Payday Loans in Colgate, Wisconsin

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No payday loan companies in Colgate, WI. Consider companies in other cities:

Company nameAddressZip codePhone number
Area Financial Services Inc 211 Harvest Ln Suite 2, Altoona, WI 54720 +1 (715) 834 - 2786
Summit Credit Union W156 S6840, Moorland Rd, Muskego, WI 53150 +1 (800) 236 - 5560
Nicolet National Bank 106 WI-54, Seymour, WI 54165 +1 (920) 833 - 2288
TitleMax Title Secured Loans 2220 Grand Ave, Wausau, WI 54403 +1 (715) 230 - 2040
BMO Harris Bank - Mortgage Banker Ruth Patterson 112 E Capitol Dr, Hartland, WI 53029 +1 (414) 374 - 6743
Heiser Chevrolet West Bend 2620 W Washington St, West Bend, WI 53095 +1 (262) 334 - 3858
Thrivent Financial 902 17th Ave, Monroe, WI 53566 +1 (608) 325 - 8100
Bank First 104 W Main St, Watertown, WI 53094 +1 (920) 262 - 2900
Shell Lake State Bank Loan Production Office 10584 Main St, Hayward, WI 54843
Cash Store 1225 E Green Bay St Ste 102, Shawano, WI 54166 +1 (715) 526 - 7810

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Colgate, WI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Waukesha, WI, Short-term Loans in Wausau, WI, Payday Loans in West Bend, WI, Online Loans in Appleton, WI, Emergency Loan in Beloit, WI, Payday Loans in Brookfield, WI, Bad Credit Loans in Eau Claire, WI and Payday Loans in Fond du Lac, WI. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Colgate, WI.

Payday Loans Available in Colgate, WI By The Following ZIP Codes:

53017

Are Payday Loans Legal In Colgate, Wisconsin?

Loan Rates and Fees, Laws and Regulations in Wisconsin.

Wisconsin Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)574
Maximum Loan Amount$1,500 (or 35% of the gross monthly income)
Minimum Loan TermNot Specified
Maximum Loan Term90 days
Number of Rollovers Allowed1
Finance Charges2.75%/mo

Colgate, WI payday loan calculator

Understanding Payday Loans in Colgate, Wisconsin

If you find yourself struggling to make ends meet, a payday loan might appear like a financial lifeline. Payday loans in Colgate, Wisconsin, and other states are legal, but come with high interest rates and other fees. Here’s what you need to know if you’re considering a payday loan in Colgate, Wisconsin.

What is a Payday Loan?

A payday loan is a short-term loan, usually for small amounts of money. The loan is typically due on the borrower’s next payday, hence the name. They are considered high-risk loans, and lenders often charge high-interest rates and fees. In Colgate, Wisconsin, payday lenders can charge up to $22 per $100 borrowed in interest and fees. These types of loans can be tempting when you’re in a financial bind, but they come with significant risks.

The Risks of Payday Loans

The main risk of payday loans is their high cost. Due to their nature as a short-term loan, a borrower can end up paying high fees and interest rates, which can add up quickly and lead to a cycle of debt. According to the Consumer Financial Protection Bureau, more than 80% of payday loans are rolled over or followed by another loan within two weeks. This is known as the cycle of debt, and it can be difficult to get out of.

Another risk of payday loans is the frequency of debt collection and aggressive tactics. Many payday lenders use aggressive debt collection tactics when borrowers fail to repay their loans on time. These tactics can include repeated calls to your phone, threats of legal action, and even physical threats. If you’re already struggling financially, dealing with harassment can add to your stress levels and exacerbate the situation.

Alternatives to Payday Loans

Thankfully, there are alternatives to payday loans if you find yourself in a financial bind. Some options include:

  • A personal loan from a bank or credit union
  • A cash advance from your credit card
  • Asking for a payment extension or due date change from your creditor
  • A small loan from family or friends
  • Asking for a salary advance from your employer

Try to exhaust all alternatives before considering a payday loan. If you decide to go ahead with a payday loan, remember to borrow only what you need and to repay the loan as soon as possible to avoid the cycle of debt.

Interesting Facts and Statistics about Payday Loans in Colgate, Wisconsin

  • The average payday loan amount in Colgate in 2019 was $380, and the average APR was 528% (source: Wisconsin Department of Financial Institutions).
  • In 2019, the total payday loan debt in Wisconsin was over $95 million (source: National Conference of State Legislatures).
  • Wisconsin is one of 32 states that allow payday lending, although many states have strict regulations on interest rates and fees (source: Pew Charitable Trusts).

Apply Now

If you’ve considered all your options and still need a payday loan, TheGuaranteedLoans can connect you with potential lenders in Colgate, Wisconsin. Our online application is quick and easy, and we work with a network of trusted lenders. However, it’s important to note that we are not a direct lender, and we cannot guarantee loan approval. Remember to borrow responsibly, and only what you can repay.

F.A.Q.

Can I cancel a payday loan in Colgate, Wisconsin?

Yes, borrowers have the right to cancel a payday loan within 24 hours of signing the loan agreement. To cancel the loan, the borrower must notify the lender in writing and return any funds that have already been disbursed. The lender is required to refund any fees or charges that have been collected within 10 days of receiving the cancellation notice.

Are there any protections for military service members in Colgate, Wisconsin regarding payday loans?

Yes, Wisconsin law provides additional protections for military service members and their families. These protections include caps on interest rates, limits on the number of loans that can be taken out at once, and requirements for lenders to provide clear disclosure of loan terms and conditions.