Welcome to myPaydayCashAdvanceLoans.com! Log in or Join the community.
Get Your Loan Now!
Choose your country or region:
Requested loan amount:
How soon do you need your loan?
Deposit Account Type?

Verisign
Macfee

Find Payday Loan Companies in Illinois

Governing law in state:
Illinois does not have any laws regulating cash advance practices. Payday loan companies are allowed to operate in the state. Borrowers are allowed to have two outstanding loans at a time. There is a 7-day cooling-off period following 45 loan days before a customer can request a new loan. Illinois allows check cash advance stores with a private right of action; however, lenders are prohibited from bringing a criminal action for collection purposes.

Maximum loan amount:
Borrowers can request a loan for up to $1,000 or 25 percent of his/her gross monthly income, whichever is lower.

Loan terms:
The loan term for a payday loan is 13 to 45 days.

Extensions:
Borrowers cannot rollover or extend their cash advance loans.

Fees and charges:
A payday loan business can charge a finance charge of $15.50 for a two-week loan in the amount of $100.

Fee schedules and APR:
The APR for a two-week loan valued at $100 loan is 403%.

Payday Companies

Find Payday Lenders Near Illinois

-- View More --

Popular Cities


Illinois Loan Statistics
2012 2011 2010
Average Loan602584601
Average Age363536
Pay Schedule
  Weekly16%13%14%
  Bi-Weekly62%63%62%
  Monthly11%10%11%
  Twice Per Month11%14%14%
Home Owner21%20%22%
Renter79%80%78%
What is the loan amount?