Payday Loans in Hawaii

At a Glance
Hawaii, US
  • Nickname: The Aloha State
  • Population: 1.42 million
  • Capital: Honolulu
  • Website: Hawaii Website

Hawaii is known the world over as the land of chilling out, eternal sunshine, and tourists in tropical button up shirts. So, it should come as no surprise that residents of the Aloha State are doing pretty well for themselves, at least compared to the rest of the United States.

Hawaiians’ median annual incomes are higher than the national average ($80,212 vs. $61,937). In addition, just 8.8% of Hawaiians live at or below the federal poverty line. This makes Hawaii the state with the 2nd lowest poverty rate in the nation.

Average Credit Card Debt and Median Household Income in Hawaii vs. the U.S.
Average Credit Card Debt (Q1 2019)
Median Household Income (2018)

Payday Loans in Hawaii

A payday loan is a type of short-term, unsecured loan, usually for $500 or less.

In order to get a payday loan, a borrower must write out a personal check to the lender for the amount they want to borrow, plus a finance charge and an extremely high annual percent rate. The lender gives them the cash, with the understanding that the borrower must either pay back the loan before the loan term ends, or the lender will deposit the check on their next payday.

The only payday lending businesses that are currently allowed to operate in the state of Hawaii are check-cashing businesses.

There are fewer payday lenders per capita in Hawaii than there are in other states and only 1.4% of Hawaiian households use payday loans (compared with the national average of 2%), Hawaii’s rate of payday loan usage has been growing faster than the national growth rate. The percentage of Native Hawaiian and Pacific Islander households taking out payday loans has tripled since 2011 – from 0.8% to 2.4%.

Consumer Protection in Hawaii

If you need to file a complaint against a payday lender or to alert the state to other predatory lending practices, visit the Department of Commerce and Consumer Affairs website to file a complaint.

Regulator: Hawaii Department of Commerce and Consumer Affairs

  • Address: Consumer Resource Center, 235 S. Beretania Street, Rm 801 Honolulu HI 96813
  • Phone: (808) 587-3222
  • Fax: (808) 586-2640
  • Website