How to find a short-term loan in Denver, Colorado | finder.com
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Short-term loans in Denver, Colorado

Before you sign on for a short-term loan in Denver, take a look at this guide.

When you need a little extra cash and your credit isn’t perfect, you may benefit from a short-term loan. We work to clear away the mystery of short-term lending and give you the information you need to make an informed decision.

Check into Cash Payday Loan

Check into Cash Loans

Check into Cash allows you to directly apply for a payday loan and have your cash when you need it.

  • Min. Loan Amount: $50
  • Loan Term: Varies by state
  • Turnaround Time: 1–2 business days
  • Total Costs: Varies depending on the amount and your state of residency.
  • Must be 18+
  • No security needed
  • Confidential and secure

    What short-term lending laws should I be aware of in Denver?

    All short-term lending in the state is governed by Colorado Revised Statutes 5-3.1-101 et seq. This means you can’t borrow more than $500. Loan terms are long, lasting a minimum of six months. Colorado law limits the amount of interest a lender can charge, capping the annual percentage rate (APR) at 45%.

    You can learn more about short-term loans in Colorado here

    Consider these lenders for a short-term loan

    Rates last updated April 24th, 2018
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time Requirements
    Check into Cash Payday Loan
    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
    $1,000
    Varies by state
    1–2 business days
    You must be at least 21 and an American citizen and have a bank account, email address and phone number.
    LendUp Payday Loans
    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.
    $250
    7–30 days
    generally receive the money the next business day
    Be 18+ years of age and have a checking account that can accept electronic transfers.
    CashNetUSA Loan
    Apply for a short-term loan with an easy online application and dedicated customer service.
    Varies by state
    Varies by state
    1 business day
    You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
    ACE Cash Express Payday Loans
    Quick payday, installment and title loans with no prepayment penalty and a 72-hour satisfaction guarantee. Funds can be loaded on an ACE Elite™ Visa® Prepaid Debit Card.
    Varies by state
    Varies by state
    Generally receive the money the next business day
    Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.
    LoanByPhone Payday and Installment Loans
    This mobile lender offers convenient cash loans. Apply online or by phone.
    $3,000
    Varies by state
    1–2 business days
    Must be 21 years old and have a Social Security number, a regular source of income, a valid email address, an active checking account and a phone number.
    BadCreditLoans.com
    With straightforward, simple qualifications, these loans offer easy approval for people with poor credit.
    $5,000
    3 to 36 months
    Varies
    Depending on lender requirements, people from all 50 states may not be eligible for a personal loan.

    Compare up to 4 providers

    What should I be aware of when taking out a short-term loan in Denver?

    • Monthly maintenance charges. Lenders can charge a maintenance fee, but the total can’t exceed more than $7.50 per $100 loaned and must not go over $30 per month.
    • Renewal charges. Additional charges for a renewed loan cannot exceed 45% APR.
    • Financing fees. A lender can charge up to 20% of the loan amount for the first $300 borrowed, and they can charge an additional 7.50% per $100 for amounts over $300.

    Del's expensive medical bills

    Del received a medical bill five months ago that he’d forgotten about, and now the amount is due immediately. The credit card Del regularly uses is maxed out, and his credit score is low from some missed payments in the past. Knowing that he wouldn’t qualify for a personal loan, Del decided to apply for a short-term loan.

    He applied online for a loan of $300, which would be broken into payments over the next six months. Before he signed the contract, the lender made it clear that there would be a $7.50 fee per $100 borrowed every month the loan was outstanding.

    Each month his account was automatically debited the scheduled amount. Del was able to pay his medical bill and budget for the relatively small payments to his lender every month without any trouble.

    Here are some benefits to short-term lending

    • The application is quick. Whether you visit a store or go online, the process of applying for a loan should only take five to ten minutes.
    • Multiple ways to get your loan. When you apply online, you’ll likely get your loan deposited directly into your bank account, although some lenders can get you a debit card. If you decide to visit a store, you can get your loan in the form of a check, cash or bank deposit.
    • Bad credit is accepted. As long as you meet other eligibility criteria, it’s likely bad credit won’t impact an approval decision. A regular source of income and long-term employment work in your favor.

    Here’s what you’ll need to apply for a short-term loan in Denver

    Before you apply, remember that all lenders have the same basic eligibility criteria: you’ll need to be at least 18 years old, a US citizen or permanent resident and have a regular source of income.

    When you start filling out an application, you’ll be able to make the process faster if you know your basic personal information and have some important documentation with you.

    You’ll need

    • Your name, address, email and phone number
    • Your date of birth, Social Security number and a state-issued ID
    • Your employer’s name, address and phone number
    • Your gross monthly income
    • Your bank account information if applying online

    Short-term loans in the Denver area

    Short-term loan offices in Denver

    • Advance America. 7150 Leetsdale Dr #312, Denver, CO 80224
    • Check City. 1898 S Wadsworth Blvd, Lakewood, CO 80232
    • Check Into Cash. 1550 S Colorado Blvd #101, Denver, CO 80222
    • Checkmate. 14601 E Colfax Ave B, Aurora, CO 80011
    • Coin 2 Cash. 77300 E Colfax Ave, Denver, CO 80220
    • Loan Stop. 1390 S Colorado Blvd #140, Denver, CO 80222
    • Moneytree. 7357 E 36th Ave, Denver, CO 80238
    • New Money Express. 901 E Colfax Ave, Denver, CO 80218
    • Payday Now Loans. 320 Broadway, Denver, CO 80203
    • Speedy Cash. 6501 E Evans Ave, Denver, CO 80224

    How much a short-term loan might end up costing

    All loan contracts vary, but if you know the legal maximums lenders are allowed to charge, you’ll be able to figure out how much a short-term loan will cost.

    Short-term loans can’t exceed 45% in their APR. That means the total you have to pay back in principal and interest can be no greater than 45% of the initial amount of the loan. It may seem high, but when you compare it to other states where the APR is allowed to reach hundreds of percent, you’ll see that the cap is a benefit to consumers.

    The most important thing you can do is read your contract before you borrow. Lenders are required to state exactly how much you’ll need to pay back over the course of your loan, so familiarizing yourself with the fine print is the best way to prevent unexpected charges.

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    US Payday Loans Offers

    Important Information*
    Slam Dunk Loans

    Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.

    LendUp Payday Loans

    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

    Check into Cash Payday Loan

    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

    OppLoans Installment Loans

    Installment loans with competitive rates from a top-rated direct lender.

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