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Instalment loans in WI

Submitted by Jenny Langone on Thu, 07/12/2018 - 06:52
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I need to get rid of my payday debt. I have started by unauthorizing ach withdrawals with my bank. I am in WI, what is the max interest rate they can charge on an installment Loan? I'm not sure if Some of these are legal. One of them has charged me 700% interest.


Installment loan or payday loan? See, if the loan you took out is payday loan and the lender is not legal in your state, then you just need to pay the principal amount. No need to worry about the interest rate.

But in case of other loans, the terms and conditions can be different.


Submitted by Sanders Patricia on Fri, 07/13/2018 - 03:48

Sanders Patricia

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700% interest rates!!! Jeez!!! I would have been dead long back. Who is this lender? I want to check him out. Really!!! Just tell me the names. The law states that payday loans shouldn't exceed 35% of your gross monthly income.


Submitted by David Martin on Mon, 07/16/2018 - 03:02

David Martin

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