Payday Loans in Tamaroa, Illinois

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

Company nameAddressZip codePhone number
World Finance 3102 Nameoki Rd Suite A, Granite City, IL 62040 +1 (618) 877 - 0722
Payday Loans Joliet Joliet, IL 60432
Shelby County State Bank 109 Commercial St, Strasburg, IL 62465 +1 (217) 644 - 3111
Erie State Bank 915 8th Ave, Erie, IL 61250 +1 (309) 659 - 2245
Cash Store 148 May Mart Dr Ste C, Rochelle, IL 61068 +1 (815) 562 - 7877
Rock Valley Credit Union 561 E Flagg Rd, Rochelle, IL 61068 +1 (815) 562 - 7036
Diane Johnson Financial & Tax 120 W Center St, Paxton, IL 60957 +1 (217) 379 - 4748
Security National Bank 1 W Broadway St, Witt, IL 62094 +1 (217) 594 - 2221
Mariner Finance 100 W Commercial St 4, Morris, IL 60450 +1 (815) 942 - 3403
Security Finance 2425 Veterans Pkwy # C, Vandalia, IL 62471 +1 (618) 283 - 4590

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Tamaroa, IL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Chicago, IL, Payday Loans in Chicago Heights, IL, Payday Loans in Crystal Lake, IL, Emergency Loan in Danville, IL, Payday Loans in Decatur, IL, 24-Hour Loan in Dekalb, IL, Payday Loan Companies in Des Plaines, IL and Payday Loans in Downers Grove, 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 Tamaroa, IL.

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

62888

Are Payday Loans Legal In Tamaroa, 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

Tamaroa, IL payday loan calculator

Understanding Payday Loans in Tamaroa, Illinois

Payday loans are a type of short-term loan that offers instant cash to individuals in need of money to cover unexpected expenses. These loans are meant to be repaid within a matter of weeks or with the borrower’s next paycheck. Illinois is one of the few states in the US where payday loans are legal, and Tamaroa, Illinois, is no exception.

How do Payday Loans Work in Tamaroa, Illinois?

The process of obtaining a payday loan in Tamaroa, Illinois, involves filling out an application with a lender and providing documentation of employment and income. The lender will then review the application and determine the amount that the borrower qualifies for based on their income.

The borrower will then receive the loan amount, which will be deducted from their bank account on the due date or with their next paycheck. Interest rates on payday loans in Tamaroa, Illinois, can range from 200% to 400%, and borrowers are expected to repay the loan and interest amount in full.

The Benefits and Risks of Payday Loans in Tamaroa, Illinois

The benefits of a payday loan include easy access to quick cash, which can be extremely useful in emergencies. However, the risks of payday loans can be severe and may lead to debt bondage.

The risks of payday loans in Tamaroa, Illinois, include high-interest rates, which can lead to a cycle of debt; hidden fees and charges, which can cause unexpected financial burdens, and predatory lending practices.

It’s essential to weigh the benefits and risks of payday loans in Tamaroa, Illinois, before deciding to take one out.

Interesting Facts and Statistics about Payday Loans in Tamaroa, Illinois

  • The average payday loan amount in Tamaroa, Illinois, is $350.
  • Payday loans in Tamaroa, Illinois, are meant to be repaid within 30 days.
  • The use of payday loans in Illinois has increased by 33% since 2005.
  • In Tamaroa, Illinois, the highest percentage of payday loan borrowers are low-income individuals aged 25-29.

Apply Now with TheGuaranteedLoans

If you are in need of a payday loan in Tamaroa, Illinois, TheGuaranteedLoans can help connect you with potential lenders. Our services are free, and we are a connector service, not a direct lender. By filling out an online application, you can quickly and easily connect with potential lenders who can provide you with the funds you need to cover unexpected expenses.

Don’t let an emergency expense put you in a tight spot. Apply now with TheGuaranteedLoans and take the first step towards financial peace of mind.

F.A.Q.

Can payday lenders in Tamaroa, Illinois operate without a license?

No, all payday lenders in Tamaroa, Illinois must be licensed by the state in order to operate. Borrowers can check the Illinois Department of Financial and Professional Regulation's website to verify that a lender is licensed before taking out a loan.

Is there a maximum number of payday loans that a borrower can take out in Tamaroa, Illinois?

Yes, Illinois law limits borrowers to taking out a maximum of two payday loans at any one time. Borrowers must also wait at least seven days between taking out consecutive payday loans.