Payday Loans in Eastlake, Colorado

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

Company nameAddressZip codePhone number
Cardinal Financial Company, Limited Partnership 135 E Bridge St, Hotchkiss, CO 81419 +1 (970) 872 - 1071
ACE Cash Express 15034 E Mississippi Ave, Aurora, CO 80012 +1 (303) 745 - 7519
Floyd Private Money Broker LLC 2851 S Parker Rd 446, Aurora, CO 80014 +1 (720) 476 - 4056
Check Into Cash 7355 Ralston Road, Arvada, CO 80002 +1 (303) 463 - 0721
Western Union Dollar General, 612 W 1st St, Haxtun, CO 80731 +1 (970) 425 - 3442
Cornerstone Home Lending, Inc. 1271 Kelly Johnson Blvd 220, Colorado Springs, CO 80920 +1 (719) 960 - 4433
Farm Credit of Southern Colorado - Colorado Springs Lending Office 5110 Edison Ave, Colorado Springs, CO 80909 +1 (719) 570 - 1087
Paonia State Bank 128 Grand Ave, Paonia, CO 81428 +1 (970) 527 - 4122
Brookdale Brighton 2215 E Egbert St, Brighton, CO 80601 +1 (303) 637 - 9500
Premier Farm Credit 229 S 3rd St, Sterling, CO 80751 +1 (970) 522 - 2330

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Eastlake, CO, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Greeley, CO, Guaranteed Loans in Littleton, CO, Online Loans in Longmont, CO, Payday Loans in Loveland, CO, Payday Loans in Parker, CO, Payday Loans in Pueblo, CO, Payday Loans in 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 Eastlake, CO.

Are Payday Loans Legal In Eastlake, 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

Eastlake, CO payday loan calculator

Payday Loans in Eastlake, Colorado: A Comprehensive Guide

If you find yourself in a financial pinch, you may be considering a payday loan. A payday loan is a type of short-term loan that can provide you with much-needed cash to cover unexpected expenses. Payday loans are legal in Colorado, including Eastlake. However, before you apply for one, it’s essential to understand the terms and conditions of these loans.

How Do Payday Loans Work?

A payday loan is typically a small loan that you repay in full with your next paycheck. In Eastlake, Colorado, payday lenders can charge up to 20% of the loan amount as an establishment fee. The borrower can receive a loan of up to $500. The loan term must be at least six months. You can only take out one loan at a time and are not allowed to renew or refinance your loan.

If you apply for a payday loan in Eastlake, you will need to provide your identification, proof of income, and your bank account information. After you are approved for the loan, the funds will be deposited directly into your bank account. When the loan is due, the lender will withdraw the loan amount plus fees from your bank account.

Things to Consider Before Applying for a Payday Loan

Before you apply for a payday loan, it’s important to consider the following:

  • High-interest rates: Payday loans are known for their high-interest rates. In Eastlake, lenders can charge up to 45% annual percentage rate (APR) on payday loans. This means you will end up paying back much more than you borrowed.
  • Short repayment terms: Payday loans typically have a short repayment term of two weeks to one month. If you’re unable to repay the loan on time, you may be subject to additional fees and penalties.
  • Risk of debt cycle: If you’re unable to repay the payday loan, you may be tempted to take out another loan to cover the first one. This can lead to a cycle of debt that’s difficult to break.
  • Impact on credit score: Payday loans are not reported to credit bureaus. However, if you default on the loan, the lender may report the delinquency to the credit bureaus, which can negatively impact your credit score.

Interesting Facts and Statistics About Payday Loans in Eastlake, Colorado

  • Eastlake has a population of approximately 5,000 people.
  • The median household income in Eastlake is $54,375.
  • According to a survey by the Pew Charitable Trusts, 69% of Colorado payday loan borrowers use the funds to cover basic living expenses.
  • In 2019, Colorado payday lenders issued 414,284 loans, totaling over $166 million.

Apply Now

If you need a payday loan in Eastlake, Colorado, TheGuaranteedLoans can help. As a connector service, we can facilitate your connection with potential lenders who can provide you with the funds you need. Visit our website and fill out an online application today. Remember to borrow responsibly and only take out what you can afford to repay.

If you have any questions or concerns, please don’t hesitate to contact us. We’re always here to help.

F.A.Q.

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

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