Payday Loans in Gordon, Wisconsin

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

Company nameAddressZip codePhone number
Fox Communities Credit Union 1061 Corporate Way, Pulaski, WI 54162 +1 (920) 490 - 2900
Heartland Credit Union 1520 US-151 BUS, Platteville, WI 53818 +1 (800) 362 - 3944
UnitedOne Credit Union 1117 S 10th St, Manitowoc, WI 54220 +1 (920) 684 - 0361
Chase Bank 111 E Wisconsin Ave, Milwaukee, WI 53202 +1 (414) 977 - 5606
Cash Store 306 S 17th Ave Ste D, Wausau, WI 54401 +1 (715) 841 - 1770
Walmart Money Center 200 WI-64, Antigo, WI 54409 +1 (715) 627 - 1382
Associated Bank 1217 N Taylor Dr, Sheboygan, WI 53081 +1 (920) 459 - 6880
MoneyGram 713 N Spring St, Beaver Dam, WI 53916 +1 (920) 887 - 9731
Wisconsin Housing & Economic Development Authority WHEDA 201 W Washington Ave UNIT 700, Madison, WI 53703 +1 (800) 334 - 6873
ATM Associated Bank 700 E Blackhawk Ave, Prairie du Chien, WI 53821 +1 (800) 627 - 3999

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Gordon, WI, you can try to find different companies in big cities near by. Check out the following pages here: 24-Hour Loan in Sheboygan, WI, Same Day Loans in Sun Prairie, WI, Payday Loans in Waukesha, WI, Bad Credit Loans in Wausau, WI, Online Loans in West Bend, WI, Payday Loans in Appleton, WI, Payday Loans in Beloit, WI and Payday Loans in Brookfield, 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 Gordon, WI.

Are Payday Loans Legal In Gordon, 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

Gordon, WI payday loan calculator

Understanding Payday Loans in Gordon, Wisconsin

Payday loans are small, short-term loans that can help cover unexpected expenses between paychecks. In Gordon, Wisconsin, payday loans are legal and regulated by state law. While these loans can be useful in certain situations, it’s important to understand the terms and risks associated with borrowing money before taking out a payday loan.

How Payday Loans Work

Payday loans typically range from $100 to $1500 and are designed to be repaid in full on the borrower’s next payday, usually within two to four weeks. To apply for a payday loan, a borrower must provide proof of income and a bank account. If approved, the loan is usually deposited directly into the borrower’s bank account.

When the loan is due, the lender will automatically withdraw the loan amount plus fees from the borrower’s bank account. If the borrower cannot repay the loan, they may be allowed to roll it over for an additional fee, which extends the loan’s due date.

Wisconsin Payday Loan Laws

In Wisconsin, payday loans are legal but subject to certain regulations meant to protect borrowers. These laws include:

  • A maximum loan amount of $1500 or 35% of the borrower’s gross monthly income, whichever is less.
  • A limit of one loan at a time per borrower.
  • A maximum annual interest rate of 542% for a 14-day loan.
  • A requirement that lenders provide borrowers with a written agreement detailing the loan terms and fees.

It’s important to note that while payday loans are legal in Wisconsin, they are not a long-term solution to financial difficulties and can lead to a cycle of debt if not used responsibly.

The Pros and Cons of Payday Loans

Payday loans can be a useful tool for those in need of emergency funds, but they also come with some significant drawbacks. Here are some of the pros and cons of taking out a payday loan:

Pros:

  • Quick access to cash when it’s needed most.
  • Relatively easy approval process, even for those with poor credit.
  • No collateral required (borrowers do not need to put up any assets as security for the loan).

Cons:

  • High interest rates and fees, which can quickly snowball if the borrower cannot pay the loan back on time.
  • Short repayment terms (usually only two to four weeks), which can make it difficult to pay back the loan in full.
  • Risk of loan rollover, which extends the loan’s due date and increases the total amount owed.

Interesting Facts and Statistics about Payday Loans in Gordon, Wisconsin

  • According to the Wisconsin Department of Financial Institutions, there were 2,323 licensed payday lenders in Wisconsin as of 2021.
  • In 2020, Wisconsin borrowers took out more than 857,000 payday loans with an average loan amount of $410.
  • The average annual percentage rate (APR) for a payday loan in Wisconsin is 527%.
  • In a survey of Wisconsin payday loan customers, 65% reported taking out a loan to cover an unexpected expense, while 24% needed the money to pay regular bills.

Apply Now for a Payday Loan in Gordon, Wisconsin

If you need cash quickly and have exhausted other options, a payday loan may be the right choice for you. TheGuaranteedLoans can help connect you with potential lenders in Gordon, Wisconsin. Our online application process is fast and straightforward, and you can receive a loan decision in minutes.

Please note that TheGuaranteedLoans is a connector service that does not directly lend money. We work with a network of trusted lenders in Gordon, Wisconsin, and beyond to help you find a loan that meets your financial needs.

Visit our website to learn more and fill out an online application today. Let TheGuaranteedLoans help you get the cash you need when you need it most.

F.A.Q.

Are there any limits on the interest rates or fees that can be charged for payday loans in Gordon, Wisconsin?

Yes, the maximum interest rate that can be charged for payday loans in Gordon, Wisconsin is 28% per year, and the maximum finance charge is $15.50 for every $100 borrowed.

What is the repayment period for payday loans in Gordon, Wisconsin?

The repayment period for payday loans in Gordon, Wisconsin is 90 days.