There are very few restrictions on payday loans in Wisconsin, except for a limit of the lesser of $1,500 or 35% of the borrower’s gross income and a maximum of 90 days for a loan term. Also, borrowers are entitled to a repayment plan of 4 equal monthly payments to prevent default.
Regulating the fine line of payday lending in Wisconsin is the Wisconsin State Legislature.
We at PayDayAllDay strongly suggest our consumers to do their research, and carefully analyze and compare the terms of services, rates, fees, and other conditions offered by several lenders before engaging in any borrowing activity.
