Payday Loans in Hidalgo, Illinois

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

Company nameAddressZip codePhone number
TitleMax Title Loans 1702 E Empire St, Bloomington, IL 61704 +1 (309) 662 - 6415
Russ Gelberg - Wells Fargo Private Mortgage Banking, Loans in all 50 States 400 Skokie Blvd 510, Northbrook, IL 60062 +1 (847) 736 - 0446
Villa Grove State Bank 10 N Main St, Villa Grove, IL 61956 +1 (217) 832 - 2631
USA Payday Loans 110 W Veterans Pkwy, Yorkville, IL 60560 +1 (630) 553 - 9995
KCT Credit Union 121 S McLean Blvd suite a, South Elgin, IL 60177 +1 (847) 741 - 3344
BMO Harris Bank - Mortgage Banker David Crowder 15901 Illinois Rte 59, Plainfield, IL 60586 +1 (815) 200 - 3200
Texico State Bank 13766 E Dix Texico Rd, Texico, IL 62889 +1 (618) 266 - 7670
Wise Finance of Normal, llc 1730 Bradford Ln #200, Normal, IL 61761 +1 (309) 268 - 9473
Midwest Title Loans 4231 E State St, Rockford, IL 61108 +1 (815) 516 - 5557
World Finance Corporation 159 E Bethalto Dr, Bethalto, IL 62010 +1 (618) 377 - 0048

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Hidalgo, IL, you can try to find different companies in big cities near by. Check out the following pages here: Quick Loan in Carpentersville, IL, Guaranteed Loans in Champaign, IL, Payday Loans in Chicago, IL, Payday Loans in Chicago Heights, IL, Payday Loan Companies in Crystal Lake, IL, Payday Loans in Danville, IL, Payday Loans in Decatur, IL and Online Loans in Dekalb, 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 Hidalgo, IL.

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

62432

Are Payday Loans Legal In Hidalgo, 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

Hidalgo, IL payday loan calculator

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

Payday loans are a popular short-term financial solution for many individuals in need of quick cash. These loans can be a viable option for those who find themselves in a financial bind, but it is critical to understand the laws and regulations around payday loans in your state. In this article, we will discuss everything you need to know about payday loans in Hidalgo, Illinois.

What are payday loans?

Payday loans are short-term loans designed to help you cover emergency expenses and unexpected bills until your next paycheck arrives. They are generally for small amounts and are repaid on your next payday, which is typically within two to four weeks.

How do payday loans work in Hidalgo, Illinois?

In Illinois, payday loans are legal, and borrowers can receive loans for up to $1000 or 25% of their total gross monthly income. The maximum loan term is 120 days, and APR cannot exceed 400%. In Hidalgo, Illinois, payday loan lenders must be licensed to operate within the state. This ensures that borrowers receive fair and legal loans.

What are the requirements for a payday loan in Hidalgo, Illinois?

To qualify for a payday loan in Hidalgo, Illinois, you must meet the following requirements:

  • Be at least 18 years old
  • Have a valid government-issued ID
  • Have a verifiable source of income
  • Have an active checking account

These requirements help ensure that borrowers can repay their loans and prevent loan defaults.

The benefits of payday loans in Hidalgo, Illinois

There are several advantages to payday loans, including:

  • Quick access to funds when you need them
  • No need for collateral
  • No credit check required
  • Easy application process

However, it is essential to note that payday loans also come with high-interest rates and fees, which can make them an expensive option.

Interesting facts and statistics about payday loans in Hidalgo, Illinois

  • Illinois has some of the most stringent payday loan regulations in the country.
  • There are more than 600 payday loan lenders operating in Illinois.
  • During the COVID-19 pandemic, payday lenders have faced increased scrutiny for their practices during this economic crisis.
  • In Illinois, the average payday loan APR is 404%, which is higher than the national average of 391%.
  • Between 2011 and 2015, payday lenders in Illinois charged more than $1.5 billion in fees and interest on short-term loans.

Apply Now for a Payday Loan in Hidalgo, Illinois

If you need a payday loan in Hidalgo, Illinois, TheGuaranteedLoans is here to help. We are a trusted connector service, providing access to a network of qualified lenders who can provide you with the funds you need quickly and safely. Our online application process is simple and easy, and we are committed to connecting you with a lender who meets your unique needs and budget. Apply now to get started.

Important note:

TheGuaranteedLoans is not a direct lender, nor do we make loan decisions. We are a connector service linking borrowers with potential lenders. All loan decisions, including approval, loan amount, terms, and repayment, are made by the lender and are subject to state and federal laws.

Conclusion

Payday loans can be a helpful short-term financial solution when you need cash quickly, but it is essential to understand the regulations and laws surrounding these loans in your state. In Hidalgo, Illinois, payday loans are legal, and borrowers can receive loans up to $1000 or 25% of their total monthly income. By working with a trusted connector service, such as TheGuaranteedLoans, you can ensure that you receive fair and reputable loans from qualified lenders. Apply now to get started on your payday loan application today.

F.A.Q.

Are there any protections in place for consumers who take out payday loans in Hidalgo, Illinois?

Yes, Illinois law provides several protections for consumers who take out payday loans. For example, lenders are required to provide clear and concise information about the terms of the loan, and cannot use deceptive or unfair practices. Borrowers also have the right to cancel a payday loan within 24 hours of signing the loan agreement.

Can I be arrested or have my wages garnished if I default on a payday loan in Hidalgo, Illinois?

No, Illinois law prohibits lenders from using criminal actions, such as arrest or wage garnishment, to collect on payday loans. If a borrower defaults on a payday loan, the lender can only take legal action to recover the outstanding amount.