Payday Loans in Russell, Illinois

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

Company nameAddressZip codePhone number
Oportun 1647 W 47th St, Chicago, IL 60609 +1 (312) 300 - 7161
Morton Private Wealth Strategies, Inc. 524 W State St, Geneva, IL 60134 +1 (630) 448 - 4000
Advance America 2420 E Washington St, East Peoria, IL 61611 +1 (309) 694 - 1487
World Finance 1201 E 5th St Ste C, Metropolis, IL 62960 +1 (618) 524 - 5796
Pontiac Dwight Prison Empl CU 700 W Lincoln Ave, Pontiac, IL 61764 +1 (815) 844 - 7491
PLS CHECK CASHERS 5947 W Roosevelt Rd, Cicero, IL 60804 +1 (708) 580 - 4267
Peoples State Bank 200 Mattes Ave, Vandalia, IL 62471
Walmart Supercenter 1455 E Lake Cook Rd, Wheeling, IL 60090 +1 (847) 537 - 5090
Personal Finance Company 802 W Morton Ave, Jacksonville, IL 62650 +1 (217) 291 - 0077
Southern Bank 358 S Main St, Anna, IL 62906 +1 (618) 833 - 8595

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Russell, IL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Oak Park, IL, Quick Loan in Orland Park, IL, Payday Loan Without a Credit Check in Oswego, IL, Payday Loans in Palatine, IL, Payday Loan Without a Credit Check in Park Ridge, IL, Payday Loan Without a Credit Check in Pekin, IL, Guaranteed Loans in Peoria, IL and Same Day Loans in Plainfield, 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 Russell, IL.

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

60075

Are Payday Loans Legal In Russell, 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

Russell, IL payday loan calculator

Welcome to TheGuaranteedLoans, your trusted financial resource for all things related to payday loans and title loans. Today, we’re focusing on payday loans in Russell, Illinois, a popular option for those in need of quick cash. In this article, we’ll explore the ins and outs of payday loans, discussing their legality in Illinois, the application process, and how TheGuaranteedLoans can help connect you with potential lenders. So, without further ado, let’s dive in!

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

Payday loans are short-term loans that are typically due on the borrower’s next payday. These loans are designed to provide quick cash to those who need it most, usually with few requirements and a relatively easy application process. While payday loans can be a helpful resource in times of need, it’s important to understand the implications of borrowing money and how payday loans work in Russell, Illinois.

Payday Loans are Legal in Illinois

First and foremost, it’s important to note that payday loans are legal in the state of Illinois. This means that residents of Russell and the surrounding areas can take advantage of payday loans as a financial resource if they find themselves in need of quick cash. However, it’s important to be cautious when obtaining a payday loan, as the interest rates can be high and loan terms can be confusing.

The Application Process

The process for obtaining a payday loan in Russell is relatively simple. First, the borrower must meet a few requirements, such as having a valid ID, proof of income, and an active bank account. Then, the borrower can fill out an application either in person or online. After the application is submitted, the lender will review the borrower’s information and determine whether or not to approve the loan.

The Risks of Payday Loans

While payday loans can be helpful in times of need, it’s important to be aware of the risks. One of the biggest risks associated with payday loans is the high interest rates. In many cases, the interest rate for a payday loan can be upwards of 400%. This means that borrowers may end up paying more than they borrow in the long run. Additionally, payday loans can be easy to get trapped in, as borrowers may find themselves unable to pay off the loan and end up taking out additional loans to pay off the original debt.

Facts and Statistics About Payday Loans in Russell, Illinois

  • The maximum amount a borrower can receive in a payday loan in Illinois is $1,000 or 25% of the borrower’s gross monthly income, whichever is less.
  • In 2019, there were 2.5 million payday loans issued in Illinois, totaling more than $1 billion.
  • The average interest rate for a payday loan in Illinois is 404%.

Apply Now with TheGuaranteedLoans

If you’re interested in obtaining a payday loan in Russell, Illinois, TheGuaranteedLoans can help connect you with potential lenders. As a connector service, we work with a network of trusted lenders to help you find the right loan option for your needs. To get started, simply fill out our online application. Remember, TheGuaranteedLoans is not a direct lender, but rather a facilitator that can help you find the right loan option for your unique needs.

In Conclusion

Payday loans can be a helpful resource in times of need, but it’s important to understand the application process, risks, and potential benefits before obtaining a loan. If you’re considering a payday loan in Russell, Illinois, be sure to do your research and make an informed decision. And remember, TheGuaranteedLoans is here to help connect you with potential lenders and provide the resources you need to make the best financial decisions for your situation.

F.A.Q.

Can I get a payday loan if I am on unemployment in Russell, Illinois?

Yes, you can still qualify for a payday loan in Russell, Illinois if you are on unemployment. Lenders may require proof of income, such as unemployment benefits, to determine loan eligibility.

Can I get a payday loan if I am on Social Security in Russell, Illinois?

Yes, you can still qualify for a payday loan in Russell, Illinois if you are receiving Social Security benefits. Lenders may require proof of income, such as a Social Security award letter, to determine loan eligibility.