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Payday Loans Online in Colorado
Colorado payday loans and cash advance – apply online or near me.
Apply for up to $500 loan online in Colorado.
We share the values of Colorado state such as service, integrity, teamwork and respect. Be sure to get the same from the direct lenders of the “nothing without god” state after filling out this free application form.
Any resident of colorado can apply for cash advance both online and in-store. But, of course, online lending is becoming more and more popular as it has plenty of advantages:
- It gives you a chance to compare a lot of different offers at once,
- You can avoid driving, doing paperwork and waiting in lines,
- Applying is free and simple,
- You have very high chances of approval even with a bad credit score,
- You can find some lenders ready to give you the loan with no credit check,
- It’s available 24 / 7.
Can you get approved with a bad credit score or no credit?
Bad credit loan is the type of credit given to borrowers with a fico score below 640. You usually need at least 600 to qualify. To get the money you may turn to credit unions, family, friends, peer-to-peer lending platforms or use online lending service. When choosing an online lender for a bad credit loan, there are important features to take into account. You can find all these important criteria on compacom.com website, which gives you a unique opportunity to compare companies. Pay attention to:
- Type of lending company
- Credit history and general qualifications
- Co-signer option
- Additional eligibility qualifications
- Employment requirements
- Interest rates and types
- Loan terms
- Fees and penalties
- Repayment options
The types of loans available for bad credit applicants are payday loans, personal loans and installment loans. They typically have higher interest rates and shorter terms than loans offered to people with good credit. You are most likely to get $100 – $1000 at the apr of 400%. This fact shouldn’t frighten you as due to short (14 – 30 days) term the overpay could be only $1 a day.
How to get instant cash advance in Colorado?
Applying for a payday loan is quick as:
- It takes only some minutes to apply
- You get an instant decision
- The money is deposited into your bank account within a day, or sometimes – an hour.
Payday loans near me in colorado
If you are searching for finances near your location in colorado like payday loans in Denver, payday loans in Colorado Springs, Aurora payday loans, Fort Collins payday loans, etc., you’re likely to need stores with addresses and so on. It may be a good idea if you borrow money for the first time and require a personal assistant’s help or if you want to get the cash advance as fast as possible, same day. But in other cases, there’s nothing more convenient than applying online. Thus you get an opportunity to compare various lenders, choose the most suitable offers with the lowest rates, and save time and energy. Besides, online cash advances are highly available even for bad credit borrowers. Some direct lenders offer no hard credit check loans, and practically no one requires collateral.
If you’re still looking for locations in colorado to get the necessary funds, use our payday loan store locator – just choose the city (Lakewood, Thornton, Arvada, Westminster, etc.) Or enter a zip code. Find the addresses, directions, phone numbers, and other relevant information which will help you find the cash advance faster and easier.
Colorado payday loans laws
First of all, short-term loans are legal in colorado according to the colorado revised statutes (colo. Rev. Stat. 5-3.1-101 et seq.). Though there are certain rules which state:
- The maximum amount of $500 at a time.
- Only one payday loan can be taken at a time.
- The minimum repayment period is 6 months.
- The maximum fee is not more than 20% for a loan of over $300.
- 45% interest rate for renewals
- Nsf fee shouldn’t exceed $25.
- No splitting of the loan into parts is allowed.
- Criminal charges are prohibited.
“aprs of 200% are gone. Huge win for colorado consumers!” Tweeted danny katz, the director of the colorado public interest research group.
If you want to file a report or complaint on payday lenders in colorado, address https://coag.gov/ .
