Payday Loans in Gifford, Illinois

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
First Bankers Trust Company, N.A. 101 Collins St, Mendon, IL 62351 +1 (217) 936 - 2134
PLS Loan Store 4031B 183rd St, Country Club Hills, IL 60478 +1 (708) 206 - 3300
Farm Credit Illinois 2601 Henry Dr, Marion, IL 62959 +1 (618) 998 - 1008
LendNation 1 N Gilbert St, Danville, IL 61832 +1 (217) 709 - 1110
First Midwest Bank 200 W Corning Ave, Peotone, IL 60468 +1 (708) 258 - 3231
AmeriCash Loans 103 N Wells St, Chicago, IL 60606 +1 (312) 236 - 9777
Mariner Finance 617 Highgrove Pl, Rockford, IL 61108 +1 (815) 873 - 6868
Bank of America with Drive-thru ATM 1921 St Johns Ave, Highland Park, IL 60035 +1 (847) 432 - 5000
Grant Thornton, LLP 171 N Clark St Ste 200, Chicago, IL 60601 +1 (312) 856 - 0200
Speedy Cash Freeport, IL 61032

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Gifford, IL, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in Waukegan, IL, Same Day Loans in Wheaton, IL, Payday Loans in Wheeling, IL, Payday Loans in Woodridge, IL, Guaranteed Loans in Addison, IL, Same Day Loans in Algonquin, IL, Payday Loans in Arlington Heights, IL and Payday Loans in Aurora, 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 Gifford, IL.

Beautiful sights of Gifford, IL

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

61847

Are Payday Loans Legal In Gifford, 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

Gifford, IL payday loan calculator

Payday Loans in Gifford, Illinois: What You Need to Know

Payday loans are a quick and easy way to obtain short-term financial help for individuals facing unexpected expenses. Fortunately, residents in Gifford, Illinois can have access to payday loans as they are legal in the state of Illinois. However, before applying for payday loans, here’s everything you need to know:

What are Payday Loans?

Payday loans are short-term loans with high-interest rates. These loans are borrowed against the borrower’s next paycheck. Payday loans typically range from $100 to $1,500 and have a repayment period of two weeks to one month.

Payday lenders generally do not take the borrower’s credit score into account. Instead, they focus on the borrower’s income and check whether they have a steady income source.

How to Apply for Payday Loans in Gifford, Illinois?

The application process for payday loans is generally straightforward. In Gifford, Illinois, you can apply for payday loans either in person or online.

If you prefer to apply in person, payday lenders in Gifford, Illinois, require you to provide a few basic pieces of information, such as your name, contact information, and employment details.

If you want to apply for payday loans online, you can do so through TheGuaranteedLoans website. We are a connector service that helps you connect with potential lenders. When you apply online, you will have to provide similar information about yourself.

The Pros and Cons of Payday Loans

Pros:

  • Quick access to cash
  • No credit score requirement
  • Easy application process

Cons:

  • High-interest rates and fees
  • Short repayment period
  • Potentially damaging to credit score if not paid back on time

What Are the Costs of Payday Loans?

The fees and interest rates on payday loans vary by lender. In Gifford, Illinois, payday lenders are allowed to charge up to $15.50 per $100 borrowed. This means, for example, if you borrow $500, the total fees payable would amount to $77.50. The interest rates on payday loans can range from 390% to 780%, depending on the lender.

Interesting Facts about Payday Loans in Gifford, Illinois

  • On average, Illinois borrowers take out 9 payday loans per year.
  • Payday lenders in Illinois made $731 million in 2019 in fees alone.
  • The average annual percentage rate (APR) for payday loans in Illinois is 297%.

Apply Now for Payday Loans in Gifford, Illinois

If you are facing unexpected expenses and need money quickly, a payday loan may be the best option for you. However, it is essential to carefully consider the costs and ensure that you can pay the loan back on time.

To apply for payday loans through TheGuaranteedLoans, simply complete our online application form and provide us with the required information. Remember, we are not a direct lender, but a connector service that can help match you with a potential lender.

Apply now and get the financial help you need, quick and easy!

F.A.Q.

Are there any protections for borrowers in Gifford, Illinois who take out payday loans?

Yes, Illinois law provides several protections for payday loan borrowers. For example, lenders must provide borrowers with a clear and concise written contract outlining the terms of the loan, including the interest rate, fees, and repayment schedule.

Can payday lenders in Gifford, Illinois garnish my wages if I default on my loan?

No, in Gifford, Illinois, payday lenders cannot garnish wages to collect on unpaid payday loans. Borrowers who are facing wage garnishment related to their payday loan should contact the Illinois Attorney General's office for assistance.