What we can do for you?

Reduce your monthly payment
Waive off late fees
Have a single monthly payment
Reduce collection calls
Reduce interest rates
Take the first step towards a debt free life



Payday loan laws in Wisconsin

  • Status: Legal (Wis. Stat. 138.14)
For Lenders

Lending specifications:

  • Maximum loan amount: $1,500 including fees or 35% gross monthly income; which is lesser
  • Loan tenure: 90 days or less
  • Fees and finance charges: No limit
  • Finance charge on a 14-day $100 loan: No limit
  • APR on 14-day $100 loan: No limit

Collection restrictions:

  • Collection fees: $15 NSF fee
  • Criminal procedures: Prohibited
For Borrowers

Debt limits:

  • Maximum no. of outstanding loans at a time: No limit
  • Rollovers allowed: One
  • Cooling-off period: 24 hours after paying renewed loans
  • Repayment plan: Available (4 equal installments at no additional cost)

Complaint cell:

  • Regulator: Wisconsin Department of Financial Institutions
  • Address: Wisconsin Consumer Act Section, P.O. Box 8041 Madison WI 53708
  • Phone: (608) 261-9555
  • Fax: (608) 261-7200
  • Regulatory contact: Paul Egide, Consumer Act Director
  • Website: www.wdfi.org
  • File complaint: www.wdfi.org/wca/consumer
    _credit/complaints_and_questions.htm



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