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Washington Payday Loans up to $1K

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Last updated:

Don't you know how to find urgent greens in your "Evergreen State"? It has never been easier than applying with compacom.com.

Caught short of cash between paychecks? Washington Payday Loans may be a perfect sollution! Up to $700 cash advance is available for any resident of Iowa even if you have a bad credit score. Besides, you don't need to risk any of your property as Payday Loans are unsecured. They are easy to apply for with a variety of online and in-store direct lenders ready to offer you an instant decision and the best rates and fees. Repayment is done automatically, the money is simply withdrawn from your account when you get the next paycheck in maximum 45 days. Fill out a simple and free application form which takes only a few minutes. It will let you know whether you qualify for a loan or not and won't affect your credit history. Upon approval the money will be deposited into your bank account the next business day. 

Compare Payday Loans in Washington from the Best Direct Lenders Online or find a Loan Store near your location.
COMPACOM – Compare Companies Online

Loans for ANY  NEEDS
APR from 4.99%

Compare Payday Loans from Washington Direct Lenders and Online Services

Find the best loan offers in Washington choosing among a variety of legit online and in-store lending companies.

TOP RATED COMPANIES

Rates last updated December 10th, 2019
4.3024079320113

LEND YOU

$1,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

17,5%
MIN MPR

The minimal percentage allowed that actually represents monthly cost of your loan. The MPR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

LendYou.com is the easy way to find the cash you need when you need it. You’re looking for cash to pay bills, to buy a car or maybe do some work around the house. LendYou.com has the lenders you're looking for. It's easy. It doesn't matter the size of the loan you're looking for… LendYou may be able to connect you with a lender that can help.

The loans you need, when you need them.   

4.4133099824869

Greenlight Cash

$1000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000 for Payday Loans, $1000 - $5000 for Installment loans, and up to $15,000 for Personal loans. But it may vary depending on the lender and his requirements.

Varies by state
MIN MPR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

Unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Need a financial support? We’ll find you the money when you need it most! Greenlight Cash offers Online loans up to $5,000. Among other benefits are:

  • Any credit is welcome. Have less-than-perfect credit but still need a loan? It’s not a problem! Submit a request, and we’ll find a lender that will be willing to work with you.
  • Simple online process. No lines and no extra paperwork! It takes a few minutes to fill out our short online form, submit it and get a quick decision from a lender.

Smaller tax return than you expected? Apply online for quick cash. Apply

Are Payday Loans Legal in Washington?

Loan Rates and Fees, Laws and Regulations in Washington.

Washington residents can borrow up to $700 Payday cash advance, but not exceeding 30% of their gross monthly income for maximum 45 days. Those who need larger amount can apply for $1000 - $5000 Installment and $5000 - $15000 Personal loans. Payday lending is legal in Washington in accordance with Wash. Rev. Code Ann. 31.45.010 et seq.1 It states that any The APR is 390%. Finance rates and fees vary depending on the amount of a loan: for $500 cash advance it’s 15%, for higher sums – 10%. Thus you may be charged $15 for 14-day $100 loan.

Maximum 8 loans a year are allowed. They must be paid off on time without rollovers, renewals or extensions. However you can apply for a repayment plan for 90-180 days without any additional fees.

Law status legal
MIN Loan Amount None
MAX Loan Amount $700
MIN. Loan Term None
MAX. Loan Term 45 days
MAX APR 390%
Additional fees 15%
NSF fee Not stated
Collateral or guarantor None, unsecured
Number of simultaneous loans 8 loans a year
Cooling off period None
Rollover Not allowed
Extension, repayment plan Repayment plan for 90-180 days
Default penalties Criminal actions are prohibited
Credit score requirements Available for Bad Credit
Apply online
Law status legal
MIN Loan Amount $1,000
MAX Loan Amount $5,000
MIN. Loan Term 90 days
MAX. Loan Term 36 month
MAX APR 225%
Collateral or guarantor None, unsecured
Credit score requirements Available for Bad Credit
Find out more Apply online
Law status legal
MIN Loan Amount $1,000
MAX Loan Amount $35,000
MIN. Loan Term 90 days
MAX. Loan Term 60 month
MAX APR 450%
Collateral or guarantor None, unsecured
Credit score requirements Available for Bad Credit
Find out more Apply online

Quick and Easy Payday Loans Online

Compare top online companies offering fast cash advance with no faxing, no paperwork, possibly no hard credit check and no teletrack. Filling out a free application form guarantees you instant decision and high approval chances even if you have a bad credit score.

ONLINE COMPANIES

Rates last updated December 10th, 2019
4.3018867924528

Payday Loans USA .online

$1,000
MAX. loan amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

16,6%
MIN MPR

The minimal percentage allowed that actually represents the cost of your loan charged for a month. It's more important for the customer as mostly Payday loan are borrowed for a month term and paid off with the next paycheck.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Has life thrown you an unexpected financial curveball? Need a loan? Bad Credit?  Don’t look any further! PAYDAY LOANS USA .ONLINE is here for You. 100% online short-term Payday and unsecured Personal loans from some of the best direct lenders in the USA.

4.1025641025641

Your Faster Payday

$1,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

16,6%
MIN APR

The minimal percentage allowed that actually represents the cost of your loan borrowed for a month. It's more significant criterion than APR as mostly Payday loans are borrowed for 14-30 days until the next paycheck.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

How does YourFasterPayday.com work? You’re looking for cash to pay bills, to buy a car or maybe do some work around the house. YourFasterPayday.com has the lenders you're looking for. It's easy. It doesn't matter the size of the loan you're looking for... YourFasterPayday may be able to connect you with a lender that can help. Fill out the block above to get started.

4.2462311557789

Fast Holiday Loans

$1,000
MAX Loan Amount

It’s the maximum sum of cash advance allowed to apply for in the state. It usually ranges from $500 to $1000. But it may vary depending on the lender and his requirements.

200%
MIN APR

The minimal percentage allowed that actually represents annual cost of your loan. The APR is based on several things, including the amount you borrow, the interest rate and costs you’re being charged, and the length of your loan.

None, unsecured
Collateral or Guarantor

Collateral – is some kind of your property which ensures the lender that you will repay the money. Guarantor – is a person that sings the agreement thus giving his guarantee that you will repay the loan. Payday loans are unsecured which means to get cash advance you don’t need either a collateral or guarantor.

Available for Bad Credit

Get cash for the holidays! Get a loan of up to $15,000 as soon as the next business day! Wrap Up the Holidays with up to $15,000 in Cash! This holiday season, get the cash you need. We’ll connect you with a lender who can provide up to $15,000 to take care of all of your holiday expenses!

Benefits:

  • Easy Online Application
  • Safe and Secure
  • Fast Decision
  • Trusted Source

PayDay Loan Calculator

?
Select the amount for the loan you want in order to get the principal, which is the basis that we use to calculate the interest and the total cost of the cash advance.
?
The number of days within that you will be ready to repay the loan. It’s used to count the total cost of cash advance by multiplying the days by the amount of interest.
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To calculate the total cost of your loan, we take the minimal average APR legal in all States, which is 36%. This figure is only a representative, providing you with general information on how much the loan may cost. To find out a more accurate total, fill in the Annual Percentage Rate required by the lender you want to apply to.
?
It’s the money charged by the lender for doing all the necessary paper work, bank transactions, etc., connected with lending you the money.
$ Your loan
+ $ Your fee
= $ Total Cost*

* Total Cost - The sum of money you are to pay off within the term you’ve chosen if you borrow the stated above amount for the average (or required by your lender) APR.

All the calculations are provided as guides only. They don’t guarantee 100% the same cost you are going to be charged but they do help you understand the overpay much better. Unless you change the APR, the calculations will be based on the average or lowest rate represented by most lenders for each loan type. You’ll find the accurate interest rate as well as the real cost of your cash advance after you get approved before you sign the agreement. It will depend on many factors including the amount, the term of the loan, your credit score and the lender’s conditions. Interest rates are not fixed figures and are subject to change at any time. As soon as you fill out an application and get approved all the details concerning the rates and terms will be sent to you.

Before you apply for a short-term cash advance consider other Payday Loan Alternatives

A warning about short-term payday loans

Applying for a short-term Payday Loan you should be very careful and responsible. Plan your budget carefully not to default the loan. Though an overpay may be only $1 a day for 100 dollar cash advance you must remember that not paying off the money on time may lead to additional penalty or NSF fees and high total cost.

So, before you make a final decision to apply for a Payday Loan consider other alternatives that may be helpful when you need urgent funds:

  • Think of other more affordable types of loans with lower rates and fees and longer repayment terms such as Installment Loans and Personal Loans,;
  • Consider Debt Consolidation Loans, Credit Builder Loans, Credit Cards;
  • Try social services and local assistance programs;
  • Look for additional part-time jobs or some side gigs and freelance opportunities;
  • Start recycling for money;
  • Address a person able to help you – employer, creditors, family and friends;
  • Use traditional banks or credit unions to get cash.

And keep in mind that the most important thing about any loan, especially Payday Loan is to pay it off on time. It helps you avoid rollovers, renewals or extensions and increases your chances to get out of debt fats and easy.

Washington Payday Loans and Cash Advance Laws, Rates and Terms.

Contents:

Washington Payday Loans laws.

Online Payday Loans in Washington.

Bad credit Payday Loans in Washington.

Quick Unsecured Payday Loans in Washington.

Payday loans calculator: rates and fees in Washington.

Payday Loans from Direct Lenders in Washington.

No credit check Payday Loans in Washington.

Washington Payday Loan alternatives.

Washington Payday Loan FAQ. 

Washington Payday Loans laws.

Washington_Payday_Loans_Rules_and_Regulations.pdf

First of all, Payday Loans are legal in Washington according to the Wash. Rev. Code Ann. 31.45.010 et seq..  Though there are certain rules which state:

  • The maximum amount of $700 or 30% of gross monthly income, whichever is less.
  • Maximum 8 loans in 12 months.
  • The maximum repayment period is 45 days.
  • The maximum fee is 15% for the first $500; 10%: remaining portion of the loan in excess of $500 up to the $700 maximum.
  • The maximum APR is 390%.
  • No rollovers or extensions are allowed.
  • Repayment plan for 90 days for debt of $400 or less and at least 180 days for larger debts without any additional fees.
  • Criminal charges are prohibited.

If you want to file a report or complaint on Payday lenders in Washington, address Washington Department of Financial Institutions1

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000

Online Payday Loans in Washington. 

Any resident of Washington can apply for a Payday Loan both online and in-store. But, of course, online lending is becoming more and more popular as it has plenty of advantages:

  • it gives you a chance to compare a lot of different offers at once,
  • you can avoid driving, doing paperwork and waiting in lines,
  • applying is free and simple, 
  • you have very high chances of approval even with a bad credit score,
  • you can find some lenders ready to give you the loan with no credit check,
  • it's available 24 / 7.

Internet payday lenders that do business with Washington residents must be licensed by DFI and adhere to Washington's loan limits and terms.

The process of applying online is quick and simple:

 

you compare the lenders and choose the one with the best rates and fees;

 

 

 

you fill out the necessary information in the application form

 

 

you get the money deposited into your account within 1 business day

 

 

 

you pay off the loan with your next paycheck

 

 

 

Start with the first step - compare the top-rated Payday Lenders online.

Bad credit Payday Loans in Washington. 

Bad credit loan is the type of credit given to borrowers with a FICO score below 640. You usually need at least 600 to qualify for such loan. To get money you may turn to credit unions, family, friends, peer-to-peer lending platforms or use online lending service. When choosing an online lender for a bad credit loan, there are important features to take into account. You can find all these important criteria on COMPACOM.com website, which gives you a unique opportunity to compare companies. Pay attention to:

  • Type of lending company
  • Credit history and general qualifications
  • Co-signer option
  • Additional eligibility qualifications
  • Employment requirements
  • Interest rates and types
  • Loan terms
  • Fees and penalties
  • Repayment options

The types of loans available for bad credit applicants are Payday Loans, Personal Loans and Installment Loans. They typically have higher interest rates and shorter terms than loans offered to people with good credit. You are most likely to get a Payday cash advance as its amount is not very high, $100 - $1000, and the APR on the contrary may exceed 400%. This fact shouldn’t frighten you as due to short (14 - 30 days) term the overpay could be only $1 a day.

Quick Payday Loans in Washington. 

Payday Loans are considered to be fast because:

  • it takes only some minutes to apply
  • you get instant decision
  • the money is deposited into your bank account within a day, or sometimes - an hour.

If you really need money fast consider applying in-store. Check cahsers may give you the cash at once.

The main reasons to apply for a Payday Loan in Washington are:

  1. You get the funds fast. Banks take a while to qualify you for a loan. Direct lenders usually guarantee instant approval.
  2. You can spend the money on any personal needs you have. 
  3. It's possible to find a lender ready to approve you with no credit check
  4. If you have bad credit score and can't get a loan from banks and other traditional financial institutions, you can always find a direct lender ready to help you.
  5. The requirements for a Payday Loan are very simple:
  • US residence
  • Minimum regular income of $1,000 per month
  • Valid checking or savings account with direct deposit
  • Phone number and e-mail address (if applying online, you must be able to be contacted via phone if verification of application information is necessary)
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
  • If applying Online, you must provide a valid Social Security Number
  • If applying at Loan Store, you must bring a valid government issued photo ID. A Social Security Number might not be required
  • If applying in-store, you must bring proof of income and proof of a bank checking account. Debit cards or pre-printed checks may be accepted in your state as proof of bank checking account; contact your local store for details. Acceptable documents may vary by state.

Short-term loans calculator: rates and fees in Washington. 

The total cost of any loan consists of the principal, interest and additional fees. In Washington a Payday Loan lender will charge you with:

  • The maximum APR for a 14-day $100 loan of 390%
  • 15% of the first $500, 10% for any amount between $501 to $700
  • A one-time $25 non-sufficient funds (NSF) fee and possible collection costs

According to the Attorney General's Office's annual report on Payday lending in 2016, there were 414,284 payday loans made during that year for a total of more than $165 million. That's an average of about $400 per loan.

To pay loans of that amount off, borrowers had to pay 45 percent in interest, or about $32.

Additionally, they are charged origination fees of nearly $38 and monthly maintenance fees of $49.

Altogether that averages to an annual percentage rate of 129 percent, according to Coffman's office.

To find out how much the necessary amount Payday Loan will cost you may use our calculator.

Payday Loans Direct Lenders in Washington. 

Both online and in-store direct Payday lenders must:

  • be licensed and follow the rules set by the Payday Loans Act, 2008;
  • include the most relevant information on the first page of your contract: the amount of the loan, the terms of the loan, the cost of the loan;
  • never ask for or accept payment by automatic deduction from your paycheck (assignment of wages)
  • explain the cost of a payday loan and its possible consequences.

First of all, before choosing a lender do some research, don't apply with the first company you see, be responsible as it can influence your future financial wellness.

  • Surf the Internet;
  • Use some comparing services such as compacom.com;
  • Read the customers' reviews, etc.

Before signing an agreement with a lender find out:

  • if he is licensed;
  • if he follows all the state's rules and regulations concerning amounts, terms and fees for Payday Loans;
  • if he promises and guarantees too much or seems too good - keep in mind that several loans at a time, no credit check loans, garanteed approval are more likely to be a myth;
  • if he has a safe website and protects your personal information.

When you do sign an agreement with the lender you've chosen don't forget what the Washington law says about it:

  • the agreement must contain the name and address of the lender and his office, the name of the lender's representative who signed the agreement, a clear description of the agreement including the date of the loan, the amount, the loan term, and the transaction number.
  • there mustn't be any prepayment fees, 
  • no additional guarantor can be required,
  • the money should be provided in the form of cash, other forms are allowed only with the borrower's agreement,
  • a borrower should get the copy of this agreement 

No credit check Payday Loans in Washington. 

To find the lender ready to approve you for a Payday Loan without credit check is hard but possible. But you must understand that the fees for such cash advance may be higher than usual as it's more risky for the lender. So consider getting a loan with at least soft credit check. It'll make the process more safe for both you and the lending compeny and the loan will be cheaper. Still it won't damage your credit history.

Washington Payday Loan alternatives.

Before applying for a Payday Loan you should carefully learn the law and know your rights concerning shortt-term lending.

Must know!
  • Any payday loan obtained from a lender not licensed with the DFI, and not repaid to the lender may not be collected by lender and the lender may not pursue action in Washington State to collect the debt. 
  • You have the right to change your mind about the loan within one day.
  • You have the right to know all of the costs involved. You also have the right to a payment plan.
  • A payday lender may not threaten criminal prosecution as a method of collecting a past due loan.
  • A payday lender may not allow a borrower to use a new payday loan to pay off an existing payday loan by the same lender or an affiliate of the lender.
  • Under the Truth in Lending Act, the cost of credit must be disclosed. Among other information, you must receive information outlining the finance charge and the annual percentage rate (APR). The APR informs you of the cost of your loan. For example, a 14-day, $500 payday loan with the maximum fee permitted by statute would have an APR of 391.07%.

If for any reason you want to avoid getting a short-term Payday Loan - consider the following alternatives:

  • Installment Personal Loans - they are cheaper and repaid over a longer period of time;
  • State Assistance Programs - if you are the resident of Washington and have a low income you are eligible to get some help from the Government;
  • Ask your family or friends for help - it may sound embarassing bt they usually don't charge any interest and fees for giving you the money. Just keep in mind, you 'll have to pay it off all the same;
  • Apply for credit counselling fron non-profit organisations;
  • Plan your budget more carefully, save money, or earn some extra money.

FAQ.  

 
How many Payday Loans can i take in Washington at a time?
 
Can i get a rollover or repayment plan in Washington?
 
Are there any penalty fees for not paying a Payday Loan on time in Washington?

 

Payday Loans under certain economic conditions in Washington

Not everybody might know that the nickname of Washington is The Evergreen State. Its population counts up to 7 530 552 people. Not all of them are aware that their state is famous for : "Being the birth place of the grunge movement and the bicycle friendliest state". But 1 967 733 WA residents definitely know about the popularity of easy, convenient and legal Payday Loans as they borrow them at least once a year. Washington produces 2.58% of the US GDP (Gross Domestic Product), which is $476 770 mln and puts the state on the 14th place among all the others. A median household income here constitutes $64 129, or $31 841 per capita to compare with the price parity of 86.8 out of 100. These figures prove once again how hard it may be sometimes to make both ends meet with an average weekly wages of $612. Not surprisingly, the poverty rate reaches 13.20%, or 913 thousand people, i.e. the 19th position all over the country. No wonder 57% state’s residents are in need of a quick and easy money, which can be applied for in-store or online in the type of Payday, Installment or Personal loan.

Requirements to qualify for a Payday Loan in Washington:

What do I need to qualify for a short-term cash advance?

Independent lenders have their own individual requirements that must be met, but typical minimum requirements include, but may not be limited to:

  • Washington (US) residence
  • Minimum regular income of $1,000 per month
  • Valid checking or savings account with direct deposit
  • Phone number and e-mail address (if applying online, you must be able to be contacted via phone if verification of application information is necessary)
  • Not be a regular or reserve member of the Air Force, Army, Coast Guard, Marine Corps or Navy (or be a dependent of someone who is,) serving on active duty under a call or order that does not specify a period of 30 days or fewer.
  • If applying Online, you must provide a valid Social Security Number
  • If applying at Loan Store, you must bring a valid government issued photo ID. A Social Security Number might not be required
  • If applying in-store, you must bring proof of income and proof of a bank checking account. Debit cards or pre-printed checks may be accepted in your state as proof of bank checking account; contact your local store for details. Acceptable documents may vary by state.

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000

Payday Loan definition.

All you need to know about Payday Loans.

Payday loans, or as they are also called “small dollar”, “bad credit”, “same day”, “short term”, “cash advance” are a kind of easy quick unsecured $100 - $1000 cash advance paid off with your next paycheck in 14 – 30 days. As soon as you are approved you are likely to get the money in your account in 24 hours or even the same day. Bad credit is not a problem to receive the necessary funds. Most direct lender Payday Loans are granted to any borrower with a steady income.

So, the main characteristics of Payday Loans are:

  • $100 - $1000 average loan amount;
  • 14-30 days repayment term;
  • money in your account in 24 hours or even the same day;
  • available even for bad credit;
Interesting to know!

More than 12 mln Americans use cash advance every year.

It’s legal in 36 states (with some restrictions in 9 of them) and prohibited in the other 14 and the District of Columbia.

You can take a Payday loan in storefronts, online and even in a few banks in . It’s very simple to apply for it:

  1. just fill out a form with the state and e-mail address,
  2. if you are over 18, have a permanent job, income and a valid bank account, you have 98% chance to get instant approval from a direct lender;
  3. receive the money in your bank account less than 24 hours.

Payday loans are very attractive for the majority of borrowers because you don’t need any guarantor or collateral, and you can get it even with a bad or poor FICO score.

On the other hand, they are notorious for charging too high APR and leading to a continuous debt trap, but it’s a common myth. To debunk it we provide you with the cost of $100 Payday Loan at 400% APR for 14 days which is only $1 a day. You can calculate the cost of your loan free using our Payday Loan Calculator. Try Payday cash advance and make sure that it’s really as easy as ABC: Affordable, Beneficial, Convenient!

How do Payday Loans Work in Washington comparing to Installment Loans and Personal Loans?

Payday loans in Washington are small dollar ($100 - $1,000) short term (14-30 days, in some cases up to 3 month) cash advance which is characterized by its easiness, speed, availability, even for those with bad credit, or without a credit history.

Payday lending is strongly regulated. Some states restrict or prohibit short-term loans for high costs.

Installment loans in Washington are $1,000 - $5,000 credit borrowed for 6 – 36 months and paid back in equal repayments, usually unsecured and available for those with bad credit score.

Personal loans in Washington are $5,000 - $35,000 credit granted for personal use, usually unsecured, backed up only by your ability to pay it back, for 6 – 60 months and repaid in equal installments.

The process of getting a Payday Loan in Washington is quick and easy both online and in-store:

  1. Fill out a simple application form stating the amount you need, your name and e-mail address;
  2. Get instant decision and approval from one of the best direct lenders;
  3. Read the agreement and if you are satisfied with its terms and conditions sign it;
  4. Get the necessary funds in your account within 1-2 days if you apply online or same day if you go in a store.

NEED CASH FAST?
  • Payday Loans $100 - $1,000
  • Personal Loans $1,000 - $35,000

Washington Payday Loans vs Installment Loans vs Personal loans.

The key differences between Payday, Installment and Personal loans lie in their amount, repayment terms and rates. It can be seen more vividly in the form of the table:

 

Payday loans

Installment loans

Personal loans

Amount

100$ - 1,000$

1,000$ - 5,000$

5,000$ - 35,000$

Term

14 - 60 days

60 days - 36 months

Up to 60 months

Repayment

With the next paycheck

In scheduled installments every fortnight, month, 2 months.

Monthly, or in parts as it’s set in the agreement.

Interest rates, APR

APR – 300%-750%, plus 10-15% of 100$ borrowed

5.99% to 225% APR plus 5% fee

3.99% APR plus 450% origination fee

Collateral or guarantor

No

No

No

The APR is the loan interest rate and is based upon the amount, cost and term of the loan, repayment amounts and timing of payments. Lenders are legally required to show the APR and other terms of your loan before customer executes a loan agreement. APR rates are subject to change.

Taking into account the enumerated peculiarities this or that cash advance is preferred by certain borrowers for their special needs.

Payday cash advances are mostly applied for by people with bad credit, with a low income, who need a little cash for a short period. While Installment and Personal loans better suit the borrowers with good or bad credit, who want to take out higher amounts of money and need more time to pay it back, and don’t want to do a lot of paperwork looking for a collateral or guarantor.

Benefits of different types of loans:

Payday loans
  • Easy, quick way to get extra cash
  • Short repayment term, possibility to pay it back with the next paycheck
  • Suitable and convenient for emergency expenses
Installment loans
  • Higher amount than a payday loan
  • Smaller interest rates
  • Easier to pay off in installments over a longer period of time
Personal loans
  • Rather high amount of money
  • Available without guarantor or collateral (in contrast to mortgages, auto loans, etc.)
  • Easier to pay back having a precise scheduled plan.

As we can deduce, there are credit types, with their advantages and disadvantages, to suit needs and wishes of any American. The only thing you must do – get information and compare the offers. That’s exactly what our service helps you with. COMPACOM – compare all and choose the best one!

Payday Loans for bad credit in Washington

Bad credit loan is the type of credit given to borrowers with a FICO score below 640. You usually need at least 600 to qualify for such a loan in Washington. To get money you may turn to credit unions, family, friends, peer-to-peer lending platforms or use online lending service. When choosing an online lender for a bad credit Payday loan, there are important features to take into account:

  • Type of lending company
  • Credit history and general qualifications
  • Co-signer option
  • Additional eligibility criteria
  • Employment requirements
  • Interest rates and fees
  • Loan terms
  • Additional fees and penalties
  • Repayment options

Types of loans available for bad credit applicants in Washington are Payday Loans, Personal Loans and Installment Loans. They typically have higher interest rates and shorter terms than loans offered to people with good credit. Thus you are most likely to get up to $1000 Payday cash advance. Though its APR may exceed 400% it shouldn’t frighten you as due to short (14 - 30 days) term the overpay could be only $1 a day.

You’ll get up to $1000 cash deposited into your account within 24 hours. Just fill out a simple application form online and get instant approval if you meet the lenders’ basic requirements which typically are:

  • Minimum FICO score of at least 600;
  • Clean credit history; no judgements, liens and bankruptcies on your credit report; and a history of making on-time payments;
  • Stable employment;
  • Proof of identification with a passport, driver’s license or voter’s ID. You’ll also need to provide proof of residence such as a utility bill.

Installment and personal loans are also available for Washington borrowers with a bad credit.

Keep in mind that your score can influence the amount you want to take and the interest rate the lender will offer you. The maximum sum for an installment cash advance is $5000, and for a personal loan - $35000. In any case you need no collateral, no guarantor, no paperwork. No matter whether your credit score is 400, 550, or 600, get the chance to learn more about all the opportunities you have and compare the best lending services you are offered on COMPACOM.com.

Washington Payday Loans Online No Credit Check

Any Washington borrower, especially the one with bad credit, wants to avoid Credit Check. A no credit check Payday loan is a type of loan in which a lender evaluates your creditworthiness without using a credit report, i.e. without doing an inquiry to any of the three major credit bureaus: Equifax, Experian and TransUnion. No formal review of your credit report allows to avoid affecting the credit history and score.

There do exist direct lenders in Washington ready to provide you with a Payday Loan without doing a hard inquiry. They compensate their risk by higher APR or other fees. If you fill out our compacom form online we’ll send it to more than 300 direct lenders and help you find the one with NO credit check option.

But usually credit check is necessary and useful both for the company and for the borrower. Thus the lender can decide whether to approve you or not and you can ensure that you are able to repay the loan.

Payday Loans from Direct Lenders in Washington

A direct lender is any financial institution that can offer you any type of loan directly managing all the lending process themselves without middlemen. Borrowing from a direct lender in Washington has its own advantages and disadvantages:

Pros
  • Faster loan processing and approval; 
  • It’s easier to solve any issues that might come up; 
  • Your personal information won’t be shared or passed to third parties.
Cons
  • If you need to compare several companies you have to go to each site and fill out an application which takes a lot of time and may turn out not very effective; 
  • Applying with a broker or matching service gives you more flexibility and freedom to choose the most suitable loan; 
  • With a direct lender it’s harder to get approval for a loan if you have bad credit while a matching service will be able to find you the necessary funds even with the credit score below 600.

When you apply for a Payday Loan from a direct lender in Washington you:

  1. Go to the lender’s website and read all the information on the necessary loan;
  2. Check the eligibility criteria;
  3. If you suit the criteria and are satisfied with the terms and fees you fill out an application form;
  4. You wait until the lender approves you;
  5. If you are approved, you get the money deposited into your account within 24 hours.

It’s an ideal scenario of borrowing money which happens quite rarely. Usually you need to spend hours surfing the net and choosing a suitable offer. We can make this process quicker and simpler.

We provide you with a network of Washington direct lenders with detailed description of each of them. You just fill out our free compacom form and get immediately matched with the best lenders. It doesn’t make your loan more expensive. Just on the contrary, you can find the cheapest rates and fees offered by direct lenders. Besides, we ensure that all of our partners are licensed companies who work legally and keep your personal information and financial data secure.

Guaranteed Payday Loans from direct lenders in Washington

Many Washington lenders promise you a guaranteed instant approval for a Payday Loan. But be careful, take into account all the risks concerning short-term cash advance. You should understand that not all the borrowers can be approved. Though Washington Payday Loans are really highly available, even for bad credit and with NO credit check sometimes, lenders can’t guarantee 100% approval. If you have no job, very low income, or many debts in the past, your chances to get the money are very low.

The truth is you do get an instant decision from a lender. Especially if you fill out our online application form you save plenty of time and energy and make lending procedure much faster and easier. It takes only several minutes to match you with the necessary lender and get his reply. That’s why Payday Loans are rightly considered the fastest and the easiest.

Same Day Payday Loans in Washington

Payday loans are known to be short-term small-dollar cash advance, starting minimum with $100 and up to $1,000. Applying is easy and quick especially if you apply for a Payday Loan online. The funds can be deposited into your bank account the next business day if you borrow from online direct lenders. If you drive to a store near you in it’s possible to get a Payday Loan with the same day deposit.

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