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Washington Rates and Terms

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Washington Consumer Rights Pamphlet

Washington Consumer Rights Pamphlet in Spanish

Payday Loan Terms

Our short-term payday loans put a cash deposit directly into your checking account. In general, the due date of your loan is tied to your next pay date. See HOW YOUR DUE DATE IS DETERMINED below for details. When your loan is due, we automatically access your checking account via an authorized electronic withdrawal or, if you have provided it, the debit card associated with your checking account. For alternative repayment options, please contact us.

Representative Example of Payday Loan Fees:

A 18-day payday loan of $500.00 has an APR of 304.17% and a finance charge of $75.00.

To view additional examples of payday loan fees, select a loan amount and loan duration from the drop-down menus below. Your results will be shown below once you select a loan amount and duration, and click the ‘Submit’ button.

 
day Payday Loan of has an APR of %. Finance Charge: .

This payday loan fee calculator is only for illustrative purposes and provides an example of a typical payday loan we offer to qualified applicants. If approved, the specific rates and terms of your loan agreement will depend on your qualifications.

If you have questions about your rights and responsibilities when taking out a payday loan, please contact us at 1-800-460-4305. If we are unable to answer your questions please feel free to contact the Department of Financial Institutions at 1-877-746-4334, or 360-902-8700, or by mail to Department of Financial Institutions at 150 Israel Road S.W., Tumwater, Washington 98501.

A single payday loan is typically two to four weeks. However, borrowers often use these loans over a period of months, which can be expensive. Payday loans are not recommended as long-term financial solutions.

How your due date is determined:

The term of these payday loans is 7-45 days. The system will set your loan due date to coincide with your next payday, unless your next payday is less than 7 days away. If you need a different due date, please call 1-800-460-4305 for assistance. Whenever possible, we suggest making your loan due date on your next payday.

REPAYMENT OPTIONS:

When your loan is due we will automatically withdraw the total amount due from your checking account via an authorized electronic withdrawal or, if you’ve provided it, the debit card associated with your checking account. If you need an alternative method of payment, please call 1-800-460-4305. Please remember that if you cannot repay your loan in full on its due date, you should contact us one banking day before your loan is due. Refinances are not allowed in Washington.

You have the right to enter into an installment plan if you are unable to pay your small loan when it is due. If you are unable to pay your loan when it is due, you may convert your loan to an installment plan with us by notifying us on or before the loan's due date. If your loan amount is $400 or less, you may enter into an installment plan that allows you to pay off your loan in substantially equal payments over 90 days. If your loan amount is more than $400, you may enter into an installment plan that allows you to pay off your loan in substantially equal payments over 180 days. An installment plan will allow you to pay all that you owe without having to pay any additional fees, interest charges or other charges.

ACH/EFT Authorization:

Your online agreement will be governed by the laws and regulations of the state of Washington. If your authorized ACH debit is returned for any reason you agree to the following:

• You are authorizing us to initiate electronic debits or drafts to your account in the amount up to, or less than the amount owed, until the amount owed is paid in full. Your authorization shall remain in effect until we have received written notice of its termination. We must also have had a reasonable opportunity to act on this authorization.
If you have questions or concerns regarding your Cash Central/CCF loan, please contact us.

Your right to rescind this loan:

You have the right to rescind your loan by contacting us and requesting a withdrawal of the loan amount funded by the close of business on our next banking day following the date of this loan. We may not charge you for canceling the loan and the ACH authorization becomes void if you rescind the loan.