ABOUT FAST MONEY USA INSTALLMENT LOANS IN ILLINOIS

 

This Installment Loan is a loan product that is repayable in substantially equal installments spread out over a maximum period of 36 weeks. Each installment includes a payment toward your principal loan amount.

How much can I borrow in Illinois?

Fast Money USA 's Illinois Installment Loan is $750. Whether an individual will be approved is dependent on certain qualification criteria.

How much will my Installment Loan cost in Illinois?

There are no processing fees for a loan with Fast Money USA.

The examples below show this fee reflected both as an annual percentage rate (APR) and a total dollar amount (“Finance Charge”), and may be helpful in demonstrating how this Installment Loan works.

Weekly Example: $750 Installment Loan due in thirty-six (36) weekly installments over nine (9) months.

FEDERAL TRUTH-IN-LENDING DISCLOSURE STATEMENT AND AMORITIZATION SCHEDULE

ANNUAL PERCENTAGE RATEFINANCE CHARGEAMOUNT FINANCEDTOTAL OF PAYMENTSTOTAL NUMBER OF PAYMENTS
The cost of your credit as yearly rateThe dollar amount the credit will cost youThe amount of credit provided to you on your behalfThe amount you will have paid after you have made all payments as scheduledThe number of individual payments you will have made until your loan is repaid in full.
98.75%$292.20$750.00$1,042.2036

Payment Schedule*

Payment NumberPayment AmountPayment DatePrincipleInterestBalance
1$28.9501/06/2017$14.70$14.25$735.30
2$28.9501/13/2017$14.98$13.97$720.32
3$28.9501/20/2017$15.26$13.69$705.06
4$28.9501/27/2017$15.55$13.40$689.51
5$28.9502/03/2017$15.85$13.10$673.66
6$28.9502/10/2017$16.15$12.80$657.51
7$28.9502/17/2017$16.46$12.49$641.05
8$28.9502/24/2017$16.77$12.18$624.28
9$28.9503/03/2017$17.09$11.86$607.19
10$28.9503/10/2017$17.41$11.54$589.78
11$28.9503/17/2017$17.74$11.21$572.04
12$28.9503/24/2017$18.08$10.87$553.96
13$28.9503/31/2017$18.42$10.53$535.54
14$28.9504/07/2017$18.77$10.18$516.77
15$28.9504/14/2017$19.13$9.82$497.64
16$28.9504/21/2017$19.49$9.46$478.15
17$28.9504/28/2017$19.87$9.08$458.28
18$28.9505/05/2017$20.24$8.71$438.04
19$28.9505/12/2017$20.63$8.32$417.41
20$28.9505/19/2017$21.02$7.93$396.39
21$28.9505/26/2017$21.42$7.53$374.97
22$28.9506/02/2017$21.83$7.12$353.14
23$28.9506/09/2017$22.24$6.71$330.90
24$28.9506/16/2017$22.66$6.29$308.24
25$28.9506/23/2017$23.09$5.86$285.15
26$28.9506/30/2017$23.53$5.42$261.62
27$28.9507/07/2017$23.98$4.97$237.64
28$28.9507/14/2017$24.43$4.52$213.21
29$28.9507/21/2017$24.90$4.05$188.31
30$28.9507/28/2017$25.37$3.58$162.94
31$28.9508/04/2017$25.85$3.10$137.09
32$28.9508/11/2017$26.35$2.60$110.74
33$28.9508/18/2017$26.85$2.10$83.89
34$28.9508/25/2017$27.36$1.59$56.53
35$28.9509/01/2017$27.88$1.07$28.65
36$28.9509/08/2017$28.65$0.30$0.00


*You cannot be prosecuted in criminal court to collect this loan.

WARNING: This loan is not intended to meet long-term financial needs. This loan should be used only to meet short-term cash needs. The cost of your loan may be higher than loans offered by other lending institutions. This loan is regulated by the Department of Financial and Professional Regulation.

If you are experiencing financial difficulty, help is available to you from a consumer credit counselor or a debt management company. To obtain a list of licensed debt management companies, contact the Division of Financial Institutions at 1-888-298-8089.


Illinois Department of Financial & Professional Regulation
Division of Financial Institutions
Consumer Credit Section
100 W. Randolph, Suite 9-100
Chicago, IL 60601
Phone: 1-888-298-8089
Website: www.idfpr.com

When do I pay the Installment Loan back?

The Installment Loan term is 34 weeks and is in accordance with Illinois law. Your loan must be paid back in full through substantial equal scheduled installments. If you wish to make an early or partial principal payment on your loan, you may do so at any time with no prepayment penalties.

Are there any additional charges for Installment Loans in Illinois?

No.

Can I cancel my Installment Loan?

You can rescind your loan at no cost within three (3) business days of the effective date of your agreement by email at contact@fastmoney.com. If you do rescind your loan, you will be responsible for returning the entire principal balance back to us. If you do not return the entire principal balance to us, your loan will remain in full force and effect and you will accrue fees on such outstanding principal balance.

Who funds the Fast Money USA Installment Loans in Illinois?

All loans are funded directly by the Parent Company of Fast Money USA, a company licensed pursuant to the Payday Loan Reform Act by the State of Illinois Department of Financial and Professional Regulation, Division of Financial Institutions.


Illinois Pamphlets



Do I need to send in any documents?

Pursuant to Illinois state law, all Illinois customers are required to provide Fast Money USA with official documentation displaying their gross monthly income in order for any loan request to be fulfilled. This includes, but is not limited to, a pay stub or a receipt reflecting government benefits. All documentation must not be greater than thirty (30) days old.

I have a few more questions about Installment Loans in Illinois.

For additional questions, or if you would like to learn more about the online Installment Loans in Illinois, please email our Customer Care team at contact@fastmoneyusa.com.