Payday Loans in Indianola, Washington

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No payday loan companies in Indianola, WA. Consider companies in other cities:

Company nameAddressZip codePhone number
Sound Credit Union 4524 Point Fosdick Dr, Gig Harbor, WA 98335 +1 (800) 562 - 8130
ATM Homestreet Bank 22001 66th Ave W, Mountlake Terrace, WA 98043 +1 (425) 771 - 8000
B & I MONEYTELLER CHECK CASHING 8012 S Tacoma Way 20, Lakewood, WA 98499 +1 (253) 584 - 2869
Lu Thi Kim Loan 9416 Delridge Way SW, Seattle, WA 98106 +1 (206) 388 - 9056
Umpqua Bank 19230 Alderwood Mall Pkwy Suite 110, Lynnwood, WA 98036 +1 (425) 744 - 8064
Our Community Credit Union 211 Pioneer Ave E, Montesano, WA 98563 +1 (800) 426 - 5657
HomeStreet Bank and Home Loan Center 8200 35th Ave NE, Seattle, WA 98115 +1 (206) 525 - 2840
Heritage Bank 265 York St, Bellingham, WA 98225 +1 (360) 734 - 7306
Cherry Creek Mortgage, Jeff Hendrickson, NMLS 934227 13 1/2 E Main St Ste 203, Walla Walla, WA 99362 +1 (509) 527 - 3353
WSECU 404 128th St SW, Everett, WA 98204 +1 (800) 562 - 0999

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Indianola, WA, you can try to find different companies in big cities near by. Check out the following pages here: Quick Loan in Lacey, WA, Quick Loan in Lake Stevens, WA, Payday Loans in Lakewood, WA, Payday Loans in Longview, WA, Payday Loans in Lynnwood, WA, Payday Loan Without a Credit Check in Marysville, WA, Guaranteed Loans in Mount Vernon, WA and Payday Loans in Olympia, WA. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Indianola, WA.

Beautiful sights of Indianola, WA

Payday Loans Available in Indianola, WA By The Following ZIP Codes:

98342

Are Payday Loans Legal In Indianola, Washington?

Loan Rates and Fees, Laws and Regulations in Washington.

Washington Loan Regulations

Legal StatusLegal (Lender must have a small loan endorsement to their check casher license in order to make payday loans)
Interest Rate (APR, %)391
Maximum Loan Amount$700 (*or 30% of gross monthly income)
Minimum Loan TermNot Specified
Maximum Loan Term45 days
Number of Rollovers Allowed0
Finance Charges<$500 = 15%; >$500 = 10%

Indianola, WA payday loan calculator

Everything You Need to Know About Payday Loans in Indianola, Washington

When facing a financial emergency or unexpected expense, many individuals turn to payday loans as a quick solution. In Indianola, Washington, payday loans are legal as long as the lender has a small loan license from the state. But before you consider taking out a payday loan, it’s important to understand what they are, how they work, and the potential risks they carry.

What are payday loans?

A payday loan is a short-term loan, typically for a small amount of money, with a repayment period of two weeks to a month. These loans are designed for individuals who need quick cash to cover an emergency expense or make ends meet until their next paycheck. Payday loans are often the only option available for those with poor credit or who cannot access traditional loans from banks or credit unions.

How do payday loans work?

To obtain a payday loan in Indianola, Washington, a borrower typically needs to provide proof of employment and income, a valid ID, and a postdated check or electronic access to their bank account. The lender then provides the borrower with the loan, with interest and fees charged on top of the borrowed amount.

When the loan is due, the borrower must either repay the full amount plus fees, or roll over the loan by paying only the fees and extending the repayment period. Rolling over a payday loan can be dangerous as it often results in a cycle of debt, with interest and fees piling up and making it difficult for the borrower to ever fully repay the loan.

What are the risks of payday loans?

Payday loans can carry a high level of risk for borrowers, primarily due to their high interest rates and fees. In Indianola, Washington, the maximum amount a lender can charge for a payday loan is 15% on the first $500 borrowed, and 10% on any amount over $500. Additionally, there is usually a fee of $15 per $100 borrowed.

These high costs can quickly add up, putting borrowers in a difficult financial situation. Rolling over a payday loan can lead to even higher interest rates and fees, making it nearly impossible to escape a cycle of debt.

Interesting Facts and Statistics About Payday Loans in Indianola, Washington

  • The average payday loan in Washington is $374, with an average fee of $55 per loan.
  • Over 20% of payday loan borrowers in Washington roll over their loans four or more times, resulting in a cycle of debt that can last for months or even years.
  • A study found that areas with higher concentrations of payday lenders had higher rates of poverty and minority populations.

Apply Now for a Payday Loan in Indianola, Washington

If you are considering a payday loan in Indianola, Washington, it’s important to understand the potential risks involved. At TheGuaranteedLoans, we offer a convenient online application process that connects borrowers with potential lenders. While we are not a direct lender, we strive to provide a reliable and trustworthy service for those in need of financial assistance.

Our online application process is easy and secure, allowing you to apply from the comfort of your own home. Simply fill out our application form and we will connect you with a potential lender who can offer you the loan you need.

Remember, a payday loan should only be used as a last resort when facing a financial emergency. Don’t be afraid to explore other options, such as borrowing from family or friends, negotiating with creditors, or seeking assistance from local community organizations.

Apply now for a payday loan in Indianola, Washington, and take the first step towards financial stability.

F.A.Q.

Can I apply for a payday loan in Indianola, Washington if I am a member of the military?

Yes, members of the military are eligible to apply for payday loans in Indianola, Washington. However, they are subject to the same laws and regulations as other borrowers.

Is it necessary to provide collateral to get a payday loan in Indianola, Washington?

No, payday loans in Indianola, Washington are unsecured loans, which means no collateral is required.