Payday Loans in Lewiston, Idaho

Incidents happen, and we often wind up in a spot where we have to pay for some surprise expenses. Think about applying for a paycheck advance loan in Lewiston, ID, to see if you qualify.

The application process is quick and straightforward. To qualify, loan borrowers have to meet a couple of basic conditions.

What is a Payday Advance Loan? What Can It Cover?

A payday advance loan is where the borrower will be extended a small sum of money on a short-term agreement. This is considered an unsecured loan as no collateral is required.

When unforeseen expenses present themselves, like past due rent or utility payments, car fees, medical or vet payments, and so forth, individuals usually turn to cash advance loans.

Cash Advance Loan Criteria In Lewiston, ID

In Lewiston, Idaho, payday loan borrowers must satisfy several criteria to be eligible for a loan.

The borrower is required to:

• Prove that they are a resident of Lewiston, ID
• Must be 18 years old
• Have an income that they can prove that's at least $1,000/month
• Give current contact information like cell phone number and email address
• Give their SSN

If a borrower does not meet the above criteria, they will immediately be denied a paycheck advance loan. Ensure that you can provide the documentation needed when applying.

Laws and Rules Concerning Paycheck Advance Loans in Lewiston, ID

The State of Idaho has ruled payday advance lending legal. Still, they have enacted the following rules and laws for the payday lending market:

• An individual lender can't offer a loan in excess of $600. Borrowers are not allowed to take out greater than two outstanding loans from different lenders. There is no minimum loan amount.
• There is no minimum loan term, the longest loan term length is 31 days. In Idaho, borrowers are unable to rollover their loans.
• The fees and charges vary for each lender. The service fees enacted by the lender on a loan do not fall under interest. The service fees apply to every $100 borrowed and can vary between 11-15%.
• An interest rate is required to be mutually decided upon. APR can range up to 369%.

Will Paycheck Advance Lenders in Lewiston, Idaho, Complete Credit Checks? What If I Have Dismal/No Credit History At All?

Yes, the lenders we work with will do a credit check on you, still, even if you have no credit or poor credit, you might still be approved for a loan provided you can prove that you can repay the loan. Lenders are usually unbothered by your credit if you possess proof of income and a plan to pay back the loan.

Lenders will conduct a soft credit inquiry, which will not impact your credit score. This is simply to get a look at your credit history and general information.

A hard credit inquiry, alternatively, needs your explicit consent. These credit inquiries are utilized for various purposes, such as mortgages, credit cards, and more.

You may still qualify for a payday loan with imperfect credit in Lewiston, Idaho, as long as you can prove you will repay the loan.

So, when you apply for a loan, 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 proof you possess, the better chance your loan request will be granted.

When Will I Get My Loan in Lewiston, Idaho?

When you get your funds actually depends on the lender as some lenders offer same-day payday advance loans, which means you will see your cash advance loan on the same day you request a loan, as long as you're approved.

Most of the time, though, lenders will give the borrower their lump sum on the following business day. Businesses usually close for holidays and weekends. Therefore, if you submit your application on a Friday, you might not receive your cash until Monday.

If you're looking for a same-day cash advance loan in Lewiston, ID, you will need to be sure that you're applying by 10:30 am. Any and all same-day loans going out that day will be approved by that cut-off. However, you should request a loan earlier than that if able, as it will increase the likelihood that you see your loan on the same day that you submit your application.

One other factor that you should understand is despite if the money lender grants your loan request and posts the credit to your bank, sometimes the bank won't release that funds right away. It's vital that you let your bank know that you plan to receive a cash advance loan, so they could possibly make an exception in releasing the money earlier.

On the whole, it's wise to prepare in advance to receive money on the next business day. That way, you're not left in the lurch if you cannot receive it on the same day.

Consider Working With PaydayLoanRadar

If you have underwhelming credit or no credit and are searching to get a paycheck advance loan, consider applying through us, as you frequently have a better chance of approval.

We work with more than one hundred different lenders who provide their services online. Much of the time you will get your money on the next business day so ensure that you plan appropriately.

Although, you can always find the nearest cash advance loan storefront to you and apply in person to boost the chances of seeing your money on the same day. When applying in person, ensure that you have your government ID or driver's license; a passport will work as well. Now and again, lenders may request proof of address, so take along a utility bill to the store as well.

To locate the nearest paycheck advance loan storefront, please use the list below and locate your city.

Payday Loan Direct Lender Companies in Lewiston, ID

Below you will find a list of payday loan companies offering their services in Lewiston, Idaho. If you can't find a lender near your location in Lewiston, consider applying in a nearby city in Idaho. Alternatively, you can apply online on our website and get a decision almost instantly.