Moneytree works hard to be the best provider of payday loans and other financial services. Whether you apply online or in a branch, a Moneytree Payday Loan is fast, simple and secure.

What do I need to apply?

As part of the application process, you will need to provide the following:
 
  1. Your ID and Social Security Number (or Alien Registration Number or ITIN)
  2. Your address and phone number(s)
  3. Your source(s) of income
  4. An open checking account
Due to limitations imposed by the Military Lending Act, Moneytree does not make loans to "covered borrowers," a term which includes active duty members of the military, their spouses and dependents. Learn More
 

Have a question?

Contact our Customer Service Team between 6am and 11pm PST, seven days a week.
  • Phone: 877.613.MONY (6669)
  • Email: comments@moneytreeinc.com

What is the term of a payday loan?

The term of a payday loan is determined by the frequency of your paydays. If your next payday is within 9 days from the date you take out the loan, you can choose to repay your loan on the subsequent payday. In all cases, the minimum loan term is 8 days. The maximum loan term per Washington law is 45 days.

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.


How much does a payday loan cost?

A payday loan costs $15 per $100 borrowed up to $500, and $10 per $100 on the amount over $500. For example, the total amount due on a $100 loan for 14 days would be $115 and has an APR (annual percentage rate) of 391.07%.*
 

*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.

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

Moneytree is licensed by the State of Washington Department of Financial Institutions and registered with the federal government as a Money Services Business (MSB). 

Moneytree is a member of the Community Financial Services Association (CFSA), the Financial Service Centers of America (FiSCA), California Financial Service Providers Association (CFSP), and the Colorado Financial Services Centers Association (COFiSCA). Moneytree actively supports laws, regulations and industry best practices that protect consumers and preserve access to credit. As a member of the Community Financial Services Association of America (CFSA), our company encourages responsible industry practices and proudly supports and abides by CFSA’s Best Practices.


 

Washington FAQ

Can I renew my loan?

No. Loan renewals are not available in the state of Washington.

Does Moneytree abide by industry best practices?

Moneytree is a member of the Community Financial Services Association of America (CFSA) and the Financial Service Centers of America (FISCA). Moneytree actively supports laws, regulations and industry best practices that protect consumers and preserve access to credit. A copy of the industry best practices is posted in every branch.

Does Moneytree check my credit report as part of the loan application process?

Yes, for new loan applicants we make inquiries concerning your credit history and standing with consumer reporting agencies, and we may report information concerning your payment performance to credit reporting agencies. Applications for credit, late payments, missed payments or other defaults on your account may be reflected in your credit report.

How do I repay my online Payday loan?

Just as with receiving the loan proceeds, the process is automatic and convenient. An electronic withdrawal will be made from the account you provided to us on your loan application on the loan's due date via an ACH transaction. If you would prefer to pay from a different account, you may pay online. You can use a different checking account or pay with a Visa or MasterCard debit card. Online payments can be made until 1 pm Pacific Time on the loan payment due date. Phone debit payments can be made until 2 pm Pacific Time on the loan payment due date. 

If you aren’t sure about your loan due date or the amount you owe, please call the Customer Service Team at 877.613.6669. They are available between 6am and 11pm, seven days a week.

How does Moneytree work with credit counseling agencies?

Moneytree will accept the payment arrangements negotiated by a credit counseling agency. The National Foundation for Credit Counseling (NFCC) can help you develop a budget and negotiate reduced payment arrangements with creditors. To reach the Center nearest you, call NFCC at 1.800.388.2227 or visit nfcc.org for more information.

What happens if I cannot repay Moneytree on my due date?

We know that it is your intention to repay your loan on the due date. However, the answer to this question depends upon the state in which your loan originated.

For more information, please select your state: California Idaho Colorado Nevada Washington

If you find that you cannot repay your loan, we recommend that you do not take out additional loans in order to repay the original loan. For further information about alternate loan repayment options, please contact the Customer Service Department at 800.745.1011.

What happens if I default on my loan?

If you do not pay your loan as agreed, Moneytree is committed to collecting your debt in a professional, fair and lawful manner. We follow applicable provisions of the Fair Debt Collection Practices Act when collecting defaulted loans. You will be charged a one-time $25 fee if your check returns unpaid. We will contact you and ask for payment, and we may make reasonable payment arrangements with you. We may refer your account to an outside collection agency. You can reach Moneytree’s Payment Center at 1.888.516.6643 for more information.

What happens if I have difficulty repaying my loan on my due date?

If circumstances arise that change your ability to repay, Moneytree offers a Payment Plan. You may request a payment plan by notifying us before 3 pm Pacific Time on the loan's due date (or close of business for payday loans without a check). If the amount you owe us is $400 or less, you may enter into a payment plan that allows you to pay off your loan in substantially equal payments over 90 days. If the amount you owe us is more than $400, you may enter into a payment plan that allows you to pay off your loan in substantially equal payments over 180 days. There is no charge to enter into a Payment Plan. Additional details about this option are available at any Moneytree branch. During the terms of the payment plan, you will not be eligible to take out a payday loan from any licensed Washington lender.
 

What if I change my mind about borrowing a Payday Loan?

You may choose to rescind (cancel) your payday loan, at no cost, at any time until the close of the following Moneytree business day. To do so, please visit your nearest Moneytree branch or call our Customer Service Department at 800.745.1011.

What is a payday loan?

A payday loan is a short-term loan between today and your next payday.

When do I need to repay my loan?

The term of a payday loan is determined by the frequency of your paydays. Your loan will be due on your next payday or following business day. If your next payday is within 9 days from the date you take out the loan, you can choose to repay your loan on the subsequent payday.  In all cases, the minimum loan term is 8 days. The maximum loan term per Washington law is 45 days.

How do I repay my online Payday Loan?


Just as with receiving the loan proceeds, the process is automatic and convenient. An electronic withdrawal will be made from the account you provided to us on your loan application on the loan's due date via an ACH transaction. If you would prefer to pay from a different account, you may pay online. You can use a different checking account or pay with a Visa or MasterCard debit card. Online payments can be made until 1 pm Pacific Time on the loan payment due date. Phone debit payments can be made until 2 pm Pacific Time on the loan payment due date.

If you aren’t sure about your loan due date or the amount you owe, please call the Customer Service Team at 877.613.6669. They are available between 6am and 11pm, seven days a week.