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Find the Best Payday and Title Loans in Madison, WI

If you need cash fast and have less-than-perfect credit, a payday loan or title loan might be the answer. Madison.com has partnered with ConsumerAffairs to create this guide by comparing customer reviews, services and local availability of more than 25 businesses and choosing seven favorites from the top payday and title loan companies in Madison.

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Compare Madison Payday and Title Loan Companies

Payday lending is illegal and unavailable to consumers in some states. Payday loans usually have very high interest rates and carry risk. As with any loan, consumers should have a clear understanding of the fees, terms and conditions of any payday loan before borrowing.

How to choose a payday loan in Madison

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Payday loans are expensive but easy to qualify for as long as you have proof of income. You don’t need good credit. If you've decided you want to apply for a payday loan, make sure you work with a lender licensed by the Wisconsin Department of Financial Institutions.

The payday loan company you choose should make it easy for you to apply — either online or in a store, using your ID and proof of income. It should issue a fast lending decision and make funds available on the same day or within one business day.

With a payday loan in Madison, you can borrow up to $1,500 or 35% of your gross monthly income — whichever is less. Be careful to only borrow as much as you can afford to repay, and make sure to read the loan agreement carefully before you sign.

Payday loan costs in Madison

The average annual percentage rate (APR) on a payday loan in Wisconsin in 2019 was 528%, according to the Wisconsin DFI. On a 14-day payday loan where you borrow $350 with this APR, you would owe $420.93. If you borrow $500 at this APR, after 14 days you owe back $601.26.

There is no limit on payday loan interest rates in Wisconsin. If you fail to repay a payday loan, a lender must give you the opportunity to repay the loan in four equal installments, with due dates aligning with your pay schedule. The interest rate then is limited to 2.75% per month.

Payday lenders in Wisconsin can charge a $15 late fee if your check isn’t honored or an electronic transfer of funds from your bank account is denied. If you pay off your payday loan early, you are entitled to a partial refund of the finance charge. Payday loans can last up to 90 days in Wisconsin.

Title loans in Madison

Title loans, unlike payday loans, are secured loans that use the borrower’s vehicle as collateral. To qualify, you need a vehicle, a lien-free title in your name and proof of income. You don’t need good credit.

A title loan helps you borrow more money than a payday loan, but if you default, you risk possession of your car.

Like payday lenders, title lenders in Madison must be licensed in Wisconsin. Title loans are limited to $25,000 or less and can last up to six months.

Title lenders may not make loans that exceed 50% of the retail value of the vehicle being used as security. There is no maximum interest rate on a title loan in Wisconsin.

Madison payday and title loans FAQ

Do payday loans hurt your credit?

No, payday loans don’t hurt your credit as long as you pay them back on time. Most payday loan companies don’t report information to credit bureaus. A payday loan could hurt your credit if the company sells your debt to a collector that reports your debt to a credit reporting agency, or if you are sued over an unpaid payday loan and lose a court case.

Can you go to jail for not paying back a payday loan?

No, you can’t go to jail for not paying back a payday loan. The only way you can be arrested after defaulting on a payday loan is if you fail to obey a related court order.

Can you get denied a payday loan?

Yes, you can be denied a payday loan if you don’t meet minimum requirements, like having a verifiable income. You will also be denied if you apply for a payday to pay off another payday loan more than once.

How much can I borrow with a payday loan?

In Wisconsin, the maximum payday loan amount is $1,500.

Can you have two payday loans?

Yes, but the total amount you owe to payday lenders at any given time can’t exceed the lesser of $1,500 or 35% of your gross monthly income.

Can you get payday loans online?

Yes, some companies offer online payday loans in Wisconsin.

Can I do a title loan online?

To get a title loan, you usually need to get an in-person appraisal of your vehicle, which determines how much you can borrow. You may be able to start your title loan application online before taking your vehicle in for an appraisal.

How fast can you get a title loan?

Some title lending companies can get you same-day cash once you are approved.

What happens if I can’t pay my title loan?

If you don’t pay back your title loan by the maturity date, the lender can charge interest at no more than 2.75% per month. Before a lender can take your car, it must send notice at least 20 days in advance. If the lender takes possession of your vehicle, it is allowed to charge a storage fee. If the lender sells the vehicle, it must return to you any funds that exceed what you owe the lender.

Madison payday and title loan company information

Speedy Cash

SpeedyCash offers online installment loans up to $500. Madison residents get quick lending decisions and can get cash instantly deposited to a debit card. Loan specialists are available seven days a week to answer questions by phone or email.

Speedy Cash


CashNetUSA is an online lender that has helped over 3 million customers in over 10 years in business. Madison customers can apply for installment loans up to $600 and get an instant decision. Same-day funding is available for borrowers approved before 10:30 a.m. CashNetUSA’s in-house customer service team is available to answer questions seven days a week.

CashNetUSA Learn More

Silver Cloud Financial

Silver Cloud Financial has funded over 150,000 short-term loans with no hidden fees and no prepayment penalties. Madison customers can apply online, get a fast approval decision and have funds as soon as the next business day. Silver Cloud Financial’s loans are meant to help those with bad credit or no credit.

Silver Cloud Financial

TMG Loan Processing

TMG Loan Processing assists with auto title loans to Wisconsin residents. Madison residents can apply online or over the phone and get funds in as little as one business day — even those with bad credit. There are no fees or penalties for early repayment.

TMG Loan Processing

Check `n Go

Check ‘n Go offers in-store and online installment loans that allow Madison customers to repay over time. Loan amounts range from $500 to $5,000. To qualify, you need a valid photo ID, proof of income and a working phone number. Check ‘n Go has two Madison locations, including one at 2103 Zeier Road, Madison, WI 53704.

Check `n Go

Advance America

Advance America is a national lender that offers payday and title loans in Madison. Customers can apply in store for a payday loan up to $600 or a title loan up to $10,000. Advance America has locations in Madison and Middleton; the Madison location is at 2616 E. Washington Ave., Madison, WI 53704.

Advance America


LoanMax offers title loans to vehicle owners in Madison and surrounding areas. Applicants need a vehicle, clear vehicle title and photo ID. Loans of up to $10,000 are available. LoanMax is located at 3066 E. Washington Ave., Madison, WI 53704.