Payday Loans in Colorado
- No minimum credit score required
- Quick and simple loan process
- Approval decisions in minutes
- Same-day funding options
Why Trust Us?
1F Cash Advance has been providing emergency loans since 2019. We are licensed and operate under state laws. Over 140,305 consumers have already benefited from our services, both online and in stores.
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We’re here to help you find the right payday loan to meet your urgent financial needs. 1F Cash Advance in Colorado offers small, short-term personal loans with no hard credit check, making them suitable for people with bad credit.
By applying online with us, you can receive a fast approval decision in less than an hour and get a flexible loan solution from a trusted direct lender on the same day.
How Payday Loans Work in Colorado
Unlike traditional payday loans that need to be repaid in full once you receive your next paycheck, Colorado payday loans give you at least 6 months to repay the funds. This means you can split the overall cost into affordable monthly installments, making your payments more manageable.
To be eligible for installment loans in Colorado, you need to meet the following criteria:
- Be at least 18 years old
- Have an active bank account
- Provide proof of Colorado address
- Have a valid government-issued ID
- Have an active bank account in your name
The application process can be completed online by filling out a simple application form. Once approved, you will be notified via email and can receive the funds in your bank account within 1 business day after finalizing your loan.
Are Emergency Loans Right for Me?
An emergency loan might be the right product if you have poor credit and are looking for a quick financial solution. As emergency loans in Colorado come with instant decisions, fast funding, and flexible repayment options, you can use them to meet your long-term needs or cover urgent expenses, such as:
- Medical bills
- Car repairs
- Issues with a house
- Other urgent needs that can’t wait till your next pay day
Apply for a Payday Loan at 1F Cash Advance
Both our in-store and online payday loans in Colorado have a simple application process that you can complete in 3 easy steps:
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Submit your application. It will take you just 5 minutes to fill out our 100% free online form via your phone or laptop.
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Get approved. The underwriting process is quick and involves no hard credit check, so you receive an almost instant decision.
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Receive money. Once approved, you will get your funds on the same* or next business day.
Loans approved before 10:30 am MT on weekdays are typically funded the same day. Applications submitted after 10:30 am MT or on weekends will be processed on the next business day.
Rates & Terms
The maximum amount you can borrow with a payday loan in Colorado is $500. The repayment needs to be made over at least 6 months. Under the state law, an interest rate is capped at 36%. You may be charged an origination fee of up to 20% of the first $300 loan plus 7.5% of any amount above $300. A monthly maintenance fee of up to $7.5 on each $100 increment of the amount financed may be charged.
A 6-month loan term with a representative APR of 36%:
| Advance Amount | Total Interest | Origination Fee | Monthly Maintenance Fee | Monthly Payment | Total Cost |
|---|---|---|---|---|---|
| $100 | $10.76 | $20 | – | $18.46 | $130.76 |
| $350 | $32.28 | $63.75 | $22.5 | $74.34 | $581.03 |
| $500 | $53.79 | $75 | $30 | $104.8 | $808.79 |
Find 1F Cash Advance in Colorado
1F Cash Advance is here to deliver a unique borrowing experience to all Colorado residents who find themselves in need of fast cash. Visit one of our stores and get professional and personalized assistance from our dedicated team.
Why 1F Cash Advance?
1F Cash Advance helps borrowers with any credit gain quick access to the money they need when they need it most. Here’s how we stand out.
Quick & easy process
You can complete the entire process in just 5 minutes with no paperwork, no faxing, and no hard credit checks.
Same-day funding
Our loans can meet your urgent money needs due to fast approval times and money transfers. Borrowers who finalized their loans early in the morning receive their funds on the same day.
Safe borrowing
When working with us, you deal with a licensed company that follows all the state laws and regulations and carefully protects your personal and financial information.
What Our Customers Say
exceptional service
had a really good time at 1f cash Advance explained everything to me in a way I understood also gave me some awesome tips on managing loans that I never wouldve thought of myself and just exceptional service!
expected getting a loan to be tiring
expected getting a loan to be tiring, but Dove made it smooth and stress-less and their chill attitude and expertise made a difference she even shared practical ideas on budgeting and staying on top of payments.
Taking this loan out went way smoother…
Taking this loan out went way smoother than I thought managers weren’t just professional but also pretty friendly, which made the whole thing less nerve-wracking their advice on handling the payments and keeping my credit solid was useful too. Its cool to see a finance place act like real people for a change!
recommend
if your looking to get a loan, I’d recommend going to check this place out for sure. The folks there are friendlier than your cousin Jed, and they’ll give you real solid advice on budgeting and dealing with debt that makes sense. They turned what couldve been a real stressful thing into a nice casual chat between friends
I’m very happy.
Their customer service really stood out. I had a question about repayment terms, and they explained everything in detail without making me feel pressured. I’m very happy with my experience.
FAQ
What are alternatives to payday loans in Colorado?
If you are looking for a higher amount with more time to repay the funds, our installment loans allow you to borrow up to $5,000 for a maximum period of 24 months. For people who want to finance ongoing needs, lines of credit may be a great option. Borrowers with good credit who need a significant amount for a major purchase or life project can also apply for a personal loan.
Can I get a payday loan with bad credit?
At 1F Cash Advance, we set no minimum credit score requirements. We assess your overall financial situation and look at your ability to repay rather than your credit score.
How fast will I receive my loan funds?
On average, borrowers get their money within 1 business day of approval. Same-day funding is possible for loans originated before 10:30 am on weekdays.
What is the minimum and maximum amount I can borrow?
The minimum sum you can get is not specified. The maximum amount you can borrow is $500, depending on your income.
How will I repay my loan?
The repayment is made automatically via an ACH payment. The due amount will be electronically withdrawn from your bank account on the maturity date.
How can I get a Colorado payday loan with the best interest rate?
In Colorado, payday loan APR is capped at 36% under the state law. If you want to qualify for the lowest possible interest rate, you need to demonstrate good credit and a steady income that is high enough to repay the requested amount.
Can I reduce the loan cost while repaying it?
You can keep your loan cost down by repaying your loan early. This option comes with no penalties under Colorado law.