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What Are Payday Loans?

Learn a safer alternative to borrowing money in Idaho Falls, ID

There are several commercials and advertisements in Idaho Falls, ID that push payday loans. Those featured are graced with the money they need in a matter of seconds. These ads leave you wondering, what are payday loans?

Contrary to the scene mentioned above, payday loans aren't cut and dry transactions. This service is defined as money borrowed with the intent that the borrower will repay the loan with their next paycheck. The issue with payday loans is that they are provided at elevated interest rates. This forces the borrower to pay double, sometimes triple the principal amount.

Don't fall for payday loans. Teton Financial offers safer alternatives in Idaho Falls, ID with lowered interest rates. Call 208-525-9200 now to begin your application.

Don't fall for the trap of payday loans

Don't fall for the trap of payday loans

Secured installments are safer alternatives to payday loans. Here's why:

  • Upon approval, you'll receive the money quickly
  • You know how much you're paying per month
  • The interest rate is fixed and doesn't fluctuate

Teton Financial provides secured loans to individuals of all financial backgrounds. Whether you have bad credit or even a bankruptcy, you can feel confident knowing we have a solution for you.

If you're looking for secured loans in Idaho Falls, ID, call now to speak with a member of our team.