Looking for an Unsecured Personal Loan in Idaho?
An unexpected bill has come up and you just don’t have the money to cover it. If you take money away from a utility to pay for the sudden expense you risk having that service cut off — a service you most likely need to survive. If you shift the cost from your car payment, then you create a situation where the auto loan company might come and repossess the vehicle you need to maintain a job and steady income. Move money from your mortgage payment or rent and you are liable to be evicted or foreclosed on. None of these are good options; they are too risky to your livelihood. The Loans Discovery Program from Loans Now, however, is a great option to get you the money you need fast!
Has something like this happened to you before and you sought out lenders who in turn denied you the help you needed? Or worse, you ended up relying on a payday loan to get you through the crunch? Did you notice how many times you had to renew the loan to pay your regular bills? And how much extra you spent paying the fees on those multiple loans? We do not offer payday loans or title loans. Our lenders offer longer-term, lower-interest loans than these predatory lenders. How It Works is that we can find offers for your sudden situation, most of them getting you the money you need in as little as 24 hours!
Unsecured Loans for People with Bad or No Credit
If you have bad credit or no credit, you can still obtain an unsecured personal loan to cover the cost of that unexpected expense or — without having to rely on a payday loan, without having to go through several different lenders and hoping one of them will approve your request. We do all of the legwork to provide you with the options your unique situation requires to help you pay for any sudden need for money, including:
- Emergency medical procedure
- Unexpected vehicle repair
- Unexpected vehicle purchase
- Sudden funeral expenses
- Abrupt moving costs
Check your credit score and see what your history reflects. If you have a lot of credit card debt, we can still help. If you are using too much of the credit extended to you, that could be lowering your credit score; but Loans Now can still help. Do you have a bankruptcy or foreclosure on your report? That is not a problem! Whatever it is that might be causing your bad credit, do not worry about it. You can still qualify for a personal loan and afford that emergency bill with a credit score as low as 450! Take 60 seconds to fill out the Loan Discovery questionnaire and get started TODAY!
Low Living Expenses, But Low Incomes
Everyone knows Idaho for its potatoes; it is the country’s leading grower of the vegetable. Not everyone knows that agriculture is not the state’s primary industry. Electrical parts and equipment have been manufactured in the state since the 1970s and contribute the most to Idaho’s economy. Tourism brings in approximately $500 million a year in tax revenue. Though not necessarily for the typical urbanite, Idaho is a great state for people who love outdoor adventuring; this is the main source of those tax dollars. These are three of the biggest industries in Idaho, providing the largest number of jobs to residents of the northwestern state. The wages from these sectors are not enough to supply workers with a wage capable of affording an emergency expense, unfortunately.
Employees in Idaho have a lower cost of living, but the median income is only $25,000. For a household of two, that would be $50,000, making any unprepared-for costs less of a burden on a monthly budget. For an individual, however, this could be catastrophic. Some, if not all, of the examples mentioned previously could occur, and could completely ruin a person’s ability to live. Idahoans have options, however. We can help you discover those options and get you paying those out-of-nowhere expenses fast — before they become a burden to you!
Idaho Laws and Regulations for Bad Credit Personal Loans
Idaho is one of a handful of states that has no usury laws in place. While the state does specify in the Idaho Statutes, § 28-22-104, that unless otherwise contracted, the interest rate on a loan will be set at 12%, this is the extent of its regulation. This percentage can only be applied for specific purposes as well. The Idaho legislature repealed its usury laws in 1983, lifting any restrictions it had on consumer financing. Other than determining the unspecified rate, the state places no other restriction on lenders or the loans they issue. In essence, this means there is no cap on interest rates in Idaho. However, in practice, the market dictates the limit consumers are willing to accept.
This was done in part because of the US Supreme Court’s decision in a 1978 case, Marquette National Bank v. First of Omaha Corp. Although the case was mostly an issue between local banks and national ones and debated the rights of state banks over those based in another state, the outcome of this case affected financial institutions in all sectors. Now, Idaho depends on a competitive financial market, both within the state and from others, to regulate interest rates and prevent usurious lending.
Loans Now: Core Policies & Procedures
- Never collect or share sensitive customer information: SSN, DOB, Address.
- Never collect up-front payment to process a customer’s loan application / or fund a loan. Loans Now will NEVER ask you to send us money in any form.
- Introduce customers to our Loan Discovery Process. A one-on-one loan service strategy that fits every customer’s unique needs with the right lender for them
Idaho Personal Loan for Bad Credit Lending Regulator
Even with a relaxed outlook on personal loan lending, the industry is still regulated by the Idaho Department of Finance, Consumer Finance Bureau. This division’s primary responsibility is the issuance of licenses allowing individuals and companies to operate in the state. Idaho offers a method of filing a complaint against a financial institution that the state will use in determining whether or not the business is eligible to continue operating in the state.
- Loan Discovery Process
- Credit Scores Reviewed to 450
- 2, 3, 5 & 7 Year Terms
- Loan Amounts $500 - 70K