The city of Chicago is one of the largest cities on the shore of Lake Michigan in Illinois. Chicago has a reputation for citizens who know how to work hard and play hard. People visit Chicago to enjoy the amazing waterfront district, huge park systems and of course, get an authentic deep dish.
When financial difficulties strike, payday loans are a good option in Chicago as they are limited to 15% of your gross monthly income in Illinois so you can’t end up having to repay more than you can afford.
Illinois Pay Day Loan Laws
Maximum Loan Amount: $1000 or 15% of your gross monthly income.
Maximum Finance Rate: $15.50 for every $100 borrowed.
Annual Percentage Rate For 14 Day $100 Loan: 403%
Minimum Payoff Time: 13-45 days.
Extensions Allowed: None. If you default on the loan you can use a repayment plan.
Top Chicago Payday Loan Companies
CashNetUSA
200 West Jackson Boulevard, Chicago, IL
(312) 568-4200
cashnetusa.com
Cash Net USA has been providing bad credit and no credit check loans to Chicago residents for 20 years now. This is a well known and popular company that works with people from all walks of life.
Illinois Lending Corporation
408 North Wells Street, Chicago, IL
(312) 832-1800
illinoislendingcorp.com
The Illinois Lending Corporation is a privately owned payday loan outfit based in Chicago with a few stores around the state. They have a well made site with a lot of IL specific information on it.
Pay Day Loan Store
154 North Wabash Avenue, Chicago, Illinois
(312) 377-2930
plsfinancial.com
The Pay Day Loan Store has offices around the US and is a very popular choice for those who have been turned down by their bank for short-term loan solutions. They don’t do credit checks and their website is part of the PLS network which is very straightforward and easy to use.
Cash Advance Chicago
807 West Van Buren Street, Chicago, IL
(312) 252-1799
cashadvance-chicago.com
Cash Advance Chicago focuses on a few services. Payday loans, money transfers and check cashing are the three primary ones. You can get a payday loan here and have money within an hour in most cases.
First Cash Advance
1238 N Ashland Ave, Chicago, IL
(773) 235-5500
firstcashchicago.com
First Cash Advance is a well respected company located on Ashland in the heart of Chicago. This company frequently approves small payday loans for those on fixed income such as SSI and retirement benefits. They are a community based lender with close ties to local organizations.
