Payday Loans in McCoy, Colorado

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

Company nameAddressZip codePhone number
Evergreen National Bank 502 Sixth St, Georgetown, CO 80444 +1 (303) 569 - 9700
Legacy Bank 1580 E Cheyenne Mountain Blvd 100, Colorado Springs, CO 80906 +1 (719) 579 - 9150
Rocky Mountain Bank & Trust 101 E Main St, Florence, CO 81226 +1 (719) 784 - 6316
PB&T Bank Castle Rock 360 Perry St, Castle Rock, CO 80104 +1 (303) 688 - 3587
Vectra Bank - Park Centre 1955 W 120th Ave, Westminster, CO 80234 +1 (720) 947 - 8062
Square 1 Bank 1601 Wewatta St 850, Denver, CO 80202 +1 (720) 381 - 5062
Great Western Bank 121 S Tejon St STE 110, Colorado Springs, CO 80903 +1 (719) 632 - 8801
Ent Credit Union 2018 Prairie Center Pkwy, Brighton, CO 80601 +1 (800) 525 - 9623
Mountain Wealth Partners LLC 230 Center Dr, Glenwood Springs, CO 81601 +1 (970) 945 - 6900
Weston Hager - Raymond James 55 S Elm Ave, Eaton, CO 80615 +1 (970) 454 - 2964

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in McCoy, CO, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Denver, CO, Payday Loans in Englewood, CO, Payday Loans in Fort Collins, CO, Payday Loan Without a Credit Check in Grand Junction, CO, Payday Loans in Greeley, CO, Payday Loan for Littleton, CO, Payday Loans in Longmont, CO and Bad Credit 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 McCoy, CO.

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

80463

Are Payday Loans Legal In McCoy, 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

McCoy, CO payday loan calculator

Payday loans are a type of short-term loan that can be incredibly useful for people in need of emergency funds. These loans are quick and easy to obtain, making them a popular choice for individuals who may be facing unexpected expenses or financial emergencies.

If you are looking for a payday loan in McCoy, Colorado, it is important to understand the regulations surrounding these types of loans. In Colorado, payday loans are legal, but there are specific laws in place to protect borrowers. Understanding these laws and regulations can help you make an informed decision about whether or not a payday loan is right for you.

How do Payday Loans Work?

Payday loans are designed to be short-term loans that can help borrowers cover unexpected expenses or bills. Typically, these loans are due to be repaid when the borrower’s next paycheck arrives. The loan amount is usually based on the borrower’s income, and borrowers are required to provide proof of employment or income when they apply.

When you apply for a payday loan in McCoy, Colorado, you will need to provide your personal and financial information as well as information about your employment. This information will be used to determine your eligibility for the loan and to assign an interest rate and repayment term. If you are approved for the loan, the funds will then be deposited directly into your bank account.

What are the Regulations Surrounding Payday Loans in Colorado?

In Colorado, payday loans are regulated by the Colorado Deferred Deposit Loan Act. This act sets out specific guidelines for lenders who offer payday loans in the state. For example, lenders in Colorado must be licensed by the state, and they are limited in the fees and interest rates they can charge.

The Colorado Deferred Deposit Loan Act also includes regulations surrounding loan renewals and extensions. In Colorado, borrowers are allowed to renew or extend their payday loans up to six times, but lenders are required to provide additional disclosures and send reminders to borrowers before doing so.

What are the Pros and Cons of Payday Loans?

Like any type of loan, there are pros and cons to taking out a payday loan. Some of the benefits of payday loans include:

  • Quick and easy access to funds
  • No credit check required
  • Can be used for any purpose
  • Can help borrowers avoid late fees or other penalties

However, there are also some significant drawbacks to payday loans. Some of the cons include:

  • High interest rates and fees
  • Short repayment terms
  • Potential for debt cycles and rollovers
  • Not a long-term financial solution

It is important to carefully weigh the pros and cons of payday loans before deciding if they are right for you.

Interesting Facts about Payday Loans in McCoy, Colorado

Did you know that the average borrower in Colorado takes out six payday loans per year? Or that the average interest rate for a payday loan in Colorado is 129%? Understanding these types of facts and statistics can help you make an informed decision about whether or not a payday loan is right for you.

Apply Now

If you are interested in applying for a payday loan in McCoy, Colorado, TheGuaranteedLoans can help. We are a connector service that works with a network of potential lenders to help connect borrowers with the funds they need. Complete our online application today to see if you qualify for a payday loan.

Remember, TheGuaranteedLoans is not a direct lender, and we do not make lending decisions. We are a connector service that works to connect borrowers with potential lenders. However, we are committed to providing our customers with the information and support they need to make informed decisions about their finances.

The Bottom Line

Payday loans can be a valuable resource for individuals who need access to emergency funds. However, it is important to carefully consider the pros and cons of these loans and to understand the regulations in place in your state. If you do decide to pursue a payday loan, be sure to work with a trusted lender or connector service.

F.A.Q.

What are the penalties for not paying off a payday loan in McCoy, Colorado?

If a borrower is unable to pay off a payday loan in McCoy, Colorado, the lender may charge additional fees and interest. However, lenders are not allowed to pursue criminal action against borrowers for failing to pay off the loan.

Are there any alternatives to payday loans in McCoy, Colorado?

Yes, borrowers in McCoy, Colorado may be able to obtain a small loan from a credit union or bank, or seek assistance from a non-profit organization.