The 5 Best Payday Loan Lenders in Seattle, Washington

The 5 Best Payday Loan Lenders in Seattle, Washington
Author : Chris Morgan
Updated on : August 28th, 2022

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Known as the Emerald City, Seattle Washington is famous for its unique vibe. Whether it's the unique coffee culture that includes the first Starbucks or its position as the birthplace of grunge music, Seattle is definitely a place that has its own special feel. Not to mention that Seattle is also known for its rainy climate averaging at least 150 days of rain each year. 

Seattle residents may have debt raining on their parade. The Urban Institute conducted a financial health study of Seattle residents which revealed that nearly one in four Seattle residents are currently holding delinquent debt. 

The financial condition of many Seattle residents is a nod to the need for more effective financial management practices and resources. There are times when emergencies happen and funds are needed immediately. This is when a payday loan is a viable option. 

To assist with a better understanding of payday loans, we have compiled a list of the 5 best payday loan lenders in Seattle, Washington along with answers to commonly asked questions about payday loans.

Are Payday Loans Legal in Seattle?

According to the Consumer Federation of America Payday Loan Information for Consumers, payday lending is legal in Seattle and throughout Washington State. There are specific payday loan lending stipulations as follows:

  • Payday loans cannot exceed $700 and/or 30% of the gross monthly income.
  • The maximum loan term is 45 days.
  • Payday loan rollovers and extensions are not allowed.
  • Finances charges for payday loans are capped at a specific percentage. For payday loans smaller than $500, charges cannot exceed 15%. For payday loans larger than $500, charges cannot exceed 10%.

The 5 Best Payday Loan Lenders in Seattle, Washington

The following are the 5 best payday loan lenders in Seattle. The provided companies offer payday loan services which require that applicants provide information to receive a payday loan. Because of this, payday loan companies do not offer guaranteed payday loans. Those interested in obtaining a payday loan are advised to research the payday loan requirements to determine payday loan eligibility.

LendYou Logo

LendYou is our first choice for payday loan services. They have been in operation since 2005 providing a variety of loan services to the general public. One of the best features of LendYou is the easy-to-use platform allowing consumers to locate the funding desired for both payday and installment loans. 

LendYou is an online broker that acts as a central location for lenders. This allows consumers to visit one place and have access to numerous lenders at once. This makes the process of finding a payday loan much easier. 

Some reasons why LendYou is the preferred choice for payday loans are:

  • No need for credit; all credit types accepted
  • Transparency of rates and services
  • Availability of flexible rates and loan amounts
  • Get fast payday loan approvals
  • Exceptional customer service

Our LendYou Complete Review provides more information about the payday loan services offered. 

Max Cash Title Loans Logo

Max Cash is our second preferred choice for payday loans in Seattle. Like LendYou, MaxCash is an online broker connecting people with loan products and services. In business for more than a decade, MaxCash is proud to have helped over two million people get access to the loan funds that they need. Plus, MaxCash has a platform that makes getting a payday quite convenient. 

We prefer MaxCash for payday loans because:

  • Convenient access to multiple lenders
  • Quality customer service
  • Access to informative financial articles 

Read our Max Cash Payday Loans Full Review & Guide for more information about payday loans.

Moneytree Logo

Since 1983, Moneytree has offered financial services throughout Washington state. Its mission is to treat customers, its team, and the local communities in which they operate in the way that want to be treated. Moneytree does this through a commitment to offering the best financial services possible to ensure customer satisfaction. To obtain a payday loan via Moneytree, customers can apply at a local branch. The application process takes minutes upon review of qualifying information (proof of income, banking information, and valid identification). Payday loan customers can choose to receive cash in hand at a local branch or via a debit card

Contact Information:

  • Address: 10500 Greenwood Ave N, Seattle, WA 98133
  • Phone: (206) 782-2274
Check Into Cash Logo

Check Into Cash is a provider of financial services including short-term credit options, check cashing, bill pay services, as well as payday and installment loans. Since 1993, Check Into Cash has made it possible for people to obtain emergency cash quickly as Your One Stop Money Shop® with over 650 stores nationwide. Payday loans are available via an in-store or online application. Payday loan applicants must have valid government-issued identification, a checking account, proof of income, and a valid social security number. 

Moneytree is preferred for payday loan lenders because they offer:

  • An A+ rating from the Better Business Bureau
  • Payday loan application approval within minutes
  • Quick access to payday loan funds via cash in hand or bank account

Contact Information:

  • Address: 5963 Corson Ave S Seattle, WA 98108
  • Phone: (206) 762-5577
Advance America Cash Advance Logo

Advance America Cash Advance offers both payday, installment, and title loans via an in-store or online application. Since 1997, they have issued over 148 million in loans. They offer assistance with the payday loan process via their certified loan specialists. Those interested in a payday loan must have a valid email, proof of income, and an active checking account. 

Advance America Cash Advance is ideal for payday loans due to:

  • Payday loan approval in minutes
  • Same-day loan funding is available at brick-and-mortar locations via cash in hand
  • Funding for online payday loan applications approved by 10:30 A.M. EST is available via bank account by 5:00 P.M. EST same-day.

Contact Information:

  • Address: 2756 NE 45th St, Seattle, WA 98105
  • Phone: (206) 522-4363

What Are the Payday Loan Regulations in Seattle, Washington?

The Washington State Department of Financial Institutions establishes payday loan regulations. Some of the payday loan regulations for payday loan lenders in Seattle include:

  • Payday loan lenders must be registered in a state-wide database
  • Payday loan consumers are only allowed to take out 8 payday loans in a 12-month period
  • Installment plans are available for payday loan consumers that are not able to repay a payday loan when due with no additional fees
  • Consumers that are currently on an installment plan for repayment of a payday loan cannot receive another payday loan
  • Lenders are prohibited from harassing consumers for payday loan repayment. If harassed, consumers can contact the Washington State Department of Financial Institutions to file a complaint. 

The Washington State Department of Financial Institutions recommends that individuals only borrow as much as can be comfortably repaid and also avoid borrowing from more than one payday loan lender at a time. If you’re looking for a specific recommendation, we recommend starting with LendYou.

Is It Easy to Get Approved for a Payday Loan in Seattle?

The ease of getting a payday loan in Seattle depends on the ability of the payday loan applicant meeting specific qualifications. To improve the chances of a payday loan approval, payday loan applicants are encouraged to provide valid qualifying information to the payday loan lender. In most cases, payday loan lenders require the following information to process a payday loan application. They include:

  • Valid state-issued identification
  • An active checking account with bank statements
  • Valid, current proof of income

Upon receipt of the payday loan application and the required qualifying information, the payday loan lender reviews the application and determines if the payday loan applicant is eligible for a payday loan. In Seattle, payday loan consumers can qualify for up to $700 in payday loan funds. Ultimately, the amount offered for the payday loan is determined by the payday loan applicant’s income, and the total amount offered for a payday loan cannot exceed 30% of the payday loan applicant’s income. 

In most instances, payday loans are offered as long as these specific requirements are met. However, there are situations where individuals are denied a payday loan because they do not meet the payday loan requirements as stipulated by the payday loan lender.

Learn more about the payday loan approval process with our post payday loans online with instant approval.

Can I Get a Payday Loan in Seattle Without a Bank Account?

Payday loans are a sought-after emergency funding option because they do not require a credit check. However, because payday loans do not require a credit check, payday lenders require specific information to determine payday loan eligibility. An important part of the payday loan qualification process is the possession of an active bank account. 

An active bank account is necessary for a payday loan approval for several reasons. Payday loan lenders use the active bank account to deposit payday loan funds. Likewise, the active bank account is used for repayment of the payday loan via debit of the payday loan amount including fees from the providing bank account. So, an active bank account is required for a payday loan approval.

If you are interested in obtaining a payday loan but don’t have a bank account, our post on the Best Checking Accounts For Bad Credit offers information on how you can obtain a bank account with less than stellar credit.

How Can I Choose the Best Payday Lender in Seattle?

Choosing the best payday loan lender is important. While there are a number of payday loan lenders in Seattle, it is important to choose one that is reputable and licensed in Washington. Verification of payday loan licensure is provided through the Washington State Department of Financial Institutions (DFI). DFI is the agency that licenses and governs all payday loan lenders in Washington. 

Some of the rights Washington residents have by using a licensed payday loan lender in Seattle include:

  • The ability to cancel a payday loan within 24 hours
  • Disclosure of the cost of credit and costs of a payday loan per the Truth in Lending Act
  • The right to an installment plan for the repayment of a payday loan
  • Protection from threats of criminal prosecution from a payday lender due to a delinquent payday loan.

DFI highly recommends that consumers verify the licensure of payday loan lenders by visiting or by calling Consumer Services Licensing at (360) 902-8703. Verification of payday loan licensure ensures that payday loan lenders are meeting regulations and that consumers interested in payday loans are using the services of reputable, approved payday loan providers.

Conclusion and Next Steps

Being informed about the payday loan process allows you to select the best payday loan lender for your short-term emergency financial needs. The provided payday loan companies in Seattle are reputable to ensure that you can obtain a payday loan with confidence and security.

Get started with your payday loan search by visiting our recommended payday loan provider, LendYou. Their convenient platform lets you compare several payday loan lenders so that you can select the best payday loan option for your fast cash needs.

When doing research, Credit Help Info relies on credible and authoritative sites. These research sources are provided so that you can see exactly where we get our information.

About the Author

Chris Morgan

Chris Morgan is a credit expert and founder of Credit Help Info. He has been featured in Addition Financial, GOBankingRates, MSN Money, Yahoo Finance, and many other publications. He has read hundreds of books and resources on finance and the credit industry. Because he did this, you don’t have to. As a school teacher for over 20 years, Chris enjoys taking complicated material and breaking it down into manageable information that’s easy to understand.

Learn more about Chris Morgan

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