Giving hope to hopeless since 2007

84% Clients satisfied
In the last 7 years

Watch 363 live reviews
Know why people trust us

100% Refund
When there is no result

We follow FTC
Since we care for you

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



Latest Articles

7 Unusual ways to spend tax refund money

Majority of taxpayers are expecting some extra cash in coming month. Usually, March and April means, time to see a good sized check in mailbox. And many of you’ve already planned to utilize the money on some usual tasks such as paying off debt, refinancing mortgage, buying life insurance ...

View more »
Latest answers

I have 4 payday loans with Spotloan; Radiant cash; Clear ...

I am in California. Would like to know if they are legal. I could not find the website where you check that. Thanks

View more »
Latest from blog

Make a green oath - 51 Ways to save mother earth and your ...

“Care for Mother Earth just like you care for your money Leave a green earth and beautiful money tree for your kids”Mother nature is least bothered about the Earth day. In her dictionary, each day is an Earth Day and therefore she expects that we will take care of nature 24*7. But ...

View more »