Editor's choice: OppLoans Installment Loans
- Easy online application
- Quick approval
- Long repayment terms
Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure
Editor's choice: OppLoans Installment Loans
A payday loan can seem like a lifeline when you have less-than-perfect credit and you're looking to borrow a small amount of money, but if you're a resident of the capital, you won't be able to borrow. Read our guide to learn about your alternative options.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
No. Payday loans aren’t legal in Washington, DC under the Amended District of Columbia Code Section 28-3301. The capital caps interest at 24%, which is far lower than the interest charged by payday lenders in other parts of the US. Although they aren’t specifically banned, payday lenders choose not to offer loans because of the cap on interest.
While high interest payday lending is illegal in DC you can think about getting credit in other ways. Three options include:
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
You have other options to consider if borrowing money from a creditor doesn’t work out for you. These include:
Explore your other alternatives here
Due to the high cost of payday loans, lawmakers in DC have decided to prevent lenders from offering them to residents of Washington, DC. Many consumer advocate groups consider payday loans to be predatory with interest rates designed to keep people in debt.
Because of this, you won’t be able to get a payday loan in the capital.
If you’d like to visit a physical store for a cash advance here are some options:
If you’re a resident of DC, you won’t be able to get a payday loan even if you’re a visiting a different state.
No, they’re not. Out-of-state lenders can’t provide payday loans in Washington, DC.
You should direct all complaints surrounding cash advances in District of Columbia to the D. C. Department of Insurance, Securities and Banking.
No, you can’t. Due to the high interest rates and the frequency of borrowers defaulting on their loans, title loans are illegal in Washington DC.
Image source: Shutterstock
Elizabeth Barry is Finder's global fintech editor. She has written about finance for over six years and has been featured in a range of publications and media including Seven News, the ABC, Mamamia, Dynamic Business and Financy. Elizabeth has a Bachelor of Communications and a Master of Creative Writing from the University of Technology Sydney. In 2017, she received the Highly Commended award for Best New Journalist at the IT Journalism Awards. Elizabeth's passion is writing about innovations in financial services (which has surprised her more than anyone else).
Compare the 8 best cash advance apps for low fees, high limits and more.
If this app’s $50 limit is too low, alternatives like B9, Earnin and Branch may be a better fit.
Many pay advance apps don’t work with this online bank — but here are six that do.
Get at least $25 in as little as 20 minutes with these five apps for instant money.
A comprehensive list of cash advance apps that our experts have reviewed, including Brigit, Dave and Earnin.
Select Cash App users can get a short-term loan for up to $200.
Choose from 5 options to find the best pay advance solution. Top names like Dave and Brigit are joined by 3 other pay advance apps.
MoneyLion is a pay advance app stacked with features — and hefty fees to match. We’ve lined up 6 alternatives to help you go easy on your wallet.
If you’re considering using Lenme for a pay advance but its negative reviews are holding you back, we’ve lined up 7 alternatives that could offer more reliability and transparency.
Get access to the money you’ve already earned with one of these secure options.
OR
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
Is Infinity loans of Washington DC a scam?
Hi there,
Thanks for leaving a question on finder.
Unfortunately, we do not have any information about Infinity Loans on finder. You can instead look up their company name to look up reviews so you can weigh your options in getting a loan. If you live in Washington, the lenders above may be able to help you as long as you qualify for the eligibility requirements.
Please send me a message if you need anything else. :)
Cheers,
Joel