What Is A Payday Loan?

February 18, 2022 | Mason Roberts

what is a payday loan

If you are having a difficult time financially speaking, you might find yourself wondering “what is a payday loan?” as you have probably come across this name on the internet and in ads. In this post, we’ll explain everything you need to know about Idaho payday loans to you and give you a few important tips on how you can get one today.

What Is A Payday Loan? Things You Need To Know

A payday loan is a short-term loan type that is meant to tide you over from paycheck to paycheck. These are perfect for when you are short on cash and when you absolutely positively cannot wait until your next paycheck to make this payment or purchase.

A payday loan is a type of short-term loan that gives you the cash that you need now so that you can repay it back once you have received your next paycheck. This is meant to be a short-term solution to a short-term cash flow problem. This is not meant to be a solution to any long-term financial problems.

What Materials Are Needed?

One of the best things about applying for payday loans with Idaho Title Loans, Inc. is that you do not need to bring a ton of materials with you when you are applying for your loan. There are just a few things that you need to apply for a payday loan with Idaho Title Loans, Inc.

These things are:

  • An active checking account that is open in your name
  • A blank check from that account
  • Your most recent paystub, as proof of your income
  • You must be at least 18 years old or older
  • Your driver’s license or another form of valid government-issued photo ID

How Long Does It Take To Get A Payday Loan?

One of the best things about getting a payday loan with Idaho Title Loans, Inc. is that the process is quick and easy. Once you arrive for your appointment at an Idaho Title Loans, Inc. location, you can leave the store with your money in as little as half an hour.

Will Idaho Title Loans, Inc. Report to Credit Agencies?

No, Idaho Title Loans, Inc. does not report to credit agencies. This does not impact your credit score.

no payday loan reported to equifax

What If I Already Have Bad Credit?

If you find yourself asking “what is a payday loan?” you might also be concerned about your credit score. A bad credit score can disqualify you from many traditional bank loans, but you do not need to worry about that when you are working with Idaho Title Loans, Inc.

One of the best things about applying for payday loans with Idaho Title Loans, Inc. is that you do not have to worry if you already have a preexisting bad credit score. Idaho Title Loans, Inc. will be happy to work with you regardless of whether or not you have good or bad credit.

What Is The Process Of Getting A Payday Loan With Idaho Title Loans, Inc.?

If you find yourself asking “what is a payday loan?” you are in luck because the process of getting a payday loan with Idaho Title Loans, Inc. could not possibly be any. To get started, fill out the online inquiry form. This will send all of your basic information to your nearest Idaho Title Loans, Inc. location. You also have the option to directly contact your nearest store location during their regular business hours.

Shortly after you finish filling out this inquiry form, you will be contacted by an agent from Idaho Title Loans, Inc. They will confirm your information, make sure that you have all of the materials that you need, and they will schedule your appointment.

When you arrive at your nearest Idaho Title Loans, Inc. location for your appointment, you will be greeted by an agent of Idaho Title Loans, Inc. They will confirm your information one last time and make sure that you have all of the proper materials. Then they will help you finalize the application process.

handshake with an idaho payday loan representative

Get Your Payday Loan Today!

If you are in financial distress, you do not need to worry. If you find yourself asking “what is a payday loan?” you can use this form of short-term loan to make ends meet until your next paycheck. Just call your nearest Idaho Title Loans, Inc. location to get started with a payday loan in Idaho today!