Payday Loans in North Lakewood, Washington

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

Company nameAddressZip codePhone number
WSECU 4540 6th Ave SE, Lacey, WA 98503 +1 (800) 562 - 0999
Kitsap Credit Union 8196 NE State Hwy 104, Kingston, WA 98346 +1 (360) 662 - 2000
Entrust Home Loans 12900 NE 180th St 235, Bothell, WA 98011 +1 (425) 533 - 9400
Lower Valley Credit Union 580 Wine Country Rd, Prosser, WA 99350 +1 (877) 406 - 5828
Columbia Credit Union 271 C St, Washougal, WA 98671 +1 (360) 891 - 4000
Civic Financial Services 550 Kirkland Way 404, Kirkland, WA 98033 +1 (425) 385 - 9014
Chase Mortgage 26603 Lindstrom Rd, Stanwood, WA 98292 +1 (360) 629 - 3552
Ward Lending Group LLC 2950 Limited Ln NW, Olympia, WA 98502 +1 (360) 701 - 7793
Sterling Savings Bank 3311 Bethel Rd SE 7A, Port Orchard, WA 98366 +1 (360) 876 - 7150
Continental Loan & Jewelry Co. Inc. 10621 NE Coxley Dr 211, Vancouver, WA 98662 +1 (360) 256 - 5043

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in North Lakewood, WA, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Renton, WA, Payday Loans in Richland, WA, Emergency Loan in Sammamish, WA, Payday Loan for Seattle, WA, Payday Loans in Spanaway, WA, Payday Loans in Spokane, WA, Payday Loan Without a Credit Check in Tacoma, WA and Payday Loans in University Place, 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 North Lakewood, WA.

Beautiful sights of North Lakewood, WA

Are Payday Loans Legal In North Lakewood, 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%

North Lakewood, WA payday loan calculator

Introduction

If you’re in need of a quick financial solution to cover sudden expenses, payday loans can be a viable option. However, it’s important to understand the regulations, costs, and risks associated with payday loans in North Lakewood, Washington. In this article, we’ll break down the basics of payday loans in Washington and provide you with tips and insights to help you make informed decisions.

What Are Payday Loans?

Payday loans, also known as cash advances, are short-term loans typically used to cover emergencies or unexpected expenses. Borrowers can receive a loan ranging from $50 to $700, with loan periods ranging from 7 to 45 days. Payday loans are meant to be repaid in full on the borrower’s next payday.

How Do Payday Loans Work in North Lakewood, Washington?

Payday loans are legal in North Lakewood, Washington. The lender must have a small loan license to legally offer payday loans in the state.

Before agreeing to a payday loan, borrowers must provide proof of income and a post-dated check or authorization to withdraw funds electronically from their bank account. When the loan becomes due, the lender will deposit the check or withdraw the funds electronically. If the borrower cannot pay the loan in full, they may be allowed to rollover the loan by paying additional finance charges.

The Cost of Payday Loans in North Lakewood, Washington

Payday loans come with high interest rates and fees. In North Lakewood, Washington, lenders can charge up to 15% of the first $500 borrowed and 10% of any amount over $500. For example, if a borrower takes out a $400 loan for 14 days, they may be charged up to $60 in fees. This translates to an annual percentage rate (APR) of 391%.

It’s important to carefully read the terms and conditions of any loan and understand all fees and charges before signing a loan agreement.

The Risks of Payday Loans

While payday loans can provide quick financial relief, they also come with risks. One of the biggest risks is falling into a cycle of debt. Borrowers who cannot repay their loans in full may be charged additional fees and interest, leading to more debt and financial stress.

Additionally, payday loans do not typically contribute to building credit history, unlike other loans such as personal loans or credit cards. This can pose a problem for borrowers who may need to borrow money in the future and have a poor credit history.

Applying for Payday Loans in North Lakewood, Washington

If you’re considering a payday loan, it’s important to understand the application process. TheGuaranteedLoans can help you connect with potential lenders in North Lakewood, Washington. Simply fill out our online application form and we’ll help match you with lenders who may be able to offer you a payday loan.

It’s important to remember that TheGuaranteedLoans is a connector service, not a direct lender. We do not make credit decisions or provide loans. Instead, we facilitate the connection between borrowers and potential lenders.

Interesting Facts and Statistics About Payday Loans in North Lakewood, Washington

– In Washington state, the payday loan industry generates over $1 billion in annual revenue.

– On average, payday loan borrowers in Washington take out 8 loans per year.

– The highest number of payday lenders in Washington state is in Spokane, with over 30 lenders operating in the city.

Conclusion

Payday loans can provide quick financial relief in times of need, but they come with high fees and risks. It’s important to carefully consider all options and understand the terms and conditions of any loan before agreeing to it.

If you’re considering a payday loan in North Lakewood, Washington, TheGuaranteedLoans can help you connect with potential lenders. However, it’s important to remember that we are a connector service, not a direct lender.

We hope this article has provided you with valuable insights and information about payday loans in North Lakewood, Washington.

F.A.Q.

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

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

Are there any restrictions on the number of payday loans that a single borrower can take out in North Lakewood, Washington?

Yes, Washington state law only allows borrowers to have one outstanding payday loan at a time.