A Quick Guide to Local Payday Loans in Chicago
Find the best local payday loans in Chicago using our handy guide. We’ve taken a closer look at some of the companies offering payday loans and the requirements they have. Before you commit to a payday loan, make sure you’ve done your research and are finding the best payday loan lender for you needs.
Cash Advance IMEA
Take out your Chicago payday loan with Cash Advance IMEA. Since 2004, the company has offered payday loans to Chicago residents, including military members. To qualify for a payday loan with Cash Advance IMEA, you must be 18 and make at least $500 per month. You need to provide a current checking account statement and a government-issued photo ID.
Cash Advance IMEA is located on South Dearborn Street and is open Monday through Sunday. When the time comes to repay your loan, Cash Advance sets up everything to be automatically withdrawn. It’s your responsibility to make sure you have the funds available. If you don’t, you will be subject to late fees.
Check Into Cash
Check Into Cash is open six days a week at South Kedzie. Take out a payday loan of up to $1,000 and have the cash in hand in just 15 minutes. You must provide proof of income, a bank statement, a photo ID, and your Social Security card. Fees depend on how much you borrow, but if you borrow $300, expect to pay about $46 in fees.
PLS Loan Store
PLS Loan Store offers both one-time payment and installment loans. One-time payment payday loans allow you to borrow as much as $1,000. With installment loans, you can borrow up to $5,000. For either loan, you need a photo ID, proof of income, current bank statement, and blank check.
Find PLS Loan Store on North Wabash, South Franklin, West Cermak, West Lake Street, West Roosevelt, and many other locations. A complete listing of offices is found on the PLS Loan Store website.
Speedy Cash is located on South Cottage Grove at the corner of 87th. They offer payday loans of up to $1,000 and installment loans of as much as $2,500. Fees vary depending on how much you borrow, but if you took out an installment loan with 12 months of payments and borrowed $500, you’d make 12 payments of $86, which is an APR of approximately 359 percent.
USA Payday Loans
USA Payday Loans offers title and payday loans in Chicago from Monday to Saturday. With offices on North Harlem, North Milwaukee Avenue, and South Cicero, you have three handy Chicago lenders. Look for money-saving offers like the interest-free payday loans for first-time customers.
With a payday loan from USA Payday Loans, you can borrow as much as $1,500 for a period of 180 days. Payments are made every two weeks. If you’re borrowing against Social Security income, you get to make payments monthly. To take out a loan, you need a government-issued photo ID, proof of income, a bank statement, a blank check, and your Social Security card.
No matter where you choose to get your Chicago payday loan from, be very careful when reading the fine print. Make sure you understand how much you are borrowing and how much you must repay. Also, pay close attention to when you must make the payments. This prevents you from missing payments and facing late fees or insufficient funds penalties.