4 Types of Home Repair Loans

There comes a time when everyone runs into the need to fix their home – whether it’s fixing a leaky roof or renovating their bathroom. While home repairs are typically worth the cost, fixing up your home can sometimes take a big investment. We know and understand that it’s not always possible to pay for […]

A Guide to Accurately Calculating Payments on Your Loan

Would you believe us if we told you that calculating payments on a loan was as easy as 1-2-3? Illinois Lending offers a loan payment calculator that will do the math for you.  But if you’d like to calculate it yourself, you can do it in these 3 steps.   1. Figure Out Your Loan […]

How a Loan Can Help When You Want to Vacation on a Budget

We all deserve to treat ourselves to a nice vacation every now and then. However, the potential costs of going on vacation can be discouraging. The truth is, you don’t have break the bank to have a much-needed getaway. If you are smart about your budget, your vacation dreams can come true. We have already […]

What is the Illinois Consumer Installment Loan Act?

With so many options available when looking to apply for an installment loan from online lenders, it’s hard to know where to go. With differing annual percentage rates, interest, and overall terms, one important aspect you should always take into consideration is looking at lenders that are trusted and licensed. So, what do licensed lenders […]

APR, Collateral, & Interest Rates, Oh My! Your Guide to Loan Terminology

Whether for emergencies, tuition, bills or their own personal reasons, millions of Americans take out loans every year. Loans provide a form of assistance and allow you to stop worrying about immediate finances. However, finding the right loan for you and navigating the application process is not always easy. Learning about how loans work and […]

Why Do I Need a Personal Loan? 7 Reasons They Can Help

The decision of whether or not you should take out a personal loan can be daunting. With many specific borrowing options available, from home to auto loans and more, it can be difficult to know why and when you should choose a personal loan. With that said, the U.S. has continued to see massive growth […]

Installment Loans: What Are They & Are They Right for Me?

The financial world can be stressful and confusing, but it doesn’t have to be. You can take comfort in the fact that there are essentially two types of loans in the world: installment loans and revolving credit. To put it simply, installment loans allow you to borrow a set amount of money all at once […]

What is a Loan Shark & How to Spot and Avoid Them

Most individuals have heard the horror stories associated with loan sharks and hoped that they never have to experience anything similar themselves. Unfortunately, however, loans sharks may be more common than you think. Each year, countless individuals fall victim to illegal business practices and are scammed by loan sharks. Moreover, they are prevalent across the […]

6 Things You Need When Applying for a Personal Loan

Life can come at us in unexpected ways, and there’s nothing worse than being stuck in a situation because of financial constraints. Fortunately, loans can lend a helping hand and empower us to focus on what matters most without worrying about immediate finances. As it currently stands, 10.8% of Americans took out a personal loan […]