Wisconsin Cash Loan

The state of Wisconsin has experienced a major growth in business completed by payday lenders over the last ten years. Wisconsin has experienced a 700% growth in payday loan establishments since 1998. The high water mark for Wisconsin payday lending was 2005 with 442 businesses registering with the state government to provide cash loans. These businesses are projected to increase total loans distributed by 12% over the next few years if additional establishments are opened.

For Wisconsin residents unfamiliar with cash loans, these loans are typically limited to $1,000 and need to be repaid within 30 days to avoid penalties. State officials have debated bills in recent years to limit the interest rates and outline the terms for cash loans, as there are no laws at present for the payday loan lenders. In the meantime, residents who are concerned about taking out cash loans can check out to find lenders in their neighborhoods.

A cash loan can help cash-strapped workers take care of bills that pop up unexpectedly. The struggling economy means that credit card companies and banks are requiring higher minimum payments on revolving lines of credit. Every family is struggling to meet monthly bills while dental, medical, and financial emergencies continue to arise. The failing housing market has led many Wisconsin residents to dip into their savings, cash advances on credit cards, and IRAs to pay off mortgages. The resources available through allow residents from Green Bay to Madison to avoid digging themselves deeper into financial holes.

Payday lenders do not draw upon credit lines for cash loan applicants, relying instead on upcoming paychecks. An applicant can provide a personal check dated ahead for the loan amount plus interest and application fees charged by the payday lender. Wisconsin lenders will cash the post-dated check after the loan agreement has expired in order to recover their initial loan. Responsible borrowers cash their paychecks well ahead of the loan maturation date to protect against overdrafts and penalties.

Wisconsin Cash Loan Cities
AntigoCamp LakeFranklinRacine
AppletonChippewa FallsGreen BaySheboygan
ArcadiaColumbusJanesvilleSouth Milwaukee
AshlandCrandonKenoshaStevens Point
BarabooDe ForestLa CrosseSun Prairie
Beaver DamDelafieldMadisonSuperior
Black River FallsEau ClaireMilwaukeeWaukesha
BurlingtonFond Du LacOshkoshWest Bend