Payday Cash Advance Illinois

Payday cash advance Illinois companies have a total of an estimated 547 locations throughout the state.

Cash advance lending provides loans that are short-term, small dollar amounts, typically with the debt paid back to the lender on the borrower's next payday.

A steady job and an active bank checking account are some of the central requirements for getting a cash advance in many of these companies.

However, a credit check is often not part of the process, meaning payday loans are available to many that have bad credit but a regular employment and income.

Payday loans are not intended to be used as long-term financial solutions, partly because of the high costs of borrowing, as measured by high annual percentage rates (APRs) of interest.

As is the case in many other states, the payday loan laws in Illinois regulate this industry very heavily, and you should get to know this legislation, to fully understand your rights as a consumer.

One good online destination to read more about the applicable laws and how they regulate payday lenders is the Illinois Attorney General’s official website.

You should also research alternatives to cash advance lending, including taking a salary advance from your employer, a cash advance from a credit card, and a small consumer loan from a local bank or a credit union.

Payday Loans in Illinois

Of the total estimated 547 payday lending locations in the state, Illinois has both regionally operating lenders as well as national franchises represented.

One of these companies is The Cash Store, which has been in business since 1996, and operates in 7 states: Idaho, Illinois, Michigan, New Mexico, Texas, Utah, Wisconsin, for a total of over 280 locations.

This Irving (Texas) based company has over 50 Cash Store locations throughout 45 cities in Illinois, with services ranging from payday loans (cash advances), installment loans, to title loans.

Another popular alternative is Advance America, the nation's largest payday lending operation (with a total of over 2,400 nationwide outlets).

In Illinois, you can use their bricks-and-mortar stores, and locate the closest to you using their "Store Finder" tool, available from the official website.

Or, alternatively, you can take advantage of their online payday loan application process, and apply for a payday loan in Illinois directly from your computer.

› Payday Cash Advance Illinois

Cash advances should be used for short-term financial needs only, not as a long-term financial solution.

| Terms & Conditions | Copyright 2012 ©