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Illinois Cash Advance

The cash advance loan business in Illinois is changing, and for the better. In the past decade, a number of new laws have been put on the books to help protect Illinois check cashing loan borrowers. Despite these new regulations, the industry is thriving. The business has been growing steadily over the past few years, regardless of the increased regulations. If you desire an Illinois cash advance in the most efficient way possible, the first step is filling out our easy-to-use, secure online application.

Laws In Illinois Regarding Cash Advances

Cash advance lending, despite recent legal restrictions placed upon the industry, remains legal in the state of Illinois. As a means to deter the less honorable money-lending institutions from defrauding their customers, Governor Rod Blagojevich declared his backing of the new cash advance legislation to regulate the Illinois cash advance industry. A few of these laws are:

  • Lenders are not allowed to charge more than $15.50 in interest for each $100 loaned.

  • Cash advance borrowers are not permitted to borrow more than one loan at a time

  • Borrowers must repay the loan within 45 days. At the conclusion of the 45-day period, a one-week rest period is imposed upon the borrower. During this rest period, no further loans can be sought.

  • Military personnel are offered additional protections. Wage garnishment and contact with the Commanding Officer of the borrower is forbidden. In addition, the collection period for the loan is extended while the borrower is deployed. This was enacted after it was found that lenders were targeting military families.

In the past, there were no laws restricting the maximum chargeable interest, and the industry was growing rapidly. While the new laws are expected to slow growth considerably, the cash advance lending industry is still expected to grow reasonably well.

Sometimes, even the most conservative spenders among us get a little behind. If you live in Illinois and find yourself strapped for cash, we can help you. can help you get the cash you need, without the hassle of having to explain to family or friends why you need it. Using an Illinois cash advance from our company will allow you to pay your bills on time, and often avoid late fees, over-limit fees, and of course the increased interest rates of credit cards that rise dramatically if you're late on a payment. Why wait to pay something that you can pay today?

You can get an Illinois cash advance, using your next paycheck as collateral. You can use the money for absolutely anything; there are no limits. We don't even inquire as to your need or desire for the money. We trust that you know what you're doing. Of course, it isn't just Illinois residents that qualify for cash advances; every US resident can get the same great service, just by filling out our secure, simple online application.

We can help you break the habit of living from paycheck to paycheck. You can get a cash advance, and use it to pay all your current bills on time. Perhaps you can even get ahead on them. You can avoid late fees on credit cards and personal loans, even lines of credit if you use our services wisely. On many lines of credit, after all, any interest that is "same as cash" for a certain number of months can be charged back to you if you are late on even one payment.

The process couldn't be easier. Just go to and use our easy online application. It will allow you to apply for our cash advance offers. We provide the speed you need, and the security and service you want, all with instant online approval. We maintain your confidentiality. Come see how an Illinois cash advance can be the answer to many of your worries about financial freedom.

As of this moment, Illinois has no law on the books governing the cash advance industry. Earlier, in 1999, two laws were introduced for debate in the statehouse, designed to limit the scope of cash advance lending practices. These bills, proposed by Senator Patrick O'Malley, were called SB 1275. These stated that Illinois cash advance businesses would be required to inform their customers of their loan rates and that their borrowers would be allowed to make installment payments on their loans. This same bill was designed to limit the locations where more "vulnerable" clientele is located. These locations were places such as schools, college campuses, casinos, or racetracks. These bills died before they could come to pass because of extensive lobbying by the cash advance industry.

There are thirteen states that have no laws designed to regulate the cash advance business. Illinois is one of the thirteen. In all other states, and two U.S. territories, there is a maximum limit placed upon the amount of interest that lenders can charge for their services. In eleven states, there are laws in place that prevent lenders from rolling loans over past their due date.

Illinois charges an APR of 521% for cash advances, and customers can refinance or rollover as many times as they like. Lenders may grant extensions as many times as they like, as well.

The Unemployment Statistics Of Illinois Are As Follows:

  • As of January 2006, the unemployment rate was 5.8 percent.

  • Just one year earlier, the rate was 6.4 percent.

  • The highest unemployment rate in the last 10 years was 7 percent.

  • As of January 2006, approximately 371,593 people were unemployed within Illinois.

Illinois Cash Advance - Cities

Arlington Heights Cicero Joliet Peoria
Aurora Crystal Lake Lombard Quincy
Belleville Decatur Moline Rock Island
Berwyn Des Plaines Mount Prospect Rockford
Bloomington Downers Grove Naperville Schaumburg
Bolingbrook Elgin Normal Skokie
Buffalo Grove Elmhurst Oak Lawn Springfield
Carol Stream Evanston Oak Park Tinley Park
Champaign Glenview Orland Park Waukegan
Chicago Hoffman Estates Palatine Wheaton