Payday loan Wisconsin providers are regulated and licensed by the Department of Financial Institutions, which also publishes research on the industry.
Among the research that they have published is the "Wisconsin Guide to
Payday Loans", which the cash advance licensees must provide to payday
loan applicants, before the licensee enters into such a loan agreement.
As is the case with many other states, the payday loan industry in Wisconsin is heavily regulated through the state's law, and you should get to know these laws in detail before considering a cash advance loan.
These payday loan laws in Wisconsin regulate, for example, how much you can borrow in dollar terms or as a percentage of your gross monthly income, whichever is less, and how the lender may approach collecting on the loan in the case of nonpayment by the borrower.
You should also research alternatives to payday advance loans, including negotiating a salary advance from your employer, getting a cash advance on a credit card, and taking a small consumer loan from a local bank or a credit union.
Payday loans are intended to be used for short-term unexpected expenses and emergencies, but they are NOT solutions to long-term money problems.
From most payday lenders in the state, some of the central requirements for getting a cash advance loan include a regular job & income, and an active bank account, but the loan application processing typically does not require a credit check, making these loans even available to people with bad credit.
Among the popular choices for a payday lender in Wisconsin is Check 'n Go, a nationally franchised operator of cash advance stores.
According to their store finder tool (available from their official website), Check 'n Go has a total of 42 outlets in Wisconsin, and they have been providing these loans in the state since 1996.
Available Check 'n Go in-store financial products also include Axcess prepaid debit cards, another useful financial tool in day-to-day personal money management.
The firm also operates an online loan store in Wisconsin, through which you cannot apply for a cash advance, but you can apply for an installment loan.
Installment loans are longer-term, larger dollar amount loans (to payday loans), usually paid back in several installments.
Cash advances should be used for short-term financial needs only, not as a long-term financial solution.
| Terms & Conditions | Copyright 2012 © Vippi-opas.com