Payday Loans in Eldorado, Wisconsin

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

Company nameAddressZip codePhone number
Wisconsin Auto Title Loans, Inc. 2904 London Rd, Eau Claire, WI 54701 +1 (715) 832 - 2814
Security Finance 842 S Main St, West Bend, WI 53095 +1 (262) 335 - 6680
CFSC Checks Cashed 26th & Wisconsin 2534 W Wisconsin Ave, Milwaukee, WI 53233 +1 (414) 875 - 6614
Tri-County Credit Union 2205 Hall Ave 107, Marinette, WI 54143 +1 (715) 735 - 3913
Western Union 780 State Highway 54 Pilot Flying J, Black River Falls, WI 54615 +1 (715) 284 - 4341
Hiawatha National Bank 1414 N Taylor Dr 205, Sheboygan, WI 53081 +1 (920) 395 - 9430
Apostle Islands Mortgage 7 S Broad St, Bayfield, WI 54814 +1 (715) 292 - 8444
Peshtigo National Bank 2890 Roosevelt Rd, Marinette, WI 54143 +1 (715) 735 - 3727
United States Postal Service 137 W Main St, Forestville, WI 54213 +1 (800) 275 - 8777
Bremer Bank 3947 Oakwood Hills Pkwy, Eau Claire, WI 54701 +1 (715) 552 - 5557

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Eldorado, WI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Companies in Oshkosh, WI, Payday Loan Without a Credit Check in Racine, WI, Online Loans in Sheboygan, WI, Same Day Loans in Sun Prairie, WI, 24-Hour Loan in Waukesha, WI, Same Day Loans in Wausau, WI, Quick Loan in West Bend, WI and Payday Loans in Appleton, 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 Eldorado, WI.

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

54932

Are Payday Loans Legal In Eldorado, 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

Eldorado, WI payday loan calculator

Understanding Payday Loans in Eldorado, Wisconsin

Payday loans are a type of short-term loan that can help you meet urgent financial needs. Unlike traditional loans, payday loans in Eldorado, Wisconsin, are meant to be repaid within a short period, usually on your next payday.

Wisconsin currently has laws to regulate payday lending in the state, so it is essential to understand the rules before taking out a loan.

How do Payday Loans Work in Eldorado, Wisconsin?

The first step to obtaining a payday loan in Eldorado, Wisconsin, is completing an online application on our website. If you are eligible, we will forward your application to our network of lenders. Once a lender approves your loan application, you can receive the loan amount in cash or deposited directly into your bank account.

Wisconsin state law requires lenders to provide you with information about the loan, including the interest rate and fees, before you sign the loan agreement. The lender must disclose the annual percentage rate (APR) of the loan, which can be as high as 564% for a two-week payday loan.

It is important to note that Wisconsin law limits the loan amount to $1,500 or 35% of your gross monthly income, whichever is less. This cap is meant to protect borrowers from taking out too much debt that they cannot repay.

Are Payday Loans Legal in Eldorado, Wisconsin?

Yes, payday loans are legal in Wisconsin. In fact, the state has some of the most accommodating laws to regulate payday lending in the country.

Wisconsin allows payday lending under the Wisconsin Consumer Act. Lenders are required to have a license to operate in Wisconsin. Furthermore, they must disclose all loan fees and charges before approving the loan application.

Despite the laws in place, it is essential to be vigilant when taking out a payday loan. Borrowers should carefully consider their options before taking out a loan and ensure that they can repay the loan on time.

Pros and Cons of Payday Loans in Eldorado, Wisconsin

Pros:

  • Easy and fast loan processing
  • No credit check
  • Flexible repayment terms

Cons:

  • High interest rates
  • Short repayment period
  • Potential for debt cycle
  • Limited borrowing amount

Interesting Facts and Statistics about Payday Loans in Eldorado, Wisconsin

  • According to a study by the Wisconsin Department of Financial Institutions, 28% of Wisconsinites who took payday loans in 2019 used the money for car repairs, while 22% used it for medical expenses.
  • In 2019, payday loan borrowers in Wisconsin paid $123 million in loan fees and interest charges.
  • According to a Pew Charitable Trusts report, the average payday loan borrower in Wisconsin takes out eight loans annually, spending $574 on loan fees and interest charges.

Applying for a Payday Loan in Eldorado, Wisconsin

If you are facing a financial emergency and need a payday loan in Eldorado, Wisconsin, TheGuaranteedLoans can help you connect with suitable lenders in the state. To apply, simply fill out our online application form on our website.

Remember, TheGuaranteedLoans is not a direct lender, but a loan connector service that helps borrowers connect with lenders. We prioritize transparency and provide you with all the necessary information to make an informed decision. Our goal is to ensure that you get the best possible loan terms for your needs.

Conclusion

Payday loans can be a helpful tool in times of financial emergencies. However, it is essential to understand the laws governing payday loans in Eldorado, Wisconsin, to avoid falling into debt traps. Remember to explore all your options before taking out a payday loan, and make sure you can repay it on time.

TheGuaranteedLoans can help you find suitable payday lenders in Eldorado, Wisconsin. To apply for a payday loan, visit our website and fill out our online application form.

F.A.Q.

Can borrowers renew or extend their payday loans in Eldorado, Wisconsin?

No, borrowers cannot renew or extend their payday loans in Eldorado, Wisconsin. If a borrower is unable to repay the loan on time, they may be able to enter into a repayment plan with the lender.

Is there a cooling-off period for payday loans in Eldorado, Wisconsin?

Yes, there is a cooling-off period of 24 hours for payday loans in Eldorado, Wisconsin. This means that a borrower must wait at least 24 hours after repaying a payday loan before taking out another one.