Loans for Bad Credit in Illinois

The OppLoans platform is committed to offering credit opportunities to Illinois residents who have limited borrowing options due to a poor credit history. Our bank partners don’t base funding decisions exclusively on FICO® credit scores — which means that you may qualify for a loan even if you have bad credit and have been turned down by a traditional lender. If approved, loans may be funded as soon as the same business day.¹

Why choose the OppLoans platform for a loan in Illinois

If your credit history isn't perfect, don't worry – we're here for you! Our dedication to outstanding customer service, combined with our bank partners, enables us to assist those who might find doors closed at traditional financial institutions.

• Easy to Apply: Apply online from start to finish with the simplified application process.
• Same-Day Funding Available: If approved, you may receive money in your account as soon as the same business day!1
• Loan Support At Every Step: Our top-rated Customer Advocates are available to provide support at every step of the application process.
• No Hidden Fees: No origination fees. No application fees. No prepayment penalties.

More About Illinois

Out of all 50 states, Illinois has the 5th largest economy by a measure of Gross Domestic Product (GDP). The economy is fueled by a diverse range of industries, the largest being the financial services sector, which contributed 22.5% of the state's total GDP in 2021 and has helped Illinois achieve sustained economic growth and investment. At the heart of this sector is the Chicago Mercantile Exchange (CME), one of the world's leading derivatives markets that handles more than 20 million contracts daily and can be accessed by investors in more than 150 countries. Outside of finance, Illinois is also the nation's number one producer of soybeans, producing an estimated 648.9 million bushels in 2023.

Illinois has a relatively average cost of living, the 21st lowest out of 50 states in 2024, and the state income tax rate is also relatively low at a flat rate of 4.95%. Illinois residents can expect to pay more in sales tax, it is the 7th highest in the country, based on a combined state and local sales tax rate of 8.86%. The average median household income stood at $80,306 in 2023, $2,587 higher than the national average and the 18th highest among the 50 states.

The state offers financial assistance through the Illinois Application for Benefits Eligibility (ABE). Here, you can apply for various programs, including Help to Buy Food, Help to pay for Health Care coverage, and Help with Cash Assistance. Residents can use the website’s ABE Screener to find out if they are eligible for the different programs.