Payday Loan Colorado

Information verified correct on March 29th, 2017

Review this important information if you’re thinking about getting a payday loan in Colorado.

Colorado is known for its vibrant landscape that includes forests, mountains, rivers, deserts, plateaus, plains, and canyons. This is the eighth most extensive state in the US and also its 22nd most populous.

In 2014, the population of Colorado was over 5,355,000, which was a 6.5% increase from 2010. Its total gross state product in 2010 stood at $257.6 billion. In the same year its per capita income was around $52,000. In August 2014, unemployment in the state was 5.3%.

Residents of this state commonly take out payday loans. If you’re considering getting one, going through this guide is in your best interest.

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!

    A selection of loans you could apply for

    Rates last updated March 29th, 2017
    Unfortunately, none of the personal loan providers have a loan for that credit score. It you are urgent need of a small loan, you might want to check out a short term loan.
    Max. Loan Amount Term of Loan Turnaround Time Costs
    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 Varies depending on the amount and your state of residency. Go to site More
    SWIFT Payday Loan
    Access multiple lenders with a 5-minute application for a cash advance on your paycheck.
    $1,000 Varies by lender Next business day APR varies by lender Go to site More
    CashNetUSA Loan
    Apply for a $300 to $2,250 short-term loan, installment loan or line of credit with a day’s turnaround.
    $2,250 Varies by state 1 business day Varies by state of residency. Go to site More
    OppLoans Personal Loans
    Get a better personal loan of up to $5,000 with 9- to 24-month repayment terms, depending on your state.
    $5,000 9 to 24 months 1 business day Depends on state of residency. Go to site More
    Cash Central Payday Loan
    Offers high-APR cash loans of up to 32 days deposited directly into your checking account.
    $5,000 Varies by state 1–2 business days Depends on your credit history and the state you live in. Go to site More
    ACE Cash Express Payday Loans
    An array of services in 1,000 locations include short-term, installment and title loans with terms that vary by state.
    Varies by state Varies by state Generally receive the money the next business day Varies depending upon the state where you reside. Go to site More
    LendUp Payday Loans
    Climb the LendUp Ladder with this unique borrowing platform offering credit reporting and $250 loans for first-time borrowers.
    $250 7–30 days 1 business day Varies depending on the loan terms and your state of residence. Go to site More

    Have we missed anything in the comparison table? Tell us

    • If the provider quotes a different rate to the one above please let us know

    Are payday loans legal in Colorado?

    Yes. Payday loan lenders in Colorado can operate legally. The Deferred Deposit Loan Act under the Colorado Revised Statutes 5-3.1-101 et seq. governs the functioning of all payday lenders in the state. Payday loans, deferred deposit loans and payday advances refer to the same type of credit.

    Payday loan lenders in Colorado cannot lend amounts greater than $500. The amount you borrow in payday loans through any one lender cannot exceed $500. You have the right to rescind a payday loan before 5pm the next business day after the loan transaction takes place. Payday advances in Colorado don’t have any maximum loan terms. The minimum loan term is six months.

    Why should you consider taking out a Colorado payday loan?

    Payday loans in Colorado offer these features:

    • Easy application process. Applying for a payday loan takes no more than a few minutes, whether you apply at a store-front or online. If you apply using the Internet you can find lenders that complete identification verification online, so you don’t have to worry about faxing any documents.
    • Quick access to funds. The quickest way to get money through a payday loan is to apply in-store. This is because you can get cash as soon as the lender approves your application. If you apply online, while some lenders may require that you wait until the next business day, some may have you waiting for longer.
    • Bad credit is alright. Many payday loans in Colorado provide finance to people who have less than perfect credit histories. What lenders look at is your existing financial situation coupled with your ability to repay.
    • Use money for different reasons. What you do with proceeds from a payday advance in Colorado is basically up to you. You can use this money to get past a temporary setback, go on a holiday, repair your car, or buy someone a gift.

    What fees and charges do Colorado payday loans come with?

    State laws influence payday loan rates in Colorado. Lenders can charge a finance charge which must not exceed 20% for the first $300, plus 7.5% for any amount loaned in excess of $300. There are no specified APR regulations on payday loans in Colorado. If you prepay the loan ahead of schedule the lender should refund a prorated portion of the APR depending on the time left before the loan term’s expiry.

    A payday loan lender in Colorado can charge a monthly maintenance fee, not to exceed $7.50 per $100 loaned, up to a maximum of $30 per month. Lenders can charge this monthly maintenance fee every month the loan remains outstanding 30 days after the loan’s initiation.

    How can I apply for a Colorado payday loan?

    You can apply for a Colorado payday loan online or by visiting a storefront. While applying is easy you have to meet these eligibility criteria:

    • You’re over 18 years of age
    • You’re an American citizen or a permanent resident of the US
    • You have a regular source of income

    Completing the application successfully requires that you provide some information:

    • Your name, residential address, email address, and phone number
    • Your date of birth, social security number, and a valid form of ID such as your driver’s license or passport
    • Details about your employment
    • Your pay frequency and income details

    Important information about payday loans

    While payday loans can be beneficial for many people, they aren’t always the best option for everyone. Follow the link for more information.

    The hidden consequences of payday loans

    Have any more questions about Colorado payday loans?

    What is the maximum number of outstanding payday loans I can have in Colorado?

    There is no maximum limit, provided your debt does not exceed $500 and there’s a gap of 30 days between loans.

    Do payday loan laws in Colorado permit rollovers?

    Yes, you can get one renewal. The lender can then charge an APR of 45%.

    Is there a limit to collection fees with payday loans in Colorado?

    Your lender can charge one NSF fee. You may also have to pay reasonable attorney fees that cannot exceed the loan amount.

    Are payday loans available in my state?

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    US Payday Loans Offers

    Learn about our information service
    Check into Cash Payday Loan

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

    LendUp Payday Loans

    Climb the LendUp Ladder with this unique borrowing platform offering credit reporting and $250 loans for first-time borrowers.

    SWIFT Payday Loan

    Access multiple lenders with a 5-minute application for a cash advance on your paycheck.

    CashNetUSA Loan

    Apply for a $300 to $2,250 short-term loan, installment loan or line of credit with a day’s turnaround.

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