Washington Overview

Payday Loans Washington State

Payday loans are small, high interest, unsecured, short-term loans. Usually, payday loan consumers write a post-dated, personal check for the loan amount, plus a fee. The lender holds the check for the loan period and deposits it afterwards. Alternatively, the customer pays up and reclaim the check. Payday loans are available in many US states, among them is Washington. Payday loans lenders in Washington are available online and in stores. Learn more about Payday loan places near me (you). You can talk to a payday load expert at (800) 961-5909

  • Payday Loans

  • Payday loans Washington

    Washington Payday loans

    You may borrow a total of $700 or 30% of your gross monthly income, whichever is lesser.

  • Your information will be registered in a state-wide database. This is done to ensure that all payday lenders have your most up-to-date loan information.
  • If you can’t repay your loan before its due date, you may request for an installment plan with no additional fees.
  • You may only take out a maximum of 8 payday loans per 12-month period.
  • If you already have an installment plan, you may not receive another loan.
  • Lenders cannot  harass or intimidate you when collecting a the loan. If you are being harassed, contact DFI and file a complaint.
  • Who licenses and regulates payday loan lenders in Washington?

In the state of Washington, payday lenders and the payday loan industry is licensed and regulated by the Washington State Department of Financial Institutions (DFI) . You can verify the license of any payday lender in Washington State by calling 1-877-RING-DFI (746-4334) or verify a license online.

  • Maximum loan amounts & terms in Washington

  • Maximum Loan Term: 45 days
  • Maximum Loan Amount: $700 or 30% of your gross monthly income, whichever is lesser
  • Maximum Fee: 15% on the first $500 and 10% above $500.
  • Payday lenders online

Payday lenders online

Payday lenders online

According to Washington payday loans laws, online payday lenders that do business with Washington residents must be licensed by the DFI and adhere to Washington’s loan terms and limits. Before doing business with an online payday lender, you have to make sure that they are licensed by the DFI.

  • Your rights as a Washington resident

  • Payday loans and your rights

    Your rights as a Washington resident

    If you have taken out a payday loan from a lender that is not licensed by the DFI,  even if you fail to repay the loan, the lender can’t collect it or pursue any legal action against you in Washington State.

  • If you have doubts about the loan you’ve taken out, you have the right to change your mind about it within one day.
  • You have the right to know all the costs involved. You also have the right to a payment plan.
  • Payday lenders may not use criminal prosecution as a method of collecting a past due loan.
  • Payday lenders may not allow borrowers to use a new payday loan as a way to pay off a previous payday loan he has with the same lender or an affiliate of that lender.

You can find Washington payday loans lenders in many cities including Seattle, Spokane, Tacoma, Vancouver and Bellevue.

Washington State Payday Loans by Gadcapital.com