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Schaumburg, IL, Payday Loan Without a Credit Check in Skokie, IL, Payday Loans in Springfield, IL, Short-term Loans in Streamwood, IL, Payday Loans in Tinley Park, IL, Payday Loans in Urbana, IL, Payday Loans in Waukegan, IL and Short-term Loans in Wheaton, 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 Seaton, IL.

Beautiful sights of Seaton, IL

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

61476

Are Payday Loans Legal In Seaton, 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

Seaton, IL payday loan calculator

A Comprehensive Guide to Payday Loans in Seaton, Illinois

As with any financial decision, it’s important to understand the basics of payday loans and the regulations surrounding them. If you’re considering a payday loan in Seaton, Illinois, there are some important details to keep in mind.

What Exactly are Payday Loans?

A payday loan is a small, short-term loan that is meant to cover an individual’s expenses until their next paycheck. These loans are typically unsecured and are often referred to as “cash advances” or “check loans.”

The Basics of Payday Loans in Seaton, Illinois

In Illinois, payday loans are legal and are governed by the Payday Loan Reform Act (PLRA). This legislation sets out certain requirements that lenders must follow, including:

  • A maximum loan term of 120 days
  • A limit to the amount that can be borrowed, which is based on a borrower’s income
  • Limitations on fees and interest rates that can be charged on payday loans
  • Mandatory reporting of payday loan data to an independent agency to ensure transparency and compliance with regulations

It’s essential to understand these regulations when considering a payday loan in Seaton, Illinois, to ensure you’re working with a reputable and compliant lender.

How to Apply for a Payday Loan in Seaton, Illinois

Applying for a payday loan in Seaton, Illinois, generally involves providing the lender with personal and financial information, including:

  • Proof of income or employment
  • The borrower’s bank account information
  • A valid ID or driver’s license

It’s important to note that although payday loans are legal in Illinois, there are predatory lenders who don’t operate within the regulations set out by the PLRA. Always research the lender and their reputation before providing any personal or financial information.

The Benefits and Risks of Payday Loans

Payday loans can provide short-term relief for those who need cash quickly, but there are also some risks involved. Some benefits of payday loans include:

  • Quick access to cash
  • No long-term commitment required
  • Easy application process

However, some potential risks of payday loans to keep in mind include:

  • High fees and interest rates
  • The potential for debt cycles and financial struggles
  • The possibility of falling victim to predatory lending practices

Make sure you are completely aware of the potential risks and benefits before taking out a payday loan in Seaton, Illinois.

Interesting Facts and Statistics about Payday Loans in Seaton, Illinois

According to recent data, the average payday loan in Illinois is around $350, and the average APR is around 400%. Additionally, Illinois residents borrow approximately $3 billion in payday loans each year. It’s critical to know that although payday loans can be helpful, they can also be incredibly expensive with high APRs.

Apply Now for a Payday Loan in Seaton, Illinois

If you’re considering applying for a payday loan in Seaton, Illinois, TheGuaranteedLoans can help. We are not a direct lender, but we can connect you with a range of potential lenders who comply with the regulations set out by the PLRA. Our online application process is simple, and you could have access to the funds you need in as little as one business day.

Remember, payday loans should be considered as a last resort, and it’s important to always borrow responsibly and within your means. If you’re struggling with debt, contact a reputable financial advisor or debt counselor for assistance.

F.A.Q.

Can I roll over my payday loan in Seaton, Illinois?

Rollovers are not allowed for payday loans in Seaton, Illinois. Borrowers must repay the loan in full by the due date, or make arrangements with the lender to extend the loan term.

Can payday loan lenders in Seaton, Illinois sue me if I default on my loan?

Yes, payday loan lenders in Seaton, Illinois can sue borrowers who default on their loans. However, they are not allowed to use criminal charges or imprisonment as a means of collecting on a debt.