Payday Loans in Phlox, Wisconsin

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

Company nameAddressZip codePhone number
Centricity Credit Union 25 Belknap St, Superior, WI 54880 +1 (218) 729 - 7733
Security Financial Bank 1561 Commerce Ct, River Falls, WI 54022 +1 (715) 426 - 6600
Thrivent Financial Lutherans 11695 Center Hill Rd, Darlington, WI 53530 +1 (608) 482 - 0103
Associated Bank 1594 E Sumner St, Hartford, WI 53027 +1 (262) 673 - 7500
Advance America 2321 Hwy. 25 North, Suite 302, Menomonie, WI 54751 +1 (715) 233 - 0376
Wynn Law Firm LLC: Wynn Shannon E 415 Broad St, Lake Geneva, WI 53147 +1 (262) 725 - 0175
CarlsonSV 301 Keller Ave S, Amery, WI 54001 +1 (715) 268 - 7999
Summit Credit Union 202 E Verona Ave, Verona, WI 53593 +1 (608) 243 - 5000
BMO Harris Bank 209 Horicon St, Mayville, WI 53050 +1 (920) 387 - 2200
Chase Bank 8 S Main St, Fond du Lac, WI 54935 +1 (920) 923 - 7700

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Phlox, WI, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan Companies in Menomonee Falls, WI, Payday Loan Without a Credit Check in Milwaukee, WI, Payday Loan Companies in New Berlin, WI, Payday Loans in Oak Creek, WI, Payday Loans in Oshkosh, WI, Payday Loans in Racine, WI, Bad Credit Loans in Sheboygan, WI and Payday Loans in Sun Prairie, 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 Phlox, WI.

Are Payday Loans Legal In Phlox, 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

Phlox, WI payday loan calculator

Understanding Payday Loans in Phlox, Wisconsin

Payday loans are short-term loans designed to help people get access to money quickly to cover unexpected expenses or emergencies. These loans are meant to be paid back in full with the next paycheck. While payday loans are legal in Wisconsin, it’s essential to understand the regulations governing them before considering this type of loan, particularly in the town of Phlox.

How do payday loans work?

Payday loans allow borrowers to get a small amount of cash quickly without going through a credit check. To apply for a payday loan in Phlox, you need to be over 18 years, have a steady income, and an active checking account. You provide your personal details and a postdated check, which is held as collateral. The lender will give you cash in exchange for the postdated check, which usually includes a finance charge and interest.

The loan is expected to be paid back within two weeks, or on your next payday. If you’re unable to repay the loan in full at this point, the lender may offer you a repayment plan. This means you can repay the loan in installments over a more extended period, but additional fees and interest may apply.

Regulations in Phlox

While payday loans are legal in Wisconsin, there are regulations in place to protect consumers from unscrupulous lenders. For example, the Wisconsin Department of Financial Institutions regulates payday lenders operating in Wisconsin, which includes Phlox. These regulations stipulate that payday loans must have a maximum loan amount of $1,500 or 35% of your gross monthly income, whichever is less. Additionally, lenders cannot charge more than 15% of the loan amount in fees (for example, $15 for every $100 borrowed), and the loans cannot be renewed more than once.

It’s crucial to understand these regulations if you’re considering a payday loan in Phlox. Ensure that the lender you choose is licensed with the Wisconsin Department of Financial Institutions and is following all the regulations set out for payday loans in Wisconsin.

Benefits of payday loans

  • Quick access to funds
  • No credit check required
  • Easily accessible

Potential drawbacks of payday loans

  • High interest rates
  • Short loan terms
  • Potential to get stuck in a cycle of debt

Overall, payday loans can be helpful in emergency situations. However, they come with high-interest rates and fees, which can quickly add up, leaving you in a more difficult financial situation. It’s vital to consider your options and ensure that you will be able to pay back the loan before taking it out.

Interesting Facts and Statistics about Payday Loans in Phlox, Wisconsin

  • The number of payday loan establishments in Wisconsin has decreased from around 500 in 2012 to 257 in 2019.
  • In 2016, the Consumer Financial Protection Bureau found that the average payday loan borrower in Wisconsin takes out eight loans a year, with an average loan size of $300.
  • According to data from the Wisconsin Department of Financial Institutions, the number of payday loans issued in Wisconsin dropped from 2016 to 2019

Apply Now

If you’re in need of a payday loan, TheGuaranteedLoans can help connect you with potential lenders. Our online application is easy to fill out, and we’ll do the work of finding lenders for you. Remember that we’re a connector service, not a direct lender, and that additional fees and interest may apply. Fill out our online application today and get connected with lenders for your payday loan needs.

F.A.Q.

Is there a limit on the number of payday loans I can have at once in Phlox, Wisconsin?

Yes, Wisconsin law limits the number of payday loans that a borrower can have at one time to two. This means that a borrower cannot take out more than two payday loans at once, regardless of their income or creditworthiness.

Can I cancel a payday loan in Phlox, 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.