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The fee that is maximum payday loan provider may charge in Washington state is $15 for each and every $100 loaned.

The fee that is maximum payday loan provider may charge in Washington state is $15 for each and every $100 loaned.

State legislation additionally limits payday loan providers to a one-time cost of $25 for bounced checks on a person loan regardless how numerous checks bounce whenever a lender tries to gather re re payment she says on it.

Flores says a debtor whom bounced three checks on repayment of a solitary pay day loan — causing Cash supply to reduce money as a result of returned check charges from the bank — ended up being the past straw for accepting brand new pay day loan borrowers. Continue reading The fee that is maximum payday loan provider may charge in Washington state is $15 for each and every $100 loaned.