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Wyoming Payday Loans
Updated November 2026 · By Payday Loans Reviews Editorial Team · Not a lender
Payday loans are legal in Wyoming through licensed lenders. The state allows you to borrow up to $500, and the lender can charge a fee of 20% of the amount you receive.
That fee is capped at $100 total. You'll have up to 31 days to repay the loan, and rollovers -- taking out a new loan to cover an old one -- are prohibited under Wyoming law.
Wyoming short-term loan laws
- Max loan amount
- $500
- Min loan term
- N/A
- Max loan term
- 31 days
- Finance charge cap
- 20% of advanced amount
- Max absolute fee
- $100
- Typical APR
- ~521%
- Rollovers (extensions)
- Prohibited
- Simultaneous loans
- N/A
- Right to rescind
- Next business day
- Governing law
- Wyoming Small Loan Act
- Regulator
- WY Div. of Banking
Wyoming in context
- Population rank
- 50th
- of 50 states
- Median household income rank
- 29th
- of 50 states
- Households earning under $25,000
- 14.8%
- ≈ same vs US
- Median home value
- $325,536
- ▼ 16% vs US
- Home value to income
- 4.2×
- A $400 emergency expense
- 1.9 days
- of median household income
Payday lending in Wyoming cities
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Getting short-term cash in Wyoming
When money problems hit without notice, our service puts you in contact with Wyoming-licensed lenders through a safe platform.
Fill out the quick online form, get a rapid decision and, if a lender says yes, funds may reach your account as soon as the next business day.
Why borrowers in Wyoming use us
- Quick online application A short form that takes roughly 5 minutes to finish, available day or night from any location.
- Fast decision Lenders authorized to lend in Wyoming assess your request as soon as it comes in.
- All credit types considered A flawed credit record does not guarantee rejection.
- Transparent terms Under the Wyoming Small Loan Act, fees and loan contracts must meet required standards.
Wyoming disclosure: Payday loans and short-term cash advances are designed for short-lived money needs and are not meant to serve as ongoing financial fixes. Wyoming law (Wyoming Small Loan Act) fixes the rates, terms and top loan amounts. Borrow only what you can repay and read every term before you sign.
What a payday loan costs in Wyoming
- Fee on a $500 loan
- $100
- Share of a two-week household paycheck
- 3.4%
- Hours of work at the local median wage
- 5.2 hours
- Rollovers
- Not allowed in Wyoming
Example based on the Wyoming maximum fee for the maximum loan and local median incomes: two-week paycheck = household income ÷ 26, hourly wage = individual income ÷ 2,080. Actual terms vary by lender.
What to check before you sign
The Truth in Lending Act requires lenders to show you the APR and the total finance charge in dollars before you sign. On a $500 loan for 14 days, the fee would be $100, so you'd owe $600 total. That's an APR of about 521%. Make sure those exact numbers match what you were told verbally. Check the repayment date, too. Wyoming gives you up to 31 days, but many loans are due much sooner. Ask yourself if your next paycheck will truly cover the full amount plus your regular bills. If not, you can't roll the loan over legally. The lender must let you repay in full without another loan.
Look for alternatives before you commit. Wyoming has 11 payday storefronts, mostly in Cheyenne and Casper, but you may have other options. Federal credit unions offer Payday Alternative Loans from $200 to $2,000 with APRs capped at 28% and terms up to 12 months. Active-duty service members and their dependents are protected by the Military Lending Act, which caps all costs at a 36% MAPR. If you're in either group, ask about those programs first.
If you decide to borrow, keep your agreement and payment confirmation. Then mark your calendar for the due date so you're not caught off guard.
$500 payday loan vs options in Wyoming
| Option | Term | Cost | Details |
|---|---|---|---|
| Payday loan | 2 weeks | $100 fee | 520% APR |
| Credit card cash advance | 30 days | $37.33 (typical) | 5% fee + 30% APR |
| Credit union PAL | 6 months | $62 total | $90.27/mo at 28% APR, $20 fee |
| Installment loan at state max | 6 months | $54 total | $92.30/mo at 36% APR |
Calculated from state rules in our database; card terms are typical, not a quote.
Wyoming at a glance
| Metric | Wyoming | United States |
|---|---|---|
| Population | 579,596 | 332.3M |
| Median household income | $76,892 | $85,275 |
| Median rent | $994/mo | $1,432/mo |
| Income spent on rent | 29.0% | 31.6% |
| Homeownership | 72.1% | 65.4% |
| Poverty rate | 10.8% | 12.6% |
| Unemployment rate | 3.7% | 5.3% |
| Without health insurance | 11.6% | 8.6% |
| Veterans | 9.3% | 6.5% |
- Max fee on a $500 loan vs. median monthly household income
- $100 = 1.6%
Source: U.S. Census Bureau, American Community Survey, by ZIP code. City and state figures are population-weighted averages of ZIP code data and are approximate.
Payday loan cost calculator for Wyoming
Move the sliders to see what a payday loan would cost under Wyoming rules and how it compares with local incomes.
Wyoming maximum: $500
Wyoming maximum: $20
Rollovers are not allowed in Wyoming.
- Fee
- $100
- Total to repay
- $600
- APR
- 521%
- Share of a two-week household paycheck in Wyoming
- 3.4%
Estimate only. APR = fee ÷ amount × 365 ÷ term. Lenders may charge less than the state maximum; actual terms vary.
Wyoming payday loan answers
What is the borrowing range in Wyoming?
Those eligible in Wyoming ordinarily qualify for loans from $100 up to $500. The precise approved amount rests on your monthly income, how well you can repay and the limits set by Wyoming rules.
What conditions must be in place for me to apply?
A loan request in Wyoming is possible only if you meet these standards:
- Reach 18 years of age, the legal threshold of majority
- A current government-issued photo ID showing Wyoming address
- An active checking account held in your name
- Documented proof of a consistent, verifiable income source
Can I qualify with bad credit or a past bankruptcy?
It is not impossible. Several lenders we connect you with weigh your present earnings and repayment capacity more heavily than prior credit blemishes. Guarantees do not exist.
When can I expect to see the cash in my bank?
Once your application is approved and you e-sign your loan agreement, funds are often transferred to your checking account the same day or the next business day, though transfer time varies by lender and bank.
When is repayment due and how do I make it?
You have up to 31 days to repay under state regulations. On the due date, typically your next payday, the full loan amount plus fees is taken automatically from your checking account.