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 of approval. Additionally, with Leap Credit, there’s no compounding interest.
Tell us exactly what you need to borrow (between $300 – $3,500) and we’ll make sure you fully understand the loan agreement upfront.