Payday regulations in Wisconsin
Date: Fri, 11/10/2006 - 20:29
I need to know if Wisconsin has any regulations on pay day Loans primarily in extensions? Also how do I recieve an answer?
I know off the top of my head that Wisconsin does not have a cap
I know off the top of my head that Wisconsin does not have a cap on interest rates.
WI has no protection for the borrowers. Therefore, it's not good
WI has no protection for the borrowers. Therefore, it's not good extending the loan. You have to think about paying the lender as early as possible so that you can save money in interests and other fees.
The only guard you have is that the loan company should be licensed in WI before giving loans. Report the companies doing business in your state without their license.
Wisconsin Department of Financial Institutions
Address: Wisconsin Consumer Act Section, P.O. Box 8041 Madison, WI 53708
Phone: (608) 261-9555
Fax: (608) 261-7200
http://www.wdfi.org/
