Payday Loans in Colburn, Idaho

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No payday loan companies in Colburn, ID. Consider companies in other cities:

Company nameAddressZip codePhone number
U.S. Bank ATM - Potlatch 200 6th St, Potlatch, ID 83855 +1 (800) 872 - 2657
Cash Store 705 Yellowstone Ave Ste B, Pocatello, ID 83201 +1 (208) 232 - 2759
Zions Bank Wood River Valley 311 N Main St, Ketchum, ID 83340 +1 (208) 726 - 3007
Xpress Cash 1737 Hurley Dr # C, Pocatello, ID 83202 +1 (208) 232 - 7070
Check Into Cash 10383 W Fairview Ave, Boise, ID 83704 +1 (208) 672 - 3003
Check 'n Go 740 N Cecil Rd #114, Post Falls, ID 83854 +1 (208) 773 - 6228
Advantage Plus Federal Credit Union 2133 E Center St, Pocatello, ID 83201 +1 (208) 232 - 7711
Ideal Lending, LLC 104 W Washington Ave, Nampa, ID 83686 +1 (208) 757 - 2274
Advance America 1603 E Seltice Way STE B, Post Falls, ID 83854 +1 (208) 773 - 7578
Quick Loan Cash Advance Loans 432 Farnsworth Way. Spc 9, Rigby, ID 83442 +1 (208) 228 - 5443

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Colburn, ID, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Twin Falls, ID, Payday Loans in Boise, ID, Payday Loans in Caldwell, ID, Payday Loans in Idaho Falls, ID, Payday Loan for Lewiston, ID, 24-Hour Loan in Meridian, ID, Payday Loans in Nampa, ID and Payday Loan for Pocatello, ID. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Colburn, ID.

Are Payday Loans Legal In Colburn, Idaho?

Loan Rates and Fees, Laws and Regulations in Idaho.

Idaho Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)652
Maximum Loan Amount$1,000 (or 25% of gross monthly income)
Minimum Loan TermNot Specified
Maximum Loan TermNot Specified
Number of Rollovers Allowed3
Finance ChargesNo Limit

Colburn, ID payday loan calculator

Payday Loans in Colburn, Idaho: A Comprehensive Guide

Payday loans can provide a financial lifeline for those who need help making ends meet. In Colburn, Idaho, payday loans are legal and can be a viable option for those facing financial difficulty. In this comprehensive guide, we will explore everything you need to know about payday loans in Colburn, Idaho.

What Are Payday Loans?

Payday loans are small, short-term loans designed to help individuals bridge the gap between paychecks. They are typically due on the borrower’s next payday and are repaid with a post-dated check or authorized electronic withdrawal from the borrower’s bank account.

Payday loans are known for their high interest rates and fees, which can make them a costly option if not used responsibly. However, they can also provide a helpful financial solution for individuals facing unexpected expenses or financial emergencies.

Payday Loan Regulations in Idaho

Payday loans are legal in Idaho, but they are subject to certain regulations to protect consumers. Under Idaho law, payday lenders must be licensed by the state and must follow specific rules regarding loan amounts, fees, and repayment terms.

The maximum amount that can be borrowed through a payday loan in Idaho is $1,000, and the loan term cannot exceed 25% of the borrower’s gross monthly income or 90 days, whichever is shorter. The maximum fee that can be charged for a payday loan in Idaho is $20 per $100 borrowed.

It is important to carefully review and understand the terms and fees of any payday loan before accepting it. Borrowers should also make sure they have a plan for repaying the loan to avoid additional fees and potential financial hardship.

Applying for a Payday Loan in Colburn, Idaho

Applying for a payday loan in Colburn, Idaho is a straightforward process. Most lenders offer online applications that can be completed from the convenience of home. The application will typically require basic personal information, such as name, address, and employment information.

After submitting the application, the lender will typically review the information and make a decision within a few minutes. If approved, the borrower will need to sign an agreement outlining the loan terms and repayment schedule.

Benefits and Risks of Payday Loans

Payday loans can provide a range of benefits, including immediate access to cash and a straightforward application process. However, they also carry risks, such as high interest rates and fees, potential for debt cycles, and fees for late or missed payments.

It is important to carefully consider the risks and benefits of a payday loan before accepting one. Individuals should only borrow what they can afford to repay and should have a clear plan for repaying the loan to avoid additional fees and potential financial hardship.

Interesting Facts about Payday Loans in Colburn, Idaho

  • As of 2020, there were over 200 payday lenders operating in Idaho.
  • The average payday loan in Idaho is $350.
  • Idaho law caps the interest rate on payday loans at 36% per year.

Apply Now with TheGuaranteedLoans

TheGuaranteedLoans is a connector service that can help connect borrowers in Colburn, Idaho with potential payday lenders. Our online application process is quick and easy, and we work with a network of trusted lenders to find the best loan option for each borrower.

Applying for a payday loan through TheGuaranteedLoans is a simple process. Fill out our online application, and we will match you with potential lenders who meet your needs. Once you have been approved for a loan, the lender will provide you with the loan terms and repayment schedule.

Remember, payday loans can be a helpful financial solution when used responsibly. However, borrowing more than you can afford to repay or using payday loans to cover long-term expenses can result in financial hardship. Always borrow responsibly and have a clear plan for repaying any loans.

F.A.Q.

How do I compare different payday loan options in Colburn, Idaho?

To compare different payday loan options in Colburn, Idaho, borrowers should carefully review the terms and conditions of each loan, including the interest rate, fees, repayment terms, and any additional requirements.

Can I get a payday loan in Colburn, Idaho without having a checking account?

Yes, some lenders in Colburn, Idaho may offer payday loans to borrowers without a checking account. However, borrowers should be prepared to provide alternative forms of collateral or documentation to qualify for the loan.

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