Payday Loans in Dover, Illinois

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

Company nameAddressZip codePhone number
Fairway Independent Mortgage Corporation 133 E Ogden Ave Suite 203, Suite 203, Hinsdale, IL 60521 +1 (708) 581 - 8007
Flanagan State Bank 500 Persimmon Dr, Le Roy, IL 61752 +1 (309) 962 - 4707
CFSC Currency Exchange New Fox Lake 43 US-12, Fox Lake, IL 60020 +1 (847) 587 - 5414
AAMCO Transmissions & Total Car Care 1406 N Milwaukee Ave, Libertyville, IL 60048 +1 (847) 281 - 5492
Northside Community Bank 800 IL-83, Mundelein, IL 60060 +1 (847) 837 - 8883
Wells Fargo Home Mortgage 121 W 1st St, Geneseo, IL 61254 +1 (309) 945 - 4328
Walmart Money Center 4041 Veterans Dr, Ottawa, IL 61350 +1 (815) 434 - 0120
Bank of Stronghurst 108 W Main St, Stronghurst, IL 61480 +1 (309) 924 - 1316
Argenta Legal Funding 5801 N Northwest Hwy, Chicago, IL 60631 +1 (877) 811 - 1161
World Finance Corporation 1095 W Washington St, Pittsfield, IL 62363 +1 (217) 285 - 4564

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Dover, IL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Rock Island, IL, Payday Loans in Rockford, IL, Payday Loans in Romeoville, IL, Payday Loans in Saint Charles, IL, Payday Loans in Schaumburg, IL, No Credit Check Loans in Skokie, IL, Payday Loans in Springfield, IL and Payday Loans in Streamwood, 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 Dover, IL.

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

61323

Are Payday Loans Legal In Dover, 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

Dover, IL payday loan calculator

Understanding Payday Loans in Dover, Illinois

Payday loans are a popular short-term lending solution for many people in need of quick cash. In Dover, Illinois, payday loans are legal and regulated under state law, providing individuals with a reliable source of financing in times of emergency.

What are Payday Loans?

A payday loan is a short-term loan that borrowers can use to cover unexpected expenses or emergency costs. These loans typically have high interest rates and are due to be paid back in full on the borrower’s next payday.

Payday loans are often used by individuals who have poor credit or no credit history and cannot qualify for traditional bank loans. While the interest rates on payday loans are high, they can be a helpful solution for individuals who need cash quickly and have no other options.

How Do Payday Loans Work?

In Dover, Illinois, payday loans work by allowing borrowers to write a post-dated check or provide their lender with direct access to their bank account. This ensures that the lender will receive payment on the borrower’s next payday.

The loan amount is typically based on the borrower’s income and can range from $100 to $1,000 or more. The lender will charge a fee for the loan, which is typically around $15 for every $100 borrowed.

Borrowers must pay back the loan in full on their next payday, which is typically within two to four weeks. If the borrower is unable to repay the loan on time, they may be charged additional fees or have their check or bank account garnished.

Benefits of Payday Loans

  • Quick access to cash when you need it most
  • No need to have good credit or a long credit history
  • Easy application process with minimal paperwork
  • Flexible repayment terms

Drawbacks of Payday Loans

  • High interest rates and fees
  • Can lead to a cycle of debt if not paid back on time
  • Can have a negative impact on credit score if not paid back on time

Interesting Facts about Payday Loans in Dover, Illinois

  • Illinois has some of the strongest payday lending regulations in the country, including a cap of 400% on interest rates for payday loans.
  • According to a report by the Illinois Department of Financial and Professional Regulation, over 300,000 payday loans were issued in the state in 2019, totaling over $1.2 billion in loan volume.

Apply Now

If you are in need of a payday loan in Dover, Illinois, TheGuaranteedLoans can help connect you with potential lenders. Our online application process is quick and easy, and we work with a network of reputable lenders who are committed to helping individuals get the financing they need.

Please note that TheGuaranteedLoans is not a direct lender and does not make lending decisions. Instead, we work as a connector service to help you find a lender who meets your needs and fits your financial situation.

Don’t hesitate to apply now if a payday loan could help you cover unexpected expenses or emergency costs. Our team is here to help you every step of the way.

F.A.Q.

Can I get a payday loan from a bank in Dover, Illinois?

No, payday loans are not offered by traditional banks in Dover, Illinois. These loans are only available from licensed payday lenders, which are typically small, independent businesses.

Can I get a payday loan from a credit union in Dover, Illinois?

Yes, some credit unions in Dover, Illinois may offer small personal loans that are similar to payday loans. However, these loans may have lower interest rates and more favorable terms than payday loans. It is important to compare the terms and conditions of credit union loans with those of payday loans to determine the best option for your financial situation.