Payday Loans in Millcreek, Illinois

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

Company nameAddressZip codePhone number
Walmart Money Center 5307 IL-251, Peru, IL 61354 +1 (815) 224 - 2396
TitleMax Title Loans 1695 Plainfield Rd, Crest Hill, IL 60403 +1 (815) 272 - 2878
Cherry Creek Mortgage, Brian Sewell, NMLS 212085 3311 Hobson Rd Ste B, Woodridge, IL 60517 +1 (630) 352 - 0629
Security Finance 3015 18th Ave, Rock Island, IL 61201 +1 (309) 786 - 1956
Commerce Bank 1015 W Windsor Rd, Champaign, IL 61821 +1 (217) 359 - 9790
Tower Loan 2055 W Hwy 50, Fairview Heights, IL 62208 +1 (618) 628 - 7830
Iroquois Federal 421 Brown Blvd, Bourbonnais, IL 60914 +1 (815) 932 - 5100
Pargin Retirement Planning Group 600 12th St, Lawrenceville, IL 62439 +1 (618) 943 - 4800
Tower Loan 481 N Commons Dr Unit F, Aurora, IL 60504 +1 (630) 585 - 9268
CFSC Currency Exchange New McHenry Currency Exchange 4405 W Elm St, McHenry, IL 60050 +1 (815) 344 - 0010

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Millcreek, IL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Orland Park, IL, Guaranteed Loans in Oswego, IL, Emergency Loan in Palatine, IL, Payday Loans in Park Ridge, IL, Short-term Loans in Pekin, IL, Payday Loan Companies in Peoria, IL, Online Loans in Plainfield, IL and Quick Loan in Quincy, 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 Millcreek, IL.

Are Payday Loans Legal In Millcreek, 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

Millcreek, IL payday loan calculator

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

Millcreek is a small village located in Union County, Illinois, with a population of just over 300 people. Like many other small towns in America, Millcreek residents may find themselves in need of emergency financial assistance from time to time. Fortunately, payday loans are legal in Illinois, making them a viable option for those living in Millcreek who need quick access to cash.

What are Payday Loans?

Payday loans are short-term loans designed to help individuals bridge the gap between paychecks. They are typically due on the borrower’s next payday. In Illinois, payday loans can be for a maximum of $1,000 or 25% of the borrower’s gross monthly income, whichever is less. The term of the loan must be between 13 and 120 days.

Applying for a payday loan is typically a quick and easy process that can be completed online or in-person at a lender’s brick-and-mortar location. Borrowers must provide proof of income, a valid ID, and a checking account to receive a payday loan.

Benefits of Payday Loans in Millcreek

Payday loans can be a useful tool for those facing unexpected expenses. Some benefits of payday loans include:

  • Quick and easy application process
  • Funds available within one business day
  • No credit check required
  • No collateral required

However, it is important to note that payday loans can have high interest rates and fees, and should be used only as a last resort option.

Interesting Facts About Payday Loans in Millcreek, Illinois

  • Illinois has more than 500 payday loan storefronts, more than any other state in the country.
  • The average payday loan borrower in Illinois takes out 5 loans per year.
  • The interest rate for payday loans in Illinois can be as high as 400% APR.
  • The Illinois Department of Financial and Professional Regulation regulates payday loans in the state.

While payday loans can be a helpful option for those in need of short-term financial assistance, it is important to be aware of the potential risks and fees associated with these types of loans.

Apply Now

If you are in need of emergency financial assistance in Millcreek, Illinois, TheGuaranteedLoans can help connect you with potential lenders who offer payday loans. Simply fill out our online application form and we will match you with a lender that meets your needs. Remember, TheGuaranteedLoans is a connector service and not a direct lender.

F.A.Q.

Are there any restrictions on the number of times that a payday loan can be renewed in Millcreek, Illinois?

Yes, in Millcreek, Illinois, payday loans can only be renewed once. Borrowers who wish to renew their loan must pay off at least one-third of the principal and any fees before the loan can be renewed.

Can payday lenders in Millcreek, Illinois charge higher interest rates on loans to military personnel and their families?

No, in Millcreek, Illinois, payday lenders are prohibited from charging higher interest rates on loans to military personnel and their families. Borrowers who believe that they have been charged a higher interest rate due to their military status should contact the Illinois Attorney General's office for assistance.