Best Payday Loan Lenders in Idaho

Did you know that the regulations for Idaho payday loans are among the most lax in the US? This makes it even more critical than usual for potential borrowers to understand the state laws and identify reliable lenders. We’ve got you covered by listing the best firms in the payday loan business in the Gem State. To help you out even further, this article includes the essential points of the applicable state payday loan laws, so stick with us.

Best Payday Loans Providers in Idaho

Lend Nation Logo

Lend Nation

CASH WHEN AND HOW YOU NEED IT

Lend Nation is a brand with a longstanding tradition. The company was founded in 1990, and they have been providing excellent service ever since. With over 20 brick-and-mortar stores across the US, this brand has nationwide availability. What’s more, this vendor provides online cash advances, strengthening their already excellent offer.

Loan amount range: $50 to $1,000

Loan term: 7 to 30 days

APR: 651.78% for a 14-day loan

Min. credit score: N/A

Fees: Not indicated

Approval time: Almost instant

Funds available in: Same or next business day

Number of Idaho stores: 16

Online application: Yes

24/7 open: No

Check into Cash Logo

Check into Cash

Your One Stop Money Shop

A true trailblazer, Check into Cash is among the best payday loans providers out there. The company was established in 1993, and they operate over 800 stores across 20 states. It is a well-established brand with numerous storefronts, which is quite reassuring to many customers. On the downside, they do run credit checks on new customers.

Available in: AL, AK, CA, DE, FL, HI, ID, IN, KS, MS, MO, NV, OK, OR, TN, TX, UT, WA, WI, and WY

Loan amount: $50-$1,000 (some states might have a lower cap)

Loan term: 14-30 days

APR: Depends on the loan term (261-782%)

Min. credit score: 300

Approval time: Almost instant

Funds available in: Same or next business day

Online application: Yes

Advance America

Advance America

Money today, momentum tomorrow.

One of the industry pioneers, Advance America has been in business since 1997. With over 1,400 physical stores across the continent and millions of clients served, Advance America offers some of the top payday loans on the market. They run a full-disclosure, no-nonsense kind of business where the customer always comes first.

Available in: AL, CA, CO, DE, FL, ID, IL, IN, IA, KS, KY, LA, MI, MS, MO, NE, NV, OH, OK, RI, SC, TN, TX, UT, VA, WA, WI, WY

Loan amount: Up to $1,000 (some states have a lower cap)

Loan term: 2-4 weeks

APR: Depends on the loan term (231-495%)

Min. credit score: N/A

Approval time: Almost instant

Funds available in: Same or next business day

Online application: Yes

ACE Cash Express Logo

ACE Cash Express

Empowering your financial success since 1968

ACE Cash Express was established in 1968 making them a household name in their niche. This company offers reliable online payday loans as well as in-store loans. Speaking of which, they run over 920 stores in 13 states. School of Ace is an interesting feature on their website that aims to help you manage your finances better.

Available in: CA, FL, ID, IN, KS, LA, MN, MO, OR, SC, TN, TX, VA

Loan amount: $50-$1,500 (some states might have a lower cap)

Loan term: 9-35 days

APR: Depends on the loan term (231-661%)

Min. credit score: N/A

Approval time: Almost instant

Funds available in: Same or next business day

Online application: Yes

Quik Check Logo

Quik Check

Lending Money Your Way, Every Day

Quik Check is a mom-and-pop shop, which separates it from the rest of the nationwide brands on our list. They have been in business since 1994, operating in 4 states across the country. This brand promises first-rate customer service and adherence to the best lending practices.

Loan amount range: $50 to $1,000

Loan term: 4 to 31 days

APR: 547.5%

Min. credit score: N/A

Fees: $2 convenience fee for card deposit

Approval time: Almost instant

Funds available in: 1 to 2 business days (ACH); same day (card deposit)

Number of Idaho stores: Online only

Online application: Yes

24/7 open: No

Laws for Payday Loans in Idaho

Payday lending is legal in Idaho and regulated by the Idaho Credit Code (Idaho Code Ann. § 28-46-401 et seq.) and the Idaho Department of Finance. The key points from these statutes are summarized below.

State Law

Requirements for Idaho Payday Loans

The eligibility criteria for payday loans in the state depend on the lender. However, if you satisfy the following criteria, you should be able to obtain a payday loan from most lenders working in the state:

Most firms will ask for a copy of your government-issued photo ID or driver’s license. You would also have to share some or all of the following: your email address, phone number, Social Security number, proof of income, and a blank check or banking information.

Bad Credit Payday Loans in Idaho

Payday loans are meant to provide very short-term funding to people with few other options to secure funds, often because of poor or no credit. Bad credit, therefore, should not hinder your chances of obtaining a payday loan in the Gem State as long as you meet the other eligibility criteria mentioned above.

Failing to Repay a Payday Loan

According to the Idaho state law, lenders cannot file criminal charges against you for delayed or no repayment. They, however, can recover any outstanding payments and additional court charges through a civil trial.

Lenders may also use a collection agency and inform credit bureaus. The latter will negatively impact your credit and make borrowing even more expensive in the future.

Reviews of the Best Idaho Payday Loans

LendNation

Lend Nation is a reputed lender with an excellent BBB rating but not-so-great customer reviews and no TrustPilot rating. While the firm has a limited presence across much of the US, with 13 storefronts, it is one of the largest providers of payday loans in the Gem State.

Pros

Cons

Lending Offer Overview

LendNation’s website is well-designed and quite informative on Idaho payday loans. So, potential customers can quickly locate the nearest store and gather information on the services offered, typical APRs, lending terms, and more. One much-needed improvement would be clarity on NSF, origination, and any other fees. Currently, this information is either not there or difficult to find.

Both the site information and customer reviews indicate a fast process. LendNation has no credit checks for payday loans in Idaho and follows a pre-approval system where your application is immediately accepted or declined. A company rep will get in touch with you later for the documentation.

LendNation offers both in-store and online payday loans in Idaho. The former option is faster, but online applications should also get you the money in one business day in most cases. Like several top firms, LendNation doesn’t penalize customers for prepayment of short-term loans.

The most significant issue with the firm’s offering is the very high APR (over 650% for a 14-day loan). Idaho’s payday loan laws do not cap interest rates, allowing firms to charge anything they want. While there’s much to recommend LendNation, we advise borrowers to compare the cost with the other options listed here before accepting a loan.

Other Features

LendNation offers several other services beyond payday loans in Idaho, including installment and title loans, which involve more significant amounts and extended repayment terms. You can also get services related to check cashing, utility bill payment, Western Union money transfer, and the Insight mobile banking card.

Check Into Cash

The Check Into Cash website stands out for the detailed information available to assist potential and existing borrowers. The firm’s BBB accreditation and A+ rating, and excellent customer reviews further cement its place as one of the leading payday loans providers.

Pros

Cons

Lending Offer Overview

Check Into Cash offers two different APRs for Idaho payday loans, around 574% for in-store applicants and over 650% online. These rates are pretty high, even if expected for Idaho, given its relaxed payday loan laws. The fact that online customers have to bear even higher interest rates adds to the woes of people unable to travel to one of the firm’s eight stores in the state. Check Into Cash also has a $20 collection charge, but that’s only in cases when a customer’s check is returned unpaid.

The overall process is designed to suit borrowers in requiring quick cash payday loans in Idaho. The firm’s conditional approval system means applicants know within minutes if they will be approved or not. Check Into Cash representatives contact applicants subsequently for the paperwork.

Approved Idaho payday loan customers will get their funds in one business day in most cases; in-store borrowers can get the money on the same day. Interested Idaho residents should note that the firm’s eligibility criteria for borrowers are a tad stricter than those of the typical payday lender. For example, you need to be above 21.

A couple of other notable positives are the firm’s emphasis on confidentiality and transparency and its highly-rated mobile app, useful to track upcoming payments and communicate with the firm.

Other Features

Idaho payday loan customers can utilize many other services from Check Into Cash. These include title loans, check cashing, Western Union money transfer, bill payments, and money order purchases. Customers can also get prepaid debit cards and sell their used or new gift cards for cash.

Advance America

Advance America has been a trusted provider of payday loans in the Gem State for over two decades. Its nationwide presence and vast industry experience have led to an easily identifiable name, including as an Idaho payday loans lender; as a result, many scammers claiming to represent the firm try to fleece customers. The firm lacks a BBB rating, but its customer reviews are excellent, including a TrustPilot score of 4.8 out of five.

Pros

Cons

Lending Offer Overview

Borrowers can receive the loan amount in their accounts within a day, even when applying for online payday loans in Idaho. Online applications for same-day funding must be made before a specific time; otherwise, the funding will take one business day. Customers can also apply online and visit the store for cash or direct deposit into a debit card for payday loans in Idaho.

The firm follows a paperless process, requiring no paper checks. The eligibility requirements are relatively relaxed, allowing customers with poor or no credit to apply for cash advances. Moreover, the repayment terms can be selected based on customers’ convenience.

Many Advance America reviews mention the firm’s high APRs. While this holds for some other states, the rates for Idaho payday loans are pretty reasonable, considering we are talking of short-term, unsecured loans.

The indicated APR for a six-month loan ranges from around 270% to 340% for a bi-weekly pay cycle, with even lower rates for longer terms. The firm does not indicate rates for shorter-term loans, but customers can check with their local stores if these are available. Any other fees or charges are not indicated either.

Other Features

Advance America offers a handful of valuable services other than payday loans in Idaho, including title loans of up to $25,000 and MoneyGram money transfer. Customers can also apply for the Netspend Visa Prepaid Card, which is loaded with benefits to help them manage their finances.

ACE Cash Express

While ACE Cash Express is backed by solid BBB and TrustPilot ratings, customers should be cautious in understanding the terms and conditions. The firm has faced a Consumer Financial Protection Bureau action in the recent past for using illegal debt collection tactics. The firm offers in-store Idaho payday loans through one outlet in Nampa but provides most of its services online as well.

Pros

Cons

Lending Offer Overview

The firm’s somewhat confusing website makes it difficult to find out standard rates and fees. The information is more straightforward for Idaho online payday loans—the firm offers loans from $100 to $1,000 for nine to 35 days.

The APR for a 14-day loan is 651.79%, which is high but at par with what most firms charge in Idaho. However, the fee of $25 per $100 of the borrowed amount is more than what Idaho payday loan customers will incur with other firms.

The firm follows a faxless application process, minimizing paperwork and speeding up approval and funding. Since most Idaho customers are likely to apply online, the financing will take one business day. Same-day funding is possible for in-store applications.

Unlike most Idaho lenders, ACE Cash Express offers a 72-hour satisfaction guarantee, allowing borrowers to return the principal within three days without incurring any fee or interest. The firm also states that it may check Idaho payday loan applicants’ credit scores when deciding whether to approve an application.

Other Features

ACE Cash Express offers several other services such as installment and title loans, prepaid cards, Flare account, check cashing, tax services, bill payments, money transfers, and money orders in Idaho. However, some of these may not be available to online customers.

Quik Check

Quik Check is a small family-owned business with a presence in just four states in the West. The firm scores on experience, customer service, and BBB rating; also, while it may not have many customer reviews as is often the case with small firms, the few available strongly place it as a top Idaho payday loans choice.

Pros

Cons

Lending Offer Overview

Quik Check offers payday loans online in Idaho as it doesn’t have any storefronts in the state. The amount lent can be between $50 and $1,000 for terms ranging from four to 31 days. The application process includes an instant bank verification or current 30-day bank transaction history for direct deposit, which is fairly standard for online payday loans in Idaho.

While the APR charged by the firm is high, it is lower than what you might pay with other Idaho-based lenders. The indicated rate for payday loans is 547.5%, but the rate applicable to you could differ based on the amount borrowed, the term, and other factors.

Quik Check also charges a $2 convenience fee for card deposits; however, there’s no fee if you opt for ACH. Funding takes a few minutes with a card deposit and one to two business days with ACH. The firm does not do a credit check for its online payday loans in Idaho, and your credit could only be affected if there’s a delay in repayment.

We like that, despite being very simple in design, the firm’s website manages to include all the critical information a potential borrower would require. Another positive is that this payday lender seems to give importance to maintaining data confidentiality.

Other Features

Unlike larger payday loan providers, Quik Check does not offer other services in Idaho. However, customers from the state can also get online installment loans for amounts from $250 to $2,500. The interest rates on these vary from 195% to 500%.

FAQ

Are payday loans legal in Idaho state?

Yes, payday loans in Idaho are completely legal. However, the state’s laws for short-term loans are not very strict, and we recommend caution in researching firms and understanding all terms and conditions when applying for a payday loan from a private lender.

The Bottom Line

All the firms listed above are licensed payday loan providers in Idaho and can be relied upon for top-quality services. However, as the section on the state’s laws shows, there are virtually no limits on the interest lenders can charge you for Idaho payday loans. In light of this, you must complement the information from this article with your research to zero in on the best option for you.

Remember to always borrow responsibly and never take out more cash than you can reasonably repay.

Your BalancingEverything Team

References:

MoneyLion

UStatesLoans.org

Consumer Federation of America

LendNation

Check Into Cash

Advance America

ACE Cash Express

Quik Check