Legal Status: Legal
Citation: Idaho Code §§ 28-46-401 et seq.
State Licensed Online Lenders:
CashCentral, CashNetUSA, ChecknGo, QLoot, SpeedyCash
Maximum Loan Amount: $1000
Loan Term: Not Specified
Maximum Finance Rate and Fees: Not Specified
Finance Charge for 14-day $100 loan:
APR for 14-day $100 loan:No Limit
Collection Fees: $20 NSF fee
Criminal Action: Prohibited
Regulator: Idaho Department of Finance
Address: Consumer Finance Bureau, 800 Park Blvd., Suite 200, Boise ID 83712
Regulatory Contact:Mike Larsen, Consumer Finance Bureau Chief
Idaho Department of Finance-Consumer Credit and Consumer Loan Section
Consumer Credit Licensees
Consumer Services – File a Complaint
Deferred Deposit Transaction
Predatory Lending Fact Sheet
The table below will display a representation of different loans with an annual interest rate of 35%*. Interest rates are set after assessing each customer's credit worthiness through traditional credit checks.
|Borrowed Amount||Loan Period||Monthly Payments||Total Payable Amount|
* The interest rate displayed in the examples table above is only representative. Not all customers will be eligible for a loan with the lowest interest rate. The APR and loan amount is determined by several factors such as: credit history, employment history, even state law.