District of Columbia
District of Columbia Payday Loan
A payday loan can be just what you need to pay for emergency car repairs or other unexpected expenses that otherwise would have to wait until your next payday, and thereby cause you significant inconvenience. SameDayPayday offers a quick and painless service: take two minutes to fill out your application, and within 90 seconds the approval will come through and within one business day the funds will be waiting for you in your account. It is that easy.
SameDayPayday loans should be considered quick-fix loans and so usually range in amounts of $100 to $500 dollars- just enough to keep you financially afloat between pay checks. Payday loans are meant for short-term and urgent needs such as car repair, repayment of personal debts, emergency cash, gifts for that surprise wedding or an unexpected financial loss. Payday loans are meant to be repaid quickly, within a couple of weeks; they are not long-term loans and are, therefore, regulated differently than a bank loan.
Because of the ever-present Internet, payday loans are easily obtainable in the District of Columbia. An internet search early 2017 for “payday loans District of Columbia” turned up 518,000 hits!
With so many payday loan lenders to choose from, the decision of which lender will best suit your personal situation may seem overwhelming. That’s how SameDayPayday can help.
Laws Pertaining to Payday Loans in the District of Columbia
By law payday loans are prohibited in the state of District of Columbia. Lenders in this state must possess a license to deposit checks into someone's account and the state sets a minimum fee for cashing a post-dated check.
So how can you get a payday loan in District of Columbia? The process operates much the same way the credit card companies operate. For example, you can live in New Jersey and receive a credit card application from a bank in Delaware.
The state motto of the District of Columbia is: “Justice for All.”