When you have unplanned expenses and are on a tight budget, a payday loan could be helpful. Payday loans, a type of short-term loan, give you quick access to money when you need it. Read on to find out about the laws in Wyoming and everything else you should know about how payday advances work.
When you’re struggling to make ends meet, a payday loan can be a good way to get through a financial slump. If you’re a resident of Wyoming, you should learn about the costs of a payday loan before borrowing so you can be sure you’re getting the best terms possible.
All payday loans fall under Wyoming Statutes 40-14-362. A payday lender should have a valid post-dated check casher license obtained from the Department of Audit, Division of Banking under the Wyoming Uniform Consumer Credit Code. A payday lender should make available its fees schedule along with borrowers’ rights and obligations when requested. Wyoming payday loan laws don’t specify the maximum amount you can borrow through a payday loan. You cannot use the proceeds of a payday loan to repay, refinance, or consolidate another payday loan.
Here are the terms and costs of payday loans:
You can have any number of payday loans out at once, but remember that the more loans you have, the higher the costs will be. Wyoming law doesn’t permit borrowers to roll over or refinance a payday loan, meaning if you can’t afford to repay, you’ll likely accumulate even more debt.
Always read the terms of your loan before you sign to be sure you can afford to borrow.
Whether you’re applying in-store or online, you’ll need to be at least 18 years old, a US citizen or permanent resident and have a regular source of income.
When you’re ready to get started on your application, you’ll need to give some personal information about yourself so the lender can verify your identity and ability to repay the loan. This includes
If you choose to apply online, you’ll likely have to provide access to your checking account. This is so the lender can deposit your loan and debit the payment when it’s due.
If you don’t want to take out a payday loan and don’t need cash immediately, Wyoming has a few assistance programs that could be helpful when you’re trying to pay your everyday bills. Things like the Wyoming Supplemental Nutrition Assistance Program (SNAP), Heating Assistance program and the Unemployment Insurance Division can help you when you’re in a tight place financially.
Other options for quick cash include taking out a credit card cash advance, applying for an installment loan or finding a way to make money on the side.
Our page on payday loan alternatives has all the details you’ll need
If you’re struggling to make ends meet and need a little boost, a payday loan can be a good way to get by. You’ll need to be sure you can pay it back, but if you have bad credit and need just a little bit of money, applying for a payday loan could be the difference between paying your bills and dealing with late fees.
| Cities in Wyoming | Payday Loan Locations |
|---|---|
| Casper | View Payday Loans in Casper, WY |
| Cheyenne | View Payday Loans in Cheyenne, WY |
| Cody | View Payday Loans in Cody, WY |
| Douglas | View Payday Loans in Douglas, WY |
| Evanston | View Payday Loans in Evanston, WY |
| Gillette | View Payday Loans in Gillette, WY |
| Green River | View Payday Loans in Green River, WY |
| Jackson | View Payday Loans in Jackson, WY |
| Laramie | View Payday Loans in Laramie, WY |
| Lyman | View Payday Loans in Lyman, WY |
| Mountain View | View Payday Loans in Mountain View, WY |
| Rock Springs | View Payday Loans in Rock Springs, WY |
| Sheridan | View Payday Loans in Sheridan, WY |
| Torrington | View Payday Loans in Torrington, WY |
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