Payday Advance Idaho
Financial emergencies can occur at any moment, leaving you hard pressed to come up with the money to meet them or leaving you short on funds before your next paycheck arrives. Luckily, Idaho payday advance loans can rapidly provide you with up to $1,000 to meet the pressing need and help you get by until payday.
Acquiring cash through the fast and easy payday loan process means you get it when the emergency arises without having to go through complicated application processes and waiting for drawn out approval periods. What's more, no credit checks are required which means you can get the cash even if you have no credit or bad credit.
Payday Loans Explained
Idaho payday loans--or payday advances--supply quick cash to meet financial needs that occur without warning. Cash requirements for medical emergencies, car repair, school expenses, overlooked due bills, etc., can be easily accessed by using a short-term payday cash advance. You might also find a good deal on a purchase or want extra money for getaway, which can be supplied through Idaho payday loans.
Very little time or information is required to obtain Idaho payday advances because they use proof of employment as collateral for the loan. Such cash advances are usually set up to be repaid on your next payday by either direct payment, cashing of a post-dated check, or electronic withdrawal from a bank account, although longer periods of time can be scheduled for repayment.
The Process for Obtaining Idaho Payday Advances
Idaho payday advances are easily acquired through a simple application and approval process that gets you the money you need for your financial emergency within a 24-hour period. You simply are required to fill out a short application that provides your personal information, along with the amount of loan desired and the repayment date. Then, provide identification to verify your personal information, and supply proof of employment either through bank statements showing direct deposits from your employer, or through previous paystubs.
Once you submit your application with the required verification and repayment information, it is processed and is, usually, approved within hours or by the following business day. Money is electronically deposited into your bank's checking or savings account, which you also supply.
If you are applying for payday advance Idaho loan at a payday loan store then you may be required to supply a post-dated check that can be cashed for repayment on the specified date should you fail to show up to make payment in person. Online payday loan providers normally use your bank account information to withdraw the funds electronically on the scheduled repayment date.
State Guidelines for Idaho Payday Loans
Payday loans are legal in the state of Idaho, providing they do not exceed a set maximum limit of $1,000. There are no specifications set on maximum finance rates or associated loan fees and there is no limit set for the APR on a $100 14-day standard loan. Because payday loan interest rates and associated fees are left open in the state of Idaho, it is recommended that you carefully shop around for the lowest rates and fees.
There are also no set limits for the maximum number of Idaho payday advances you can have open at one time. Three rollovers, or extensions, of payday loans are allowed under Idaho law. Also, non-sufficient funds (NSF) collection fees are set at $20 plus a per annum interest of 12% on any unpaid amount if applicable.
Where to Get More Idaho Payday Loan Information
If you have further questions or need to obtain more information on Idaho payday cash advances, you can receive assistance from the following Idaho finance office.
Idaho Department of Finance
Consumer Credit Section
700 West State Street, 2nd Floor
Boise, ID 83702