BridgePayDay Loan, Inc.

Fast and Secure Payday Loans
Apply Now for quick cash

Bridge PayDay Loan Is Here To Help

Getting payday loans in Illinois

What is a Payday Loan?  

A payday loan or payday advance is a small financial loan; typically up to $1000, that can be used to help resolve short term financial emergencies. Payday loans can be an excellent short term source of emergency funds, but the loan needs to be repaid when you get your next paycheck.  The loan payment date will be clearly spelled out in the signed loan agreement.  

What is the APR?

We are not the lender. Only your lender can provide you with information about your specific loan terms and APR and the implications for non-payment of your loan. The terms of the loan will be clearly spelled out in your loan agreement, please review the loan agreement and related documents before signing.  If you do not find the terms of the loan acceptable, you can refuse to sign the loan agreement.  You are under no obligation until you sign the loan agreement. Ask your lender for their current rates and charges and their policies for non-payment.

Our lenders may offer you a loan with an APR between: 200% and 2281%. Loans on the lower end of the APR range may be for a larger loan amount and for a longer term. Loans on the higher end of the APR range may be for a smaller loan amount and for a shorter term. Depending on your credit needs and desire to pay your loan off quickly, your lender may only offer you loans with an APR near the high end of the range displayed.  

What if I don't pay (implication of non & late payment)?

If you do not pay your loan according to its terms, your lender may: 
-Charge you late fees
-Send your account to a collection agency
-Report your information to a consumer reporting agency, which may negatively affect your credit score
-Offer to renew, extend or refinance your loan, which may cause you to incur additional fees, charges and interest

More on payday loans in Illinois

Getting payday loans in Illinois is relatively straightforward.  All a person has to do is fill out an application over the internet, send it in, sign the loan documents, withdraw the money from the bank and then repay the loan within the time period specified on the contract.  However, there are some important things that one should know about taking out a payday loan.  The following information will help one to choose the right lender and be prepared to handle questions regarding employment and past payday loans.

Choosing the Right Company

Many payday loans companies have websites with free no obligation applications forms.  However, not all online payday loans websites are genuine. Look up the company on-line and ensure they are a legit organization.  A bona fide company will have a physical address and phone number.  

It is also important to check the lender's terms and conditions.  According to Illinois law, one cannot borrow more than $1,000 or 25% of his or her income, whichever is less.  The interest rate varies from lender to lender, however lenders can not charge over the maximum rate allowed.   You will want to research the latest maximum rates, as payday loan laws continue to change.  Look for a lender that offers a reasonable interest rate and allows the loan to be paid back over a one month period.

How to Get a Payday Loan While Self Employed

Most payday lenders require that a person hold down regular employment in order to get a payday loan.  Getting a payday loan without having a regular job can be a challenge, but it is not impossible.  Those who make fairly regular income should be able to get a payday loan from most lenders, although some are more particular than others.

Applying for the Loan

Filling out the loan application online is quite easy.  However, a person should never rush through the application but should instead read it carefully and make sure that all the information is correct and there are no misspellings or other mistakes.  It is especially important to make sure the account information is accurate, as the loans agency will not be responsible for checking and correcting errors of this nature. 

Once the application has been sent in, one can expect an answer within two to three minutes.  Most payday loans applications are granted and the money is deposited the very same day.  In fact, many payday loans agencies advertise the fact that they review applications and grant loans within a 24 hour time period. 

Is it Possible to Get a Payday Loan with Poor or Bad Credit?

Most payday loan lenders do not check credit reports, however they can check past payday loan reports.  If a borrower has defaulted on previous payday loans, they will typically not get approved.  On the other hand, if the borrower has met all obligations of previous payday loans, they will typically be able to borrow more money.

Payday loans in Illinois are not hard to get.  Online lending agencies such as provide online applications and will deposit the money in one's account in a speedy manner. However, a person taking out such a loan should make sure the read all the terms and conditions on the site and be prepared to pay back the loan within the time period specified by the lender.