Payday Loans in Philo, Illinois

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

Company nameAddressZip codePhone number
Elk Grove Jewelry & Pawn 1059 Rohlwing Rd, Elk Grove Village, IL 60007 +1 (847) 895 - 3366
Mariner Finance 1624 Dekalb Ave, Sycamore, IL 60178 +1 (815) 899 - 5500
AmeriCash Loans 205 E Army Trail Rd, Glendale Heights, IL 60139 +1 (630) 893 - 4149
First American Bank 500 E Grand Ave, Lake Villa, IL 60046 +1 (847) 356 - 2181
Byline Bank 55 Shuman Blvd 100, Naperville, IL 60563 +1 (630) 348 - 2300
Blackhawk Bank 9609 Forest Hills Rd, Machesney Park, IL 61115 +1 (815) 639 - 0777
World Finance Corporation 1101 Caseyville Rd g, Caseyville, IL 62232 +1 (618) 344 - 3492
Peoples National Bank 102 Cross Creek Blvd, Salem, IL 62881 +1 (618) 548 - 2650
Mariner Finance 5 Northpoint Dr, Streator, IL 61364 +1 (815) 672 - 0526
Amalgamated Bank Of Chicago 30 N LaSalle St, Chicago, IL 60602 +1 (312) 822 - 3000

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Philo, IL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Arlington Heights, IL, Payday Loan for Aurora, IL, Online Loans in Bartlett, IL, Payday Loans in Belleville, IL, Payday Loan Companies in Berwyn, IL, Payday Loans in Bloomington, IL, Short-term Loans in Bolingbrook, IL and Quick Loan in Buffalo Grove, 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 Philo, IL.

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

61864

Are Payday Loans Legal In Philo, 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

Philo, IL payday loan calculator

Advise to read before applying

Understanding Payday Loans in Philo, Illinois

If you’re in need of quick cash to pay for unexpected expenses, payday loans can provide the necessary funds to help you get by. However, many consumers find themselves confused about the process and unsure of where to turn for help. In this guide, we’ll explore what payday loans are, how they work, and what to consider when taking one out in Philo, Illinois.

What are payday loans?

Payday loans are a type of short-term loan that’s typically due on your next payday. They’re designed to help you cover urgent expenses, such as unexpected car repairs or medical bills, when you don’t have the funds available to pay for them.

How do payday loans work?

When you apply for a payday loan, you’ll need to provide proof of employment and income, such as a pay stub or bank statement. You’ll also need to provide information about your bank account, so the lender can deposit the loan funds directly into your account and withdraw the repayment amount when it’s due.

In Philo, Illinois, payday loans can vary in amount, but are usually limited to $1,000 or less. Before taking out a payday loan, it’s important to understand the fees and interest rates associated with the loan. Typically, payday lenders charge a fee for every $100 borrowed, and the APR can be as high as 400%.

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

To obtain a payday loan in Philo, Illinois, you must be at least 18 years old and provide proof of income and employment. You must also have an open and active checking account in good standing to be eligible for a payday loan.

Are payday loans legal in Philo, Illinois?

Yes, payday loans are legal in Philo, Illinois. However, the state has implemented regulations to protect consumers from predatory lending practices. For example, the maximum loan amount is $1,000 or 25% of your gross monthly income, whichever is less. Additionally, lenders are prohibited from rolling over or refinancing your loan more than three times.

What are the alternatives to payday loans?

While payday loans can provide quick cash for unexpected expenses, they come with high fees and interest rates. If you’re in need of funds and don’t want to take out a payday loan, some alternative options to consider include:

  • Personal loans
  • Credit cards
  • Assistance programs for low-income families
  • Bank or credit union overdraft protection

Interesting facts about payday loans in Philo, Illinois

Did you know that the average payday loan borrower in Illinois takes out eight loans per year, with an average loan amount of $365? Additionally, 60% of payday loan borrowers in Illinois are female, and 78% of payday loans are refinanced or rolled over.

Apply now for a payday loan in Philo, Illinois

If you’re in need of quick cash and are considering a payday loan in Philo, Illinois, TheGuaranteedLoans can help connect you with potential lenders. Keep in mind that we’re a connector service, not a direct lender, and we’ll never charge you fees for our services.

To apply for a payday loan in Philo, Illinois, simply fill out our online application and we’ll work to match you with a lender who can meet your needs. With our easy-to-use application process and quick turnaround times, you can get the funds you need to cover unexpected expenses.

F.A.Q.

Can I be sued if I default on a payday loan in Philo, Illinois?

Yes, payday lenders in Philo, Illinois can sue borrowers who default on their loans. However, borrowers have the right to defend themselves in court and may be able to negotiate a settlement or payment plan with the lender.

How can I file a complaint about a payday lender in Philo, Illinois?

Borrowers who wish to file a complaint about a payday lender in Philo, Illinois can do so by contacting the Illinois Department of Financial and Professional Regulation. Complaints can be filed online, by phone, or by mail.

Look for Short-Term Loans in Other Cities:

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Customer Notice: Cash advance loans should be used for short-term personal requirements primarily, not as long-term budgetary remedies. Clients together with credit score issues ought to look for credit advice. Subject to state regulations, qualification, credit check, underwriting and approval. Rates, terms and conditions apply

Client Guidance: Payday loans are generally designed as a temporary financial bridge that allows individuals to borrow a modest amount of money until their next paycheck arrives. This type of loan is often used as an immediate financial remedy for unforeseen expenses, especially for those lacking a financial cushion or significant savings. If you find yourself struggling to manage your finances and considering a payday loan, it's crucial to consult with a qualified financial advisor. It's also important to familiarize yourself with the specific payday loan laws in your jurisdiction.

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