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Idaho Payday Loans
If you need some quick cash and cannot wait until your next paycheck, your solution is to apply for a payday loan. Finding a payday lender in Idaho is easy. All you need to do is go to your nearest mini mall and you are sure to find a lender. At LoansPayday.info, excellent customer service is our norm. We guarantee a pleasant, delightful experience. Prompt, professional service is our hallmark. It only takes a few minutes to fill out the application. Once you are approved, we will deposit the cash in your bank account the same day. If you have never applied for an Idaho payday loan before, you will find that the entire process from start to finish is a breeze.
Payday Loan Lending Laws in Idaho
There are a few state laws that you should be familiar with before you apply for a payday loan in the state of Idaho. Payday lending is legal in Idaho. However, state government has put some laws and guidelines in place to ensure consumer's privacy and make sure that their information is secure. For example, lenders may not extract financial information on a customer such as the PIN without the customer's consent. Check and Go is an example of a lender who did not obey this law. As a result, the lender was ordered to discontinue lending activities. The lender was also instructed to inform all customers that the information had been obtained without their consent. Obtaining an Idaho payday loan is easy and convenient, but you need to be familiar with all the details before applying for one. Some of these technical details include the following: there is currently no stipulated term period, there are no regulations as to the minimum amount of a payday loan, the maximum amount is $1000, and there are no fee limits on a payday loan.
Idaho's lenient payday lending regulations have resulted in a tremendous growth in the lending industry. In 1993, there were only two lenders in the state. However, this number jumped to 74 in a five-year period. This number is expected to increase, as more payday locations open up for business.
We are here to help Idaho residents who need access to some quick cash. We can also help you if you need to relocate to our state but cannot pay for the move. Regardless of your situation, we can help you. You do not even have to reside in Idaho to qualify for a loan. If you reside anywhere in the United States, you may apply for a payday loan through LoansPayday.info. Receiving an Idaho payday loan is easy and fast. You can have access to the funds you need instantaneously. We proudly offer the most professional and efficient online services. You can receive the money you need, take care of your financial obligations, and pay back the loan when you receive your next paycheck. It is that simple.
Everyone faces unexpected emergencies and expenses at the least opportune time. Emergencies can take everything you have. This is where we come in. We can make the cash you need accessible to you so you can take care of your family. With this cash, you can pay your bills, buy groceries, pay for medications, or pay your utility bill. How you use your cash is totally up to you. All you need to do is visit LoansPayday.info and submit a quick application for an Idaho payday loan. You will be amazed at how fast we work to get you the cash you need.
Approval is instant once you submit your application. We have taken all necessary precautions to make sure that the site is secure and your information remains private. Do not worry if you are not an experienced computer user. The application is easy to fill out and only requires a few minutes of your time.
Code 28-43-201 regulates payday lending in Idaho. This law requires lenders to provide all applicable information to their customers at the time of the transaction. This information includes any fees and interest payments. The loan amount should appear in dollar amounts per $100. The lender must display a fee and interest schedule in a visible area at his lending location. The lender is also required to provide a signed copy of the transaction to the customer. Moreover, the agreement must show The Idaho Department of Finance as the licensing agency. It must also include the Idaho Department of Finance's contact number.
All payday lending agencies are required to comply with state regulations and procedures. The Idaho Department of Finance may impose a fine on lenders who conduct illegal and fraudulent payday lending services. Lenders may not pressure customers or influence them to accept a loan without first clearly explaining all terms, fees, and conditions. This means that in order for lenders to be prosecuted, they need to take advantage of a customer knowingly and maliciously.
Finally, under Idaho law, a payday company may not apply a refinancing fee more than three times. Charging one refinance fee may be illegal if the lender refinances a loan knowing that the customer is unable to pay back the full amount.
Idaho Unemployment Statistics
Statistics show that in January 2006, the unemployment rate was 4.4. The state reported an unemployment rate of 5.3 in January 2005. The unemployment rate has increased considerably in the past decade. According to statistics, the rate increased between 2.9 and 6.8. Reports indicate that approximately 32,676 residents were unemployed in Idaho in January 2006.