Payday Loans in Montana

At a Glance
  • Nickname: Big Sky Country
  • Population: 1.06 million
  • Capital: Helena
  • Website:

Montana: nicknamed “Big Sky Country” for its spacious, unobstructed skyline and unencumbered landscape, the state is home to many beautiful parks, including the absolutely stunning Glacier National Park. But Glacier’s beauty belies some of the problems facing Montanans. About 13% of the population lives in poverty and, on average, residents of the state bring in annual incomes of about $6,600 less than the national average.

The situation is made even more challenging due to a rising cost of living in some of Montana’s major cities. Wealthy outsiders from the coasts are moving into picturesque towns like Whitefish and Missoula, driving up housing costs.

Average Credit Card Debt and Median Household Income in Montana vs. the U.S.
The U.S.
Average Credit Card Debt (Q1 2019)
Median Household Income (2018)

Payday Loans in Montana

Payday loans are technically legal in Montana, but lenders in the state can only charge an annual percentage rate (APR) of up to 36%.

According to a 2016 report in the Journal of Economics and Business, Montana had no known payday lenders based on information from regulators at the time of the study (though there were an estimated 57 payday lenders in the state, based on NAICS codes).

Complaints about online payday lenders were at a high of 100 in 2014, but then plummeted down to only 7 in 2016.

Consumer Protection in Montana

How to Report a Lender in Montana

If you’ve encountered a lender you believe isn’t following the law, the State of Montana can help. Complaints about online lenders engaging in predatory lending practices can be made to the state’s Division of Banking and Financial Institutions. As always, documentation is key when making a complaint. Keep records of all your interactions with these lenders, including e-mails and notes on phone calls.

You can contact the Montana Division of Banking and Financial Institutions by writing, calling, or submitting a complaint to:

Address: PO Box 200546; Helena, MT 59620

Phone: 406-841-2920


Guides to Payday Loans in Montana Cities

Check back soon for these payday loan guides for the following cities in Montana…

Billings | Missoula | Great Falls