Ways to Spend Your Flex Loan This Summer

Your Idaho Installment Loan Can Fund Important Purchases

There are no rules about how you should spend your installment loan from Ideal Lending this summer. How you use your cash is up to you — and we know all of our clients have a good reason for requesting a loan. We’ve compiled a list of common ways our valued clients use their money so you can get an idea about how an installment loan might benefit you. First, let’s discuss the basics!

Installment Loans in Boise, Idaho

An installment loan is a fully-amortized 12 month loan based on the value of your car and your ability to pay back a loan based on your income and monthly budget. Like a car title loan, an installment loan uses your clear car title as collateral for the loan.

Installment loans let you borrow up to a certain limit whenever you need money. You can borrow the full amount of credit we extend to you, or you can borrow smaller amounts. As you pay back the money you’ve borrowed through your installment loan, you increase your available credit, until it reaches its full amount when you pay it off.

idaho installment loans

You can return with us and borrow money again when you need it again. Just come visit any of our local offices.

Qualifying for an installmentloan is simple. Even if you have bad credit or a scarred credit history, you can still be approved for a loan at Ideal Lending, where we never check your credit. To get an Idaho Installment Loan, you must be at least 18 years old, show us your valid photo ID, provide proof of employment, and bring both a drivable vehicle and its lien-free title in your name when you apply.

Interest on Installment Loans in Boise, ID

Interest on installment loans is calculated on a daily rate, but you only pay interest on the amount of money you’ve borrowed, for the duration of your loan. For example, if you borrow money for one week, and pay it back with your next paycheck, you are only charged interest for the week you borrowed the money.

When you pay back money you borrow, your ready to borrow again should you need cash at a later date. You can borrow from Ideal Lending over and over again, and only pay interest on the amount of money you have out at any given time.

Spending Your Installment Loan

Not sure if an Installment loan is right for you? Here are some ways our clients use the cash they get from us to improve their lives.

Home repairs. Patching a roof, putting down new flooring in a bedroom, or retiling the shower stall can be surprise necessities that you simply weren’t prepared to pay for, but are important for safety and comfort at home. Small-scale home repairs can be taken care of with cash from an installment loan.

Car repairs. Car breakdowns never happen at a good time. And if you’re a family, sometimes you need more than one car to get the kids where they need to go while simultaneously going to work yourself. Solving that scheduling problem with only one vehicle can be a nightmare, so repairing your household’s second vehicle becomes urgent!

Replacing appliances. If your stove or washing machine is broken beyond repair, it’s important that the appliance is replaced quickly so you can resume your daily life. Unfortunately, appliances like these can cost several hundred dollars upfront, while running them saves you thousands per year because you don’t have to dine out every day or go to a laundry center to wash your clothes.

Medical bills. When you’re sick or injured, you don’t have the option to not seek medical care if you want to continue working and living your life. Expensive medical bills can make you feel sicker just thinking about them, but an installment loan can cover a monthly medical payment when your paycheck just can’t stretch any further after being sick and missing work.

Furnishing a nursery. Congratulations! You’re expecting a new baby! But that baby will need a place to sleep, and you’ll need furniture to get the nursery set up for your baby’s arrival. If your child’s due date is just around the corner, and you need to get nursery furniture fast, an installment loan is a good option.

High utility bills. Summer heat can be unbearable in Boise, so turning on the air conditioner is a welcome reprieve — until you get your electricity bill. If your utility bills are unexpectedly high and your regular take-home pay won’t cover them, a short-term loan can help you keep your lights on.

Registering your vehicle. If your car registration is expiring and you need to renew your registration and license, a short-term installment loan can cover those fees when you’re short on cash.

Making up for cut hours. If your work hours were cut this week, but you know you’ll have plenty of overtime next week to make up for it, a short-term loan bridges the gap between paychecks and relieves your financial stressors.

Choose Ideal Lending When You Need Fast Cash

When you need to borrow money, don’t waste time talking to multiple traditional lenders who will turn you down repeatedly. Come to Midwest Title Loans! For years, we’ve helped Idaho residents get the money they need and established a reputation of trust in the area.

If you’re ready to solve a financial problem with a short-term loan, contact us today, or visit us in-person at our office in Garden City at 4213 W Chinden Blvd or Nampa at 104 W. Washington Ave.