Payday Loans in Mozier, Illinois

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

Company nameAddressZip codePhone number
Security Finance 122 Southtowne Shopping Ctr, Suite 6, Du Quoin, IL 62832 +1 (618) 542 - 8730
Walmart Money Center 1304 E Main St, Robinson, IL 62454
Villa Grove State Bank 10 N Main St, Villa Grove, IL 61956 +1 (217) 832 - 2631
Security Finance 211 S Locust St, Centralia, IL 62801 +1 (618) 533 - 9101
Anna State Bank 100 E Vienna St, Anna, IL 62906 +1 (618) 833 - 2151
Check 'n Go 8535-B S. Harlem, Burbank, IL 60459 +1 (708) 430 - 5500
Decatur Earthmover Credit Union 2600 Dividend Dr, Decatur, IL 62526 +1 (217) 875 - 2301
United States Postal Service 413 N Main St, Roanoke, IL 61561 +1 (800) 275 - 8777
1st MidAmerica Credit Union 731 E Bethalto Dr, Bethalto, IL 62010 +1 (618) 258 - 3168
United Community Bank 790 E Jackson St, Auburn, IL 62615 +1 (217) 438 - 6311

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Mozier, IL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Dundee, IL, Bad Credit Loans in Elgin, IL, Payday Loans in Elk Grove Village, IL, Short-term Loans in Elmhurst, IL, Payday Loans in Evanston, IL, Payday Loans in Galesburg, IL, Short-term Loans in Glendale Heights, IL and Payday Loans in Glenview, 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 Mozier, IL.

Are Payday Loans Legal In Mozier, 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

Mozier, IL payday loan calculator

Payday Loans in Mozier, Illinois: A Comprehensive and Accessible Guide

Payday loans are an option for people who need quick cash to cover unexpected expenses. If you live in Mozier, Illinois, you might be wondering if these loans are legal and how they work. In this guide, we’ll explore everything you need to know about payday loans in Mozier, Illinois.

What Are Payday Loans?

A payday loan is a short-term loan that you can get without a hard credit check. These loans are usually due on your next payday and come with high interest rates and fees. Payday loans are meant to provide quick and easy cash for people who need help covering expenses like bills, car repairs, or medical emergencies.

How Do Payday Loans Work?

To get a payday loan, you typically need to provide proof of income and a bank account. The lender will typically give you a loan for a certain amount of money, and you’ll be expected to pay back the loan plus interest and fees on your next payday. If you’re unable to pay back the loan on time, you may be charged additional fees and interest.

Are Payday Loans Legal in Mozier, Illinois?

Yes, payday loans are legal in Illinois, including Mozier. However, there are regulations in place to protect borrowers from lenders who engage in predatory practices. For example, Illinois law limits the amount of money you can borrow through a payday loan and caps interest rates and fees.

What Are the Requirements for Getting a Payday Loan in Mozier?

The requirements for getting a payday loan in Mozier are similar to those in other parts of Illinois. You must be at least 18 years old and have a steady source of income. You’ll also need to provide information about your bank account and may be required to submit to a credit check.

The Pros and Cons of Payday Loans in Mozier

  • Pros: Payday loans can be a good option if you need cash quickly and have no other options. They’re easy to get and don’t require a hard credit check.
  • Cons: Payday loans come with high interest rates and fees. If you’re unable to pay back the loan on time, you may end up in a cycle of debt.

Interesting Facts about Payday Loans in Mozier, Illinois

  • According to the Illinois Department of Financial and Professional Regulation, the average payday loan in Illinois in 2020 was around $360.
  • Illinois law requires lenders to give borrowers a repayment plan if they’re unable to pay back the loan on time.
  • Illinois is one of 16 states that has a cap on the interest rates that can be charged on payday loans.

Apply Now

If you’re interested in getting a payday loan in Mozier, Illinois, TheGuaranteedLoans can help connect you with potential lenders. Remember, we are a connector service, not a direct lender, and we cannot guarantee approval or loan terms. To get started, fill out our online application and we’ll connect you with potential lenders who may be able to provide the cash you need.

Overall, payday loans can be a helpful option for people who need cash quickly, but they come with high interest rates and fees. If you need money to cover unexpected expenses, it’s important to consider all your options and make a plan for paying the loan back on time. With this guide, you should have a better understanding of payday loans in Mozier, Illinois and how they work.

F.A.Q.

Can I apply for a payday loan if I have bad credit or no credit history?

Yes, you can apply for a payday loan even if you have bad credit or no credit history. Payday lenders typically do not require a credit check to approve a loan, and instead rely on other factors such as proof of income and a checking account to determine loan eligibility.

What are the eligibility requirements for payday loans in Mozier, Illinois?

To be eligible for a payday loan in Mozier, Illinois, borrowers must be at least 18 years of age, have a valid government-issued ID, and have a verifiable source of income.