Online Payday Loans in Colorado
- Easy Application Process
- Instant Loan Decision
- Direct Online Lenders
- Bad Credit / No Credit OK
- Same-Day Deposit
- Perfect for Emergencies
Advertiser Disclaimer
1F Cash Advance is a financial platform that doesn’t offer loans. We connect you to potential lenders but don’t promise you'll get approved for a loan. The terms, rates, and fees may be discussed with the lender you were approved with. We recommend getting advice from a financial expert about dealing with money struggles without risky loans. For more information, read our full Legal Disclaimer.
Payday loans are short-term loans that you have to repay within 180 days. Colorado limits the maximum interest rate you can pay to 36% which is significantly lower than in most states. 1F Cash Advance has lenient approval requirements which makes payday loans great for emergencies. We also offer installment loans as payday loan alternatives with higher borrowing limits and longer repayment terms.
How to Get an Online Loan via 1F Cash Advance
Getting a loan is simple and effective if you know exactly what to expect. Here’s a typical application process with 1F Cash Advance:
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Application
You need to submit a loan request form with your personal information such as your name, surname, your DOB, and contact details. This only takes you about 5 minutes.
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Approval
You need to submit a loan request form with your personal information such as your name, surname, your DOB, and contact details. This only takes you about 5 minutes.
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Funding
If everything looks good and you confirm the loan, it’s time to get your money. You’ll receive your cash as a direct transfer to your bank account. The process typically takes only 1 business day.
Colorado Payday Loan – Rates and Terms
Colorado is one of the states that has capped the maximum loan amount a payday lender may offer their customers. You can only apply for a payday cash advance of up to $500 maximum. The minimum loan term is six months or 180 days. State laws don’t specify a maximum loan term, leaving it to the discretion of each direct lender. There’s also a cap on the finance charges, which cannot be more than 36% of the loan amount annually.
If you need to apply for another payday loan, you will have to go through a cooling-off period of 30 days. Lenders may charge an origination fee. On top of that, a loan provider may also charge a maintenance fee of $30 maximum per month. Customers are free to pay off their loans early with no penalty.
Due to the restrictive measures adopted by Colorado authorities, residents are protected against fraud and unfair lending practices. Nonetheless, if your rights have been violated, submit a complaint with the local Consumer Financial Protection Bureau.
Eхample of a $500 Loan Cost
To get a better idea of what to expect, review the calculations below. This is an illustrative example, so your exact fees might vary.
| Amount | Period | Interest Rate | Total Interest | Amount due |
|---|---|---|---|---|
| $500 | 10 months | 10% | $23.20 | $523.20 |
| $500 | 8 months | 20% | $38.22 | $538.22 |
| $500 | 6 months | 36% | $53.79 | $553.79 |
Basic Payday Loan Eligibility Requirements
1F Cash Advance simplifies the application process and eligibility criteria to meet their clients halfway. The standard requirements include the following:
- Being at least 18 years of age;
- Having a verifiable stable income source;
- Being a US citizen or permanent resident;
- Having an active bank account (checking account);
- Owning a valid phone number and email address;
Direct lenders may have additional requirements or restrictions. In some cases, you may have to provide additional information or documents to support your application.
Can You Apply if You are Unemployed?
People who don’t have a job when applying for a payday loan might still be approved.The reason is that some lenders accept alternative income sources from people who are self-employed or receive other types of income from investments or rental property.
Why Take Out a Payday Loan?
Payday loans offer quick funding and high approval chances. So, if you require emergency cash to cover unexpected expenses, you might need one. Here are some situations when cash advances can help:
- Medical bills;
- Urgent purchases;
- Car or house repair;
- Travel expenses;
- Groceries;
- One-time utility bills or rent payment.
It’s important to note that payday loans are best used for emergencies and are not suited for long-term financial needs.
Why Choose 1F Cash Advance
There are plenty of good and bad ways to request a loan. Here’s what makes 1F Cash Advance the good option:
- Accessibility. You can apply from any convenient place and at any time. All you need is a smartphone, personal computer, or tablet with an internet connection. You don’t need to spend hours on end in long lines to get your money.
- Reliable lenders. Finding a good lender can take hours of research. At 1F Cash Advance we do that for you. All of our lenders are verified and possess all the certifications and licenses to operate in the state, so you can access offers from the top reliable loan providers in Colorado.
- Transparent terms and conditions. Loans offered through 1F Cash Advance comply with state laws and regulations. They have convenient rates and terms fully outlined in your loan agreement.
- Bad credit is not an issue. We do not pay much attention to your credit history. You will only undergo a soft credit check through alternative methods. That means your application will not impact your credit score and your rating will not affect your chances of getting a loan.
- Fast approval. Customers who apply through us receive a lender’s decision within minutes. That means you’ll quickly find out what loan option is available to you.
- Quick deposit. Payday loan lenders will transfer your money within 1 business day. If you apply before noon, you might even receive the cash on the same day.
1F Cash Advance Location in Commerce City, Colorado
Branch name: 1F Cash Advance Colorado
Address: 6045 Parkway Dr, Commerce City, CO 80022
Phone: (720) 807-1535
Email: [email protected]
Branch Manager: Doris Leonard
Hours:
Monday – Friday: 8:00 am to 10:00 pm
Saturday: 9:00 am to 6:00 pm
Sunday: Closed
Find In-Store Loans Near You
Are you struggling with an unexpected financial emergency? Visit our office in Denver or Boulder. Our branch manager will provide you with all the information you need. You can fill out your loan application on the spot. Alternatively, 1F Cash Advance offers online services in:
| Denver | Glenwood Springs | Estes Park |
| Fort Collins | Broomfield | Ouray |
| Aurora | Arvada | Northglenn |
| Greeley | Lakewood | Foxfield |
| Durango | Buena Vista | Colorado Springs |
Those outside of Colorado can also benefit from working with 1F Cash Advance. You can visit us in the following states: California, Florida, Illinois, Mississippi, Missouri, New Jersey, Tennessee, Texas, and Wisconsin.
1F Cash Advance Products and Services
We provide multiple load options to ensure each of our customers can borrow sufficient money for a convenient period of time.
Payday Loans
Payday loans allow you to get a small loan with up to 36% interest for at least 6 months. It may be a great option to cover emergency expenses and urgent financing needs. Payday loans offered by 1F Cash Advance are available with any credit and can be deposited quickly directly into your bank account.
Installment Loans
Installment loans are better suited when you need a bigger amount of money since they can provide up to $5,000. The interest rate ranges from 16% to 36% with better offers being provided to borrowers with higher income. You also have more flexibility in terms of your repayment schedule with the period ranging from 6 to 24 months.
Check Cashing
Most of our locations offer check cashing services. Visit us to get your check cashed in only a few minutes. No long lines, no complicated procedures. We accept a wide range of check types, including payroll, government and personal checks. Our terms are straightforward and transparent so you’ll never encounter any hidden fees.
Alternatives to Payday Loans in Colorado
If you do not meet the eligibility criteria, and as a result, cannot get a loan, you’re not out of options. Here are some ways you can get some cash to handle your emergency expenses:
Borrow from friends. This can be a very convenient option since you are unlikely to pay any interest. However, to ensure this loan doesn’t damage your relationship with the lender, it’s important to prepare a repayment plan even before you ask for money.
Sell unnecessary things. Visit your basement and attic and look through your old things. You might find some old furniture, toys, appliances or even collectibles. Take some photos and post these objects for sale on sites like eBay and Craigslist.
Side gigs. There are plenty of websites that will pay you for a service. They range from survey completion to freelance jobs like recording a voice-over for a video, creating a t-shirt design and taking high-quality photos for websites with stock images.
FAQ
Can I extend the term of my payday loan?
Yes, you can have one rollover for your payday loan in Colorado. Contact your direct lender as soon as you realize that you need to push the due date.
Do payday loans affect my credit score?
Loans offered through 1F Cash Advance don't involve a credit pull via major credit bureaus, so they will not appear on your report. Late payments, however, will be recorded and will stay on your credit report for up to 7 years.
Is 1F Cash Advance licensed?
1F Cash Advance only cooperates with authorized lenders who have a license to operate in the state of Colorado. Every single company is manually verified to ensure your safety.
How will I repay my payday loan?
You will be charged automatically on the due date. To avoid late payments, ensure your bank account has sufficient funds on the payment day.
What happens if I can’t repay the loan?
If you are unable to repay the loan, the lender may apply extra fees for late payments or insufficient funds and send your debt to a collection service. Collectors are likely to report to a credit bureau so your credit score will be harmed.
Can I repay my loan before the due date without penalties?
Yes, Colorado regulations allow you to repay your loan before the agreed date with no penalties.
Do I need good credit to apply for a cash advance in Colorado?
No, 1F Cash Advance will consider any applicant that meets the basic eligibility criteria regardless of their credit score. The basic requirements include being at least 18 years old and a citizen of the US as well as having stable monthly income.
How much money do no credit check loans offer?
In Colorado you can borrow up to $500 with payday loans. You are not allowed to get a second loan if your total outstanding debt exceeds $500.