What’s a quick payday loan?
Authored By: Northwest Justice Project – CLEAR Intake Line
A cash advance is a short-term, high-cost loan that really must be reimbursed on or before the next payday, whether your earnings is from work or federal government advantages. Payday advances are produced by storefront lenders, check always cashers, pawn stores, credit unions, and providers that are internet-based. Publication #0600EN
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What exactly is a quick payday loan?
A pay day loan is a short-term, high-cost loan you have to pay off on or before the next payday. It doesn’t matter if for example the earnings is from government or employment advantages.
Who is able to make a quick payday loan?
In Washington, anybody supplying a pay day loan, also online loan providers, will need to have a permit from the Washington State Department of finance institutions (DFI). Continue reading