Payday Loans
A payday loan is a small, unsecured, high interest, short-term cash loan. In most cases, consumers write a post-dated, personal check for the advance amount, plus a fee. The lender holds the check for the loan period and then deposits it, or the customer returns with cash to reclaim the check.
Although a payday loan may be a convenient short-term solution, it is inappropriate for long-term cash needs.
Verify That A Payday Lender Is Licensed
- To verify that a payday lender is licensed to do business in Washington State, visit our online licensee database. Be sure to click the button for small loans (payday lenders).
Information and Assistance from DFI
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File a Payday Loan Complaint
Payday lending complaints are handled by DFI's Division of Consumer Services. -
Thinking of a Payday Loan?
En Espaņol
Information for individuals who are considering a payday loan. -
2007 Payday Lending Report (PDF)*
The 2007 Payday Lending Report published by DFI.
* This document is a PDF file, and you will need Adobe Acrobat Reader to view it. If you don't already have Acrobat Reader installed on your computer, you may download it for free from Adobe.
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