Washington Payday Loans

Life surprises us every single day. More often than not these surprises turn out to be opportunities for something better, but from time to time various circumstances lead to money-related problems. Luckily, nowadays such kind of problem can be effortlessly resolved thanks to Washington payday loans.

Can I get a Payday Loan in Washington?

Yes, Washington payday loans are legal. Washington Revised Code Ann. 31.45.010 et seq. governs payday lenders. Lenders must have both a check casher license and a small loan endorsement before offering payday loans.

Any loan offered must abide by the following rules:

  • Maximum loan: $700 or 30% of your gross monthly income, whichever is less
  • Minimum loan term: Your next payday*
  • Maximum loan term: 45 days
  • Rollovers: Prohibited

*If this falls within seven days of receiving the loan, the due date will be set after your second payday.

Advantages of Payday Loans in WA

When you find yourself struggling to make ends meet, a payday loan could be a good option to get by between paychecks. Here are a few reasons why people may decide to take out a payday loan in Washington.

  • You’ll receive the cash fast. If you need money now, the best lenders in Washington offer much faster application processes and quick approval, which allows you to receive the money within a day if you apply for Washington payday loans online.
  • You’re free to spend the money on whatever you need. Once you receive the funds, you may use them to buy any product you want.
  • Quick loans are easy to obtain. As we said before, this type of loans doesn’t require you to have a perfect credit score.

How to apply for a Payday Loan

When applying online, lenders will require you be a US citizen or permanent resident, at least 18 years old and have a regular source of income. To complete your application successfully, prepare to submit some basic information:

  • Your name, date of birth, Social Security number and information from a valid form of ID
  • Your address, email and phone number
  • Employment status, employer contact information and gross monthly income
  • Access to your checking account

Register Now!