Payday Loans in Idaho Falls, Idaho
Events happen, and we often end up in a situation where we have to pay for some surprise costs. Consider applying for a cash advance loan in Idaho Falls, Idaho, to see if you qualify.
The loan application process is quick and painless. To be eligible, loan borrowers must meet a few straightforward conditions.
What is a Paycheck Advance Loan? What Can It Pay For?
A cash advance loan is where the borrower will be extended a petite amount of cash on a short-term basis. This is deemed to be an unsecured personal loan as no collateral is needed.
When unexpected bills come up, such as past due rent or utility payments, auto fees, medical or vet fees, and so forth, individuals frequently rely upon paycheck advance loans.
Cash Advance Loan Requirements In Idaho Falls, ID
In Idaho Falls, ID, payday loan borrowers must satisfy several stipulations to qualify for a loan.
The borrower must:
- Show proof that they are a resident of Idaho Falls, ID
- Must be 18 or older
- Have a steady stream of income that they can provide proof of being at least $1,000 per month
- Provide up-to-date contact details like cell phone number and email address
- Give their social security number
If a borrower does not abide by the above requirements, they will automatically be denied a paycheck advance loan. Make sure you possess the documents needed when submitting your application.
Laws and Rules Concerning Cash Advance Loans in Idaho Falls, Idaho
Idaho has ruled payday advance lending legal. Still, they have put forth the below rules and laws for the paycheck advance lending market:
- A single money lender can't extend a loan greater than $600. Borrowers cannot possess greater than two unpaid loans from different lenders. There is no minimum loan amount.
- The minimum loan term is not set, the maximum loan term length is 31 days. In the State of Idaho, borrowers are not allowed to rollover their loans.
- The fees and charges change for each loan lender. The service costs enacted by the lender on a loan do not fall under interest. The service fees apply to each $100 loaned and can range between 11-15%.
- An interest rate is required to be mutually decided upon. APR can be as high as 369%.
Will Cash Advance Lenders in Idaho Falls, ID, Run Credit Checks? What If I Have Bad/No Credit History At All?
Yes, the lenders we partner with will do a credit check on you, but, even if you possess no credit or dismal credit, you may still be eligible for a loan as long as you can show that you are able to repay the loan. Lenders are typically unbothered by your credit if you provide proof of income and a plan to pay back the loan.
Lenders will rely on a soft credit pull, which will not impact your credit score. This is solely to get an idea of your credit history and basic information.
A hard credit check, dissimilarly, requires your explicit consent. These credit checks are performed for a plethora of purposes, such as mortgages, credit cards, and more.
You can still qualify for a cash advance loan with less than great credit in Idaho Falls, Idaho, as long as you can prove you will repay the loan.
Therefore, when you apply, whether it is in person or online, ensure that you have your income information available and any other documents proving that you can pay back the loan. The more evidence you show, the better chance your loan request will be granted.
When Will I Get My Loan in Idaho Falls, ID?
When you see your money really depends on the lender as some lenders offer same-day cash advance loans, which means you will get your payday loan on the same day you apply, as long as you get an approval.
Most of the time, though, lenders will send the borrower their lump sum on the next business day. Businesses often close for holidays and weekends. So, if you submit your application on a Friday, you might not get your deposit until Monday.
If you're wanting a same-day payday loan in Idaho Falls, Idaho, you will need to be sure that you're applying by 10:30 am. Any and all same-day funds going out that day will be approved by that time. However, you should request a loan earlier than that if possible, as it will boost the likelihood that you see your loan on the same day that you submit your application.
One additional consideration that you should be aware of is even if the lender approves your application and posts the deposit to your bank, sometimes the bank won't release that funds right away. It's important to let your bank know that you plan to get a payday advance loan, so they might make an exception in releasing the money earlier.
Overall, it's best to prepare ahead of time to receive your funds on the following business day. That way, you're not surprised if you cannot get it on the same day.
Think About Borrowing From Us
If you possess less than great credit or no credit and are needing to get a payday loan, think about applying with us, as you usually have a higher chance of approval.
We work with more than one hundred different lenders who offer their services online. Much of the time you will get your cash on the following business day so ensure that you plan correctly.
However, you can always find the closest paycheck advance loan storefront to you and apply in person to strengthen the chances of seeing your loan on the same business day. When applying in person, ensure that you have your government ID or driver's license; a passport will work as well. Sometimes, lenders may ask for proof of address, so bring a utility bill to the store as well.
To find the nearest paycheck advance loan storefront, please navigate to the list below and find your city.
Payday Loan Direct Lender Companies in Idaho Falls, ID
Below you will find a list of payday loan companies offering their services in Idaho Falls, Idaho. If you can't find a lender near your location in Idaho Falls, consider applying in a nearby city in Idaho. Alternatively, you can apply online on our website and get a decision almost instantly.
If you can't find a lender near your location in Idaho Falls, consider checking out payday loan lenders in nearby cities. Alternatively, apply online on our website and get an instant decision. If approved, you will get your cash the same or next business day.