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Compare your loan options in Colorado
Know this important information if you’re considering a payday loan in Colorado.
When you have unplanned expenses and are on a tight budget, a payday loan could be helpful. Payday loans, a type of short-term loan, give you quick access to money when you need it. Read on to find out about the laws in Colorado and everything else you should know about how payday advances work.
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I took out an online payday loan. The fees are outrageous and I just can’t keep up anymore. I’ve already paid 4,000 on the initial 1700 I borrowed. What happens if I default?
Hello Michelle,
Thank you for your comment.
If you default on your loan, the lender may begin adding fees and increasing the interest rate. If the lender considers a debt in default, the loan may be turned over to a collection agency, which will affect your credit history and your credit score. Know more about the consequences when you default on a loan.
Should you wish to have real-time answers to your questions, try our chatbox on the lower right corner of our page.
Regards,
Jhezelyn
My daughter has leukemia and I missed two weeks of work recently I was only payed 48 dollars and I owe rent whichbis 675.00 dollars on the first. I dont have a bank acvount technically, but I do have a money network debit card that is also a payroll card that I get my pay checks loaded to direct deposit from my employer.I have had my taxes loaded on there and it is reloadable through money grahm,western unuion and green dot. I work full time and make over a grand usually a payday plus I have zero debt and a good credit score just not a long history of established credit.. I need a online or in person loan but I dont have a bank account. Can you help?
Hi Jason,
Thanks for getting in touch with finder.
I’m sorry to hear about your daughter’s illness. I hope all things will work out together for good for you.
Regarding your situation, there are limited loan options for you. However, we do have a page that will help you know how to get a payday loan on a prepaid debit card. Please feel free to read that page to learn more.
I hope this helps. Should you have further questions, please don’t hesitate to reach out again.
Have a wonderful day!
Cheers,
Joshua