Bad Credit Loans Illinois ($100 - $35,000)

Loans for Bad Credit in Illinois

If you're struggling with bad credit, you might be desperate to find so-called "bad credit loans".

The good news is, there is an increasing number of online lenders in Illinois who are issuing loans to people with poor credit scores, even though there is no particular financial product called a "bad credit loan".

What's more, if you take out a small loan and repay it successfully, this will begin the process of rebuilding your credit score!

Our easy online web form can help you connect with these lenders and if you do, the entire process can be completed easily online. You could even see the cash in your account the next working day!

You no longer have to go to the big banks or storefront lenders and jump through hoops to borrow money with bad credit in Illinois. Simply use our loan connection tool to get started right away!

Request a Loan:

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Illinois Lending Regulators:

Regulating authority:

Illinois Division of Financial Institutions
Consumer Credit Section
3100 West Randolph, 9th Floor
Chicago, IL 60601
(888) 473-4858

Complaints handling agency:

Illinois Division of Financial Institutions
Consumer Credit Section
3100 West Randolph, 9th Floor
Chicago, IL 60601
(888) 473-4858

How Do Illinois Bad Credit Loans Work?

Depending on your situation you can choose a personal loan between $100 and $35,000.

This could be a small payday loan that you repay when you get your wages a few weeks later or a longer-term installment loan that spreads the cost of a larger sum over several months.

The direct lenders in our network could have something to suit everyone's situation.

Furthermore, we know first-hand what it's like standing in the bank waiting to fill out stacks of forms, only to be rejected and having to search out another bank to repeat the process.

That's why we've developed a single form that allows you to know on screen in minutes if you've been connected with a lender.

Then you can complete the application directly with the lender online.

Online loan companies are perfectly legal in Illinois as long as they are licensed to lend in the state, and we vet all the lenders in our network to ensure that they are.

Get Started Online with a Single Form

The days of needing to drive to the bank or loan shop to begin an application are long gone.

Our single loan connection tool is far more efficient, letting you connect and then apply with lenders using your smartphone or computer.

All you have to do is pick a sum from $100 to a maximum of $35,000 and we'll do all the work of sending it to legal lenders in Illinois.

If we manage to connect you, which will only take minutes, you'll be redirected to the lender's own page, so you don't have to worry about middlemen.

And, as long as you have access to your online bank statements you can attach these easily during the application.

Online loans from direct lenders (bad credit accepted):

By clicking “Get Started”, you agree to Privacy Policy and Terms & Conditions.

Are Online Bad Credit Loans Safe In Illinois?

Yes, while some loan sites will do anything to get you to take on a loan, we vet every lender in our network to ensure they comply with local Illinois state lending law; no different than if you went to the bank or storefront lender in your town or city.

Note: We are not a lender ourselves, rather we provide a handy tool to connect with lenders in Illinois.

To find out your interest rate, repayment schedule, and other terms you will need to be connected and then click through to the lender's page to see what their offer entails.

Fortunately, by law, they must provide a digital copy of all terms and conditions before you sign the online contract.

Remember: Before signing for a loan you'll need to provide your checking account details so you can get the cash fast and the repayments are automatically taken.

This means you always need to have the funds in your account on the agreed repayment dates.

No Credit Check Loans in Illinois

If you have bad credit, you have probably come across some sites claiming to offer loans with no credit check or other misleading language like instant or guaranteed approval.

Unfortunately, this is not possible, however, the good news is that having bad credit is not an automatic disqualifier from getting a loan online and these online lenders are much less stringent regarding credit scores than the big banks.

They'll fairly assess your application based on your employment, level of income, and other personal information submitted on the application, not blanket reject you because you have a low score.

How Can I Get a Loan with Bad Credit in Illinois?

To get a loan with bad credit there are still some requirements you must meet before applying, though as long as you are in work most people can meet these terms:

  • Earn at least $1,000 of verifiable income each month
  • Be at least 18 years of age because minors can't take out loans
  • Have a bank account with checking facilities so the loan can be deposited, and repayments taken.
  • Be a legal US resident of Illinois, with a fixed address where you can be contacted.

That's all there is to it!

Illinois Bad Credit Loans by City:

Is a Bad Credit Loan for Me?

Only you will know if you can afford a loan, so it is important to do your sums before committing to a lender, even if you've been made a great offer.

Most people turn to so-called bad credit loans because they don't have a credit card and can't get approved by the banks or traditional lenders.

Others, however, also like to borrow online because of the speed and simplicity of it all.

If you sign for a loan during the working week you could see the money in your account in as fast as one business day.

What To Do Next For Bad Credit Loans In Illinois

If it sounds like an online personal loan is for you then the next step is easy.

Get all of your digital financial documents ready, pull up our tool, and choose an amount between $100 and $35,000, and then we'll do all the hard work - passing your details through the network of over a hundred direct lenders in Illinois.

Top Tip: Apply in the morning during the working week and you're more likely to get the cash the very next morning!

Bad Credit Loan Alternatives In Illinois

If you are unsure about getting a loan online in the state of Illinoisthere are some alternatives to consider.

You could visit a lending store in person and talk to a clerk, though this will certainly take more time. You might also consider borrowing from friends or family if you need a small amount.

Some cities will have credit unions that offer affordable loan solutions, but you will usually need to be part of that particular Union's community and not every town has one.

Get Started Now!

Having bad credit used to be a huge barrier to borrowing money but now an increasing number of reputable lenders are offering loans online for people with a wide range of credit scores.

Many people have used our loan connection tool and found a lender with bad credit.

Online loans from direct lenders (bad credit accepted):

By clicking “Get Started”, you agree to Privacy Policy and Terms & Conditions.