Payday Loans in Encampment, WY: Rates, Rules & Calculator

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Payday lending Legal with a post-dated check casher… Wyoming Legislature (Wyoming Statutes)

Rate cap 36% per year on unpaid principal balances up… Wyoming Legislature (Wyoming Statutes)

Licensing Consumer Lender, Sales Finance Company… Wyoming Division of Banking

Regulator Wyoming Division of Banking Wyoming Division of Banking

By the Paydayloaning Editorial Team · Last updated 2026-09-16

Payday lending in Wyoming

Legal with a post-dated check casher license

Full Wyoming lending rules

The local picture

Payday loan rules that apply in Encampment

Every figure below is published by the state or the regulator that sets it, with a link to the primary source. These rules apply to any lender serving Encampment — Wyoming's fee cap is not adjusted city by city.

Rule	Detail	Source
Maximum legal interest rate (usury cap)	36% per year on unpaid principal balances up to $1,000; 21% above $1,000 (Wyo. Stat. § 40-14-310(g)) Source quote Source says: shall not exceed the equivalent of thirty-six percent (36%) per year on that part of the unpaid balances of the principal	Wyoming Legislature (Wyoming Statutes) as of 2026-09-16
Payday lending status	Legal with a post-dated check casher license; finance charge capped at the greater of $30 or 20% per month; max term 1 month (Wyo. Stat. § 40-14-363) Source quote Source says: No post-dated check finance charge shall exceed the greater of thirty dollars ($30.00) or twenty percent (20%) per month on the principal balance	Wyoming Legislature (Wyoming Statutes) as of 2026-09-16
Small-loan / installment lender licensing	Consumer Lender, Sales Finance Company, Post-Dated Check Casher, and Pawnbroker licenses via NMLS; licensing mandatory per location including online Source quote Source says: Licensing is mandatory for every location where business is regularly conducted	Wyoming Division of Banking as of 2026-09-16
State lending regulator	Wyoming Division of Banking Source quote Source says: The Division is responsible for the chartering and regulation of Wyoming state banks, trust companies, mortgage companies, as well as non-bank financial companies.	Wyoming Division of Banking as of 2026-09-16

What a payday loan costs in Encampment

Before you sign in Encampment, work out what you will owe on the due date — the amount borrowed plus the fee — and compare it with the cash you expect to have that day. If the two do not line up, the loan is being repaid by the next one. Model it first with our loan payment calculator and see what the same amount would cost as a fixed-payment installment loan.

Cheaper alternatives in Encampment

Ranked by what they usually cost: a payment plan with the creditor (often 0%), a credit-union payday alternative loan, a small personal installment loan, and a cash-advance app — which is often a payday loan in different clothing and carries a similar APR. See the full comparison of alternatives to payday loans before you borrow in Encampment.

About Encampment

Population: 450 (US Census Bureau, Vintage 2023 subcounty estimate).
Size in Wyoming: the 56th-largest of 99 Census places in the state.
Population trend: Its population fell about 0.4% between the 2020 Census base and the 2023 estimate.
Nearest larger cities: Saratoga, WY (17 mi); Walden, CO (42 mi); Rawlins, WY (46 mi). Bigger markets often have more lenders, but a lender licensed in Wyoming serves Encampment under the same state rules.

Before you borrow in Encampment

Confirm payday lending is permitted in Wyoming and check the maximum fee in the table above.
Compare the APR, not the dollar fee — that is the only way to compare a two-week loan with a two-year one.
Run the numbers with our loan payment calculator to price the same amount as an installment loan.
Verify the lender is licensed in Wyoming with the regulator listed above.
Never give a lender remote access to your bank account beyond the amount you actually owe, and ask for any repayment plan in writing.

Frequently asked questions

Can I get a payday loan in Encampment?

Only if payday lending is permitted in Wyoming. Payday lending is regulated state by state, so whether a licensed lender may offer one in Encampment depends on Wyoming law rather than on any local ordinance. See the sourced figure on our Wyoming lending reference page.

How much can I borrow with a payday loan in Encampment?

State law sets the maximum advance, and many states cap payday loans at a few hundred dollars. The sourced limit for Wyoming is listed with its publisher on our state reference page, so you can see the current figure rather than an estimate.

How much does a payday loan cost in Encampment?

Lenders charge a fee per $100 borrowed rather than a monthly interest rate, and Wyoming law sets the maximum fee. Because the term is only a couple of weeks, that fee produces a very high APR. Our state reference page lists the sourced fee cap, and our APR calculator shows the math.

Will a payday loan in Encampment hurt my credit?

Many payday lenders do not report on-time payments to the major credit bureaus, so a payday loan usually will not build your credit. An unpaid balance that is sent to collections can still be reported and damage your score, which is why the repayment plan matters more than the application.

Nearby places

All Wyoming cities

Nearest Census places by distance.

Payday loans in Encampment, WY