Washington Payday Loans

Washington State is one of the most beautiful states in the country, in fact it has more glaciers than all the other contiguous states combined.  Washington is the only state named for a United States president and it is home to Mount St. Helen.  The mountain lost over 1,100 feet in height when it erupted in 1980 sending an ash cloud across the United States.  Washington also produces more apples than any other state in the nation and Seattle is home to the first revolving restaurant.

Anyone making payday loans of up to $500 for 31 days or less in the State of Washington must pay a fee and obtain a business license from the state.  The lender must also post a surety bond and pay an annual assessment fee to the state.  Payday lenders must not only display their license in their place of business, they must also post a schedule of fees according to Washington state law.  The laws of Washington are designed with consumer protection in mind.  Any lender violating the laws is guilty of a misdemeanor.  The laws are designed to combat, but are not limited to, unfair and deceptive practices.

Maximum Loan Amount

The loan must not total more than $500 to fall into the short term loan category.

Loan Terms

Loan terms are not to exceed 31 days.  If they do they are no longer considered short term loans.


Loans cannot be deferred beyond 31 days therefore extensions and rollovers are not allowed.

Fees and Charges

State law allows lenders to charge no more than 15 percent of the face value of the loan in fees and charges.

Fee Schedules and APR

The maximum APR for a short term loan is 390 percent.

Seattle Mortgage
7900 Southeast 28th Street Suite 300
Mercer Island, WA 98040
Cashback Catalog Sales Inc
5050 State Highway 303 Northeast Suite 1
Bremerton, WA 98311
Check Point Check Cashing
12510 East Sprague Avenue Suite 8
Spokane Valley, WA 99216
1-2-3 Cash
3311 Bethel Road Southeast Suite 9B
Port Orchard, WA 98366
Cash Store
8901 East Trent Avenue Suite 103
Spokane Valley, WA 99212
Cash Store
5508 Northeast Fourth Plain Boulevard
Vancouver, WA 98661
Cash Flow
32700 Pacific Highway South Suite 8
Federal Way, WA 98003
Advance Till Payday
3902 West Clearwater Avenue Suite 101
Kennewick, WA 99336
Check Into Cash
3815 196th Street Southwest Suite 124
Lynnwood, WA 98036
Cash & Go - Vancouver
4804 Northeast Thurston Way Suite E
Vancouver, WA 98662

Washington Loan Statistics

Pay Schedule
Average Loan Average Age Weekly Bi-Weekly Monthly Twice Per Month Home Owner Renter