Open road lending bbb pdf#
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There isn’t much online about Illinois Lending doesn’t have a Trustpilot page, and its Better Business Bureau (BBB) page is empty aside from one complaint back in 2017.

Open road lending bbb pdf#

In addition to its privacy policy, it also provides a PDF copy of the Illinois Department of Financial and Professional Regulation (IDFPR) pamphlet on short-term lending on its website. You can limit sharing by writing to Illinois Lending within 30 days of submitting your application. It has an industry-standard privacy policy that covers the type of information it collects and how it shares that info. Plus, you can apply in person if you’re worried about your information being compromised.

Illinois Lending does its part by encrypting any details you enter on its online application. In general, yes - though no website can ensure your personal information stays 100% secure. Is it safe to apply for an installment loan from Illinois Lending? Credit cards typically charge lower interest rates than short-term loans, even on cash advances, making them a flexible, less costly alternative for up to the $500 you can typically take out with a payday loan. Talk with your bill providers about a longer payment plan or extension on your due date if you're behind on payments.

Open road lending bbb free#

Government agencies, nonprofits and local charities often offer free financial services and help with food, utilities and rent for those in need. The majority of short-term loan borrowers renew their loan at least once, piling on fees that make it even more difficult to repay.Ĭonsider alternatives before opting for a payday, installment or title loan: Payday loans, installment loans and auto title loans come with high rates and fees, which can trap you in a cycle of debt. Carefully review your finances and the loan cost to make sure it fits your budget. If you don’t repay a short-term loan on time, you could end up owing several times the amount you borrowed. The Consumer Financial Protection Bureau (CFPB) no longer requires lenders to consider your ability to repay a loan. Select the Go to site button for more information about a particular provider. Explore your options by loan amount, turnaround time or requirements. A lack of borrower reviews means you won’t know how others fared before you apply.Ĭhoose your state of residence to see the best providers in your area. Not only do you need to have a bank account that’s been open for at least 60 days, but you must bring home at least $300 a week to be eligible. You need to be a resident of the Prairie State to qualify. Even if you apply online, you can get your funds the same day by picking up a check at your local branch.Ĭonsider these potential drawbacks before taking out an installment loan from Illinois Lending: Illinois Lending has six branches and an online application so you can choose the option that’s most convenient for you. While still expensive, its APR cap of 99% is relatively low for short-term loans. What are the benefits of Illinois Lending?Įven as a short-term lender, there are a few perks to borrowing from Illinois Lending: Pembrook Corners: 5250 Grand Avenue, Suite 13A, Gurnee IL 60031 King Plaza Shopping Center: 3612 Avenue of the Cities, Moline, IL 61265 Randolph Street, Suite 111, Chicago, IL 60601 Grand Avenue, Chicago, IL 60612ģ5th and Ashland: 3455 S.

While Illinois Lending is only available to residents of Illinois, it has six branches located across the state: Chicago Where does Illinois Lending have branches? Otherwise, you’ll receive your funds in your bank account as soon as the next business day. You may be able to get your funds the same day you’re approved by picking up a check from your local Illinois Lending branch. However, you need to have a checking account that’s at least 60 days old and bring home at least $300 a week to qualify. How much you qualify for - as well as your specific terms - will vary depending on your financial situation, not your credit score. While the lender doesn’t list loan terms on its website, you can expect to have between 112 to 180 days to pay off your loan based on Illinois’ state regulations. Illinois Lending offers both in-store and online installment loans ranging from $100 to $4,000 with APRs capped at 99%.

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