Washington State payday loans are a small sum of money that are given to the needy people of Washington State under the condition that, the outstanding amount would be given to the lender on the borrowers next payday. Payday loans are legal in Washington. Washington Payday Loans company must posses the license and the license must be displayed in plain view and list a schedule of fees.

Washington law prohibits a cash advance company from holding a check or checks that exceed $700 including permissible fees from any one customer at a given time. Washington Payday Loans providers have a private right of action against defaulting borrowers; however, they cannot bring criminal proceedings for collection purposes.

The loan term is 31-45 days. Payday loan stores are not permitted to offer consumers an extension or rollover. A check cash advance creditor is allowed to charge customers a fee or interest rate that is not greater than 15% of the initial $500 of the principal. For amounts ranging from $501 to $700, the lender may charge 10% of the loan amount.