In Need of an Unsecured Loan in Illinois? Here's What You Need to Know:
The difference between a “secured” and “unsecured” loan is simple: a secured loan requires some kind of collateral, while an unsecured loan does not. Some types of loans require that a lien be put against an object of high value; for instance a car, or the equity in your home.
Something we understand here at Green Leaf Loan Group is that not everyone is in a position to place such large value items up as collateral when they are in a temporary cash crunch. And indeed, sometimes the loans our customers are looking for are so small (compared to the value of a car or home equity) that securing the loan in this way would not make sense. That is why we put forth these unsecured loan opportunities. It helps fill a financial gap that exists for those needing small to mid-sized, short term loans, and who do not want the hassle of dealing with collateral.
Our Unsecured Loans in Illinois Are Fast!
Getting approved for a loan can sometimes be a huge undertaking. If you have ever applied for a mortgage, or for any type of large loan, you probably remember the mountain of paperwork and faxing that came along with it. Some loans require that you show financial and tax records dating back years. If you are in a situation where you need financial help immediately, this lengthy and exhausting process is not an option.
Our loan approval process is much more streamlined. Our faxless loans mean significantly reduced waiting time and runaround for you. We are proud to offer a 100% secure, safe, and best of all, fast online application system. When you apply, your application will be reviewed by a loan professional immediately, and they will work to grant you approval fast.
Bad Credit? No Credit? In Illinois, this Does Not Necessarily Block You From Getting an Unsecured Loan
If you have been hesitant to look into a short term, unsecured loan due to a poor credit history, we have good news! Our loan professionals look at a number of factors when determining loan eligibility, and do not rely on credit score alone. If you are a United States Citizen, have steady employment, and can show that you get paid on at least a monthly basis, chances are overwhelming that you will be approved for a loan.
Our unsecured loans are just one of the products we offer, but for those with a rocky financial history, there is still help available! We also offer installment loans, which allow you to pay your loan back in several payments, over time. Otherwise, you may be interested in an auto title loan, which allows our customers with a history of loan default to still borrow against the title of their car.
How Unsecured Loans Work in Illinois
Our unsecured loans are payday loans. This means they are there to help bridge the gap that sometimes happens when unexpected expenses pop up between paychecks. You borrow money now, to address your short term financial needs, and then you pay it back on your next payday. It really is just that simple. For larger loans, you may want to consider asking about one of our installment plans, which would allow you to pay back the loan over time, in several payments.
Since those seeking unsecured loans in Illinois are often facing unexpected expenses, we understand that time is of the essence. Medical expenses, auto breakdowns, home and property repairs, and even the start up costs associated with moving to a new house can all add up quickly, and take a big bite out of your income. Often these expenses are not anticipated, and leave you scrambling to come up with the payments. This can be difficult if you are living paycheck to paycheck – especially if being in a situation like this forces you to choose between paying bills, or paying for essentials like groceries. That is why we offer such quick approval and turnaround times. We work fast to make sure cash is in your hands as soon as possible, to help you address your bills.
