Fair to Bad Credit Loans in WY

Summary of Wyoming Usury Law(s) / Quote: "Legal: 7% / Contract: As per Wyoming UCC / Judgment: Contract rate or 10% / Corporate: Rate not specific"

(WeFindLenders.com endeavors to include the most up to date legal data for Wyoming, but no guarantee or warranty of any kind is expressed or implied as to the accuracy of said data. This data is not intended to be legal advice. For legal help speak with a lawyer in Wyoming, and/or contact the Wyoming State government's division of banking and finance - legal statutes researched by FindLaw.com & American Lawyers Quarterly - see credits)

Wyoming Usury Law Information:

Legal Maximum Interest Rates: Quote: "Legal interest rate of 7% (40-14-106(e))"

Usury Penalties: See title 40 of Wyoming Uniform Consumer Credit Codes for latest updates

Judgment Interest Rates: Quote: "10% unless otherwise agreed (1-16-102(a)); no interest on late child support or maintenance payments (1-6-102(c))"

Legal Exceptions: Quote: "Extensions of credit to government or government agencies; credit sales, loans or leases for agricultural purposes (40-14-121)"

Wyoming Lenders By City

Cheyenne WY / Casper WY / Gillette WY / Laramie WY / Rock Springs WY / Sheridan WY / Green River WY / Evanston WY

Complaints to:

Wyoming Division of Banking / Wyoming Complaint Process

Physical Address: Wyoming Division of Banking / Herschler Building, 3rd Floor West, 122 West 25th Street, Cheyenne, WY 82002 / Phone: 307.777.7797 Fax: 307.777.3555 / Email: wyomingbankingdivision@wyo.gov

Wyoming Lender Service Areas Map

Click or tap map image above for interactive version.
Lenders contact us for listing removal or amendment.

Blue Federal Credit Union
114 E 7th Ave Cheyenne
WY 82001 - www.bluefcu.com
800.368.9328

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First Cheyenne Federal Credit Union
3485 Converse Ave, Cheyenne
WY 82001 - firstcheyenne.com
307.632.8111

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First Education FCU
120 W Carlson St, Cheyenne
WY 82009 - 307.432.7400
www.firstedfcu.com

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Wyo Central Federal Credit Union
190 S David St, Casper
WY 82601 - www.wyocentral.org
307.234.5401

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WYHY Federal Credit Union
1521 Centennial Hills Blvd, Casper
WY 82609 - www.wyhy.org
307.234.2373

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Greater Wyoming FCU
155 W Collins Dr, Casper
WY 82601 - 307.234.5662
www.greaterwyomingfcu.com

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Campco Federal Credit Union
1110 E Boxelder Rd, Gillette
WY 82716 - www.campcofcu.com
307.682.6105

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High Mark Federal Credit Union
Silverado Shopping Center, 1103 E
Boxelder Rd #3Jb, Gillette
WY 82718 - 307.696.6032

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Sweetwater Federal Credit Union
2611 Foothill Blvd, Rock Springs
WY 82901 - 307.382.2227
www.sweetwaterfcu.coop

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Meridian Trust Federal Credit Union
601 College Drive Rock Springs
WY 82901 - 307.635.7878
www.meridiantrustfcu.org

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Trona Valley Federal Credit Union
200 7th Street, Mountain View
WY 82939 - tronavalley.com
307.782.7100

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High Peaks Federal Credit
Sheridan, MT 59749 - 406.842.5372
www.highpeaksfcu.com

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Bad Credit Loan Form for Wyoming

Fast Loan Pre-App Method
Accessing Bad Credit Lender Pool (?)
Learn about GAP (Gift Angel Program)

AMOUNT

PURPOSE

TERM

 

Bad Credit Loan Example In Wyoming

Rodger got out of the military over eight months ago and found it difficult to find a good paying job. He worked at a number of part time jobs, just to make some money and try to pay the bills.

His wife works full time which was a blessing and the entire family including the kids have all cut back on their expenses to try and reduce their expenses.

They made a number of mistakes with payments on credit cards and utilities. The result was that his credit report received a number of reports about late payments and missed payments. These reports contributed to a decline in his credit score.

Between credit card debt, car loan and personal family loans, Rodger needs a $30k loan to consolidate all of his debt. He would like an eight year term and an interest rate that keeps his payment as low as possible.

Rodger is aware that it may be difficult to obtain a loan given his bad credit score. He wants to remind the lenders that he is a veteran who served his country.

He worked all kinds of jobs to stay afloat and he now has a job that pays just as well as his military job did when he was enlisted. A huge benefit of this new job is that he also receives health benefits with a low deductible which is a huge issue for him and his family.

He needs a $30k loan with an eight year term to consolidate all of his debt into one easy payment per month.

A $30000 loan with an eight year term and 3.79% interest rate for Rodger would cost him the following per month:

• Loan Amount (principal) = $30000
• Interest Rate = 3.79%
• Term Length =8 year
• Monthly Payment = $362.75
• Total Paid Back = $34824.46
• Total Interest = $4824.46

Rodger left the military earlier than he planned and it took him awhile to find another job. He admits that he made some mistakes financially and now is paying the price with a bad credit rating.

He has caught up on all of his payments and is now current on all utilities and loans. This includes what he owes to other family members. He wants to consolidate everything into one loan and fully repay his relatives as well.

He has provided documentation showing his military career and documentation showing his salary and benefits for his new job. While he has only been at this job for two weeks, this is a huge change for him and his family.

They will be able to afford things again and recover from the financial nightmare that overtook them when he left the military.

While he has a bad credit rating, there are programs to help military veterans with loans.

Combined with his record of catching up on all payments, it is quite likely that Rodger will find a lender willing to provide him with the funds he needs.

This is a large personal loan for Rodger to take on. Both he and his wife will be asked to be registered on this loan making them both liable to repay the loan.

If you live in the State of Wyoming and you're struggling to get a loan approval with a bad credit rating we hope our website helps you in some way.

Sincerely,

Chris Somerset

Chris Somerset is the daughter of Lance Somerset who founded the We Find Lenders Pool. She contributes to WeFindLenders.com whenever she's not having fun with her three children and her husband Ron.