A cash advance is a short-term, high-cost loan that really must be repaid on or before your following payday, whether your revenue is from work or federal government advantages. Payday advances are created by storefront lenders, check always cashers, pawn stores, credit unions, and providers that are internet-based. Publication #0600EN
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What’s an online payday loan?
A pay day loan is a short-term, high-cost loan you have to repay on or before your following payday. No matter if the earnings is from government or employment advantages.
Who are able to make an online payday loan?
In Washington, anybody supplying a cash advance, even online loan providers, should have a permit through the Washington State Department of banking institutions (DFI).