Payday Loans in Vilas, Colorado

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
Citizens State Bank of Ouray 145 Sherman St, Ridgway, CO 81432 +1 (970) 626 - 5462
Mister Money 420 W 29th St, Pueblo, CO 81008 +1 (719) 583 - 0180
AAMCO Transmissions & Total Car Care 432 Garden of the Gods Rd, Colorado Springs, CO 80907 +1 (719) 599 - 8843
Amada Senior Care 2850 McClelland Dr Suite 1900, Fort Collins, CO 80525 +1 (970) 237 - 5747
BSB Leasing Inc 7921 Southpark Plaza 208, Littleton, CO 80120 +1 (303) 329 - 0227
Leslie Winegarden - Raymond James 706 Wilcox St, Castle Rock, CO 80104 +1 (303) 721 - 9100
ACE Cash Express 3058 W Northern Ave, Pueblo, CO 81005 +1 (719) 561 - 4973
Bank of Colorado 55 Elm Ave, Eaton, CO 80615 +1 (970) 454 - 1800
Partner Colorado Credit Union Denver Water Branch 1600 W 12th Ave, Denver, CO 80204 +1 (303) 431 - 3408
Alpine Bank 917 Main St, Ouray, CO 81427 +1 (970) 325 - 4200

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Vilas, CO, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Greeley, CO, 24-Hour Loan in Littleton, CO, Payday Loans in Longmont, CO, 24-Hour Loan in Loveland, CO, Payday Loans in Parker, CO, Payday Loans in Pueblo, CO, Payday Loan for Westminster, CO and Payday Loans in Wheat Ridge, 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 Vilas, CO.

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

81087

Are Payday Loans Legal In Vilas, 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

Vilas, CO payday loan calculator

Understanding Payday Loans in Vilas, Colorado

Payday loans are a common type of short-term loan available in many states, including Vilas, Colorado. These loans are usually due on the borrower’s next payday and are typically repaid in full, along with fees and interest.

Here is a comprehensive look at payday loans in Vilas, Colorado, including their features, benefits, and potential drawbacks.

What are Payday Loans and How Do They Work?

Payday loans are short-term loans that borrowers use to cover unexpected expenses or bills before the next payday. The loans are typically for small amounts, ranging from $100 to $1,000, and are usually due on the borrower’s next payday, which is typically within two weeks to a month.

To be eligible for a payday loan in Vilas, Colorado, the borrower must have a valid ID, an active checking account, and proof of income. The lender will require the borrower to write a post-dated check or authorize an automatic withdrawal for the loan amount plus fees and interest.

Payday loans in Colorado have a maximum loan term of 40 days, and lenders can charge fees up to 20% of the borrower’s first $300 and 7.5% for any amount over $300. The annual percentage rates (APRs) for payday loans in Colorado can range from 129% to 409%.

The Benefits of Payday Loans

Payday loans can provide quick cash for those in need. The application process is usually straightforward, and borrowers can get their funds within a day or two. Unlike traditional loans, payday lenders may not require a credit check, which may be beneficial for those with poor credit.

Moreover, another significant advantage of payday loans is that they are unsecured loans. That means that borrowers do not need collateral to secure the loan. This feature makes payday loans attractive to borrowers who do not have assets to pledge as collateral.

The Drawbacks of Payday Loans

While payday loans can be helpful in certain situations, there are some potential drawbacks to consider. One significant disadvantage of payday loans is the high-interest rates and fees. The APR can be significantly higher than other types of loans. Moreover, if the borrower cannot repay the loan on time, the interest can quickly pile up, which can result in a cycle of debt and financial insecurity.

Furthermore, payday loans do not help borrowers build credit scores. Most payday lenders do not report to credit bureaus. Therefore, timely payment of the loan will not improve the borrower’s credit score.

The Regulation of Payday Loans in Vilas, Colorado

Colorado is one of the few states that regulates payday lending. The Colorado Deferred Deposit Loan Act, enacted in 2000, regulates payday loans and other types of small-dollar loans. The law requires lenders to be licensed and adhere to specific guidelines concerning loan amounts, fees, and interest rates.

Moreover, the law limits the number of loans borrowers can take out at one time and requires lenders to provide borrowers with disclosures, including the total cost of the loan and the APR.

Interesting Facts and Statistics About Payday Loans in Vilas, Colorado

  • In 2020, over 211,000 payday loans were taken out in Colorado. The total amount borrowed was over $420 million.
  • Payday lending is a $90 billion industry in the US, with more than 12 million borrowers taking out payday loans each year.
  • The average payday loan borrower takes out eight loans per year, spending $520 in interest and fees for an average loan of $375.

Apply Now and Connect with Payday Lenders in Vilas, Colorado

TheGuaranteedLoans is a reliable and trusted connector service that provides access to a network of lenders in Vilas, Colorado. We match borrowers with lenders who meet their specific needs. Our online application process is straightforward and secure. Apply today and get connected with a lender in Vilas, Colorado!

Remember, TheGuaranteedLoans is not a direct lender. We connect borrowers with lenders who may approve their loan requests. Our lenders adhere to state regulations and provide transparent and fair terms. Apply now and get the funds you need quickly and safely.

F.A.Q.

What happens if I am unable to repay my payday loan in Vilas, Colorado?

If you are unable to repay your loan, you should contact your lender immediately to discuss potential options. Failing to repay a payday loan can result in negative consequences such as credit damage or legal action.

Are payday loans regulated in Vilas, Colorado?

Yes, payday lending is regulated in Vilas, Colorado and lenders must follow certain rules and guidelines.