Background
Moneytree is a privately held, family-owned financial services provider headquartered in Tukwila, Washington. The company specializes in short-term consumer loans and a range of retail financial services, including payday loans, installment loans, check cashing, prepaid debit cards, money orders, bill payment, Western Union transfers, and auto equity and title loans. Moneytree is known for its customer-first philosophy, aiming to exceed expectations and make a positive impact in the communities it serves.
History
Moneytree was founded on October 31, 1983, by brothers Dennis and Dave Bassford and Dave's wife, Sara, who opened the first branch in Renton, Washington. The company grew from humble beginnings, emphasizing fair treatment, kindness, and respect for both customers and team members. Over the decades, Moneytree expanded its product lines and geographic reach, becoming a leader in the financial services industry. The company has also been recognized for its positive work environment and community involvement, including charitable donations and support for local organizations focused on children, families, first responders, animal welfare, and medical research.
Types of Loans and Fees Charged
Payday Loans: Available in Washington, California, Idaho, Nevada, and Colorado. Maximum payday loan amounts and fees vary by state. For example, in Washington, the maximum payday loan is $700 or 30% of the borrower's gross monthly income, whichever is less.
Installment Loans: Offered in select states, with loan amounts and terms varying by location. In Washington, installment loans are capped at $700 or 30% of gross monthly income.
Signature Loans: Available in some states, with a maximum of $500 in Washington and an average APR of 391.07%.
Auto Equity and Title Loans: Offered in certain states, allowing borrowers to use their vehicle as collateral.
APR: Varies by state and loan type, ranging from about 201% to over 573% for payday and installment loans.
Other Services: Check cashing, money orders, bill payment, Western Union money transfers, and prepaid debit cards.
Locations
Moneytree operates 64 retail branches as of late 2024, with locations in:
Washington
California
Colorado
Idaho
Nevada
The company previously operated in British Columbia, Canada, but all Canadian branches have closed.
States Where Loans Are Offered and Not Offered
Available States: Washington, California, Colorado, Idaho, and Nevada.
Unavailable States: Not available in states outside those listed above or in Canada.
How to Contact Moneytree
Customer Service Phone: 1-800-745-1011
Website: www.moneytreeinc.com
Headquarters: Tukwila, Washington, United States
Customers can apply online, visit a local branch, or call for more information about products and services.
