Predatory Loan Legal Options

Summary

In Wisconsin, payday loans can have an APR up to 574%. You can cancel the loan within one business day, repay in installments, and must be informed about the total cost. If misled, consult a lawyer.

Full Conversation

I took a loan that I thought was around *% Apr. turns out it’s around *% Apr. is there any way to get out of it?
Hello Tristin. To provide the most accurate information, could you please tell me in which country and state this loan was taken out?
Wisconsin, US
Hello Tristin. In Wisconsin, payday loans are subject to a max APR of *%. However, you have the right to:
- Cancel the loan by returning the money within one business day.
- Repay the loan in installments.
- Information about the total cost of the loan.
If you feel misled, consider consulting a legal professional.
A who?
By "legal professional," I mean a lawyer or attorney. They can help you understand your rights and options regarding your loan. Would you like assistance in finding a local attorney?
Yes
Great, Tristin. Could you provide your city so that we could help you find a local attorney?