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Best Online Short-term Loans in Covington

Need cash fast? Life's unexpected expenses can shake up your plans. Short-term loans might just be the quick fix you seek. When emergencies disrupt your flow, the stress can feel overwhelming. Our "Best Cash Advance Short-term Loans" service provides a lifeline, offering financial relief when you need it most. Designed with your urgency in mind, we ensure a smooth process and swift turnaround. So, say goodbye to sleepless nights and let us handle the rest. Experience the peace of mind that our short-term loans can bring, and reclaim control over your finances today!

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Best Online Short-term Loans in Covington

Mariner Finance
Loan agency
4.60
10 reviews

Address: 27339 Covington Way SE Suite B-116, Covington, WA 98042

Today's Business Hours: 9:00 AM - 5:00 PM

Phone Number: +1 (253) 242-5320

Website: marinerfinance.com/locations/washington/covington-washington-mariner-finance-branch

Services:

Business loans Installment loans Line of credit Microloans Payday loans Signature loans Title loans Apply For Financing Auto Refinancing Loans Auto Secured Loan Car Refinancing Car Refinancing Loans Consumer Finance Credit Card Payments Current Loan Customer Support Debt Consolidation Loan Fha Loans Finance A Used Car Financing Online Home Equity Loan Home Improvement Loans Home Loans Mortgage Loans Home Loans Resources Home Mortgage Home Refinance Industrial Loan Loan By Phone Loan Car Loans Loan Finance Loan Program Loan Solutions Mortgage Broker Mortgage Personal Loans Motor Vehicle New Car Loans Online Personal Loan Payment Plan Personal Financial Personal Loan Online Purchasing Or Refinancing Refinance Loans Refinance To A Lower Rate Residential Mortgage Lending Residential Mortgage Loan Sales Finance Sell Your Home Small Loan Special Day Tax Returns Unexpected Expenses Loans Unsecured Personal Loans Used Car Loans Vacation Financing Vacation Loans Vehicle Loan Wedding Loans debt consolidation loans

Alternatives to Short-term Loans in Covington

Short-term loans offer quick financial solutions and come in various types, including personal, installment, and title loans. Personal loans are unsecured loans that provide a fixed amount of money to be repaid over a short period, typically with higher interest rates due to the lack of collateral. Installment loans require borrowers to repay the loan through predetermined payments over a specified duration, often requiring credit checks but offering more predictable repayment schedules. Title loans, on the other hand, are secured loans where the borrower provides their vehicle title as collateral, allowing access to funds even with poor credit, though they risk losing the vehicle if unable to repay the loan.

Best Personal Loan

Guiding Hands Credit Services
4.80
10 reviews

Personal loans are a popular type of short-term borrowing option for individuals who need immediate funds. These loans typically require no collateral, making them an unsecured option for borrowers. They are suitable for covering emergency expenses, consolidating debt, or financing home improvements. Most lenders offer flexible terms, usually ranging from a few months to a couple of years, with interest rates that are lower than payday loans but higher than traditional long-term loans. The best personal loan depends on your credit score, income, and ability to repay, but lenders like SoFi and Marcus by Goldman Sachs are often regarded as offering competitive terms and excellent customer service.

Loan Regulations in Washington

In Washington, short-term loan regulations are designed to protect consumers while providing access to short-term credit. The state has implemented rules such as a maximum loan amount of $700 or 30% of the borrower’s gross monthly income, whichever is lower. Washington also limits the number of loans to 8 within 12 months. Short-term loan terms must be your next pay date or within 45 days. The Annual Percentage Rate (APR) is capped, with a maximum rate of 391% on a 14-day loan.

Borrowers must be 18 years or older and have a regular income to qualify for a short-term loan. Lenders are also required to provide a clear repayment plan and they must check the state database to ensure borrowers do not exceed the maximum loan limit. These regulations apply statewide, ensuring consistency and protection across all of Washington.

Short-Term Loan Calculator

day(s)
%
$

Estimated Payment

$327.12
Total Principal Paid: $300.00

Financial Charge: $27.12

Loan Term: 150 day(s)

APR: 22.00%

Where to Use Short-term Loan

Short-term loans can be a valuable resource for managing unexpected expenses, allowing individuals to access immediate services across various sectors. They can be particularly useful for covering urgent medical bills for health treatments, financing necessary car repairs at automotive shops, or securing legal assistance from professional attorneys. Additionally, these loans can help in managing the costs of funeral arrangements or appliances repairs, ensuring that essential home equipment is functional and reliable.

Car Glass Replacement Shop
27111 167th Place Southeast, Covington, WA 98042
+1 (425) 569-0378
Car Wash
27240 168th Place Southeast, Covington, WA 98042
+1 (253) 804-3498
College/University
26201 180th Avenue Southeast, Covington, WA 98042
+1 (253) 639-7715
Dentist
27015 169th Place Southeast, Covington, WA 98042
+1 (253) 630-2483
Do-It-Yourself Centers
27027 185th Avenue Southeast, Covington, WA 98042
+1 (253) 638-0258
Fast Food
17425 Southeast 272nd Street, Covington, WA 98042
Government Office
18230 Southeast 240th Street, Covington, WA 98042
+1 (425) 578-9169
Hospital
17700 Southeast 272nd Street, Covington, WA 98042
+1 (253) 372-7010
Library
27100 164th Avenue Southeast, Covington, WA 98042
+1 (253) 630-8761
Local Post Office
17300 Southeast 270th Place, Covington, WA 98042
+1 (800) 275-8777
Museum
15004 Southeast 256th Street, Covington, WA 98042
Pharmacy
17700 Southeast 272nd Street, Covington, WA 98042
+1 (253) 372-7220
Rent-a-Car Facility
26901 185th Avenue Southeast, Covington, WA 98042
+1 (253) 288-2003
Specialist
17224 Southeast 272nd Street, Covington, WA 98042
+1 (253) 277-3707
Sports Center
18230 Southeast 240th Street, Covington, WA 98042
+1 (253) 480-2480

FAQ

What is a short-term loan?

A short-term loan is a type of loan designed to be repaid over a short period, typically within a few months. These loans are often used to cover immediate financial needs and are available in smaller amounts compared to traditional loans.

Can I get a short-term loan with bad credit?

Yes, many lenders offer short-term loans to individuals with bad credit. While a poor credit score may limit your options, some lenders specialize in providing loans to those with less-than-perfect credit histories.

What are same-day loans?

Same-day loans are a type of short-term loan where the borrower can receive the loan amount on the same day they apply. These loans are particularly useful in emergency situations where quick access to funds is necessary.

How do short-term loans work?

Short-term loans are short-term, small-dollar loans that are typically due on your next payday. They are intended to cover urgent expenses and are often a popular choice for borrowers needing quick access to cash. However, they usually come with high fees or interest rates.

What is the typical amount I can borrow with a short-term loan?

With short-term loans, you can typically borrow amounts ranging from a few hundred to a few thousand dollars. The exact amount depends on the lender and your financial situation.

Are there any alternatives to short-term loans for bad credit?

Yes, alternatives include credit unions, personal installment loans, and peer-to-peer lending platforms. These may offer more favorable terms and lower interest rates compared to traditional short-term loans.

What should I consider before applying for a short-term loan?

Before applying, consider the interest rates, repayment terms, and any additional fees. Ensure the loan is affordable and that you have a plan to repay it on time to avoid additional debt or financial strain.

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Covington ZIP Codes

98042