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Let me make it clear about Washington Payday Loan Law and Legislation

Let me make it clear about Washington Payday Loan Law and Legislation

Payday financing is appropriate in Washington.

Within the state of Washington, the utmost pay day loan amount must not go beyond $700 or 30percent regarding the gross month-to-month earnings. The utmost loan term is 45 times. Average APR for a $300 cash advance is 391%*. Finance costs for loans smaller compared to $500 must not meet or exceed %15, for loans bigger than $500 – 10%.