Payday Loans in Calhan, Colorado

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No payday loan companies in Calhan, CO. Consider companies in other cities:

Company nameAddressZip codePhone number
RBC Wealth Management Branch - Pueblo 601 N Main St Suite 101, Pueblo, CO 81003 +1 (719) 544 - 2800
Walmart Money Center 2000 W Victory Way, Craig, CO 81625 +1 (970) 824 - 0340
Bank of the West 3201 F Rd, Clifton, CO 81520 +1 (970) 242 - 6642
Great Western Bank 2695 Northpark Dr Ste 101, Lafayette, CO 80026 +1 (303) 666 - 0111
First FarmBank 931 W Main St, Sterling, CO 80751 +1 (970) 522 - 2444
Pine Financial Group 10200 W 44th Ave 220, Wheat Ridge, CO 80033 +1 (303) 835 - 4445
Precision Auto Service, Inc. 1294 W 4th St 2906, Craig, CO 81625 +1 (970) 824 - 8566
Air Academy Federal Credit Union 4920 N Union Blvd, Colorado Springs, CO 80918 +1 (719) 593 - 8600
Southern Colorado Economic Development District SCEDD 121 W City Center Dr, Pueblo, CO 81004 +1 (719) 545 - 8680
Aventa Credit Union_Pueblo 225 E Evans Ave, Pueblo, CO 81004 +1 (800) 555 - 6665

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Calhan, CO, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Denver, CO, Payday Loans in Englewood, CO, Short-term Loans in Fort Collins, CO, 24-Hour Loan in Grand Junction, CO, Payday Loan for Greeley, CO, Payday Loan Companies in Littleton, CO, Online Loans in Longmont, CO and Payday Loans in Loveland, CO. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Calhan, CO.

Beautiful sights of Calhan, CO

Payday Loans Available in Calhan, CO By The Following ZIP Codes:

80808

Are Payday Loans Legal In Calhan, Colorado?

Loan Rates and Fees, Laws and Regulations in Colorado.

Colorado Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)214
Maximum Loan Amount$500
Minimum Loan TermNot Specified
Maximum Loan Term6 months (180 days)
Number of Rollovers Allowed1
Finance Charges<$300 = 20$ >$300 = 20$ + 7.5% of any excessive amount

Calhan, CO payday loan calculator

Payday loans in Calhan, Colorado

Payday loans are legal in Colorado and are often used in emergencies or unexpected expenses such as car repairs, medical bills, or other bills that need to be paid before the next payday. One city where payday loans are available to residents is Calhan, Colorado. If you are considering using a payday loan to address your financial needs, it is important to understand how they work, their benefits and risks, and what the laws and regulations are in your state.

How do payday loans work?

Payday loans are short-term loans that usually need to be repaid within two to four weeks. To apply for a payday loan, the borrower provides proof of employment and proof of income. The lender will also ask for personal information such as name, address, and phone number. The lender will then provide the borrower with the loan amount, typically ranging from $100 to $1,000 or more, depending on the lender and the borrower’s eligibility. The borrower must then repay the loan amount plus fees and interest on the due date, which is usually the date of their next paycheck.

Benefits and Risks of Payday Loans

Payday loans can be an attractive option for those who need cash quickly and have no other means of obtaining it. However, it is important to consider the risks associated with payday loans. One of the biggest risks is the high fees and interest rates that are associated with these loans. In certain cases, these rates can be as high as 400%, which can lead to a vicious cycle of debt if the borrower is unable to repay the loan on time. If you are considering a payday loan, it is important to carefully consider your financial situation and assess whether or not this is the best option for your needs.

Furthermore, payday lenders can be known for predatory practices, such as rolling over loans or making loans to individuals who cannot afford them. It is important to research the lender and ensure they are reputable before taking out a loan.

What are the laws and regulations?

In Calhan, Colorado, payday loans are legal and are regulated by Colorado Revised Statutes 5-3.1-101 et seq. According to these laws, payday lenders are required to be licensed and must follow certain regulations. For example, lenders cannot charge more than 20% for the first $300 borrowed and 7.5% for any amount over that. The maximum loan amount is $500 and lenders must allow borrowers to repay the loan over several installments. Additionally, lenders may not make more than two loans to the same borrower at one time. It is important to be aware of these laws and regulations when considering a payday loan.

Interesting facts and statistics about payday loans in Calhan, Colorado

  • According to research by the Colorado Attorney General’s Office, the average payday loan borrower in Colorado takes out about 3 loans per year, with an average loan amount of $400 and an average interest rate of 129%.
  • The Pew Charitable Trusts found that approximately 12 million Americans take out payday loans every year.
  • One of the biggest reasons people take out payday loans is to cover unexpected expenses such as medical bills, car repairs, or home repairs.
  • In Colorado, it is possible to take out multiple payday loans, but the total amount cannot exceed $500.
  • If you are unable to repay your payday loan on time, the lender may charge you additional fees, which can make it even more difficult to repay the loan.

Apply Now

If you are considering a payday loan to address your financial needs, it is important to carefully research potential lenders and consider your ability to repay the loan on time. TheGuaranteedLoans is a connector service that can help you connect with potential lenders. Fill out an online application on our website to get started, and one of our representatives will contact you to discuss your options. Keep in mind that TheGuaranteedLoans is not a direct lender, but we can help facilitate the process by connecting you with potential lenders who may be able to help.

Remember to only use payday loans in emergency situations and try to avoid using them as a long-term solution. With careful research and consideration, payday loans can be a valuable tool for those who need cash quickly and have no other means of obtaining it.

F.A.Q.

What are the eligibility requirements for payday loans in Calhan, Colorado?

Applicants must be at least 18 years old and have a regular source of income.

Is there a limit on the amount I can borrow with a payday loan in Calhan, Colorado?

The maximum amount that can be borrowed is $500.