FAQ - Illinois

About USA Payday Loans in Illinois Questions …Wisconsin Residents Click Here

Questions & Answers

 

Where is USA Payday Loan located in Illinois?

USA Payday Loan has 4 locations in Southwestern Illinois in Quincy, Granite City, Fairview Heights and Alton. You can use the store locator in this website to find the location nearest you.

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What services does USA Payday Loan offer?

USA Payday Loan locations in Illinois offer payday loans, installment loans and title loans.

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Why choose USA Payday Loan?

We are open extended hours, flexible, and willing to work with you to meet your financial service needs! We can handle your short term and your longer term financial needs. USA Payday Loan in Illinois is licensed and audited by the state of Illinois so you can be confident that our practices are fair and responsible. USA Payday Loan is a member of the ISLA, Illinois Small Loan Association and abides by the best practices set up by the association.

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Payday Loans in Illinois Questions

Questions & Answers

 

What are payday loans?

A payday loan is a short-term loan where you can qualify to receive cash immediately based on your next anticipated paycheck. USA Payday Loan offers first time customer their first loans interest free up to $350.00.

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How does a payday loan work?

To receive a payday loan, all you need to do is complete a simple application. In less than 10 minutes, we will have your approval. Once you are approved, you will get cash in your hands! On your due date or before, you can pay off your loan in cash at the office or we will deposit it. Payday loans are simple interest (daily) so if you pay off early, you can save on your interest cost!

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What do I need to qualify for a payday loan?

To qualify for a payday loan, you will need to have an open checking or savings account, proof of steady income, government issued identification, and not be an active member, or a dependent of an active member, of the armed forces.

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What do I need to apply for a payday loan?

To apply for a payday loan, please bring in your most recent bank statement, current pay stub, imprinted personal check if you have a checking account and government issued identification.

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What amount of cash can I borrow on a payday loan?

USA Payday Loan Locations in Illinois issue payday loans from $50.00 to $864.00. There are several factors that need to be considered to determine what a person can borrow.

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When will my payday loan be due?

Your loan will be due in 14 days. If you are retired or on SSI, then your loan may be set up on a 30 day schedule. Restrictions apply.

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What are the fees on a payday loan?

Your first payday loan is interest free and there is no set up fee! If we advance you $250 on your first visit, your payoff in two weeks is $250 for that transaction. Fees will apply on your second advance and thereafter. The maximum interest free loan is $350.00.

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How do I repay my payday loan?

You can repay your payday loan in two ways. You can bring cash for the amount of the loan to the location that you received your payday loan or we can deposit your check and it will go through the banking system.

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What are the benefits of paying off in cash?

There are benefits to returning to the location with cash:

  • If you choose to pay in cash, we do not submit the payment to the bank. It does not enter the banking system and has no chance of bouncing, which would jeopardize your good standing with us, potentially your standing with your bank, and cost you fees from your bank
  • Once your payday loan is paid in full, you may receive another payday loan. If we submit the payment to the bank, we cannot give you another payday loan until it has cleared your bank account, which could take as long as one week.

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If my bank returns my payment unpaid, will there be a fee?

USA Payday Loan charges a $25 fee on returned items used for a payday loan transaction. It is likely your bank will also charge you a fee.

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What if I cannot pay my loan when it is due?

USA Payday Loan understands it is your intention to pay off your payday loan when it is due. Please call the branch where you received your payday loan and speak with the manager if issues arise.

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What if I wish to cancel my payday loan after I borrowed the cash?

You may cancel, or rescind, your loan at no cost with 24 hours of receiving the payday loan. To do so, please visit the branch where you received your payday loan.

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I just started a job, but I haven’t gotten my first check. Can I still get a loan if I don’t have a pay stub yet?

In order to get a loan, we require your most recent pay stub and for you to have been working at your job for at least 90 days.

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Payday / Installment Loans in Illinois Questions

Questions & Answers

 

What are Payday / installment loans?

Payday / Installment loans are for longer term financial needs. You pay your loan back over time making payments. Your payments can be set up for as short as 8 bi-weekly or as long as 12 bi-weekly payments to get the payment that fits your budget. We also have monthly payment plans. You can pay off the loan at any time. There are no pre-pay penalties or fees.

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How does a Payday / Installment loan work?

To receive a Payday / Installment loan, all you need to do is complete a simple application. In less than 10 minutes, we will have your approval. Once you are approved, you will get cash in your hands!

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What do I need to qualify for a Payday / Installment loan?

To qualify for an Payday / Installment loan, you will need to have an open checking or savings account, proof of steady income, government issued identification, and not be an active member, or a dependent of an active member, of the armed forces.

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What do I need to apply for an Payday / Installment loan?

To apply for a Payday / Installment loan, please bring in your most recent bank statement, current pay stub, imprinted personal check if you have a checking account and government issued identification.

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What amount of cash can I borrow on a Payday / Installment loan?

USA Payday Loan locations in Illinois issues Payday / Installment loans from $500.00 to $1500.00. There are several factors that need to be considered to determine what a person can borrow.

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What are the fees on an Payday / Installment loan?

The fees will vary depending on the amount financed and length of time on the loan. Contact the nearest branch to you for more details.

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How do I make my payments on a Payday / Installment loan?

You can make your payments in cash or have us submit payment from your checking or savings account.

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If my bank returns my payment unpaid, will there be a fee?

USA Payday Loan charges a $25 fee on returned items. It is likely your bank will also charge you a fee.

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What if I cannot pay my loan when it is due?

USA Payday Loan understands it is your intention to pay your payments when they become due. Please call the branch where you received your Payday / Installment loan and speak with the manager if issues arise.

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I just started a job, but I haven’t gotten my first check. Can I still get a loan if I don’t have a pay stub yet?

In order to get a loan, we require your most recent pay stub and for you to have been working at your job for at least 90 days.

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Auto / Car Title Loans in Illinois Questions

Questions & Answers

 

What are title loans?

At USA Payday Loan a title loan is simply an installment loan that you secure with the title to your vehicle. The loan is set up on 24 months to keep your payments low but you can pay off the loan at any time and only pay interest for the time used. There are no pre-pay penalties or fees!

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How does a title loan work?

To receive a title loan, you go the office of your choice with your car and the title for your car. You complete a simple application and fill out a few forms. In less than 20 minutes, we will have your approval. Once you are approved, you will get cash in your hands!

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What do I need to qualify for a title loan?

To qualify for a title loan, you will need to bring proof of steady income, government issued identification, and not be an active member, or a dependent of an active member, of the armed forces. Bring in the car with the title of the car and your bank information if you have a bank account. We will hold the title, you keep the car. It’s that simple.

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What amount of cash can I borrow on a title loan?

USA Payday Loan locations in Illinois issues title loans from $500.00 to $4000.00. There are several factors that need to be considered to determine what a person can borrow. Contact the nearest branch to you for more details.

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What are the fees on a title loan?

The fees will vary depending on the amount financed and length of time on the loan. Contact the nearest branch to you for more details.

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How do I make my payments on a title loan?

You can make your payments in cash or if you have a checking / savings account you can have us submit payment to your account.

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If my bank returns my payment unpaid, will there be a fee?

USA Payday Loan charges a $25 fee on returned items. It is likely your bank will also charge you a fee.

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What if I cannot pay my loan when it is due?

USA Payday Loan understands it is your intention to pay your payments when they become due. USA Payday Loan is not in the automotive business and does not want your car. We will do everything in our power to keep you in your car. Please call the branch where you received your title loan and speak with the manager if issues arise.

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