Washington Payday Loan Laws and Legislation
The unexpected occurs in life; it might happen and it is good that there is such a service as 4paydayloan.com to help you out. Sometimes we spend more money and don't have cash for something urgent. It is easy to avoid stress because 4paydayloan.com is always ready to help you. The same day when you fill in our application form online, the cash will be deposited into your account.
It is allowed for lending companies to function in Washington. The maximum amount of payday loans is $700 which is allowed from any lender, and it is higher than in some other states. In fact, there is a time limit (45 days) for the loan term. Washington allows the maximum APR of 390%. A cash advance of $500 and less comes with the percentage rate of 15%, loans from $500 to $700 will have 10% rate.
If you are a citizen of Washington and need a payday cash advance, it will be easy to find a lending company. As a matter of fact there are about 700 centers that offer loans in Washington.
You might find yourself in need for money to pay some bills, or to cover other expenses. 4paydayloan.com offers temporary solutions providing payday loans in Washington. You will receive the money fast without worries about financial problems. And on your next payday you will pay the loan back. Easy, isn't it? We provide to our clients the access to the finance they need without hassles.
Emergencies happen and unforeseen expenses may turn up even at the last minute. When such a problem arises, you may worry about these money problems or you may find a simple way out. And the easiest solution is to apply for a payday loan. You can use the money for any needs. Just visit loansfale.com so that to apply for cash advance in Washington today. The applications are easy and that it will take just a few moments to indicate the necessary information.
Code 31.45.010 of the state law says that any business allowing loans of $500 and less for up to 31 days should follow certain guidelines and regulations. Before opening such business, the person is to post a bond and pay the fee. After receiving the approval from the Department of Financial Institutions, it is necessary to pay the annual charges. The state of Washington monitors payday cash advances laws regarding time, sums, and terms of the loans.
The maximum fee in Washington is 15% of the total sum of a payday cash advance. And the top APR rate is up to 390%.
Payday loans in Washington should adhere to the period of no more than 31 days.
The sum of a payday loan in Washington is restricted to $500. This means that a person can borrow only this sum from a lender at a time.
To open a lending business in the state of Washington, the company should apply for the license. The license should be visible to all the customers. Additionally, the company ought to display a copy of the fee charts.
Payday Loans Offered: Yes
Max Loan Amount: $700 or 30% of gross monthly income, whichever is less
Loan Term: Borrower’s next pay date.
State Regulator Information:
Washington Department of Financial Institutions
Division of Consumer Services
PO Box 41200
Olympia, WA 98504
Phone: (360) 902-8700
Disclamer: 4paydayloan.com is not a lender and does not broker loans. This website collects information which you provide and then forwards it to one more or lenders in our network. Individual lenders make the loan approval decision and determine the terms and conditions of each loan agreement.
4paydayloan.com may share the information which you provide at any step of the application process with third parties, including members of its lender network and other third party lenders with whom it has a marketing relationship.Payday lenders may perform routine credit checks and will normally verify all of the information which you supply on the application.
Submission of personal information is strictly voluntary and does not guarantee that you will be matched with a payday lender or will receive a payday loan. Not everyone will qualify for a payday loan.Not all lenders are able to provide the maximum amount of 1000$ in cash funds.
Cash transfer times vary among the different lenders and not all offer one hour transfer service.Payday loans are not available in all 50 states and the list of participating states may change at any time and without notice.