Payday Loans Explained: Simple Secrets For Getting A Payday Loan In Idaho 

Idaho Title Loans, Inc. wants to set the record straight about the belief that everyone who applies gets approved for a payday loan in Idaho. It’s simply not true. Although we do our best to loan money to anyone in need, we have to make sure that each candidate is capable of repaying their loan so we can stay in business!

But with our advice, you stand a good chance of getting approved for your very first loan with no complications. 

If you’re concerned about getting approved, keep reading. You’ll find payday loans explained, including how to improve your odds of getting a payday loan.

What To Know About Payday Loans

Don't let the mystery surrounding payday loans intimidate you. There are just a few things you need to know -- and a few requirements you must meet -- in order to apply. 

Here are what we consider the most important details about Idaho payday loans. 

The Loan Amount Is Based On Your Income

You and your loan agent will negotiate between what they are willing to lend based on your income and the amount you want to apply for. You both must be flexible in this negotiation period. 

The Money Is Deposited Into Your Account Quickly

When you receive a payday loan in Idaho, you will probably have cash in hand the same day. On the off chance you do not receive your money the same day, don’t worry, it will be available by the next business day. There is no cash changing hands, nor will you have to take the extra step of driving to your bank to deposit a check (which can lead to delays in getting your money if your bank puts a hold on the funds). Your money will be deposited directly into your account with no hassle on your end.

Usually Repaid Within A Few Weeks In One Lump Sum

A payday loan is set up to be paid off with your next paycheck. This is a key difference between payday loans and virtually every other type of personal loan available to you. 

Applicants Must Be 18 Years Old

Payday loans are legally binding contracts, so applicants must be of legal age to enter into a payday loan contract. This is true for most loans, regardless of the sources. 

You Must Have An Active Checking Account

This serves two purposes. 1) We have somewhere to electronically transfer your funds. 2) Some clients prefer to keep the account on file to pay their loan at the end of the term without having to come to the office. This is just one way we make title loans easy for both parties. 

You Need Some Form Of Regular Income

Whether you are employed or receive some sort of regular benefits, your loan agent will need to see proof of your income to ensure that you have a way of paying the loan back. 

After seeing payday loans explained in such simplistic terms, it's easy to see why they are so common. If you don’t meet these basic requirements, it’s not worth your time to apply. Although the requirements are minimal, they must be met in order to qualify.

Tips For Getting Approved For Idaho Payday Loans

If you're in desperate need of extra cash and a payday loan in Idaho is your best option, these tips can help you qualify. 

• Apply for the amount you need - Appling for the maximum amount may result in your denial of a loan. Evaluate your situation and only apply for that much. This will also make it easier to pay the loan back when that time comes. 

• Be honest - The facts are going to surface during the application process anyway. Embellishing details about your credit or income could result in a denial. Credit is never a singular reason for denying someone a payday loan. In fact, people with every type of credit are welcome to apply. 
• Collect your required documents before applying - Nothing will stall your loan faster than an incomplete application. You are required to bring your driver's license, your most recent paycheck, and a blank check when applying for a payday loan in Idaho. 

It really is that easy to improve your odds of getting fast cash through one of our offices throughout the state. 

The Best-Kept Secret: Choose Your Lender Wisely 

Of course, there's one more tip that we can't leave out. When you are looking for a fast payday loan in Idaho, you should choose a lender that is reputable and straightforward. After all, you are entering into a contract with this company, so it pays to do your research upfront to determine which one is best for you. 

Idaho Title Loans, Inc. is just the place for your emergency cash needs. We have a strong reputation for customer satisfaction, always happy to help our customers make ends meet. We also offer flexible loan terms to tailor your loan to fit your needs. 

Fill out our simple online form to start the payday loan process today!

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.