Colorado is a fairly liberal state when it comes to payday loans. You can borrow up to $500 from a single company and you’ll pay interest of 20% on loans of $300 or less. If you borrow over $300, you’ll still have the initial 20% of that plus 7.5% of whatever you borrow over $300. $300 will have you pay back $360 but $500 will have you pay back $375. This eases the difficulty of borrowing larger amounts as you won’t be charged excessively. You can have up to 40 days to pay the loan back in full so whether you’re paid bi-monthly or monthly, you can have an easier time taking care of it.
Colorado Pay Day Loan Laws
Maximum Loan Amount: $500
Maximum Finance Rate: 20% of the first $300 plus 7.5% of anything over $300.
Annual Percentage Rate For 14 Day $100 Loan: 520%
Minimum Payoff Time: 1-40 days.
Extensions Allowed: One rollover allowed.
Top 5 Colorado Payday Loan Companies
checkcity.com/
1988 S. Wadsworth Blvd
Lakewood, CO
(303)988-3073
Check City has offices in five states and their Colorado location is in Lakewood. You can fully apply online for payday loans no matter where in CO you are which is very convenient. This company offers many different services in addition to payday loans such as title loans, precious metal buying, check cashing, tax preparation and more.
5135 E Colfax Ave, Denver, CO
(303) 399-0144
qcholdings.com
Quik Cash has physical locations all over Colorado as well as numerous other states. This company offers standard payday loans and allows you to pay bills from their office, transfer money via wire or purchase debit cards. The offices are handy and scattered all over the US but you also have the ability to simply apply and be accepted for a payday loan from their website.
4848 S. College Avenue
Fort Collins, CO 80525
970-377-2346
Money Now Colorado is a locally owned and operated company that has been in business in Colorado since 2000. The tagline they use on the website is “you’re not just a customer, you’re a client”. This company prides itself on providing great customer service while providing you with the short-term loan that you need to get through hard times or to bridge the gap between paydays.
699 Wadsworth Blvd
Lakewood, CO
(303) 238-5576
acecashexpress.com
ACE Cash express is probably the most visible payday loan company in all of the United States. With dozens of locations in every state and most major cities, you’ve probably seen one of their offices at one time or another. This company offers a mammoth range of financial services to their customers including payday loans and title loans.
Web Only Company
Colorado Cash Advance is part of a network of “State-cash-advance” websites that are run out of Missouri. While this spreads the company over a wide area, it still functions perfectly and allows you to apply for and receive a payday loan using the official website. You can utilize this service no matter where you are in Colorado and have money in your account in less than 24 hours.