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Best Online Short-term Loans in Port Angeles

Running low on funds can be stressful! When unexpected expenses arise or payday seems too far away, short-term loans could be your lifeline. These quick cash advances are designed to offer you fast access to money right when you need it most. But finding the right lender can be overwhelming and full of hidden pitfalls. That's where we come in! Our "Best Cash Advance Short-term Loans" service ensures you get the cash you need with terms you can trust. Navigate financial emergencies effortlessly and regain your peace of mind today!

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Best Online Short-term Loans in Port Angeles

First Fed
Bank
3.90
5 reviews

Address: 1603 E 1st St, Port Angeles, WA 98362

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

Phone Number: +1 (360) 417-3150

Website: ourfirstfed.com

Alternatives to Short-term Loans in Port Angeles

Short-term loans are financial solutions designed to provide quick funding to individuals in need. Personal short-term loans are unsecured loans that can be used for various purposes, often featuring higher interest rates and shorter repayment periods. Installment loans require borrowers to repay the borrowed amount plus interest through scheduled payments over a set period, making them a more manageable option for those who need some time to pay back the loan. Title loans, on the other hand, use the borrower's vehicle title as collateral and typically come with high interest rates and the risk of losing the vehicle if the loan isn't repaid. Each type serves different financial needs and circumstances, catering to those who may face cash flow challenges or unexpected expenses.

Best Personal Loan

Evergreen Home Loans Port Angeles NMLS 1250094
5.00
6 reviews

Short-term loans are a type of financing designed to address immediate financial needs, usually with a repayment period of under a year. Personal loans are one of the most popular forms of short-term loans. They offer flexibility to borrowers for various uses such as debt consolidation, home improvements, or unexpected expenses. Among personal loans, the best option could be a local credit union loan because they often provide lower interest rates, personalized service, and more favorable terms to their members compared to other financial institutions.

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

For those who have secured a short-term loan, there are several essential services where these funds can be judiciously applied. In the realm of health and well-being, the loan can facilitate payment for unforeseen medical expenses or necessary treatments. It can also cover the costs of urgent car repairs, legal consultations, funeral services, and essential appliance maintenance or replacements, ensuring timely and efficient access to crucial local services.

Car Accessories
175 South Bayview Avenue, Port Angeles, WA 98362
+1 (360) 452-3136
Car Wash
1921 West Highway 101, Port Angeles, WA 98363
+1 (360) 457-0565
Club & Association
253093 Highway 101, Port Angeles, WA 98362
+1 (360) 457-4053
College/University
1502 East Lauridsen Boulevard, Port Angeles, WA 98362
+1 (360) 417-6521
Community Center
308 East 4th Street, Port Angeles, WA 98362
+1 (360) 417-4550
Dentist
624 East 8th Street, Port Angeles, WA 98362
+1 (360) 452-7669
Fast Food
2001 East 1st Street, Port Angeles, WA 98362
Government Office
321 East 5th Street, Port Angeles, WA 98362
+1 (360) 417-4553
Hospital
South Chase Street, Port Angeles, WA 98362
+1 (360) 395-2976
Library
223 East 4th Street, Port Angeles, WA 98362
+1 (360) 417-2287
Local Post Office
102 East Front Street, Port Angeles, WA 98362
Motel
111 East 2nd Street, Port Angeles, WA 98362
Museum
1203 East Lauridsen Boulevard, Port Angeles, WA 98362
+1 (360) 457-3532
Pharmacy
3411 East Kolonels Way, Port Angeles, WA 98362
+1 (800) 925-6278
Real Estate Agent
1129 East Front Street, Port Angeles, WA 98362
+1 (360) 452-3333

FAQ

What is a Short-Term Loan?

A short-term loan is a type of loan that is typically designed to be repaid in a short period, usually ranging from a few weeks to a few months. It is often used for urgent financial needs and can be accessed quickly compared to long-term loans.

Can I Get a Short-Term Loan with Bad Credit?

Yes, you can get a short-term loan even if you have bad credit. Many lenders specialize in offering loans to individuals with less-than-perfect credit. However, these loans may come with higher interest rates and fees to offset the risk for the lender.

What Are Same-Day Loans?

Same-day loans are designed to provide borrowers with quick access to funds, often within the same day of application. These are typically short-term loans, such as short-term loans, where the lender expedites the approval and disbursement process to meet urgent financial needs.

What Are Short-term Loans?

Short-term loans are a type of short-term loan that typically must be repaid by your next payday. They are often used for emergency expenses and are known for their fast approval process. However, they can carry high fees and interest rates, so it’s important to use them sparingly and responsibly.

What Are the Interest Rates for Short-Term Loans?

Interest rates on short-term loans can vary widely depending on the lender and the borrower’s credit profile. They are usually higher than traditional loans due to the increased risk for the lender. It’s advisable to compare different lenders and read the terms carefully before agreeing to a loan.

How Do I Apply for a Short-Term Loan?

You can apply for a short-term loan online or in person with a financial institution or a direct lender. You will typically need to provide personal identification, proof of income, and bank details. Once the application is reviewed and approved, funds are usually disbursed quickly.

What Are the Risks of Short-Term Loans?

Short-term loans can be risky due to their high costs, including high interest rates and fees. If you are unable to repay the loan on time, you could face additional fees and a negative impact on your credit score. It’s crucial to borrow only what you need and can afford to repay.

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Port Angeles ZIP Codes

98362
98363