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