Payday Loans in Pierron, Illinois

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

Company nameAddressZip codePhone number
Check 'n Go 511 E Norris Dr, Ottawa, IL 61350 +1 (815) 431 - 9999
White & Associates 1122 Vandalia Rd, Hillsboro, IL 62049 +1 (217) 532 - 2653
Mokena Currency Exchange 19137 Wolf Rd 3, Mokena, IL 60448 +1 (708) 326 - 3038
Us Bank 1234 S Park Blvd, Freeport, IL 61032 +1 (815) 235 - 8551
Tompkins State Bank 695 Knox Hwy 10, Galesburg, IL 61401 +1 (309) 289 - 5541
Walmart Money Center 4105 N Vermilion St, Danville, IL 61834
Solutions Bank - Poplar Grove State 109 N State St, Poplar Grove, IL 61065 +1 (815) 765 - 3333
Ipava State Bank 1203 S Main St A, Lewistown, IL 61542 +1 (309) 547 - 2064
American Cash N Go 1254 W Galena Ave, Freeport, IL 61032 +1 (815) 235 - 4250
Brookdale Orland Park 16051 South La Grange Road, Orland Park, IL 60467 +1 (708) 403 - 2001

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Pierron, IL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Calumet City, IL, Payday Loans in Carol Stream, IL, Payday Loans in Carpentersville, IL, Payday Loans in Champaign, IL, Online Loans in Chicago, IL, Payday Loans in Chicago Heights, IL, 24-Hour Loan in Crystal Lake, IL and Online Loans in Danville, 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 Pierron, IL.

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

62273

Are Payday Loans Legal In Pierron, 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

Pierron, IL payday loan calculator

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

If you are considering a payday loan in Pierron, Illinois, it’s important to understand the basics of these loans, their regulations in Illinois, and what to look for in a lender. Payday loans can be a valuable tool for people who need quick access to cash, but they can also be risky if not used responsibly.

What Are Payday Loans?

Payday loans are short-term loans that are typically due on your next payday. They are designed to help you get quick cash to cover unexpected expenses, such as car repairs or medical bills. Payday loans are usually small amounts of money, usually between $100 and $1000, and have very high interest rates.

Regulations in Illinois

Payday loans are legal in Illinois, but the state has strict regulations on these loans to protect consumers. Here are some of the key regulations:

  • Loan amount cannot be more than $1,000 or 25% of the borrower’s gross monthly income, whichever is less.
  • The loan term must be between 13 and 45 days.
  • The APR (annual percentage rate) cannot exceed 400%.
  • Borrowers may only have two outstanding payday loans at a time.
  • Lenders must provide borrowers with a written agreement that includes all fees and terms.

Choosing a Lender

When choosing a lender for a payday loan in Pierron, Illinois, it’s important to do your research. Look for a lender that is licensed in Illinois and has a good reputation for transparency and fairness. Here are some important factors to consider:

  • The lender’s fees and interest rates
  • The lender’s customer service and support
  • The lender’s reputation and reviews
  • The lender’s privacy and security policies

Interesting Facts About Payday Loans in Pierron, Illinois

  • Illinois has some of the strongest regulations on payday loans in the country.
  • The average payday loan amount in Illinois is $375.
  • Illinois has a database that tracks payday loans to help prevent borrowers from taking out multiple loans at once.
  • About 75% of payday loans in Illinois are issued to borrowers who take out multiple loans in a row.

Apply Now

If you’re in need of a payday loan in Pierron, Illinois, TheGuaranteedLoans can help connect you with potential lenders. Simply fill out our online application form and we will match you with lenders who may be able to offer you a loan that meets your needs. Please note that TheGuaranteedLoans is not a direct lender, but a connector service that facilitates connections between borrowers and lenders.

Remember, payday loans should only be used as a last resort and should be repaid as soon as possible to avoid high interest rates and fees.

In Conclusion

Payday loans can be a useful tool for people who need quick cash in Pierron, Illinois, but they should be used responsibly and with caution. Make sure to understand the regulations in Illinois and choose a lender who is reputable and transparent. And if you need help finding a lender, TheGuaranteedLoans is here to help you connect with potential lenders who may be able to offer you a loan that meets your needs.

F.A.Q.

Can payday lenders in Pierron, Illinois operate without a license?

No, all payday lenders in Pierron, Illinois must be licensed by the state in order to operate. Borrowers can check the Illinois Department of Financial and Professional Regulation's website to verify that a lender is licensed before taking out a loan.

Is there a maximum number of payday loans that a borrower can take out in Pierron, Illinois?

Yes, Illinois law limits borrowers to taking out a maximum of two payday loans at any one time. Borrowers must also wait at least seven days between taking out consecutive payday loans.