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Idaho

Payday Loans in Idaho

At a Glance
Idaho
  • Nickname: The Gem State
  • Population: 1.79 million
  • Capital: Boise
  • Website: www.idaho.gov

Known for its mountainous landscapes and pristine wilderness, Idaho is a big state with a relatively small population. Just about 1.8 million people reside in the Gem State, and many of those people are struggling to make ends meet.

Over 200,000 residents of Idaho (12.8%) live at or below the poverty line. In addition, Idahoans have one of the lowest per capita average household incomes ($55,583) in the nation.

Average Credit Card Debt and Median Household Income in Idaho vs. the U.S.
Idaho
US
$5,213
$6,194
Average Credit Card Debt (Q1 2019)
$55,583
$61,937
Median Household Income (2018)

Payday Loans in Idaho

Payday lending is a type of short-term loan.

In order to take out a payday loan, a borrower writes a check dated at some point in the future – typically for their next pay date – for both the loan amount and the cost of the loan. The lender uses this check as collateral for the loan.

 

Payday Loans in Idaho

 

# of Lender Locations

# of Payday Loans

Ave. Payday Loan Amount

2013

212

466,704

$363

2014

221

461,473

$350

2015

211

268,366

$335

2016

174

279,459

$314

Consumer Protection in Idaho

How to Report a Lender in Idaho

If you seek to file a complaint against a payday or title lender, contact the State of Idaho’s Department of Finance. Use the Department of Finance’s online form for submission, or download a printable form and mail it in.

The Idaho Department of Finance information

 

Guides to Payday Loans in Idaho Cities

Check out these payday loan guides for the following cities in Idaho…

Boise | Idaho Falls | Rexburg