Payday Loans in Sorento, Illinois

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

Company nameAddressZip codePhone number
World Finance 150 E South St Ste F, Kewanee, IL 61443 +1 (309) 854 - 0602
Mariner Finance 330 E Morton Ave, Jacksonville, IL 62650 +1 (217) 291 - 0077
Central Federal Savings & Loan Association 5953 W Cermak Rd, Cicero, IL 60804 +1 (708) 656 - 5000
Blackhawk Bank 9705 Prairie Ridge Rd, Richmond, IL 60071 +1 (815) 678 - 2265
Associated Bank 2311 W Pioneer Pkwy, Peoria, IL 61615 +1 (309) 692 - 2150
Tower Loan 1540 W Jefferson St, Springfield, IL 62707 +1 (217) 546 - 7930
Longview Capital Corporation 207 S Coffin St, Newman, IL 61942 +1 (217) 837 - 2012
The Frederick Community Bank Main Bank in Paxton 106 N Market St, Paxton, IL 60957 +1 (217) 379 - 2336
Clay County State Bank 111 E Chestnut St, Louisville, IL 62858 +1 (618) 665 - 3314
Title Cash of Illinois 2916 Court St, Pekin, IL 61554 +1 (309) 353 - 5009

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Sorento, IL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Moline, IL, Payday Loans in Mount Prospect, IL, Payday Loan Without a Credit Check in Mundelein, IL, 24-Hour Loan in Naperville, IL, Payday Loans in North Chicago, IL, Payday Loan Companies in Northbrook, IL, Payday Loans in Oak Lawn, IL and Payday Loan Companies in Oak Park, 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 Sorento, IL.

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

62086

Are Payday Loans Legal In Sorento, 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

Sorento, IL payday loan calculator

Payday Loans in Sorento, Illinois: A Comprehensive Guide

When unexpected expenses arise, it can be challenging to find the funds you need to cover them. Thankfully, payday loans are a popular option in Illinois, including in Sorento. In this guide, we will provide a comprehensive overview of payday loans in Sorento, Illinois, to help you make informed decisions.

The Basics of Payday Loans in Illinois

Before delving into payday loans in Sorento, it is essential to understand the basics of payday loans in Illinois.

  • Payday loans are legal in Illinois
  • Borrowers can obtain payday loans for a minimum of 13 days and a maximum of 120 days.
  • Interest rates for payday loans in Illinois are limited to $15.50 for every $100 borrowed.
  • Illinois law requires payday lenders to be licensed and regulated by the Illinois Department of Financial and Professional Regulation (IDFPR).

The Payday Loan Process in Sorento, Illinois

In Sorento, payday loan borrowers are required to complete an application form and provide the following information:

  • Name, phone number, and address
  • Proof of income
  • Valid government-issued identification
  • Checking account details

The loan amount provided is generally a percentage of the borrower’s income, and the terms may vary based on the lender.

Benefits and Risks of Payday Loans

Payday loans can be a helpful solution to unexpected financial emergencies. These loans can be obtained without a credit check and are typically available within a day or two. However, payday loans are not without risks, including:

  • High-interest rates
  • Short repayment terms
  • Potential for continuous borrowing and debt cycles

Before taking out a payday loan in Sorento, it is crucial to evaluate the risks and consider other options.

Why Choose TheGuaranteedLoans?

At The Guaranteed Loans, we understand that unexpected expenses can arise at any time, leaving you in need of fast cash. As a connector service, we work with a network of reputable lenders to help borrowers secure the funds they need.

In just three easy steps, you can complete our online application form and receive a lender match. Our lenders offer competitive rates and flexible terms, allowing you to find the right loan for your needs.

Apply Now

To begin your payday loan application, visit our website and complete our online application form. Remember, we are not a direct lender, but a connector service. Once we have received your application, we will facilitate a connection with a potential lender, who will handle the rest of the loan process.

Interesting Facts/Statistics About Payday Loans in Sorento, Illinois

  • Sorento residents have an average salary of $39,750, with an unemployment rate of 3.9% as of 2021.
  • Prior to obtaining a payday loan, the average Sorento borrower had been in their job for 2 years.
  • In Illinois, 1 in 5 payday loan borrowers take out at least 10 consecutive loans with the same lender.

Conclusion

Payday loans can offer a fast solution to emergency expenses, but it’s essential to understand the potential risks and evaluate other options. At The Guaranteed Loans, we work with a network of reputable lenders to facilitate loan connections for eligible borrowers. Apply now on our website and secure the funds you need.

F.A.Q.

Can I get a payday loan if I have a bankruptcy in Sorento, Illinois?

Yes, you can still qualify for a payday loan in Sorento, Illinois even if you have filed for bankruptcy. However, the lender may consider your bankruptcy when determining loan eligibility and terms.

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

Yes, payday loans are designed for individuals with poor or no credit history. However, lenders may still require proof of income and other financial information to determine loan eligibility.