Payday Loans in Media, Illinois

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

Company nameAddressZip codePhone number
CASHCITY LOANS AND INSTALLMENT LOANS 7756 Madison St, River Forest, IL 60305 +1 (708) 488 - 8880
First State Bank of Dongola 108 SE Front St, Dongola, IL 62926 +1 (618) 827 - 3541
Raymond James Financial Services 2070 E 5th St, Metropolis, IL 62960 +1 (618) 524 - 1276
Check Into Cash 603 Freeport Rd c, Sterling, IL 61081 +1 (815) 626 - 9207
Hardware State Bank 102 W State St, Lovington, IL 61937 +1 (217) 873 - 4313
Janney Montgomery Scott LLC 30 S Wacker Dr 1760, Chicago, IL 60606 +1 (312) 705 - 4205
PLS Loan Store 337 S Franklin St, Chicago, IL 60606 +1 (312) 322 - 0002
Heights Finance Corporation 1716 W Bradley Ave, Champaign, IL 61821 +1 (217) 359 - 2274
CNB Bank & Trust, N.A. 533 S State St, Jerseyville, IL 62052 +1 (618) 498 - 5656
QC Financial Services 1401 N Prospect Ave # 1, Champaign, IL 61820 +1 (217) 352 - 2100

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Media, IL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Mundelein, IL, Guaranteed Loans in Naperville, IL, Payday Loan Without a Credit Check in North Chicago, IL, Payday Loans in Northbrook, IL, Payday Loans in Oak Lawn, IL, Quick Loan in Oak Park, IL, Same Day Loans in Orland Park, IL and Payday Loans in Oswego, 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 Media, IL.

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

61460

Are Payday Loans Legal In Media, 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

Media, IL payday loan calculator

Understanding Payday Loans in Media, Illinois

Are you considering taking out a payday loan in Media, Illinois? Payday loans can be a helpful option for people who find themselves in unexpected financial situations. However, they can also be risky if you don’t fully understand how they work. In this article, we’ll discuss the ins and outs of payday loans in Media, Illinois, and provide you with the information you need to make an informed decision.

What are Payday Loans?

Payday loans are short-term loans that you typically repay on your next payday. They are usually for small amounts, ranging from a few hundred dollars to a thousand dollars. Payday loans can be used for a variety of purposes, from emergency expenses to bill payments. They are relatively easy to obtain, and you can often get approved even if you have bad credit or no credit history.

How to Get a Payday Loan in Media, Illinois

If you’re interested in taking out a payday loan in Media, Illinois, the process is relatively straightforward. To apply, you’ll need to provide proof of income, a valid ID, and a checking account. You may also need to provide your Social Security number and other personal information.

Once you’ve submitted your application, the lender will review your information and determine whether you’re eligible for a loan. If you’re approved, you can usually get your funds within a few business days. Some lenders even offer same-day funding.

The Benefits and Risks of Payday Loans in Media, Illinois

Like any financial product, payday loans in Media, Illinois come with both benefits and risks. On the one hand, payday loans can be a helpful way to access cash when you need it. They are easy to obtain and don’t require a long application process like traditional loans.

On the other hand, payday loans can be expensive and may put borrowers in a cycle of debt. Because payday loans are short-term, they often come with high interest rates and fees. If you can’t repay your loan on time, you may incur additional fees and interest, which can quickly add up.

Facts and Statistics About Payday Loans in Media, Illinois

  • As of 2019, there were over 530 payday lenders in Illinois, including both storefront and online lenders.
  • In 2018, the average payday loan in Illinois was $367, and the average borrower took out eight loans per year.
  • Illinois law caps payday loan interest rates at 400% APR for loans under $1,000 and 99% APR for loans over $1,000.

Apply Now

Are you interested in applying for a payday loan in Media, Illinois? TheGuaranteedLoans can help connect you with potential lenders in your area. Simply fill out our online application form, and we’ll provide you with a list of lenders who may be able to offer you a loan. Remember, TheGuaranteedLoans is a connector service, not a direct lender. Apply now to get started!

In Conclusion

If you’re considering a payday loan in Media, Illinois, it’s important to do your research and understand the risks and benefits involved. While payday loans can be a helpful way to access cash in an emergency, they can also be expensive and may put you in a cycle of debt. Be sure to explore all your options and only borrow what you can afford to repay.

F.A.Q.

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

Yes, there are several alternatives to payday loans in Media, Illinois. For example, borrowers can seek out small personal loans from banks or credit unions, apply for assistance from social service organizations, or negotiate payment plans with creditors.

Can I be charged additional fees if I make a payment on my payday loan late?

Yes, Illinois law allows lenders to charge additional fees for late payments on payday loans. The maximum late fee that can be charged is $25, or 5% of the unpaid balance, whichever is less.