Washington Payday Loans

If you need a short-term loan for small financial emergencies, 1F Cash Advance can help. We offer payday loans in Washington with no denials based on bad credit. Our small-dollar loans provide quick access to cash till your next payday, allowing you to cover unexpected expenses, such as unforeseen bills or emergency repairs.

How Payday Loans Work in Washington

Payday loans come in the form of a lump-sum deposit that you need to repay in full after receiving your next paycheck. In Washington, you can borrow up to $700 or 30% of your gross monthly income, whichever is less. The maximum repayment period set under state law is 45 days. Borrowers can only get eight payday loans for a 12-month period. No rollovers, renewals, or extensions are allowed in the state.

Consumer Information

Payday loans should be used for short-term emergency expenses only. They are not intended for your long-term needs or ongoing costs. Since July 2020, lenders are not obliged to check your ability to repay the funds. Be careful and evaluate your financial situation before applying to avoid getting trapped in a cycle of debt.

Payday Loan Laws and Borrower Protections

In Washington, payday lending has specific consumer protection rules to remember:

• No unlicensed lenders. Payday lenders serving Washington residents must be licensed and are regulated by the Washington State DFI. You can verify a license before you borrow.
• No enforceable illegal transactions. Washington law states that transactions violating RCW 31.45.105(1) are “uncollectible and unenforceable.”
• No-cost next-business-day cancellation. Washington law allows a borrower to rescind (cancel) a loan by the close of business on the next business day by returning the principal; the lender can’t charge a rescission fee.
• No unclear pricing. Under the Truth in Lending disclosures, lenders must outline all the loan terms, including the finance charge and APR, before you agree to the loan.
• No-fee payment plan option. In Washington, you may be able to request a no-fee installment plan, typically 90 days for loans up to $400 and 180 days for loans over $400, if you qualify.
• No criminal-threat collections. A payday lender cannot use threats of criminal charges to pressure you into paying a past-due balance.
• No rollover by replacement loan. The same lender (or an affiliate) can’t issue a new payday loan to pay off an outstanding one, which helps reduce debt cycles.

What Will You Need to Apply?

To request a loan, you need to provide just a few basic items:

• Valid government-issued photo ID
• Social Security Number
• Active bank account number and routing number
• Proof of income
• Proof of Washington address
• Valid email and phone number

Before You Take Out a Payday Loan

Before you borrow, run through this checklist:

• Verify the lender’s Washington license. Confirm they’re licensed/authorized through the Washington State Department of Financial Institutions (DFI).
• Try a “no-loan” fix first. Ask your landlord, utility provider, or other creditor about an extension or a payment arrangement before taking on new debt.
• Compare lower-cost options. Check credit union products, small installment loans, or other alternatives that may cost less than a payday loan.
• Borrow only what you truly need. Any extra amount increases your cost, because fees/interest apply to the full balance.
• Plan for repayment. Make sure you can cover rent, food, and essentials, and still repay on time.
• Confirm the exact due date and repayment method. Know when payment is due and how it will be collected (and what happens if your account has insufficient funds).
• Avoid stacking payday loans. Taking multiple payday loans at once can make repayment harder and more expensive.
• Know your backup plan early. If you think you may struggle, learn how repayment plans work before the due date arrives.

Payday Loan Alternatives

If you’re seeking emergency loans in Washington State, here are a few lower-cost alternatives to payday loans to consider.

Installment Loans

Installment loans from 1F Cash Advance come with a maximum loan amount of $5,000 you can get for up to 24 months. The ability to repay the funds in a series of equal monthly installments makes the loan easier to handle.

Payday Alternative Loans

These loans are offered by credit unions as a cheaper and more flexible alternative to payday loans. CU members can borrow up to $1,000 with the ability to repay over 1 to 6 months. Interest rate is capped at 28%.

Credit Card Loans

Credit cards often allow you to withdraw money within a certain limit via an ATM or an issuer’s store. No preliminary application or verification is needed. However, cash advance APRs are higher than those on regular purchases and accrue immediately.

Find 1F Cash Advance in Washington

Looking for a fast cash loan? Our professional team is always here to provide expert advice and help you complete the process.

Branch name: 1F Cash Advance Washington

Address: 17306 140th Ave NE, Woodinville, WA 98072

Phone: (425) 250-6119

Email: [email protected]

Branch Manager: Sandy J. Stevens

Hours:
Monday – Friday: 8:00 am to 10:00 pm
Saturday: 9:00 am to 6:00 pm
Sunday: Closed

Get Started

Need a payday loan in another state? Head to our location page and find a store near you.