Compare your loan options in Wyoming

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.

Our top pick: OppLoans Installment Loans

• Min. Loan Amount: $500
• Max. Loan Amount: $5,000
• Turnaround Time: 1 business day
• Loan Term: 9 to 36 months
• Requirements: Direct deposit, meet minimum income requirements

• Easy online application
• Quick approval
• Fast funding
• Long repayment terms

Our top pick: OppLoans Installment Loans

Comes with the option to change your due date so you won’t fall behind on repayments.

• Min. Loan Amount: $500
• Max. Loan Amount: $5,000
• Turnaround Time: 1 business day
• Loan Term: 9 to 36 months
• Requirements: Direct deposit, meet minimum income requirements

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How does payday lending in Wyoming work?

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:

• Maximum loan amount: None
• Maximum loan term: One calendar month
• Finacing fees: Either 20% per month or $30, whichever is greater
• APR: A 14-day $100 loan has an APR of 780%
• Collection fees: None

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.

Take a look at these lenders when you’re comparing payday loans

Check the websites of any providers you’re interested in to confirm they operate in Wyoming.

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Name	Product	Filter Values	Max. Loan Amount	Turnaround time	Requirements
OppLoans Installment Loans			$5,000	1 business day	Direct deposit, meet minimum income requirements	Comes with the option to change your due date so you won’t fall behind on repayments.	Go to site More Info		loading Fetching your data...
Check Into Cash Installment Loans			$3,000	1 to 2 business days	Bank account, email address, phone number, US citizen or permanent resident, ages 21+, $3,500 minimum income in California	Borrow money with lower payments and more time to pay than a traditional payday loan.	Go to site More Info		loading Fetching your data...
Fast5kLoans Short-term Loans Connection Service			$35,000	As soon as the next business day	Regular source of income, verifiable bank account, US citizen, ages 18+	Get connected with multiple lenders you might qualify with — even if you have bad credit.	Go to site More Info		loading Fetching your data...
CashNetUSA Loan			Varies by state	As fast as same business day	Regular source of income, bank account, US citizen or permanent resident, age of majority in your state	Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.	Go to site More Info		loading Fetching your data...
CashUSA Installment Loans			$10,000	As fast as same business day	Regular source of income, bank account, US citizen or permanent resident, age of majority in your state	Explore its online education center to get tips on budgeting, how to prioritize your bills and more.	Go to site More Info		loading Fetching your data...
Zaplo Installment Loan			$1,200	As soon as the next business day	Regular source of income received biweekly or semi-monthly, Missouri or Utah resident, checking account with automatic deposits, not a military service member	Borrow up to $1,200 — but only if you live in Missouri or Utah.	Go to site More Info		loading Fetching your data...
Jora Installment Loans			$2,600	1 to 2 business days	Active checking account, regular source of income, email address	Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.	Go to site More Info		loading Fetching your data...
HonestLoans Installment Loans			$50,000	Same business day to 1 business days	Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.	Get a flexible installment loan with fast funding through one easy online application form.	Go to site More Info		loading Fetching your data...
LendYou Short-term Loans			$15,000	Same business day to 1 business days	$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+	Get offers from potential lenders in minutes by filling out just one online form.	Go to site More Info		loading Fetching your data...
Possible Finance Mobile Installment Loans			$500	As fast as 1 business day	Checking account with 3+ months of banking history, $750+ monthly income, live in eligible state, ages 18+	Borrow up to $500 with just a few swipes — but only for residents of 5 states.	Go to site More Info		loading Fetching your data...

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Here’s what you’ll need to apply

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

• Your name, date of birth, address, email and phone number
• Your Social Security number and a valid form of ID
• Your employment status and gross monthly income

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.

Are there other options besides payday loans?

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

Bottom line

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.

Payday Loan Locations In Wyoming

Do you have any more questions about payday loans?

• Where can I go if I have a complaint about a payday lender?

  The Wyoming Division of Banking handles all complaints about payday lenders and loans.

• If I can’t pay my payday loan on time, can I ask my lender for a repayment plan?

  Yes, but you can only do this once every 12 months. You’ll repay your loan in 4 equal installments over 60 days.

• Is there a cooling off period between loans?

  Wyoming law doesn’t specify a cooling off period, but it’s a good idea to wait between loans to avoid the high cost of interest.