Payday loans Nampa Idaho


Loans Nampa Idaho

NAMPA — Kathryn McNary paid her title loan with its 450 percent interest rate on time for two years before she missed a payment. One day before she intended to pay the bill, her van was repossessed by the title loan company without any warning.

McNary, a Caldwell resident who took out the loan from a Nampa business to pay a power bill, said she had to walk everywhere for six months — and her home is three miles outside of Caldwell.

But McNary said it turned out to be a good thing, because she got out of that cycle of debt and now has a new vehicle. The lesson she learned from that experience is what led her to protest payday loan establishments on Caldwell Boulevard Monday night with members of the Idaho Community Action Network.

“(Payday loan businesses) charge too much interest rates; they are robbing us blind, ” McNary said. “People end up paying out the nose, and they get trapped.”

The protest was part of Shark Week — but not the Discovery Channel variety. This campaign is part of National People’s Action, a network of grassroots organizations. Payday loans advertise quick loans for those who need cash fast, and borrow against a person’s paycheck or sometimes the title on a vehicle. Although many states place restrictions on payday lenders, Idaho has limited regulations and does not have caps on interest rates, which can go as high as nearly 600 percent in some cases.

Terri Sterling, director of the Idaho Community Action Network, said her organization focused on Nampa on Monday partly because the city has 24 such businesses.

“What we see as reasonable is 1 (business) per 10, 000 people, ” Sterling said, and Nampa is home to less than 90, 000. “So we have way more than we need.”

The organization is asking Nampa City Council to consider a similar ordinance to the one passed by Caldwell City Council at the end of 2013. Such businesses in Caldwell are no longer permitted in commercial areas, only manufacturing and light industrial zones. It also required any new payday loan businesses to apply for a special use permit in front of the City Council if they wish to open in a commercial area.

Interesting facts

  • This article is about the city. For other uses, see New York City (disambiguation). For the U.S. state, see New York.
    New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. The city is referred to as New York City or The City of New York...
  • The U.S. Attorney for the Southern District of New York is the chief federal law enforcement officer in eight New York counties: New York (Manhattan), Bronx, Westchester, Putnam, Rockland, Orange, Dutchess, and Sullivan. Preet Bharara, who was appointed by Barack Obama in 2009 is the U.S. Attorney for the District. Bharara took over the post...
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Popular Q&A

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I have 5 loans! I signed up with Payday Support Center in Mobile Oct. 2012! Now 1 company is calling threathening me! Help me!

It is ILLEGAL to threaten arrest for non payment of a payday loan. I recovered a $3,000 judgment against a payday lender for such conduct. So, start a journal of every call threatening to have you arrested, etc. Then you may file a complaint with the Alabama State Banking Department, and you may also file suit, or wait to see if you are sued, and then file a counterclaim. I do urge you to hire an attorney for the defense of the payday loan suit and/or lawsuit against the payday lender (and its sleazy collectors). Go to to find a Consumer Protection Attorney in your area.