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Installment loans in Wyoming

Installment loans for bad credit in Wyoming

Installment loans are allowed in Wyoming from state-licensed lenders (Consumer Lender license). Here are the limits Wyoming law sets, what a typical loan can cost, and where to get free help if you need it.

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Part of the Wyoming guide

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How installment loans work

An installment loan is repaid in equal payments over months, not in one payment on your next payday; the examples below stay within Wyoming limits.

What installment loans can cost

These examples show how cost adds up. They are illustrative, not a quote. Your lender sets the actual rate and terms.

Representative example

Amount borrowed
$1,000
Annual percentage rate (APR)
29.99%
Repayment
12 monthly payments
Payment
$97.48
Finance charge
$169.76
Total of payments
$1,169.76

Example: a $1,000 installment loan at 29.99% APR repaid in 12 monthly payments of $97.48 costs $1,169.76 in total, including a finance charge of $169.76. Illustration only; your lender will disclose your actual APR, payment schedule and total cost before you accept a loan.

Representative example

Amount borrowed
$3,000
Annual percentage rate (APR)
26%
Repayment
12 monthly payments
Payment
$286.59
Finance charge
$439.08
Total of payments
$3,439.08

Example: a $3,000 installment loan at 26% APR repaid in 12 monthly payments of $286.59 costs $3,439.08 in total, including a finance charge of $439.08. Illustration only; your lender will disclose your actual APR, payment schedule and total cost before you accept a loan.

Representative example

Amount borrowed
$500
Annual percentage rate (APR)
29.99%
Repayment
12 monthly payments
Payment
$48.74
Finance charge
$84.88
Total of payments
$584.88

Example: a $500 installment loan at 29.99% APR repaid in 12 monthly payments of $48.74 costs $584.88 in total, including a finance charge of $84.88. Illustration only; your lender will disclose your actual APR, payment schedule and total cost before you accept a loan.

What Wyoming law allows

Installment loans in Wyoming
ProductStatusAPR capAmountTermLicenseLaw
Installment and personal loans[1][2][3][4][5] Allowed 36% APR (top tier) Up to $50,000 Not set by statute Consumer Lender license Wyo. Stat. sec. 40-14-302, 40-14-304, 40-14-310, 40-14-348
Verified against the statute and regulator on September 23, 2026. Laws change; confirm with the regulator before you borrow.

Bars place each APR cap on a 0 to 400% scale; the pin marks the cap. A striped bar means the statute sets no numeric cap.

The rules in full

Installment and personal loans

Rate cap
Wyoming Uniform Consumer Credit Code (UCCC). Non-supervised consumer loans (W.S. sec. 40-14-310, referenced): loan finance charge, actuarial method, may not exceed 10 percent per year on unpaid principal. Any loan carrying a rate above 10 percent per year is a 'supervised loan' requiring a Consumer Lender license, and its rate is instead governed by W.S. sec. 40-14-348: for initial principal up to 50,000 dollars, the greater of (a) a tiered rate of 36 percent per year on the unpaid balance up to 1,000 dollars and 21 percent per year on the unpaid balance over 1,000 dollars, or (b) an alternative minimum-charge formula in the statute.
Fees
Tiered rate structure described above.
License
Consumer Lender license under W.S. sec. 40-14-302/40-14-304, issued by the Wyoming Division of Banking (Department of Audit).

Full detail for every loan type: Wyoming lending laws.

Rent and jobs in Wyoming

Typical rent and the jobless rate, to weigh before a loan payment.

Rent and unemployment in Wyoming
MeasureValueYear
Fair market rent, 2 bedroom (monthly)[6]$1,079FY2026
Unemployment rate[7]3.0%2026-08

Other options in Wyoming

Cheaper options to try first

Worth checking whatever your credit: these can cost less than a high-rate loan.

  • Credit union payday alternative loans (PALs), capped at 28% APR under NCUA rules (12 CFR 701.21).
  • Nonprofit credit counseling through the National Foundation for Credit Counseling.
  • A payment plan from the company you owe, if you ask before you miss a payment.
  • 211 for help with rent, utilities and food: call 211 or visit 211.org.

More cheaper options in Wyoming.

Other loan types allowed in Wyoming

See every loan type Wyoming law allows.

Installment loans in nearby states

  • ColoradoAllowed Limit depends on loan size
  • MontanaAllowed 36% APR
  • UtahAllowedNo rate limit in state law No rate limit
  • IdahoAllowedNo rate limit in state law No rate limit
  • South DakotaAllowed 36% APR

Sources

  1. Justia. law.justia.com/codes/wyoming/2018/title-40/chapter-14/article-3/section-40-14-310. Retrieved September 23, 2026.
  2. Justia. law.justia.com/codes/wyoming/2011/title40/chapter14/section40-14-348. Retrieved September 23, 2026.
  3. wyomingbankingdivision.wyo.gov. Wyoming Division of Banking. Retrieved September 23, 2026.
  4. wyomingbankingdivision.wyo.gov/how-to-file-a-complaint. Retrieved September 23, 2026.
  5. Justia. Wyo. Stat. sec. 40-14-302, 40-14-304, 40-14-310, 40-14-348. Retrieved September 23, 2026.
  6. National Low Income Housing Coalition. Out of Reach 2026: Wyoming. Retrieved September 23, 2026.
  7. U.S. Bureau of Labor Statistics. Local Area Unemployment Statistics (LAUS), All States, Seasonally Adjusted. Retrieved September 23, 2026.

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Important disclosures

APRs vary by lender and state in Wyoming. Each lender sets its own rates and terms and must show you the APR before you sign.

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  • Questions about a lender licensed in Wyoming? Contact the Wyoming Division of Banking or file a state complaint.
  • You can submit a complaint about any lender to the Consumer Financial Protection Bureau at consumerfinance.gov/complaint.