Wisconsin Personal Loans for Bad Credit (WI)

Wisconsin Personal Loan for Bad Credit Laws and Regulations in (WI)

A loan, whether precomputed or based upon the actuarial method, made after October 31, 1984, is not subject to any maximum interest rate limit. Loan contracts providing for installments payable at monthly intervals may provide for a first period between the date of the contract and the first installment due date of not more than 45 days and not less than 15 days. Where the first period is greater or lesser than one month, interest may be charged only for each day in the first period, at a rate not to exceed one-thirtieth of the interest which would be applicable to a first installment period of one month, but such first period may be considered a monthly interval for purposes of determining rebates. Where the first period is greater than one month, any additional interest charge shall be earned and may be added to and collected at the time of the first installment payment.

No loan of $3,000 or less, excluding interest, scheduled to be repaid in substantially equal installments at equal periodic intervals shall provide for a scheduled repayment of principal more than 36 months and 15 days from the date of the contract if the principal exceeds $700, nor more than 24 months and 15 days from the date of the contract if the principal is $700 or less.

This information is for informational purposes only. Although care has been taken to accurately describe the laws and regulations in Wisconsin, no guarantees are implied or expressed about its accuracy. This is not legal advice. If you need legal advice, please consult an attorney or the Wisconsin Department of Financial Institutions.

The following classes of lending organizations may be exempt from some, all, or none of the regulations and laws set by the state of Wisconsin. Federally chartered banks, state chartered banks, credit unions and some entities organized under the laws of a sovereign nation (for example) a Native American Tribe or the country of Antigua.

Wisconsin Personal Loan for Bad Credit Lending Regulator (WI)

Regulating Authority
Wisconsin Department of Financial Institutions
201 W Washington Avenue
Suite 500
Madison, WI 53703
(608) 261-9555
www.wdfi.org

Agency for Handling Complaints
State of Wisconsin Department of Financial Institutions
Office of Consumer Affairs
PO Box 8041
Madison , WI 53708-8041
(800) 452-3328, (608) 264-7969
www.wdfi.org/contact_us/complaint.asp

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There’s a million ways to fall short financially, and a personal loan for bad credit can really help when you’re in a jam. When your finances are as backed up as traffic on I-94 at rush hour, who can you turn to?

You could be zipping along on Highway 53 or I-90 to go visit some family or friends for a weekend get together. And then some idiot just has to forget the “Don’t veer for deer!” rule and swerve into your lane to avoid having Bambi as an extra passenger. Unfortunately, the laws of physics dictate that two objects can’t occupy the same space at the same time without bad things happening, and your car happened to be there.

Luckily, it was a side swipe and not too bad of an impact. Everyone is shaken up, but okay- even the stupid deer bounded away unharmed. Your car, however, has front tires that are pointing in different directions and the driver’s door and front end are fairly trashed. A big, burly guy that looks like a poster child for Wisconsin brats, cheese, and beer shows up to haul your car away while the Highway Patrol officer fills out a report.

As you stand on the side of the highway, staring at the patrolman’s goofy looking hat, you realize that you won’t have a vehicle for at least a few days. And the other guy’s insurance is probably not cutting you a check today or tomorrow. You need a vehicle and you may need money to cover the repairs until the insurance company settles up with you. You have enough on hand to rent a car today, but what if you have to rent one for weeks? With the blemishes on your credit, how will you get a loan to cover you until this is sorted out?

When you have bad credit, or sometimes even fair credit, it can be hard to find the help you need when your finances get knocked off the road. Sometimes it’s hard to find a lender that will issue loans for people with bad credit. You could spend days going from bank to bank, and lender to lender, filling out form after form with the same information over and over again, and you probably don’t have that kind of time to waste.

We Give Loans makes it easy to find the right installment loan for bad credit source for your individual needs. With one short, secure form, we can pair you with one or more of the more than 10,476 loan sources in our network that deal with bad credit personal loans. Since 2006, we have helped over two million people find the right financial solution for their situations.

With so many loan sources offering personal loans for people with bad credit, you can typically find a loan for $500 to $3,000 with repayment terms from 3 to 36 months. Most lenders can even approve a loan and issue funds within 24 business hours, getting you back on all four wheels fast! Let We Give Loans come to your rescue. Complete our form today!

With a rental car and your finances under control, you can get back to your road trip. You have a fun weekend ahead, so go enjoy it!