Payday Loans in Venice, Illinois

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

Company nameAddressZip codePhone number
Advance America 901 W Morton Ave #21, Jacksonville, IL 62650 +1 (217) 243 - 9711
Walmart Money Center 1540 N Worthey St, Flora, IL 62839 +1 (618) 662 - 4491
Midwest Bank 200 SE 13th Ave, Aledo, IL 61231 +1 (309) 582 - 5365
Raymond James Financial Services 805 W Jackson St 305, Morton, IL 61550 +1 (309) 263 - 9300
Walmart Money Center 2591 12th St, Carlyle, IL 62231 +1 (618) 594 - 2465
First Financial Bank 216 S 4th St, Watseka, IL 60970 +1 (815) 432 - 3977
World Finance 5301 IL-251 Ste C, Peru, IL 61354 +1 (815) 223 - 2240
First Pekin Savings Bank 532 Court St, Pekin, IL 61554 +1 (309) 347 - 3106
AmeriCash Loans 2107 Sheridan Rd C, Zion, IL 60099 +1 (847) 872 - 9777
Heartland Bank and Trust Company 333 S Main St, Farmer City, IL 61842 +1 (309) 928 - 2161

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Venice, IL, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Elmhurst, IL, Bad Credit Loans in Evanston, IL, Emergency Loan in Galesburg, IL, No Credit Check Loans in Glendale Heights, IL, Payday Loans in Glenview, IL, Emergency Loan in Gurnee, IL, Quick Loan in Hanover Park, IL and Payday Loans in Hoffman Estates, 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 Venice, IL.

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

62090

Are Payday Loans Legal In Venice, 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

Venice, IL payday loan calculator

Payday Loans in Venice, Illinois

Life can be unpredictable, and unexpected expenses can occur at any moment. In Venice, Illinois, payday loans are a legal option for residents to get access to quick cash to cover these expenses. However, it is important to understand the terms and conditions of payday loans before signing up for one.

What Are Payday Loans?

Payday loans are short-term loans offered by lenders for those who need access to money quickly. These loans are usually due on the borrower’s next paycheck and typically carry high-interest rates. Payday loans can be a useful option for those who have poor or no credit, as they do not usually require a credit check.

How Do Payday Loans Work?

Payday loans work by providing borrowers with quick cash in exchange for the borrower’s promise to repay the loan on their next paycheck. To apply for a payday loan, borrowers can visit a lender’s physical location, or fill out an application online. Typically, lenders will ask for proof of income and identification.

After being approved for a payday loan, the borrower will receive the loan amount directly into their bank account. This amount will be due back (along with interest) on the borrower’s next payday.

What Are the Fees and Interest Rates Associated with Payday Loans?

The fees and interest rates associated with payday loans can be high. In the state of Illinois, the maximum amount a borrower can receive in a payday loan is $1,000 or 25% of the borrower’s gross monthly income, whichever is less. The interest rate on the loan cannot exceed 15.5% for every $100 borrowed.

In addition to interest, lenders may also charge fees for things like loan origination, late payments, or non-sufficient funds (NSF) fees if a borrower’s payment bounces. These fees can quickly add up, making it even more difficult for borrowers to pay back their loans on time.

What Are the Risks Associated with Payday Loans?

While payday loans can be a useful option in times of financial need, they also come with risks. The high-interest rates and fees can make it challenging for borrowers to pay back their loans on time, potentially leading them into a cycle of debt.

In addition, since payday loans do not usually require a credit check, they can be a tempting option for those with poor or no credit. However, this lack of a credit check may also mean that lenders are doing less to ensure that borrowers can repay their loans.

Interesting Facts and Statistics about Payday Loans in Venice, Illinois

  • In 2018, 851,601 payday loans were taken out in Illinois, with the average loan amount being $365
  • The majority of borrowers in Illinois take out payday loans to cover regular living expenses, such as rent, utilities, and food
  • Illinois has some of the strictest regulations for payday loans in the country, with lenders required to be licensed and bonded with the state

Apply Now

Are you considering a payday loan in Venice, Illinois? TheGuaranteedLoans can help connect you with potential lenders. Simply fill out our online application, and we’ll do the work of finding lenders who may be able to provide you with the money you need. Remember, we are a connector service, not a direct lender. Please make sure to read the terms and conditions of any loan you are looking to take out, and make sure that you can afford to pay it back on time.

Apply now for a payday loan in Venice, Illinois with TheGuaranteedLoans.

F.A.Q.

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

Yes, you can still qualify for a payday loan in Venice, 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 Venice, Illinois?

Yes, you can still qualify for a payday loan in Venice, 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.