Payday Loans in Putnam, Illinois

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

Company nameAddressZip codePhone number
USA Payday Loans 15943 Harlem Ave, Tinley Park, IL 60477 +1 (708) 614 - 1175
Walmart Money Center 215 Grant Way, Du Quoin, IL 62832
EZ Case Loans - Pre Settlement Funding To The Injured 707 Lake Cook Rd Suite 250, Deerfield, IL 60015 +1 (847) 267 - 1250
Cash Store 119 W Park St, Taylorville, IL 62568 +1 (217) 824 - 8444
Urbana Municipal Employees CU 1606 N, Willow View Rd SUITE 1-O, Urbana, IL 61802 +1 (217) 337 - 0240
First American Cash Advance 10503 S Western Ave, Chicago, IL 60643 +1 (773) 233 - 7200
Bank & Trust Co 196 S Walnut St, Rochester, IL 62563 +1 (217) 498 - 9009
Courtesy Loans 411 Pulaski St, Lincoln, IL 62656 +1 (217) 735 - 4919
Mariner Finance 2516 State St, Alton, IL 62002 +1 (618) 466 - 2728
CEFCU ATM 12200 N Brentfield Dr, Dunlap, IL 61525 +1 (800) 542 - 3328

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Putnam, IL, you can try to find different companies in big cities near by. Check out the following pages here: Emergency Loan in Skokie, IL, Payday Loans in Springfield, IL, Payday Loans in Streamwood, IL, Emergency Loan in Tinley Park, IL, Payday Loan for Urbana, IL, Payday Loan for Waukegan, IL, Same Day Loans in Wheaton, IL and Payday Loans in Wheeling, 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 Putnam, IL.

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Are Payday Loans Legal In Putnam, 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

Putnam, IL payday loan calculator

Advise to read before applying

Understanding Payday Loans in Putnam, Illinois

Are you struggling with unexpected expenses and need quick cash in Putnam, Illinois? Then you might be considering a payday loan as an option. In this article, we’ll explain what payday loans are, how they work in Illinois, and how to get one.

What are Payday Loans?

Payday loans are short-term loans that offer quick cash to borrowers. They are generally due on the borrower’s next payday or within a few weeks. These loans are typically unsecured, meaning they don’t require collateral, and the borrower must provide proof of income and a bank account.

The loans can be used for various reasons, such as covering unexpected expenses, paying bills, or making ends meet until the next payday. However, they often come with high fees and interest rates that can become a financial burden for borrowers, leading them to fall into a cycle of debt.

Payday Loans in Illinois

In Illinois, payday loans are legal. The Illinois Department of Financial and Professional Regulation regulates payday lending in the state to protect consumers from predatory practices.

According to Illinois law, borrowers can take out loans up to $1,000 or 25% of their gross monthly income, whichever is less. The loan term must be between 13 to 120 days, and finance charges cannot exceed $15.50 per $100 borrowed.

While payday lending is legal in Illinois, it’s essential to understand the risks associated with these types of loans. Borrowers must be cautious about the fees and interest rates on payday loans and should only take them out when absolutely necessary.

How to Get a Payday Loan in Putnam, Illinois

If you live in Putnam, Illinois, and need a payday loan, there are licensed lenders available that you can work with. The application process typically involves the following steps:

  • Visit a licensed payday lender’s website or storefront location.
  • Fill out the application form, providing personal and employment information. Be prepared to provide proof of income and a bank account.
  • Review and sign the loan agreement.
  • Receive the loan funds. This could be via direct deposit to your bank account or a prepaid debit card.
  • Repay the loan on the due date, which is typically your next payday. The payment is typically withdrawn from your bank account automatically.

Before taking out a payday loan, be sure to review the lender’s terms and conditions carefully. You should also explore alternative options like personal loans, credit cards, or a paycheck advance from your employer.

Apply Now for a Payday Loan through TheGuaranteedLoans

If you’re considering a payday loan but don’t want to spend time searching for a lender, TheGuaranteedLoans can help. As a connecting service, we’ll connect you with potential lenders who can offer the loan that fits your needs.

We work with a network of licensed lenders who offer payday loans in Putnam, Illinois. Once you fill out our online application form, we’ll match you with lenders who meet your requirements. You can then review the loan offers and choose the one that best suits your needs.

Fill out our online application form today and receive an instant decision. Our service is fast, secure, and straightforward. We don’t charge any fees, and you’re not obligated to accept any loan offers.

Interesting Facts and Statistics about Payday Loans in Putnam, Illinois

  • According to the Pew Charitable Trusts, the average payday loan borrower takes out eight loans per year, spending around $520 on interest and fees.
  • The average payday loan amount in Illinois is $375.
  • Illinois has some of the most extensive payday loan regulations of any state in the US, which helps protect borrowers from high-interest rates and fees.

Now that you know more about payday loans in Putnam, Illinois, you can make informed decisions when considering this financial option. Remember to explore all of your options and proceed with caution when it comes to borrowing money.

Apply Now for a Payday Loan through TheGuaranteedLoans

If you’re interested in a payday loan, fill out our online application form today. Our connecting service will help match you with potential lenders who can offer the loan that fits your needs. Remember, we are a connector service, not a direct lender, and we don’t charge any fees for our service.

F.A.Q.

Are there any restrictions on how payday loans can be used in Putnam, Illinois?

Yes, payday loans in Putnam, Illinois must be used for immediate, short-term financial needs, and cannot be used to pay off other loans or debts.

What are the interest rates and fees associated with payday loans in Putnam, Illinois?

in Putnam, Illinois, payday lenders can charge an annual interest rate of up to 99%. In addition, lenders can charge origination fees, late fees, and non-sufficient funds fees.

Look for Short-Term Loans in Other Cities:

Addison Algonquin Arlington Heights Aurora Bartlett Belleville Berwyn Bloomington Bolingbrook Buffalo Grove Calumet City Carol Stream Carpentersville Champaign Chicago Chicago Heights Crystal Lake Danville Decatur Des Plaines Downers Grove Dundee Elgin Elk Grove Village Elmhurst Evanston Galesburg Glendale Heights Glenview Granite City Gurnee Hanover Park Hoffman Estates Joliet Lombard Moline Mount Prospect Mundelein Naperville North Chicago Northbrook Oak Lawn Oak Park Orland Park Oswego Palatine Park Ridge Pekin Peoria Plainfield Quincy Rock Island Rockford Romeoville Schaumburg Skokie Springfield Streamwood Tinley Park Urbana Waukegan Wheaton Wheeling Woodridge
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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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