?? A payday loan is a tiny, unsecured, high interest, short-term advance loan. More often than not, customers compose a post-dated, individual search for the advance quantity, and also a cost. The loan provider holds the check for the loan duration then deposits it, or even the consumer returns with money to reclaim the check.
In This Guide:
- Quick Information About Pay Day Loans
- Who Licenses and Regulates Payday Lenders in Washington State?
- Filing A complaint Against A Payday Lender
- Optimum Loan Amount and Terms
- Tribal Lenders
- Online Payday Lenders
- List Before Using Out That Loan
- Your Rights As A Washington Resident
- Additional Resources
Fast Information About Pay Day Loans
- You may possibly just borrow a total of $700 or 30percent of one’s gross month-to-month earnings, whichever is less.
- Your data is likely to be registered in a state-wide database, making certain all payday loan providers have your many up-to-date loan information.
- You may possibly just just take 8 pay day loans per 12-month duration.
- If you should be not able to repay your loan before your loan arrives, you might request an installment plan without any extra charges.
- You may not receive another loan if you currently have an installment plan. […]