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Thank you for considering Moneytree. We know that making an informed financial decision is important. We invite you to learn more about the payday loans we offer in Washington. Moneytree has been in the business of helping people since 1983. It's our mission to provide customer service that exceeds our customers' expectations.
Qualifying for a Moneytree Payday Loan
After you’ve submitted your application, we’ll verify the following:
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Your source(s) of income
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Your phone number
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That you have an open checking account
If you don’t have a checking account, Moneytree can also offer you a loan
where no checking account is needed.
Washington law also requires that you have not taken out more than eight (8) payday loans from a Washington-licensed payday lender during the prior 12-month period.
The fee for a loan is $15 per $100 borrowed up to $500, and $10 per $100 on the amount over $500. If your payday was 14 days away and you borrowed $100, the APR would be 391.07%*, and you owe $115 on the date of your next payday.
*The Annual Percentage Rate ("APR") is the cost of your loan expressed as a yearly rate. The actual APR for your loan may be higher or lower, depending on the actual amount you borrow and your actual repayment schedule.
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Visit a Moneytree branch. To find a branch near you, please use our branch locator.
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Apply online. Complete the short application; we’ll review it and contact you if more information is needed.
If you’re already a branch customer, set up an online account and complete the online application to apply for your first online loan.
How fast will I receive my money?
After you’ve been approved you will be able to request the amount you need and choose how you will receive your loan funds. You can have your funds instantly deposited onto the prepaid debit card you purchased at Moneytree, directly deposited into your checking account (between 1-3 business days from today), or pick up your funds at a branch immediately.
Call 877.613.6669 or visit our "find a branch" page for the location nearest you. Find the same great service at a branch or online!
Payment
If you applied online, an electronic withdrawal may be made from the account you provided to us on your loan application on the loan’s due date via ACH transaction. If you applied in a branch, depending on your preference, an electronic check or paper check may be presented to your bank for payment on the loan’s due date. Payments* may be made at any Moneytree branch prior to 3 pm (PST) on the loan due date or online prior to 1 pm (PST). Payments received online after 1 pm Pacific Time will be processed the next business day. If you are unsure about your loan due date or the amount you owe, please call Customer Service at: 877.613.6669. Our Customer Service Department is open 24 hours a day, seven days a week (every day except Christmas Day).
* The timing for the payment alternatives differs for loans set up for payment by paper check. Call any Moneytree branch or Customer Service for more information about timing if you want to make a cash or online payment.
Moneytree Payday Loan Fees and Comparisons
Payday loan fee charged by Moneytree in Washington for a $100 loan
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Washington Payday Loan Fee Chart |
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1Annual percentage rate
22008 Fee Analysis of Bank and Credit Union Non-Sufficient Funds and Overdraft Protection Programs Bankrate.com
3FDIC Study of Bank Overdraft Programs
4CARD Act - Truth in Lending Act - safe harbor, first late payment
5CARD Act - Truth in Lending Act - safe harbor, more than one late payment in 6 months
Customer Notice: Payday loans should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counseling. Moneytree follows the Best Practices as published by the Community Financial Services Association (CFSA).
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Payday Loans - FAQ
How does Moneytree determine how much I can borrow?
State laws regulate the amount of money that can be loaned. Within that limit, Moneytree qualifies you to borrow only an amount you can reasonably repay from your next paycheck based on your current income and the information you provide on your loan application. Once your loan limit is determined, you may borrow any amount up to the limit for which you qualify. Your loan limit may change if your income changes or if our ability to contact you changes. To see the loan amount available in your state, please select your state: California Colorado Idaho Nevada Washington
How do I qualify for a loan?
While the requirements vary slightly by state, in general, to qualify for a loan you must have:
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Verifiable source of income (written verification required in Colorado and Nevada)
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Verifiable contact information
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A checking account (California and Colorado only)
To view state-specific loan qualification criteria, please visit your states loan approval page.
What happens if I can't repay Moneytree on my due date?
Occasionally circumstances may arise that change your ability to repay. If this occurs, you may choose to enter into the Community Financial Services Association of America (CFSA) Extended Payment Plan. You may request a payment plan to restructure the payment terms to at least four (4) substantially equal payments. You may choose this option once per 12-month period. There is no charge to enter into the CFSA Extended Payment Plan. You may choose this option prior to the deposit of your current loan. After repaying your payment plan, we may re-evaluate your credit limit to reset it at an amount you can reasonably repay. Additional details about this option are available at any Moneytree branch.
When do I need to repay my loan?
For payday loans, Moneytree typically sets your loan due date on your next payday or the following business day. If you are paid weekly, biweekly, or twice monthly you can choose to repay your loan on any payday within 24 days from the date you are taking out the loan. If you are paid monthly, your loan will be due on your next payday. If your next payday is 9 days away or less, you can choose to repay your loan on the subsequent payday.
Do you offer payment plans?
It is our goal to loan only as much as you can comfortably repay on your next payday. If circumstances arise that change your ability to repay, payment plan options may be available depending upon the state in which your loan originated. Please select your state from the payday loan navigation menu to learn more about payment plan options.
Where are your locations?
Moneytree has branches located throughout California (in San Diego and near Los Angeles), Colorado, Idaho, Nevada, Washington and in British Columbia, Canada. To find a branch near you, enter your city, state or zip code in the “ Find a Branch” field or call 888.604.MONY (6669).
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