Washington Cash Advance Law and Legislation. Payday financing is appropriate in Washington.

Washington Cash Advance Law and Legislation. Payday financing is appropriate in Washington.

The maximum pay day loan quantity must not surpass $700 or 30percent associated with gross month-to-month earnings into the state of Washington. The utmost loan term is 45 times. Average APR for the $300 advance loan is 391%*. Finance costs for loans smaller when compared with $500 should never rise above %15, for loans larger than $500 ??“ 10percent.

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