Payday Loans in Waynesville, Illinois

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

Company nameAddressZip codePhone number
Sun Loan Company 8 W Frankfort Plaza, West Frankfort, IL 62896 +1 (618) 937 - 3900
Fiat Financial Money Center 3641 N Main St, Rockford, IL 61103 +1 (815) 654 - 6101
BCU 415 S Main St, Crystal Lake, IL 60014 +1 (800) 388 - 7000
USA Payday Loans Tinley Park 16024 S Harlem Ave, Tinley Park, IL 60477 +1 (708) 614 - 1175
Trivoli Community Bank 615 N Trivoli Rd, Trivoli, IL 61569 +1 (309) 362 - 2139
Lincoln Financial Group 570 Golden Valley Ln, Algonquin, IL 60102 +1 (847) 458 - 6640
Security Finance 311 W Main St, West Frankfort, IL 62896 +1 (618) 937 - 4503
State Finance Co 216 E Main St, West Frankfort, IL 62896 +1 (618) 932 - 8585
Mid-Illini Credit Union 1811 Eastland Dr, Bloomington, IL 61704 +1 (309) 661 - 1166
Town and Country Bank 303 N Main St, Decatur, IL 62523 +1 (217) 787 - 3100

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Waynesville, IL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Romeoville, IL, Payday Loans in Saint Charles, IL, Payday Loan Without a Credit Check in Schaumburg, IL, 24-Hour Loan in Skokie, IL, Payday Loan for Springfield, IL, Payday Loans in Streamwood, IL, Payday Loans in Tinley Park, IL and Bad Credit Loans in Urbana, 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 Waynesville, IL.

Beautiful sights of Waynesville, IL

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

61778

Are Payday Loans Legal In Waynesville, 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

Waynesville, IL payday loan calculator

In today’s fast-paced world, it’s common for people to run into unexpected financial situations that require quick solutions. When you find yourself in a bind, sometimes the only option is to take out a payday loan. In Waynesville, Illinois, payday loans are legal and can be a helpful option for those who need extra cash before their next paycheck.

What are payday loans?

A payday loan is a short-term, high-interest loan that is typically due on your next payday. These loans are designed for people who need quick access to cash and cannot wait for traditional loans to be approved.

The process of obtaining a payday loan is relatively simple. You will need to provide proof of income, a valid identification card, and a checking account. Depending on your lender, you may also need to provide other documentation.

How do payday loans work in Waynesville, Illinois?

In Illinois, payday loans are regulated by the Illinois Department of Financial and Professional Regulation.

To get a payday loan in Waynesville, you must be at least 18 years old and provide proof of income, such as a recent pay stub. You must also have a valid identification card and a checking account.

Once you have provided the necessary information, your lender will determine if you qualify for a payday loan and how much you can borrow. Typically, payday loans range from $100 to $1,000, depending on your income and other factors.

You will then have to sign a loan agreement, which will include the loan amount, repayment terms, and interest rate. The interest rate for payday loans in Illinois varies but can be as high as 400%. It’s important to note that you must repay the loan on your next payday, which is typically within two weeks.

Can you extend or refinance a payday loan?

Illinois law allows borrowers to extend or refinance their payday loans up to two times. However, this extension comes with additional fees and interest rates, so it’s important to pay off the loan as soon as possible to avoid accruing more debt.

Are there any alternatives to payday loans?

If you need cash and cannot wait for your next paycheck, there are other options to consider. Some alternatives include:

  • Credit cards: If you have a credit card, using it for emergency expenses could be a better option than taking out a payday loan, as credit cards typically have lower interest rates.
  • Personal loans: Personal loans from banks or credit unions offer lower interest rates than payday loans but typically require good credit and a longer approval process.
  • Borrow from friends and family: If possible, borrowing from friends or family members might be a more affordable option than taking out a payday loan.

The Bottom Line

Payday loans can be a useful option in emergencies, but they come at a high cost. If you decide to take out a payday loan, make sure you can repay it on time to avoid additional fees and interest rates.

Interesting Facts and Statistics about Payday loans in Waynesville, Illinois

  • In Illinois, the average payday loan amount is around $375.
  • According to a report from the Center for Responsible Lending, over 75% of payday loans are made to consumers who take out at least 10 loans a year.
  • Payday lending generated $23.5 billion in revenue in 2018, according to the Community Financial Services Association of America.

Apply Now

If you need a payday loan in Waynesville, Illinois, TheGuaranteedLoans can help you connect with potential lenders. Our online application is quick and easy to fill out. Remember, we are not a direct lender, but a connector service that can help match you to a lender that can provide the cash you need.

Don’t let financial emergencies stress you out. Apply now and get the cash you need today!

F.A.Q.

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

Yes, there are several alternatives to payday loans in Waynesville, 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 Waynesville, Illinois?

No, in Waynesville, 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.