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ShortTermLoans.com is licensed to make loans to Illinois residents. If you reside
in a state other than Illinois, and submit a loan application
on our site, we will attempt to match you with a lender from our established network.
That lender will contact you regarding rates and terms.
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Q: What is a Payday Loan?
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A: Payday Loan is a short term cash advance that can help you cover bills, car
repairs, medical bills, or any other unexpected expense until your next payday.
Avoid costly bounced check fees and late payment charges with a Payday Loan from
Shorttermloans.com.
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Q: What if I have bad credit?
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A: At Shorttermloans.com bad credit will NOT prevent you from getting the fast cash
loan you need. Shorttermloans.com never performs a credit check.
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Q: How much can I receive?
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A:The maximum payday loan allowed by the State of Illinois is $1000.00 or 25% of
your monthly gross income, whichever is less. Your initial approval amount is based
on the information that you provide in your loan application. After successful repayment
of your payday loan, shorttermloans.com may increase the loan amount on future loans
up to the state limit.
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Q: How do I know that my loan has been approved?
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A: Shorttermloans.com believes in keeping our customers well informed. As soon as
you are approved for your payday loan, you will receive an email notification.
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Q: What is the payday loan fee?
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A: Click here to view Illinois Payday Loan
Fee Schedule.
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Q: When will my loan be due?
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A: Your payday loan will be due on your next payday that falls between 13 and 30
days. If you are paid monthly, and your next payday is greater than 30 days away,
your loan will be due in 30 days.
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Q: What is a “cooling off” period?
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A: The State of Illinois allows residents to have payday loans for up to 45 consecutive
days. If a new payday loan would put you over 45 consecutive days, you will be considered
ineligible until the 7th calendar day following the closing date of your last payday
loan. If you have any questions regarding your state payday loan eligibility please
call us at 1-877-556-2722 or email support@shorttermloans.com
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