Idaho Terms & Rates

Until recently, Idaho was known for its low standard of living, so it’s relatively lower work wages weren’t necessarily an issue for many of the state’s citizens. But now that Idaho’s economy is booming, housing prices are rising, which means it’s harder for a lot of Idaho residents to make ends meet.

The minimum wage in Idaho is $7.25, which is the same as the federal minimum wage. Idaho is only one of 21 states that follow this model, which hasn’t changed since 2009.

A 2018 report from the National Low Income Housing Coalition noted a disparity between the Idaho minimum wage and the average cost of rent. It would take two full-time, $7.25-an-hour jobs to afford an $800 rent.

Of course, this isn’t new information to those of you who are struggling to get by. Needless to say, if an unexpected expense arises, you may not have the money you need to cover it.

To accommodate that need quickly and easily, apply for a quick installment loan from Leap Credit.

Leap Credit offers an alternative to the traditional loan process, which typically involves a lot of paperwork and can take up to a week or longer to get your funds.

Applying for one of our short-term installment loans takes just a few minutes online and in most cases, you’ll receive your loan within two days, if you’re approved. Additionally, with Leap Credit, there’s no compounding interest

Tell us exactly what you need to borrow (between $400 – $3,500) and we’ll make sure you fully understand the loan agreement upfront.

Short-term installment loans can be used for a variety of reasons such as:

  • Debt or consolidation of debt
  • Home repair/home appliances
  • Event / wedding
  • Moving
  • Funeral expenses
  • Medical expenses
  • Vehicle/transportation repairs
  • Vacation
  • Taxes

Short -term installment loans offer more flexibility than payday or title loans when it comes to paying back the borrowed amount, with smaller monthly payments and a longer payback period.

According to Pew Research, prices for short-term installment loans are much lower than those for payday or title loans.

Borrowing money shouldn’t be difficult. At Leap Credit, we pride ourselves in our fast, simple, straightforward process.

One of the biggest benefits of using Leap Credit for your installment loan is our quick, easy-to-use loan application process and our friendly customer service, available to you from the time you apply to when you finish paying off your loan.

If at any point, your repayment plan through Leap Credit causes you financial strain, contact us immediately. We base our business model on the knowledge that you want to repay your loan. We’re in this together. Just give us a call and we’ll be happy to help. After all, we’re partners in your financial security.

To get started with your Leap Credit loan application process, apply online or call us at (888) 532-7842 to speak with a representative. We will guide you through our quick and simple process and let you know if you are approved in no time!

Ready to get started?