Payday Loans in Watkins, Colorado

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

Company nameAddressZip codePhone number
Colorado Bank & Trust 23051 US-50 BUS, Pueblo, CO 81006 +1 (719) 546 - 2268
Cornerstone Home Lending, Inc. NMLS 404508 1150A Main Ave, Durango, CO 81301 +1 (505) 258 - 9381
First National Bank of La Junta 402 Colorado Ave, La Junta, CO 81050 +1 (719) 384 - 4433
City Cash 204 W Main St, Florence, CO 81226 +1 (719) 372 - 1000
ACE Cash Express 518 West Ave, Alamosa, CO 81101 +1 (719) 587 - 4038
Jumping Jack Cash 9700 E Colfax Ave, Aurora, CO 80010 +1 (303) 360 - 0566
Affiliated Lending Group 190 E 9th Ave 540, Denver, CO 80203 +1 (303) 777 - 1591
Sluders Auto Pawn 2630 W Pueblo Blvd A, Pueblo, CO 81004 +1 (719) 564 - 5215
Security Capital Funding Corporation 3535 S Sherman St, Englewood, CO 80113 +1 (303) 761 - 7733
Andiamo Mortgage Group 600 Main Ave 105, Durango, CO 81301 +1 (970) 385 - 2345

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Watkins, CO, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Parker, CO, Online Loans in Pueblo, CO, Payday Loans in Westminster, CO, Quick Loan in Wheat Ridge, CO, Same Day Loans in Arvada, CO, 24-Hour Loan in Aurora, CO, Payday Loans in Boulder, CO and Bad Credit Loans in Brighton, 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 Watkins, CO.

Beautiful sights of Watkins, CO

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

80137

Are Payday Loans Legal In Watkins, 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

Watkins, CO payday loan calculator

Payday Loans in Watkins, Colorado

When unexpected financial emergencies arise, payday loans can be a helpful option to consider. These short-term loans are meant to provide quick access to cash with minimal requirements, making them ideal for people in need of fast funding. Payday loans in Watkins, Colorado are legal and regulated, providing a safe option for those looking for financial assistance.

How Do Payday Loans Work?

In Colorado, payday loans can be taken out for a maximum duration of 6 months, although most lenders allow for loans of 30 days or less. Borrowers can typically take out loans for up to $500, with no minimum loan amount specified. The borrower must provide evidence of steady income and a valid government-issued ID. Once approved, the funds are typically transferred to the borrower’s bank account on the next business day.

Benefits of Payday Loans

  • Quick access to cash: The application process is typically simple and fast, which means borrowers can receive funds quickly.
  • No credit check required: Payday lenders do not typically consider credit scores when reviewing applications, making them a viable option for those with poor credit scores or no credit at all.
  • Minimal requirements: Unlike traditional bank loans, payday loans have minimal requirements. Borrowers must have a steady income and a valid government-issued ID, making these loans accessible to a wide range of individuals.
  • Regulated: Payday loans in Watkins, Colorado are regulated and must adhere to strict guidelines to ensure borrower protection.

Interest Rates and Fees

The interest rates for payday loans in Watkins, Colorado are regulated by the state. The maximum interest rate that lenders can charge is 45%. This means that for a $100 loan, the maximum interest charged would be $45, and the total amount owed would be $145. Lenders may also charge fees, which are regulated as follows:

  • Origination fee: This fee cannot exceed 20% of the first $300 borrowed, plus 7.5% of any amount borrowed above $300.
  • Maintenance fee: This fee cannot exceed $7.50 per $100 borrowed, up to a maximum of $30 per month.
  • Non-sufficient funds (NSF) fee: This fee cannot exceed $25 per occurrence.

Apply Now

TheGuaranteedLoans is a connector service, providing access to potential lenders for those seeking payday loans. To apply for a payday loan in Watkins, Colorado, simply fill out an online application on our website. We will connect you with lenders who can provide assistance based on your requirements and qualifications. Remember, TheGuaranteedLoans is not a direct lender, but rather a service that connects borrowers with potential lenders.

Interesting Facts and Statistics about Payday Loans in Watkins, Colorado

  • The average payday loan amount in Colorado is $392.
  • There are approximately 494 payday lenders operating in Colorado.
  • Colorado has some of the strictest regulations in the country regarding payday loans, with interest rates capped at 45%.
  • In 2020, Colorado borrowers took out 266,863 payday loans, totaling approximately $466 million in loan volume.

In conclusion, payday loans in Watkins, Colorado offer a viable option for those in need of quick cash. While these loans come with high interest rates and fees, they are regulated to ensure borrower protection. When considering a payday loan, it’s important to review the terms and conditions of the loan and ensure that the repayment terms fit within your financial capabilities. Apply now on TheGuaranteedLoans website to be connected with potential lenders who can assist with your financial needs.

F.A.Q.

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

Yes, Colorado law has certain protections in place for payday loan borrowers, such as a limit on the number of loans that can be taken out in a year and a cooling-off period between loans.

How do I find a reputable payday loan lender in Watkins, Colorado?

It is important to research and compare payday loan lenders before choosing one. Look for lenders with a valid state license, clear terms and fees, and a good reputation with the Better Business Bureau. It is also a good idea to read reviews from other customers.