Payday Loans in Greenville, Illinois
Things happen, and we often end up in a place where we have to cover some surprise costs. Consider applying for a cash advance loan in Greenville, Illinois, to see if you qualify.
The loan application process is swift and simple. To be eligible, loan borrowers have to satisfy a few basic requirements.
What is a Cash Advance Loan? What Can It Be Put Towards?
A paycheck advance loan is where the borrower will receive a small sum of money on a short-term contract. This is deemed to be an unsecured loan as no collateral is needed.
When unexpected costs present themselves, like missed rent or utility costs, vehicle fixes, health or vet expenditures, and so on, people commonly turn to paycheck advance loans.
Paycheck Advance Loan Stipulations In Greenville, Illinois
In Greenville, IL, cash advance loan borrowers are required to meet a few criteria to qualify for a loan.
The borrower is required to:
- Show proof that they live in Greenville, Illinois
- Must be 18 years of age
- Have a steady stream of income that they can provide proof of being at least $1,000/month
- Provide up-to-date contact information like cell phone number and email address
- Provide their social security number
If a borrower does not meet the above requirements, they will immediately be denied a cash advance loan. Make sure you possess the documentation required when applying.
Laws and Rules Regarding Payday Loans in Greenville, Illinois
Illinois has ruled paycheck advance lending legal. Still, they have put forth the following rules and regulations for the cash advance lending market:
- A single lender cannot offer a loan in excess of $600. Borrowers may not have greater than two active loans from different lenders. There is no minimum loan amount.
- The minimum loan term is not determined, the longest loan term length is 31 days. In Illinois, borrowers cannot rollover their loans.
- The fees and charges are different for each lender. The service costs enacted by lenders on a cash advance loan are not considered interest. The service fees apply to each $100 loaned and can vary between 11-15%.
- An interest rate must be mutually decided upon. APR can be as high as 369%.
Will Payday Lenders in Greenville, IL, Perform Credit Checks? What If I Have Dismal/No Credit History At All?
Yes, the lenders we partner with will complete a credit check on you, but, even if you have no credit or less than optimal credit, you may still be eligible for a loan provided you can show that you can repay the loan. Lenders are generally unconcerned about your credit history if you possess proof of income and a plan to pay back the loan.
Lenders will rely on a soft credit pull, which will have no impact on your credit score. This is simply to get an idea of your credit history and general information.
A hard credit inquiry, alternatively, requires your permission. These credit inquiries are performed for a plethora of purposes, such as mortgages, credit card applications, and more.
You may still be approved for a cash advance loan with less than great credit in Greenville, Illinois, as long as you have proof of repayment.
So, when you apply, whether it is in person or online, ensure that you have your income information easily accessible and any other documents proving that you can pay back the loan. The more evidence you provide, the more likely your loan application will be approved.
When Will I See My Cash in Greenville, IL?
When you receive your money truly depends on the lender as some lenders advertise same-day paycheck advance loans, which means you will get your payday advance loan on the same day you submit your application, as long as you get an approval.
Much of the time, however, lenders will give the borrower their lump sum on the next business day. Businesses typically close for holidays and weekends. So, if you submit your application on a Friday, you might not see your deposit until Monday.
If you're searching for a same-day payday advance loan in Greenville, Illinois, you will need to be sure that you're applying by 10:30 am. Any and all same-day funds going out that day will be approved by that cut-off. However, you should apply earlier than that if able, as it will increase the likelihood that you see your deposit on the same day that you submit your application.
One more consideration that you should be aware of is despite if the lender grants your loan request and posts the funds to your bank, occasionally the bank won't release that deposit immediately. It's paramount that you let your bank know that you plan to get a payday loan, so they could possibly make an exception in releasing the cash earlier.
Overall, it's best to prepare in advance to get your funds on the following business day. That way, you're not out of luck if you cannot get it on the same day.
Think About Borrowing From Us
If you have underwhelming credit or no credit and are looking to secure a cash advance loan, think about applying with us, as you most likely have a better chance of approval.
We work with over one hundred different lenders who offer their services online. Much of the time you will see your deposit on the following business day so ensure that you plan appropriately.
However, you can always find the nearest paycheck advance loan storefront to you and apply in person to increase the chances of getting your loan on the same day. When applying in person, make sure that you have your government ID or driver's license; a passport will work as well. Sometimes, lenders may request proof of address, so take along a utility bill to the store as well.
To locate the nearest cash advance loan store, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in Greenville, IL
Below you will find a list of payday loan companies offering their services in Greenville, Illinois. If you can't find a lender near your location in Greenville, consider applying in a nearby city in Illinois. Alternatively, you can apply online on our website and get a decision almost instantly.
If you can't find a lender near your location in Greenville, consider checking out payday loan lenders in nearby cities. Alternatively, apply online on our website and get an instant decision. If approved, you will get your cash the same or next business day.