Applying for a Loan in Washington with OneLoanPlace.com

When it comes to keeping your money in your wallet, sometimes life has a different idea. It could be a dental emergency or a car accident that forces you to make necessary repairs. Whatever the situation, for anyone in Washington OneLoanPlace.com has you covered. We work with lending partners in Washington to make sure that if you need an unsecured personal loan to get you through those weeks, then we've got a lender that will work with you and allow you to repay on time.

Small business owners can find great solutions here too! We have a wide selection of lending partners for small business loans and business lines of credit. Our process is so fast, easy, and secure all you need is working phone, proof of Washington residency, and an active checking account. We'll do the heavy lifting and let you focus on growing your business and maximizing your profit.

Too much debt on your plate? We have a solution there too. Our professional staff at our finance center will help you locate the specific kind of credit counseling for your unique situation. Instead of taking out more obligations, there could be debt settlement and debt negotiation offers that could lump your payments together and free up space in your budget. If you're new to the borrowing landscape and want to have funding for a future date, we have a credit score service that allows you to review your own report and dispute any inaccurate findings.

Benefits for Borrowers in Washington

When it comes to borrowing money online, most Washington residents enjoy the convenience. There's no hassle of driving to different banks and private lending partners, and you can always access your email via tablet or smartphone. Our lending partners know that today's world has a faster pace. Assuming an approval, the funds will be deposited into your checking account within one to three business days — your banking institution will determine the final date of availability.

There is a lot of personal information involved with applying for a loan. Here at OneLoanPlace.com, we want you to know that your information is secure. Our systems are constantly updated to reflect accurate information that we can teach to our clients regarding their lending solutions. We want to ensure that you are receiving information you need, the funding you want, and privacy you can trust. Your safety is our top priority.

OneLoanPlace.com builds, connects, and services a multitude of financial solutions that paving a new way for Washington borrowers and lending partners to interact. Our professional staff is equipped to handle your questions and present you with options that leave you feeling confident about your financial future. When you are reviewing your lending solutions, there are multiple offers so that you can comfortably choose the best path that will meet your current needs. We understand that each client wants to access financial prosperity and we do our best to provide you with the tools and resources to do so.

Washington Regulations and Laws Regarding Loans

Legally, each Washington resident is protected from lending partners that may cause financial downturns. This means that there are maximums in place meant to ensure that each resident is borrowing money they can repay. Right now the legal interest rate is set at 7 percent. However this can change if a resident agrees to a higher rate. The best course of action when this happens is to seek counsel. If an interest rate makes you uncomfortable, there might be a better alternative. Give us a call to find out how you can start on your road to financial prosperity, without the confusion.

General Interest Rate - Without a contract (which exempts these limits), the maximum rate of interest allowed in Washington is 12 percent.
Personal Loan Rates - A licensee that has obtained the required small loan endorsement may charge interest or fees for small loans not to exceed in the aggregate 15 percent of the first $500 of principal. If the principal exceeds $500, a licensee may charge interest or fees not to exceed in the aggregate 10 percent of that portion of the principal in excess of $500.
Personal Loan Terms - A licensee must set the due date of a small loan on or after the date of the borrower's next pay date. The termination date of a small loan may not exceed the origination date of that same small loan by more than 45 days, including weekends and holidays. With a maximum loan amount that may not exceed $700 or 30 percent of the gross monthly income of the borrower, whichever is lower.

2355 Centerville Rd. Box 14348,
Tallahassee, FL 32317
USA

Loan Option disclosure:

Disclaimer: The operator of this website is not a lender and does not make credit decisions. This website offers a service that attempts to connect potential borrowers, with available offers, based on on self reported information. By submitting your information through this site, you consent to having it shared with third parties for the purpose of facilitating your request. All financial products and services are presented without warranty and providing your information on this website does not guarantee an approval with said products or services. Pre-qualified offers are not binding. Terms, conditions, and policies vary by product, service, state, and your particular financial situation. It is the user's responsibility to read all third party disclaimers and restrictions before proceeding.

APR Disclosure: The Annual Percentage Rate is the rate at which your loan accrues interest and is based upon the amount, cost and term of your loan, repayment amounts and timing of payments. Lenders are legally required to show you the APR and other terms of your loan before you execute a loan agreement. Offers on this site have repayment terms from twelve to a maximum of eighty-four months, and an annual percentage rate (APR) ranging from 5.74% to a maximum of 35.99%.

For example, if you took out a $30,000 loan on a 20% interest rate. The total payback would be $36,000 making the yearly interest amount $6,000. The APR is the percentage of interest paid for the entire year plus additional fees and costs.

Here is an example of the cost of a loan for a person with an excellent credit profile:
If you take a $10,000 loan for a five year term at 8% interest rate with a 3% origination fee, you would receive $9,700 ($10,000 less the $300 origination fee) and would make sixty monthly payments of approximately $202.76 which equates to an APR of 8.69%. The total cost of the loan would be $12,165.60.

Advisory: Legitimate lenders will never ask for advance payment. NEVER pay a lender in advance for a loan.

We are partnered with multiple national lending partners and all credit situations are considered.

APR, INTEREST RATE, and ORIGINATION FEES

An APR shows you the cost of borrowing money on a yearly basis. It can help you quickly compare different loans or credit cards on an apples-to-apples basis. The APR on a personal loan can include both the interest rate and origination fee. The origination fee may also be deducted from your loan proceeds, and there is usually no fee if you do not receive a loan.
The Annual Percentage Rate (APR) is the rate at which your loan accrues interest, and is based upon the individual lender's program. All terms and conditions for any loan for which you qualify will be presented before you submit your application. APRs vary from 4.79% to 35.99% for unsecured personal loans.
For example, If the origination fee is deducted and you receive a $6,000 36-month loan at an interest rate of 6.99% with a 2% origination fee of $120.00, you could receive a loan amount of $5,880.00 and make 36 monthly payments of approximately $185.24 at an 8.36% APR. In the case of a $20,000 60-month loan at an interest rate of 7.62% with a 3% origination fee of $600.00, you could receive a loan amount of $19,400.00 and make 60 monthly payments of approximately $401.90 at an 8.91% APR. Your actual monthly payment usually varies based on the APR, loan amount and term selected.

Credit Implications

Our participating lending partners may verify your social security number, driver's license number, national ID, or any other state or federal identification, and review your information against national databases to include, but not limited to, Equifax, Transunion, Experian, Teletrack, or DP Bureau to determine credit worthiness, credit standing and/or credit capacity. Some of our participating lending partners will not perform credit checks with the three major credit reporting bureaus. When third parties check your credit score, it can lower your credit score. We will make every effort to only present programs that qualify and benefit your situation, and in hopes, help increase your chances of getting a loan with our lending partners. Credit checks or consumer reports through alternative providers such as Teletrack or DP Bureau, typically will not affect your credit score. By submitting your registration through this website, you agree to allow participating lending partners to verify your information and check your credit as described in their policies and terms.

Implications of Late Payments

Each lender has its own criteria and policy when it comes to late payments. This may include additional fees and interest, and may result in reports to the three major credit reporting bureaus causing your credit score to be lowered. Before you agree to a loan, be sure you have read and understand the implications of making late payments. Also, each state has rules and regulations in place that lenders must follow when assessing fees for late payments.

Implications of Non-Payment & Collection Practices

If you do not make the payments on your loan, you may be responsible for additional fees and interest and collection costs. This may lower your credit score. Lenders are required by federal and state laws to use fair practices in their collection actions for a loan that has not been repaid. Lenders should comply with the following practice:

Not contacting you by phone before 8 am or after 9 pm
Not harassing you or using abusive language towards you over the phone
Not using deception to try to collect money from you
Not threatening you with legal action if it is not permitted

We will only allow lending partners who are reputable and maintain their reputations actively; however, if you find any behavior that is not professional, or you feel is predatory, we need and want to know immediately. We are your advocate and your experience with us is paramount to the success of our company. We appreciate your trust in us to help you with your loan needs.