Payday Loans in Washington (WA) Near Me No Credit Check

Washington is a Pacific Northwestern state of around 7.5 million residents in America. Interestingly, it’s the only state of America that is named after a US president. It’s the biggest collection of Science, Technology, Engineering & Maths (STEM), the fields in which most of the netizens work. There are some sectors that drove the economy of the state, some of them are Real Estate, Manufacturing, Aerospace, Trade, Agriculture, Power Production, and Forestry. In fact, Washington is the home state of a few internationally famous firms like Starbucks, Microsoft, and Boeing. People who live under poverty line are quite less as compare to the national average.

 

In terms of financial aid, Washington has offered payday loans but up to $700 or 30% of gross salary (whichever is less), you can’t borrow above that. The term that is specified in the laws is a maximum of 45 days but the minimum is not mentioned so depends on your lender and loan amount. The annual interest rate is around 391% for a loan of $300 and the other finance charges are 15% for an amount less than $500 and above that, it is 10%. Any kind of extension in the refunding period is not permitted. Also, you can acquire only 8 payday loans in a period of 12 months.