Looking for a quick cash loan? Itchy Pet Loans can help. We give you access to one of the largest networks of lenders serving Joliet. All you have to do is fill out one simple and short quote form and you are on your way. Ready to begin?
Joliet Area Payday Loans
If you have never taken out a payday loan or cash advance, there are some things that you should know. You want to be informed so that you can make the right decision. While this might be the right loan for some, it might not be for you. Here is what you need to know first and foremost.
What Is A Payday Loan?
The term payday loan comes from the period in which the loan is to be repaid. These loans are designed to get consumers by until their next payday. Most loans are therefore due in 10 to 14 days. These are also low dollar loans with most borrowers taking only a few hundred dollars.
How Do You Qualify?
Luckily, qualifying for one of these loans is very easy. Credit requirements are very loose and if you can prove that you have a regular source of income, you can probably be approved. Most lenders are simply looking to see if you have the means to repay your loan. Many lenders do not even use the major credit bureaus.
Can I Apply In Person?
Sure, there are a lot of cash stores in Joliet where you can apply. There is one problem with that though. If you apply in person, you are simply applying with one lender and they might turn you down. If you fill out an online quote with Itchy Pet Loans, your information will potentially go to multiple lenders. This may make it easier and faster for you to get the approval that you need.
How Much Can I Get?
Illinois limits payday loans to $1000 or 25% of your gross monthly income. Just because you can get $1000 does not mean that you should take that much though. Remember, the more that you borrow, the more fees you will have to pay. If you can get by with just $500, for example, just take out that much.
Can I Get The Money Today?
It usually takes at least one business day to get your loan proceeds. You can get your approval in minutes though and once this is done your lender will get you your money just as soon as possible. In many cases, this is the next business day.
Can I Get More Time To Pay?
Most of the time, yes you can but be careful. This usually will involve a fee. You want to avoid constantly rolling over your loan as this could get you in a trap. You will pay far more for your Joliet loan if you keep doing this. Because of that, you should really only take out as much of a loan as you know that you can afford to pay back.
If you have any questions at all about loans in Joliet, please contact us. If you have taken out a loan and have questions, please contact your direct lender.