Payday Loans in Cheraw, Colorado

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

Company nameAddressZip codePhone number
Dinero Rapido 105 Capitol St, Eagle, CO 81631 +1 (970) 328 - 1802
Independent Financial 501 S Tejon St, Colorado Springs, CO 80903 +1 (719) 578 - 5488
Moneytree 10305 E Colfax Ave, Aurora, CO 80010 +1 (303) 360 - 6669
ACE Cash Express 3105 S Peoria St, Aurora, CO 80014 +1 (303) 283 - 9941
Kevin Sprincz at Guaranteed Rate - NMLS 287449 105 Edwards Village Blvd C209, Edwards, CO 81632 +1 (303) 641 - 7728
Bank of Colorado 1041 Main St, Windsor, CO 80550 +1 (970) 686 - 7631
Wells Fargo Home Mortgage 320 S Lincoln Ave, Steamboat Springs, CO 80487 +1 (970) 879 - 8586
Norwest Auto Sales, Inc. 330 N Circle Dr 6249, Colorado Springs, CO 80909 +1 (719) 632 - 5420
Stephanie Espinoza, NMLS 1622882 - Security Service Federal Credit Union 1902 Vinewood Ln, Pueblo, CO 81005 +1 (800) 525 - 9570
Clemente Corporation 9800 Pyramid Ct, Englewood, CO 80112 +1 (303) 552 - 0481

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Cheraw, CO, you can try to find different companies in big cities near by. Check out the following pages here: Bad Credit Loans in Denver, CO, Payday Loans in Englewood, CO, Payday Loans in Fort Collins, CO, Emergency Loan in Grand Junction, CO, Payday Loans in Greeley, CO, Payday Loans in Littleton, CO, Online Loans in Longmont, CO and Same Day 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 Cheraw, CO.

Beautiful sights of Cheraw, CO

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

81030

Are Payday Loans Legal In Cheraw, 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

Cheraw, CO payday loan calculator

Payday Loans in Cheraw, Colorado: Everything You Need to Know

Emergencies can happen anytime, anywhere, and to anyone. Even those who do their best to save money and plan ahead may find themselves in unexpected situations where they need quick cash. In such cases, a payday loan can be a lifesaver. In Colorado, payday loans are legal, and Cheraw residents have access to these types of loans. Read on to learn more about payday loans in Cheraw, Colorado.

What are payday loans?

Payday loans are short-term, high-interest loans designed to provide quick cash to borrowers when they need it most. The loan amount typically ranges from $100 to $500, although this may vary from lender to lender. In Colorado, the maximum loan amount for payday loans is $500. Payday loans are meant to be repaid within a few weeks or by the borrower’s next payday. The interest rates on these loans can be quite high, so borrowers should be prepared to pay back the borrowed amount plus interest and fees.

How do payday loans work in Colorado?

In Colorado, payday loans are regulated by the Deferred Deposit Loan Act. This law stipulates that lenders must follow certain rules when providing payday loans. First, lenders must be licensed by the state, and they cannot charge more than 45% interest on payday loans. Additionally, lenders must provide borrowers with a written agreement outlining the terms of the loan, including the interest rate and any fees. Lastly, lenders must give borrowers a grace period of at least six months if they are unable to repay the loan on time.

What are the requirements for getting a payday loan in Cheraw, Colorado?

  • You must be at least 18 years of age
  • You must have a valid photo ID
  • You must have a steady source of income
  • You must have an active checking account

When applying for a payday loan, you will need to provide personal information such as your name, address, and social security number. You will also need to provide proof of income, such as a pay stub or bank statement. Some lenders may require additional documentation, such as proof of residency or employment.

Pros and Cons of payday loans

Pros:

  • Quick and easy access to cash
  • No credit check required
  • Approved loan amounts are usually available on the same day
  • The borrower can complete the loan application process online or over the phone

Cons:

  • High-interest rates and fees
  • Can lead to a cycle of debt if not repaid on time
  • May have a negative impact on the borrower’s credit score
  • Lack of regulation can lead to predatory lending practices

Interesting facts and statistics about payday loans in Cheraw, Colorado

  • There are approximately 200 payday lenders in Colorado
  • The average payday loan in Colorado is $370
  • Colorado residents take out an estimated 450,000 payday loans each year
  • 16% of Colorado borrowers are unable to repay their loans on time and end up defaulting

Apply Now

If you find yourself in a situation where you need cash quickly, and you meet the requirements listed above, a payday loan may be the answer. At TheGuaranteedLoans, we are a connector service that can help you find potential lenders who can provide you with the loan you need. Be aware that we do not lend money ourselves, but we can help you find someone who can. To get started, simply fill out our online application form and wait for lenders to contact you. It’s that easy.

In conclusion, while payday loans can be a helpful resource for those in need of quick cash, they also come with risks and drawbacks. It’s essential to be aware of the potential downsides and to understand the loan terms and conditions fully. By doing so, you can make an informed decision and avoid falling into a cycle of debt.

F.A.Q.

Are there any protections for borrowers in Cheraw, Colorado when it comes to payday loans?

Yes, Colorado law requires lenders to provide clear and concise information about the terms and conditions of the payday loan, as well as any fees and interest rates. Borrowers also have the right to cancel the loan within 24 hours without incurring any additional charges.

Can I renew or extend my payday loan in Cheraw, Colorado?

No, payday loans in Cheraw, Colorado cannot be renewed or extended. Borrowers must pay off the loan in full by the due date.