Almost anyone over the age of 18 with a regular source of income can qualify for a payday loan in Colorado. Most loan companies will require that you have an active checking account since you'll need to post date a check for your loan. It is as simple to request your advance and to get approved, often with the cash you need in your hands the very same day.
If you need to get a cash advance loan, it's important for consumers like you to be aware of the consumer protection laws in Colorado that can protect you from predatory practices. The first thing you should know is that the maximum amount that you can borrow is $500, and the smallest loan period that a lender can offer is a six-month term.
You can get any number of loans that you may need as long as they do not go above the $500 combined limit.
Payday loans can help you get cash when you need it the most. Use the money for any purpose, with no questions asked. Many companies are prepared to offer cash advance loans to customers with bad credit.
Colorado Lending Services
Find your Colorado payday loan below or call 855-980-5879
Safe and secure cash advance process. There is no obligation to accept any offer.
Colorado Cash Advance Loans
Colorado Payday Loan Laws
The highest interest that a lender is allowed to charge is 20% for cash advance loans up to $300. For larger loans, they can also cost up to $7.50 for each $100 over the $300 line. If you wish to renew a cash advance loan, there's a 45% interest rate added the renewal. If your loan is outstanding, then the lender can also charge a maintenance fee of up to $7.50 for each $100 that you borrowed. They cannot charge you any more than $30 each month. Lenders are not allowed to splitting any loan into two or more parts, and they're also required to offer payment plans for each credit that they provide.
There are also laws on how payday lenders can collect any outstanding debts that you may have. First, a creditor is forbidden from taking legal action against anyone who had borrowed money unless that person had closed their checking account before they finished repaying the loan.
It's also important to know that you can contact the Colorado Attorney General's office if you suspect that your lender is not working strictly and faithfully within the law. This office can be reached by phone, e-mail, standard mail or by fax, and you can also file a complaint or view the full details of any lending laws on their website.
If your payday lender licensed and stays within Colorado Uniform Consumer Credit Code, then these kind of loans can be very helpful in emergency situations.
How a payday loan works
Short duration loans such as payday advance loans, provide a borrower financial relief - temporarily. This type of lending should not be viewed as a long-term monetary solution. If you are encountering severe financial difficulties, you should find other alternatives or seek professional financial guidance.
RealCashAdvances.com (RCA) is not a lending provider and does not make loans or any credit decisions. This website is not a lending proposal. This site connects interested individuals with a direct lender from its interface of approved moneylenders. This website is not liable for the actions or inactions of any lending provider and does not control any company within the network; RCA is not a representative, agent or broker of any lending company and does not endorse any payday lender. This website receives compensation from lenders; often based on a ping-tree model where bidders are connected to the consumer. Notwithstanding, this website’s assistance is always available at no cost to you.
Payday loans and cash advance lending is not accessible in all states. If you inquire about finance in an area where such loans are not allowed by law or within an area where RCA does not produce an accessible lender within the network, you will not be united to a lending provider. In some instances, you could have the opportunity to obtain your loan from a tribal lender. These lenders are controlled by tribal laws and special federal regulations while being exempt from local state laws that include usury caps. If you are linked to one of these lenders, please read and comprehend all of the fees and rates. These charges may be much higher than state licensed loan providers. A tribal lender may also require you to accept terms stating any disputes and conflicts be resolved within tribal jurisdiction. You are encouraged to learn and read all of the conditions and terms of any lending providers offer, and reject any proposal you cannot afford, manage to repay or has terms not acceptable to you.