By State
Payday Loans in Wyoming
Payday Loan Laws in Wyoming (2026)
Yes — payday loans are legal in Wyoming, and the state sets no cap on interest or APR, so they are often very expensive. A lender may charge the greater of $30 or 20% per month on the balance. The term is capped at one month, rollovers are banned, and once a year you can request a free extended payment plan. The Division of Banking oversees lenders.
| Status | Legal — permissive, no rate cap |
|---|---|
| Interest / APR cap | None — fees translate to triple-digit APRs |
| Maximum fee | The greater of $30 or 20% per month on the balance |
| Loan term | Up to 1 calendar month |
| Rollovers | Prohibited — no renewals or extensions |
| Repayment plan | Free extended plan once per 12 months (4 installments over up to 60 days) |
| Regulator | Wyoming Division of Banking |
| Law | Wyoming Uniform Consumer Credit Code (Wyo. Stat. 40-14-362+) |
What Wyoming borrowers should know
- Wyoming has no cap on payday-loan rates — a fee of 20% a month produces triple-digit APRs, so compare the total dollar cost.
- The maximum charge is the greater of $30 or 20% per month on the balance.
- The loan term can't exceed one month, and rollovers are banned.
- Once a year you can request a free extended payment plan — repaid in equal installments over up to 60 days.
Problem with a lender? File a complaint
Payday lenders in Wyoming are licensed by the Division of Banking. To report a violation or an illegal lender, use the online complaint form.
Alternatives to a payday loan
Because Wyoming sets no rate cap, the cost can be steep — weigh a credit-union payday-alternative loan, an employer paycheck advance, or nonprofit credit counseling first. See our guide to payday loans and alternatives.
Your debt rights in Wyoming
A lender can garnish wages in Wyoming only after it sues and wins a court judgment, and federal law then caps how much can be taken. Wyoming does not run a statewide payday-loan database, so limits on how many loans you can hold are harder to track from lender to lender. Your rights when you cannot repay are set by a mix of federal and state law — these guides explain how they work:
- Can a payday lender sue you?
- Can payday loans garnish your wages?
- Do payday loans affect your credit?
- Payday loan statute of limitations
- How many payday loans can you have?
- How to get out of payday loan debt
Disclaimer: general information, not legal or financial advice. Laws change — verify the current rules with the Wyoming Division of Banking before borrowing. Last reviewed 2026.
Sources
Frequently asked
Are payday loans legal in Wyoming?
Yes. They are legal under the Wyoming Uniform Consumer Credit Code, overseen by the Division of Banking. Wyoming sets no cap on the interest rate.
What is the most a Wyoming payday lender can charge?
The greater of $30 or 20% per month on the balance — which works out to triple-digit APRs.
How long can a payday loan last in Wyoming?
Up to one calendar month, and rollovers or extensions are not allowed.
Can I get a repayment plan for a payday loan in Wyoming?
Yes. Once per 12 months you can request a free extended payment plan, repaid in equal installments over up to 60 days.