Loan Till Payday – 1960 E 71st Pl
Sources & References
https://www.mapquest.com/us/illinois/payday-loans-650212365
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https://fulltimefinance.com/payday-loans/illinois/chicago
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Services this business provides
Contact Information
Address
1960 E 71st Pl, Chicago, IL 60649
Website
www.honestloans.netFrequently Asked Questions about Loan Till Payday
Key regulations include: loan caps (e.g., maximum amounts and fees), limits on simultaneous loans, defined repayment periods, and requirements for clear disclosures and lawful collection practices. The Chicago Fed notes Illinois historically tracked storefront licensing and the impact of statewide caps, highlighting regulatory constraints on typical high-APR payday offerings. For more detailed guidance, consult the Illinois Department of Financial and Professional Regulation and the Illinois General Assembly summaries on payday loan laws.
For more context, Chicago and other urban areas have hosted numerous lenders offering payday, title, and installment loans, often with high costs that prompted regulator attention and policy debates about access vs. usury. Community reporting and legislative updates highlight ongoing tensions between consumer protections and access to emergency credit in Illinois.