Payday Loan Lenders In Wyoming (WY)

Are you a Wyoming resident struggling with financial problems, a payday loan can help you get through financial hard times. In case you are new to the term, payday loans are short-term high-interest loans, which average at $500 – $1,000. In Wyoming, they are offered as a post-dated check as per the regulations. The post-dated check automatically cashes itself at the end of the loan term.


Are Payday Loans Banned In Wyoming?

No, Payday loans are legal in Wyoming. Unlike the majority of the states where payday loans are either banned or heavily regulated, in Wyoming, they are regulated calmly.

The minimum APR is high, roughly 261%. There is also no minimum or maximum loan amount. While the minimum loan term is not specified, the maximum loan term is one calendar month. However, rollovers are not allowed, and thus you can only use your salary or other income to pay your loan.

In Wyoming, payday loans are regulated under the Uniform Consumer Credit Code (Wy. Stat. 40-14-362 et seq.) and codenamed “post-dated check loans,” as mentioned above. Wyoming task lenders with the work of identifying whether the borrowers will manage to pay the loans comfortably. In addition, the financing fee is capped at 20% or $30, whichever is met first is applied. Also, lenders are allowed to give borrowers a 4-installments repayment plan.

The Payday loan providers must be licensed under the division of banking to be allowed to offer the loan services upon payment of registration fees. It’s noteworthy that an APR of 780% is applicable on a 14-day $100 loan. Considering the APRs on a 14-day $100 credit in some states being as low as 36% (South Dakota), this is somewhat too huge for borrowers.

Besides Payday Loans, What Are Other Types Of Loans Are Available In Wyoming?

Due to the nature of payday loans, they have a huge risk factor of sinking lenders into financial problems rather than solving them. For this reason, it is always advisable to look at the ideal alternatives for applying for a payday loan.

1. Debt Consolidation Loans

Debt consolidation loans target at relieving debt pressures on a borrower. In Wyoming, you can use one of the two alternatives, take a consolidation loan and do it personally or use a debt consolidation company.


  • Save extra damages on your credit score
  • You resolve your debt crisis


  • Debt is not forgiven
  • Charge fees if you choose a company

2. Credit Builder Loans

This option is for anyone with an already damaged credit score and in need of finances. You first finance your loan, and it’s disbursed upon completing the installments.


  • Rebuilds your credit
  • Good saving skill


  • Late payments are reported to the bureau
  • Disbursement only happens after you finish paying the installments

3. Friends/Relatives Loans

While it sounds embarrassing, friends and relatives are an excellent alternative when you are in a financial emergency and almost out of borrowing options. First, friends/relatives will not charge any fee, any interest rate, or any additional charges like with most lenders.


  • Cannot report you to credit bureaus
  • No charges
  • No harsh stipulations to pay


  • Cash may not be readily available
  • Not very reliable

4. Installments Personal Loans

These kinds of loans are cheaper and spent over a more extended period.


  • Longer repayment terms (lower monthly payments)
  • Reliable APR
  • Helps in self-investment


  • Some lenders have high APRs
  • Hidden fees (prepayment)
  • Growing interest

How Can I Apply For A Payday Loan In Wyoming?

You can either apply online or in a storefront.

  1. You first select a lender.
  2. Secondly, you fill in your personal information to verify your identity and prove that you have the potential to repay the loan.
  3. Thirdly, read the terms and conditions, and submit your application. If the request is approved, the lender will provide you with the loan terms and conditions, including the APR and the duration of your loan.
  4. Lastly, you just have to provide your bank details and sign the digital loan agreement (if applying online).

What Is The Eligibility To Apply For A Loan In Wyoming?

To qualify for a loan application, you have to meet the following requirements,

  • Must be at least 18years old
  • Must be a US citizen or permanent resident
  • Must have a regular source of income

You will also be required to fill additional information as follows;

  • Your name, date of birth, email, phone number and address
  • A valid ID and a working Social Security number
  • Your current employment status and gross monthly income
  • In case you are applying online (which is the case for most people,) you also fill a checking account.

Top 5 Loan Options For Wyoming

Among the top online lenders offering services, most of them operate jointly across different states all over the country.

1. Payday Loans the USA

It is one of the largest payday loan providers across the country. The company offers a maximum loan of $1000. Also, you get a minimum MPR of 16.6%, which is worthwhile as compared to the competitors. To get a loan, you do not need any guarantor or collateral.

  • Available for bad credit
  • No collateral
  • Fewer requirements
  • Expensive
  • Easy to get inside a debt loop

2. Fast Holiday Loans

Fast Holiday loans provide its services in Wyoming alongside most of the sates. Only residents of Arkansas, West Virginia, New York, and Vermont who cannot access their services. The website offers a maximum loan of $1000, with a minimum APR of 200%. You must not have collateral or guarantor. Last but not least, you do not need to worry should you have bad credit.

  • Also, offer installments loan
  • Easy to access
  • Unsecured loan
  • Only offers holiday loans
  • Specific lenders may perform hard inquiries

3. Your Faster Payday

Similarly, this website provides a maximum payday loan of $1000 with an APR ranging from 200 – 1386%. You also do not require a guarantor or collateral. The loan is available for individuals with bad credit too.

  • Fast to get a loan
  • No hidden charges
  • Individual lenders may perform hard credit checks
  • Very high-interest rates

4. Check ‘n Go

Check ‘n Go provides payday and installment loans. You can qualify for a loan even with a bad credit. It offers loan amount of between $200 and $3000.

  • Available for individuals with bad credit
  • Unsecured
  • Must have a FICO Score of 500
  • Individual lenders may charge hidden fees

5. Lend You

This website also offers a maximum of $1000 payday loan with a minimum MPR of 17.5%. It’s noteworthy that your credit is not in question plus no collateral or guarantor is needed.

  • Easy application process
  • No credit checks
  • A minimum MPR of 17.5% is high
  • Hidden charges

Quick FAQs

How Can One Apply For A Payday Loan?

To apply for a payday loan, you first choose whether you will apply online or in a storefront. Once you have decided, select a lender and fill in your details to verify your identity and submit the application. If approved, you will be shown the personalized rates and asked to sign if comfortable with them.

What are the alternatives to payday loans in Wyoming?

In case you are out of options in this state, you still have several options to turn to for help. There are government aid, friends, and relatives, and also you can renegotiate loans/bill repayment period extension.

If you still prefer a loan, you can go for a credit card advance, credit builder, or debt consolidation service. Either of this will help you greatly in your financial needs.

What are the chances of qualifying for a payday loan in Wyoming?

Whether you qualify for a loan or not will depend on the lender you will choose to take out a loan with. However, if you have a good credit score, good income, good credit history, and meet the minimum requirements, then you have a better chance of qualifying for a payday loan with most lenders.


A Payday loan can help you overcome emergency financial challenges in the best possible way. However, given the higher interest rates associated with the loan, payday should not be used as regular financial solutions, they could hurt your financial goals in the long-term.