Payday Loans in Mansfield, Washington

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

Company nameAddressZip codePhone number
Bank of America with Drive-thru ATM 7407 NE Hwy 99, Vancouver, WA 98665 +1 (360) 696 - 5515
Hansen Kevin 1206 N Dolarway Rd 112, Ellensburg, WA 98926 +1 (509) 962 - 3008
ACE Cash Express 311 River Rd #105, Puyallup, WA 98371 +1 (253) 445 - 6086
Evergreen Home Loans Port Angeles NMLS 1250094 1115 E Front St Suite B, Port Angeles, WA 98362 +1 (360) 203 - 3690
Moneytree 1420 Marvin Rd NE, Lacey, WA 98516 +1 (360) 486 - 9900
Coastal Community Bank 425 Main St, Sultan, WA 98294 +1 (360) 793 - 2881
Preferred Home Loans a division of Finance of America Mortgage LLC 16300 Mill Creek Blvd, Mill Creek, WA 98012 +1 (425) 582 - 8918
Seville Designs 8115 Linden Ave N, Seattle, WA 98103 +1 (206) 715 - 1887
ACU - University Place Branch 4323 Bridgeport Way W, University Place, WA 98466 +1 (253) 964 - 3113
Peoples Bank 107 S Main St Suite C101, Coupeville, WA 98239 +1 (360) 678 - 3215

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Mansfield, WA, you can try to find different companies in big cities near by. Check out the following pages here: Bad Credit Loans in Pasco, WA, Bad Credit Loans in Pullman, WA, 24-Hour Loan in Puyallup, WA, Online Loans in Redmond, WA, Payday Loans in Renton, WA, 24-Hour Loan in Richland, WA, Payday Loan Without a Credit Check in Sammamish, WA and Payday Loan Without a Credit Check in Seattle, 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 Mansfield, WA.

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

98830

Are Payday Loans Legal In Mansfield, 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%

Mansfield, WA payday loan calculator

Payday Loans in Mansfield, Washington

Payday loans are small dollar loans that are typically repaid on the borrower’s next payday. They are designed to help people get through unexpected financial emergencies, such as a car repair or medical expense, when they don’t have enough cash on hand. Payday loans are legal in Mansfield, Washington, but lenders must have a small loan license to operate in the state.

How Payday Loans Work

Payday loans are relatively easy to obtain. Typically, a borrower only needs to provide proof of income, an ID, and a checking account. The lender will then provide the borrower with cash upfront, and the borrower will agree to repay the loan plus interest and fees on their next payday.

Payday loans are usually due within two weeks of the initial loan, but they can be extended for a fee. In some cases, borrowers may take out another loan to cover the first one, resulting in a cycle of debt.

Interest Rates and Fees

In Mansfield, Washington, payday lenders are limited to charging no more than 15 percent for the first $500 borrowed, and then 10 percent for any amount above $500. For example, if a borrower takes out a $400 loan, the maximum finance charge they can be charged is $60.

In addition to interest, payday lenders may charge fees for check cashing, loan processing, and loan renewal. These fees can add up quickly and make the loan more expensive than anticipated.

Benefits of Payday Loans

  • Quick access to cash
  • No credit check required
  • No collateral needed
  • Easy to qualify for

Drawbacks of Payday Loans

  • High interest rates and fees
  • Short repayment period
  • Potential for cycle of debt
  • No benefit to credit score

Interesting Facts about Payday Loans in Mansfield, Washington

  • As of 2016, there were more payday lenders in Washington than there were McDonald’s restaurants.
  • The average payday loan borrower in Washington takes out eight loans per year.
  • Payday lenders in Washington collected an estimated $158 million in fees in 2017.

Apply Now

If you’re in need of a payday loan in Mansfield, Washington, TheGuaranteedLoans can help. We are a connector service that can help connect you with potential lenders. Fill out our online application today to get started.

Please note that TheGuaranteedLoans is not a direct lender and does not make lending decisions. We simply facilitate the connection between borrowers and lenders.

F.A.Q.

How much can I borrow with a payday loan in Mansfield, Washington?

The maximum amount that can be borrowed with a payday loan in Mansfield, Washington is $700. This limit applies to all payday loans, regardless of the lender or the borrower's credit history.

What are the fees and interest rates associated with payday loans in Mansfield, Washington?

Payday lenders in Mansfield, Washington are required to charge a maximum interest rate of 15% per $100 borrowed. In addition to this interest rate, lenders may also charge fees for things like origination, late payments, or prepayment of the loan.