Download a Payday Loan Application*
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Best Practices
Important Notices About Your Rights as a Payday Loan Customer

How do I get a Payday Loan?

• You MUST be a resident of Washington State.
• You can apply in-person (you can download an application and bring it with you).

What do I need to do to qualify for a Payday Loan?

• You need proof of an open and active WA state bank account with routing and account numbers listed.
• You need to be currently employed.
• You need to have valid Identification.
• You need to have a working personal phone number.
• Your most recent payroll stub. (If your income is based on a commission, please bring 3 months worth of paystubs.)

Other helpful items to bring. (But not necessary)

• Your most recent bank statement.
• Your last phone bill.

How much money can I borrow?

• You can borrow up to your weekly gross income. For example: If you earn $300.00 per week, you can borrow up to $300.00. You cannot borrow more than your weekly income.
• If you are on public assistance, you can qualify for one quarter of your monthly income as long as you can produce your last 3 months of bank statements and documentation showing your revenue source. For example: If you receive $800.00 per month, you can borrow up to $200.00 (800 divided by 4).

How long can I borrow the money?

• Your loan will be due by your next payday.

Can I take out more than one Loan at a time?

• You can take out as many loans as you wish up to your credit limit. For example: If you qualify for $400.00 and you take out a $300.00 loan, then realize that you need another loan a week later, you can borrow an additional $100.00. How much is the fee?

How much is the fee?

*Sample APRs calculated based on a 14-day repayment period, but repayment periods may be longer or shorter. APRs are higher for shorter repayment periods, and lower for longer repayment periods. Loan fees do not vary. Loans payable with one payment due on due date. Payment amount equals loan amount plus loan fee.

Important Notices

Your right to an installment plan when you are unable to pay your small loan when it is due. If you will be or are unable to pay your loan when it is due, you may convert your loan to an installment plan with us by notifying us on or before the loan’s due date. If the amount owed on your loan is four hundred dollars or less, you may enter into an installment plan that allows you to pay off your loan in substantially equal payments over ninety days. If the amount owed is more than four hundred dollars, you may enter into an installment plan that allows you to pay off your loan in substantially equal payments over one hundred eighty days.  An installment plan will allow you to pay all that you owe without having to pay any additional fees, interest charges or other charge for converting your small loan into an installment plan.  Our loan agreements provide that a request for an installment plan must be made by 3:00 p.m. on the loan’s due date.

Your right to rescind (cancel) a loan. You have the right to rescind a payday loan by returning the amount of the loan in cash, or returning the check given to you by us to our office by the close of business on our next business day following the date of this loan. We may not charge you for canceling the loan and we will return to you, or at your request destroy any postdated check or electronic equivalent authorization you have given to us. If the Debit authorization cannot be destroyed it becomes void if you cancel the loan. 

At the time you repay a payday loan with Check Masters, you should have sufficient funds to meet your other financial obligations.  If you cannot pay other bills because you are paying off a payday loan with Check Masters, you should enter the installment plan offered in connection with our payday loans.

Customer Notice: A payday loan should be used as a short-term cash flow tool only, not as a long-term financial solution.

Customers with credit difficulties should seek credit counseling.