ColorTyme Sales and Lease
250 3rd St #4
Fairbanks, AK
(907) 479-6300
Colortyme opened years ago with just one physical office and soon spread across the US with a simple goal: Provide short-term loans to meet customer’s financial needs quickly and easily via payday loan and offer great items in a “rent to own” capacity. This company realizes banks don’t typically like to hand out very small, short-term loans and the typical loan seeker in this area has less than stellar credit. This company offers loans to people in all many states and has a payday loan service requiring zero physical paperwork. This company also operates online.
This company specializes in “emergency” loans that someone may need to help survive between paydays, handle situations they don’t have savings for and similar situations. A good example is if you suddenly need dental work, this is simply too painful to put off until payday so a payday loan can take care of this need of funds if you have no other resources.
What They Offer
Like most payday loan companies, Colortyme features short-term loans that don’t require a credit check, collateral or Faxing. You can have your funds deposited by the next business day as long as you apply by 5PM EST. This company prides itself in offering outstanding customer service both online and over the phone to handle any questions and concerns you may have.
This company is best known for offering household appliances and furniture to those who don’t have good credit and want to make low monthly payments.
Where They Are Located
Colortyme has a few branches around the state of Alaska ,including three in Anchorage, as well as numerous offices across the US. To reach them, you can simply visit them in person or fill out the online application and they will typically respond to you within an hour or two via e-mail or phone. The online application is very convenient for those who live in rural areas and traveling to a physical payday loan company simply isn’t a viable option.
Rates/Terms
To qualify for a loan through this company you must be a US Citizen, be 18 years old, have an active checking/savings account and make $1000/month minimum at a verifiable workplace. This company follows Alaska state laws and offers a maximum payday loan of $500 with a maximum interest rate of $15 on every $100 borrowed or 15% of the total loan amount. The processing fees will vary greatly depending on numerous factors such as how much you make, and whether or not you’ve used this service before.
Additional Info
Companies such as Colortyme cater to those with bad credit so even if you’ve had some credit problems in the past, you can still qualify for a payday loan or their rent to own services. The money will deposited into your bank account or given to you in the store but will also be deducted on the day you specify. It’s important to make sure you have enough in your account to cover the amount borrowed or you might be charged numerous fees from your bank.
