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Short-term loans in Colorado Springs, Colorado

Learn about the las and find lenders nearby.

1 - 0 of 0
Name Product Filter Values Loan amount Turnaround time Requirements
LendYou Short-term Loans
Finder Score: 2.5 / 5: ★★★★★
LendYou Short-term Loans
Up to $1,000 for payday loans and up to $5,000 for installment loans
1 business day
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
EarnIn
Not rated yet
EarnIn
Get up to $100 per day or $750 per pay period.
1 to 3 business days, or same-day for a fee
Direct deposit sent to a checking account, a regular pay schedule, a fixed work location or an online timekeeping system at work
No mandatory fees, no interest, and no credit checks. Subject to EarnIn terms & conditions
Cleo
Not rated yet
Cleo
Up to $250
3 to 4 days standard transfer. Same day with $3.99 express fee.
Not stated
Automatically monitor your spending plus access cash advances up to $100 at a time.
Albert
Not rated yet
Albert
Up to $250
2–3 business days or instant for a fee
Checking account 2+ months old receiving direct deposit, 2+ months working for the same employer, positive account balance, most recent paycheck was on-time, funds still available in bank account 24 hours after most recent payday.
Get up to $250 overdraft protection if you sign up for Albert's banking app.
Fast5kLoans Short-term Loans Connection Service
Finder Score: 0.2 / 5: ★★★★★
Fast5kLoans Short-term Loans Connection Service
$100 to $35,000
As soon as the next business day
Regular source of income, Verifiable bank account, US citizen, Ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
Fig Loans Installment Loans
$50 to $100, varies by state
As soon as the same business day
3 months of direct deposits, $1400 per month income, positive bank account balance
Get an affordable installment loan that comes with no fees, flexible terms and predictable monthly repayments.
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When money is tight and bills are due, you may decide that you needs a short-term loan. Just be sure you know the laws and regulations before you sign a contract.

What laws do lenders in Colorado Springs need to follow?

All lenders in Colorado Springs are required to abide by Colorado law. This means they can lend up to $500 for terms of six months or more. Although short-term lending is legal, APR is capped at 45%, meaning the amount you’ll have to pay is lower than in other states. Unfortunately, this also means that lenders are less likely to offer short-term loans, so you’ll have to shop around more and compare rates to make sure you’re getting the best deal possible.

If you want to learn more about short-term loans in Colorado, you can read our page here

How much you'll have to pay for a short-term loan

Unlike many other states, Colorado caps the annual percentage rate (APR) at 45%. It might seem high, but compared to the fact that other payday loans have APRs in the hundreds, it’s relatively cheap to borrow a short-term loan in Colorado. For residents of Colorado Springs, this means you won’t be paying much extra for a small loan.

In addition, you won’t have to repay it all in one go. If you find the right lender, you may be able to get a contract that states you have months, not weeks, to pay off your debt. More time means you might have to pay more, but you also won’t be forced to pay back hundreds of dollars by your next payday.

It’s all about reading your contract and finding out what works for you.

Compare short-term loans

1 - 0 of 0
Name Product Filter Values Loan amount Turnaround time Requirements
LendYou Short-term Loans
Finder Score: 2.5 / 5: ★★★★★
LendYou Short-term Loans
Up to $1,000 for payday loans and up to $5,000 for installment loans
1 business day
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
EarnIn
Not rated yet
EarnIn
Get up to $100 per day or $750 per pay period.
1 to 3 business days, or same-day for a fee
Direct deposit sent to a checking account, a regular pay schedule, a fixed work location or an online timekeeping system at work
No mandatory fees, no interest, and no credit checks. Subject to EarnIn terms & conditions
Cleo
Not rated yet
Cleo
Up to $250
3 to 4 days standard transfer. Same day with $3.99 express fee.
Not stated
Automatically monitor your spending plus access cash advances up to $100 at a time.
Albert
Not rated yet
Albert
Up to $250
2–3 business days or instant for a fee
Checking account 2+ months old receiving direct deposit, 2+ months working for the same employer, positive account balance, most recent paycheck was on-time, funds still available in bank account 24 hours after most recent payday.
Get up to $250 overdraft protection if you sign up for Albert's banking app.
Fast5kLoans Short-term Loans Connection Service
Finder Score: 0.2 / 5: ★★★★★
Fast5kLoans Short-term Loans Connection Service
$100 to $35,000
As soon as the next business day
Regular source of income, Verifiable bank account, US citizen, Ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
Fig Loans Installment Loans
$50 to $100, varies by state
As soon as the same business day
3 months of direct deposits, $1400 per month income, positive bank account balance
Get an affordable installment loan that comes with no fees, flexible terms and predictable monthly repayments.
loading

Some short-term loan features you’ll want to consider

  • Monthly maintenance fee and renewal charges. Lenders are allowed to charge a fee of $7.50 per $100 (no more than $30 total) for each month a loan is outstanding. If you choose to renew your loan, a lender can’t charge more than 45% APR for the renewed amount.
  • Quick processing once approved. If you applying online, you’ll be able to get your money as soon as the next business day. If you decide to visit a storefront, the lender may be able to give you cash before you leave..
  • Bad credit is accepted. Most short-term lenders focus more on your current financial situation. As long as you meet other eligibility criteria, it’s likely that bad credit won’t impact an approval decision.

Abby can't afford her vet bill

Abby’s cat was injured and needed immediate treatment, but the pet insurance Abby had didn’t cover the entire cost. She had already depleted her savings the month before, and due to some missed payments in the past, Abby’s credit wasn’t great. Since she didn’t qualify for a personal loan, she opted for a short-term loan instead.

She applied for a loan of $200 at a storefront. The lender charged a $7.50 fee per $100 borrowed for every month the loan was outstanding. Her payments were broken up over a six-month period and were automatically debited from Abby’s account. All she had to worry about was making sure she had enough that she wouldn’t be assessed a non-sufficient funds fee.

Abby decided to pay the entire loan amount off by the end of the second month so she wouldn’t keep being charged the $7.50 fee. Now her cat is healthy and she doesn’t have to worry about the extra debt she had to take on to pay for her vet bill.

How to apply for a short-term loan in Colorado Springs

You’ll need to be at least 18 years old, a US citizen or permanent resident and have a steady source of income.

Lenders will ask for your personal information in order to confirm your identity and process your loan application.

  • 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 checking account details

If you aren’t approved, why not consider some alternatives to short-term loans?

Short-term loans near you in Colorado Springs, Colorado

Where to go to find a short-term store in Colorado Springs

  • ACE Cash Express. Chelton Center, 2064 S Academy Blvd, Colorado Springs, CO 80916
  • Advance America. 1029 Academy Blvd N, Colorado Springs, CO 80909
  • Check Into Cash. 542 S Academy Blvd, Colorado Springs, CO 80910
  • Check Lenders of Colorado, LLC. 1138 E Fillmore St, Colorado Springs, CO 80907
  • Checkmate. 5746 Palmer Park Blvd, Colorado Springs, CO 80915
  • M S Paycheck, Inc. 19 N Circle Dr, Colorado Springs, CO 80909
  • Mister Money. 211 E Colorado Ave, Colorado Springs, CO 80903
  • Moneytree. 1508 Academy Blvd N, Colorado Springs, CO 80909
  • Pioneer Services Military Loans. 1803 E Cheyenne Mountain Blvd, Colorado Springs, CO 80906
  • Quik Cash. Erindale Center, 5617 Academy Blvd N, Colorado Springs, CO 80918

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