Idaho Payday Loans

In the state of Idaho payday loans are legal. Generally you get loans from the financial institutions which are mostly companies. If you are dealing with a reputable company it will not offer you a loan amount more than $1000. This is a legally prescribed limit. If any of these companies offer you a Idaho payday loans amount more than this you are suggested to be cautious.

These companies can charge you any rate of interest because the law is silent on this point. The loan can be taken for any duration. There is no legally specified time limit for the repayment of Idaho payday loans. If you borrow a loan of $1000 for a period of 14 days, your lender is free to charge any amount of interest from you. There is no limit on the APR as well.

Idaho Payday Loans: Laws & Regulations

Rolling over of Idaho payday loans is allowed. You can seek any number of rollovers not exceeding three. In a rollover the loan process repeats. You have to pay the fees again and again each time when you opt for the rollover without paying the original loan amount. You can have any number of outstanding loans. Since the law is quiet on many points so a better way to ease your burden is getting your loan agreement put to writing. You should keep with you a copy of the contract you have entered with your lender. This copy must be duly signed by your lender.

idaho payday loans

The Idaho payday loans law requires payday loan stores to disclose all the information regarding loan interest rate and the fees to its customers. They can display it in some conspicuous place. The state prohibits criminal action against you. However, in the event of default in paying back Idaho payday loans on the stipulated date your lender may ask you to pay $20 non sufficient funds fee. And also 12% interest can be charged on a yearly basis towards the unpaid amount. Criminal action however becomes unavoidable if your checking account was closed.

Moneytree

This Idaho payday loans provider offers a wide arrangement of services. The services include applying for loans; loans may be business loans payday loans, installment loans, check cashing, money orders, and wire transfers, bill pay, prepaid cards, etc. This lender claims to be pioneer in developing retail financial services. You can make use of their services by providing a little basic information about yourself. To make use of their services you can either visit their branch nearest you or fill out their online application form. Give them a call at 208-338-6669 or visit their website at www.moneytreeinc.com.

Rent-a-Center

This Idaho payday loans company offers a wide arrangement of financial services and products from check advances to check cashing, and money orders to money transfers and also tax advice. Besides this they maintain a big sales store for different items. Their application procedure is simple. You can apply online by providing minimum information about yourself. You can also use their services by personally visiting their branch office closest to you. Give them a call at 208-343-9400 or visit their website at www.racfinancialservices.com.

Quik Cash

This Idaho payday loans lender offers a wide arrangement of services such as check cashing, payday loans, wire transfer, bill payment services and providing debit cards. They claim to support local and national causes by providing money and time support. They claim themselves to be customer focused providers of convenient financial needs. Their loan application procedure is simple. They ask you valid photo identification, a blank check, and other documentation as required by the state law. You may either apply online or visit their local branch in your area. Give them a call at 208-658-1818 or visit their website at www.qcholdings.com.

If you’ve had a good or a bad experience with a specific Idaho payday loans company, please share it with the rest of us so we can all benefit from the information. Also, if you have any questions about Idaho payday loans, you can ask them here, and either one of our staff or another visitor will answer it the same day. You can also feel free to sound off on the cash advance industry itself, and say whether you feel payday loans are inherently good or evil. This will help provide a well-balanced discussion on Idaho payday loans.

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