Payday Loans in Armington, Illinois

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

Company nameAddressZip codePhone number
Compeer Financial 1512 W Reynolds St D, Pontiac, IL 61764 +1 (815) 844 - 6024
PLS Loan Store 810 N Front ST, McHenry, IL 60050 +1 (815) 363 - 0996
First Midwest Bank 1111 US-6, Morris, IL 60450 +1 (815) 942 - 5300
Armed Forces Bank 2819 Spaulding St, Great Lakes, IL 60088 +1 (847) 887 - 9423
Thrivent Financial : Andrew 109 Timber Ln, East Peoria, IL 61611 +1 (309) 370 - 1232
Check Into Cash 2529 W War Memorial Dr, Peoria, IL 61615 +1 (309) 693 - 3500
First State Bank 90 N Main St, La Moille, IL 61330 +1 (815) 638 - 2398
Top Payday Loans Wheaton 25W460 Flint Creek Rd, Wheaton, IL 60189
Grand Rivers Community Bank 260 S Main St, Grand Chain, IL 62941 +1 (618) 634 - 2208
LendNation 1415 N Main St, Bloomington, IL 61701 +1 (309) 829 - 3500

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Armington, IL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Without a Credit Check in Glenview, IL, Payday Loans in Gurnee, IL, Quick Loan in Hanover Park, IL, Payday Loans in Hoffman Estates, IL, Payday Loans in Joliet, IL, No Credit Check Loans in Lombard, IL, Emergency Loan in Moline, IL and Short-term Loans in Mount Prospect, 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 Armington, IL.

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

61721

Are Payday Loans Legal In Armington, 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

Armington, IL payday loan calculator

The Ins and Outs of Payday Loans in Armington, Illinois

Payday loans are a popular way for individuals to get quick access to cash when they need it. In Illinois, payday loans are legal, but regulations exist to protect consumers. If you’re looking for payday loans in Armington, Illinois, there are some important things you need to know.

How do Payday Loans Work?

Payday loans are short-term loans designed to be paid back when the borrower receives their next paycheck. The loans typically range from $100 to $1,500, and they come with high-interest rates. The repayment period for payday loans in Illinois is 13 to 45 days, depending on the amount borrowed.

When you apply for a payday loan, you’ll need to provide proof of income and a post-dated check or automatic debit authorization. If you’re approved for the loan, you’ll receive the funds in your account in one to two business days. However, keep in mind that interest rates on payday loans can be as high as 400%.

What Are the Requirements for Payday Loans in Armington, Illinois?

While payday loans are legal in Illinois, the state has enacted several laws to regulate the industry. To apply for a payday loan in Armington, Illinois, you must meet these requirements:

  • You must be 18 or older to apply.
  • You must have a steady income source and earn at least $1,000 per month after taxes.
  • You must provide proof of income and a valid ID.
  • You cannot be bankrupt or have outstanding payday loans.

What Are the Benefits of Payday Loans?

Payday loans can be beneficial in certain situations. They provide quick access to cash, and the requirements for approval are generally less strict than those for other types of loans. Additionally, payday loans can help you avoid late fees or overdraft charges on your bank account.

However, it’s important to remember that payday loans come with high-interest rates and short repayment periods. If you’re unable to pay the loan back on time, you can end up in a vicious cycle of debt.

Facts and Statistics About Payday Loans in Armington, Illinois

  • According to the Illinois Department of Financial and Professional Regulation, there were 2,535,283 payday loans made in the state of Illinois in 2019.
  • The total amount borrowed in Illinois for payday loans was $1,143,871,808, with an average loan amount of $450.
  • The average APR for payday loans in Illinois was 297% in 2019.
  • Illinois has the most robust payday loan regulations in the country, with laws that limit interest rates and loan amounts and require lenders to offer repayment plans.

Apply Now with TheGuaranteedLoans

If you’re looking for payday loans in Armington, Illinois, TheGuaranteedLoans can help. We are a connector service that can help you find a lender who meets your needs.

Our application process is quick and easy. Simply fill out our online form, and we’ll connect you with potential lenders who can provide the funds you need. Keep in mind that we are not a direct lender and we don’t make credit decisions. However, we work with a network of lenders who can offer you a loan.

Apply now and get the funds you need today!

F.A.Q.

How do I qualify for a payday loan in Armington, Illinois?

To qualify for a payday loan in Armington, Illinois, borrowers must be at least 18 years old, have a valid ID, and have a steady source of income.

How much can I borrow with a payday loan in Armington, Illinois?

in Armington, Illinois, payday loans are typically limited to $1,000 or 25% of the borrower's gross monthly income, whichever is less.