Idaho Payday Loans

Payday loans are legal and permitted in Idaho. The payday loan industry does not have a lot of regulations in Idaho. Lenders are able to loan as much as $1000 per payday loan. Idaho does not dictate the amount of interest that can be charged on a payday loan. The interest rate for this type of loan is determined by each individual lender. The lender can also decide on the loan repayment term - there is no limit on the time that lenders can allow borrowers to pay back their loans.  Idaho does not require that payday lenders actually maintain a physical presence in the state in order to operate there. They must, however, have a valid license in order to continue to loan money in Idaho.

Fees for Loans in Collections

Lenders are able to charge additional fees if a borrower's loan goes to collections. Lenders can charge a $20 in sufficient funds fee, as well as 12% interest on the unpaid portion of the loan.

Regulating Body for Idaho Payday Loans

The Idaho Department of Finance, Consumer Credit Section oversees the payday loan industry in Idaho. This governing body is located in Boise, ID.

Payday Loan Renewals

Loan renewals, or rollovers, are limited to three in the state of Idaho. A rollover is when the borrower rolls over the principle amount of the loan into another loan term while only paying the interest due.

Payday
8050 West Fairview Avenue
Boise, ID 83704
A Nice-N-Easy Payday & Title Loans
328 North Orchard Street
Boise, ID 83706
Singer's Insta-Cash Inc
8618 West Overland Road
Boise, ID 83709
High Speed Cash
6872 West Overland Road
Boise, ID 83709
Ace America's Cash Express
8649 West Franklin Road
Boise, ID 83709
Quick Cash
1222 Broadway Avenue
Boise, ID 83706
Sonic Cash LLC
7221 Potomac Drive
Boise, ID 83704
Cash Store
7476 W State St
Boise, ID 83702
ACE Cash Express
2632 North Government Way
Coeur d'Alene, ID 83815
(208) 664-2940
Quik Cash
119 East Appleway Avenue
Coeur d'Alene, ID 83814
(208) 786-6300

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Idaho Loan Statistics

Pay Schedule
Average Loan Average Age Weekly Bi-Weekly Monthly Twice Per Month Home Owner Renter
2012$654414%51%26%19%18%82%
2011$579368%48%25%19%28%72%
2010$657406%44%23%27%35%65%