Payday Loans in Hillside, Colorado

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

Company nameAddressZip codePhone number
Direct Payday Loans 4785 Barnes Rd, G1, Colorado Springs, CO 80917 +1 (719) 298 - 3316
Tom Sisneros, NMLS 1622879 - Security Service Federal Credit Union 1617 Hwy. 50 W, Ste. 140, Pueblo, CO 81008 +1 (800) 525 - 9570
ACE Cash Express 3645 S College Ave UNIT 7, Fort Collins, CO 80525 +1 (970) 266 - 1092
American National Insurance Company - District Office 503 N Main St 224, Pueblo, CO 81003 +1 (719) 543 - 3812
Megan Gallagher Fairway Independent Mortgage Corporation Loan Officer 6215 Corporate Dr Suite 200, Colorado Springs, CO 80919 +1 (575) 770 - 9883
Jackson Hewitt Tax Service 2921 Toupal Dr, Trinidad, CO 81082 +1 (505) 268 - 2222
Vectra Bank Residential Lndng 801 Grand Ave, Glenwood Springs, CO 81601 +1 (970) 384 - 2322
First Southwest Bank 3333 Clark St, Alamosa, CO 81101 +1 (719) 587 - 4540
Bank of Estes Park 501 St Vrain Ln UNIT 100, Estes Park, CO 80517 +1 (970) 577 - 1234
Mister Money 211 E Colorado Ave, Colorado Springs, CO 80903 +1 (719) 634 - 3163

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Hillside, CO, you can try to find different companies in big cities near by. Check out the following pages here: Short-term Loans in Broomfield, CO, Payday Loans in Castle Rock, CO, Payday Loans in Colorado Springs, CO, Payday Loans in Commerce City, CO, Payday Loans in Denver, CO, Payday Loans in Englewood, CO, Same Day Loans in Fort Collins, CO and No Credit Check Loans in Grand Junction, 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 Hillside, CO.

Are Payday Loans Legal In Hillside, 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

Hillside, CO payday loan calculator

Payday Loans in Hillside, Colorado: A Comprehensive Guide

If you are looking for short-term financial relief when you are broke, payday loans may seem like a great option. Payday loans are a type of short-term loan where you borrow a small amount of money with the agreement to pay it back when you receive your next paycheck. Payday loans are massively popular in Hillside, Colorado, and other cities across the state where they are legal.

However, before you take out a payday loan, it is important to understand the advantages and disadvantages of this type of loan. In this guide, we will explain how payday loans work and what you need to consider before you take one out.

How Payday Loans Work in Hillside, Colorado

Payday loans are available in Colorado and can be obtained online or in-store. You can borrow up to $500 at a time and the repayment term can be anywhere from 7-31 days. Most payday lenders in Hillside will require that you provide a post-dated check or allow for electronic debit from your bank account with the amount of the loan plus fees and interest added to the total amount.

The cost of a payday loan in Hillside is determined by the lender and depends on the amount borrowed. The maximum finance charge allowed by Colorado law is 20% of the first $300 borrowed, with an additional 7.5% fee on any amount above $300 and up to $500. This means that the APR for a $100 payday loan in Hillside is 45.00%.

The Pros and Cons of Payday Loans

Like any other type of financial product, payday loans have advantages and disadvantages that you need to consider before deciding whether to take one out.

Pros

  • Payday loans are easily accessible, and the application process is simple and streamlined.
  • Payday loans can be disbursed quickly, often within the same business day, providing the borrower with immediate financial relief.
  • Payday loans can help you avoid late payment fees, overdraft fees, and other penalties for not paying bills on time.

Cons

  • Payday loans charge high fees and interest rates, making them expensive for borrowers.
  • Payday loans trap borrowers in a cycle of debt, making it difficult to pay off the loan and get back on track.
  • Payday loans can negatively impact your credit score if you are unable to repay the loan on time.

Interesting Facts and Statistics About Payday Loans in Hillside, Colorado

  • A recent study found that the average APR for payday loans in Colorado is 129%, making them one of the most expensive types of loans available.
  • In 2019, the number of payday loan borrowers in Colorado was around 500,000.
  • Colorado law limits the maximum loan amount to $500, however, this amount can be increased by taking out multiple loans from different lenders.

Apply Now

If you need a payday loan in Hillside, Colorado, connect with potential lenders through TheGuaranteedLoans. We are a connector service that can link you to lenders who may be able to meet your financial needs. Remember, we are not a direct lender and do not make credit decisions. Our service is free to use, and we connect borrowers with lenders who offer competitive rates and flexible repayment terms.

Fill out our online application form and connect with a lender today!

Conclusion

If you are considering a payday loan in Hillside, Colorado, it is important to weigh the pros and cons carefully and make an informed decision. While payday loans may provide immediate financial relief, they can be expensive and trap you in a cycle of debt.

Always remember to read the loan terms carefully, understand the fees and interest rates, and make sure you can repay the loan on time. If you have any questions about payday loans or need help finding a lender, contact TheGuaranteedLoans today!

F.A.Q.

How long do I have to repay a payday loan in Hillside, Colorado?

in Hillside, Colorado, payday loans must be repaid within six months, including any fees and interest.

What are the fees associated with payday loans in Hillside, Colorado?

in Hillside, Colorado, payday lenders are allowed to charge up to 20% of the loan amount as a finance charge and an additional 7.5% as a verification fee.