Milwaukee Payday Loan Alternatives

Explore other options from CashNetUSA.

Installment loansup to $1,000*

Line of credit limitsup to $2,000*

Head to our Rates & Terms page to learn more.

Line of credit only available to select customers.

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Payday Loan Alternatives in Milwaukee, WI

Because payday loan companies usually charge high interest rates and fees, payday loans are not always the best solution when you need emergency funds. There are other loan options that may provide the financial solution you’re looking for, while also offering some flexibility. In Wisconsin, CashNetUSA offers two products — lines of credit and installment loans.

A line of credit is another type of funding that can help cover immediate financial needs. With a line of credit, you have access to a set amount of funds that you can draw from at any time. Instead of repaying your balance all at once — which is required with a payday loan — you have the option to make minimum payments over time.

Installment loans can also help cover immediate or emergency expenses. Funds are provided upfront, and you repay the loan in scheduled installments over a period of time. A CashNetUSA installment loan may be repaid early at any time without a penalty.

Milwaukee Payday Loan vs. CashNetUSA Loan Products

Milwaukee
payday loan1
Funding amount
Lesser of $1,500 or 35% of gross monthly income
APR
Average of 338%
Repayment
Pay in full within 90 days or less
Additional funding
Reapply to borrow more
CashNetUSA’s line of credit2
Funding amount
Up to $2,000*
APR
299% (plus a transaction fee of 15% of the amount of each draw)3
Repayment
Revolving credit with billing periods that may be bi-weekly, semi-monthly or monthly depending on borrower’s pay schedule
Additional funding
Draw from available credit without reapplying
CashNetUSA’s installment loan2
Funding amount
Up to $1,000*
APR
312% – 449%
Repayment
Paid in installments bi-weekly or monthly over a series of months
Additional funding
Reapply to borrow more

1Based on information from Pew Charitable Trusts. Actual terms may vary based on applicant's qualifications.

2Based on terms available to new customers. Actual terms may vary based on applicant's qualifications. For full product details, see Rates & Terms.

3Visit our Wisconsin Rates & Terms Page for additional disclosures and terms.

Do you need a good credit score for an online loan?

A high credit score can suggest a history of making payments on time, which can make you a more attractive candidate to lenders. However, some lenders offer loan products to those with lower credit scores.

At CashNetUSA, we don’t just look at your regular credit score. Instead, we use different ways to check your financial background, which means having some credit issues might not stop you from getting our online installment loan. If other lenders have said no to you because of your credit, we might still be able to help.

Learn more about payday loan alternatives in Milwaukee, WI.

Payday loans, sometimes referred to as cash advances or cash loans, are short-term loans that offer borrowers fast cash before their next paycheck. That speed often comes at a cost — a high APR (annual percentage rate).

Along with their high interest rates, payday loans’ short repayment periods can be challenging to meet. If the loan is not repaid in full by the due date, additional fees and interest may accrue. Borrowers often extend or roll over their loan to cover the growing costs. This can lead to a situation where borrowers find themselves repeatedly borrowing and struggling to pay off their debt.

In Milwaukee, and in the rest of Wisconsin, there are rules about payday loans. There are also federal laws in place to protect consumers, but in Milwaukee, there is no limit to how much interest a payday lender can charge before the maturity date (the principal loan amount’s due date).

CashNetUSA does not offer payday loans. Instead, we offer installment loans and lines of credit in Wisconsin.

There are resources in Milwaukee that provide financial education and career guidance to help residents maximize their income.

Social Development Commission (SDC) - Main Office
1730 W. North Avenue
Milwaukee, WI 53205

UMOS - Corporate Headquarters
2701 S. Chase Avenue
Suite B
Milwaukee, WI 53207

Ross Innovative Employment Solutions
7800 W. Brown Deer Road
Suite 200
Milwaukee, WI 53223

Maximus Inc
4201 N. 27th Street
Suite #400
Milwaukee, WI 53216

America Works of Wisconsin, Inc
310 W. Wisconsin Avenue
3rd Floor
Milwaukee, WI 53203

Disclaimer - The named parties are not affiliates or agents of CashNetUSA. We make no representations, warranties or guarantees about the information or services provided by the named parties.