- Payday loans in Torrington follow Wyoming law (Wyoming Uniform Consumer Credit Code, W.S. 40-14-363).
- Borrowing $300 at the state maximum costs Up to $60 a month (20%).
- The nearest larger city is Cheyenne, about 72 miles away.
Torrington at a glance
| Torrington | |
|---|---|
| Population (2024 Census estimate) | 6,211 |
| Change since 2020 | +1.3% (growing) |
| County | Goshen County |
| Size rank among 72 Wyoming places we cover | 16th |
| Share of Wyoming’s population | 1.1% |
| Nearest larger city | Cheyenne (about 72 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Other towns within 25 miles | 1 (about 398 residents) |
| Typical payday APR statewide (CRL 2023) | 316% |
There is no separate Torrington payday law: Wyoming rules apply here, and any lender serving Torrington residents, online or in person, needs a license from the Wyoming Division of Banking.
Credit unions near Torrington
NCUA data (June 2026) shows no credit union headquartered in Torrington or Goshen County. Many credit unions have branches in other towns or accept members online. Use the NCUA’s Credit Union Locator to find one near you.
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
Payday loan rules that apply in Torrington
In short, Wyoming rules that cover Torrington include: maximum fee: $30 or 20% of the principal per month, whichever is greater; extended payment plan: available under W.S. 40-14-366. See the full Wyoming payday loan rules.
What a $300 loan costs in Torrington
The Center for Responsible Lending put the typical APR on a $400 payday loan in Wyoming at 316% (June 2023). For $300 at the state maximum, expect Up to $60 a month (20%). Check any offer with our payday loan calculator.
Other help in Goshen County before you borrow
Before a payday loan, Torrington residents can usually find something cheaper:
- Local assistance through 211 covering Goshen County.
- A credit union payday alternative loan (max 28% APR). See PALs explained.
- Your bank’s small-dollar loan, if offered (compare banks).
- A cash advance app for $20–$500 (apps compared).
Towns near Torrington
The nearest larger city is Cheyenne, about 72 miles away. See all 72 Wyoming cities.
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Torrington?
Yes. Payday loans are legal in Torrington under Wyoming state law, and lenders must be licensed by the Wyoming Division of Banking.
How much does a payday loan cost in Torrington?
At Wyoming’s maximum fee, borrowing $300 costs Up to $60 a month (20%). The typical statewide APR was 316% in 2023.
Where is the nearest credit union to Torrington?
NCUA data shows no credit union headquartered in Torrington or its county. Use the NCUA credit union locator to find branches and online credit unions.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- W.S. 40-14-363
- W.S. 40-14-366 — Extended payment plan
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary