We’re a broker not a lender, but we’ll still make sure that the loan is affordable. Even if you don’t have a perfect credit history and have bad credit, we’ll try to help.
Apply for the Best Payday Loans in Colorado and Denver
On an assumed loan amount of $750 over 12 months. Rate of interest 292% (fixed). Representative 171%APR. Total repayment amount $1351.20 and total interest is $601.20. 12 monthly payment of $112.60.*
How To Apply For Payday Loans in Colorado With Finger Finance
Step 1 – Apply Online
Step 2 – Await a Decision
We only work with reputable lenders, so we know they are lending responsibly. We’ll search our panel of lenders to find the right loan for you. After submitting your application, let us do the work.
Step 3 – Receive Money Today!
We offer soft search loans that will check the basis of your credit record but not leave any visible footprint. You could receive your Colorado payday loan on the same day.
How Does Finger Finance Work With Lenders in Colorado?
Finding the Right Lender
Finger Finance will only ever work with trusted lenders who conduct responsible practice. Every time you put in an application we analyze our panel of lenders and find the right loan for you.
Only Soft Credit Checks
All Finger Finance loan applications are soft search, meaning that we will look at your background on the basis of your credit record. We will never leave any visible footprint on your credit report through our search.
Finger Finance is a broker, not a direct lender. Even if you have an imperfect credit history, we will always try to help you.
Are There Any Regulations for Payday Loans in Colorado?
|Are Payday Loans Legal?||Yes|
|Interest Rate (APR)||36% maximum (same as for most credit cards)|
|Minimum Loan Amount||Not specified|
|Maximum Loan Amount||$500|
|Minimum Loan Term||6 months (180 days)|
|Maximum Loan Term||Not specified|
|No. of Rollovers Allowed||1|
|Finance Charges||No more than 36% of the loan|
Am I Eligible for a Payday Loan in Colorado?
In order to qualify for a loan from Finger Finance in Colorado you must meet the following:
- Be at least 18 years of age or older
- Be a U.S. resident
- Have a cell phone
- Have a checking account
- Have a consistent income and be earning at least $800 per month
Does it Matter if I Have a Poor Credit Score?
No, you can still get a payday loan in Colorado with a poor credit history.
Finger Finance are willing to accept all credit histories, including poor credit. A poor credit score will not stop you from getting a payday loan.
How Much Does a $500 Payday Loan Cost in Colorado?
If you were to take out a 6-month installment payday loan in Colorado for $500 you would pay back a total of $726.39.
This is assuming you borrow the maximum amount ($500), for the maximum time period (6 months) and get the maximum finance charges (36% of the loan).
The repayment of $726.39 is made up of $46.39 in interest, $180 in finance charges, and paying back the $500 principal cost. This would mean you would pay 6 equal repayments of $121.
Why is the APR for Payday Loans so High in Colorado?
The APR for payday loans is high across all states because payday loans operate on a short-term basis and are considered by lenders to be high risk.
This is because payday loans are usually unsecured, offered to customers with any type of credit history, short-term, and not usually repaid in the first instance.
Where Can I Find Payday Loans in Colorado?
You can apply online through Finger Finance to receive a payday loan in the following cities within Colorado below:
Why Choose Finger Finance?
- Easy online enquiry process
- Borrow anywhere from $100 – $5,000
- Get the money in one lump sum on the day you enquire
- Get an instant decision online
- Repay early anytime to save money
- Enquiring is free and doesn’t affect your credit score
How Do I Repay My Payday Loan?
If you are taking out a short-term loan between 2 to 4 weeks, you will repay your loan in one final repayment at the end of the loan. Whereas, if you have chosen a longer-term loan, which we offer up to 5 years, then you will repay your loan in equal instalments every month. With Finger Finance you can also repay early at anytime to save money on the interest on your loan.
Are There Any Upfront Costs?
Finger Finance will not charge you any upfront costs. Instead, we take a fee or commission from the lender if your application is approved and successful. The lenders will charge a daily or monthly interest if your loan is active and this will be presented to you in writing before you proceed.
Can I Receive the Loan on the Same Day of Application?
Yes, you can receive a loan on the same day on application. If you are approved, you could have access to the funds in as little as an hour.
What is the Maximum Amount I Can Borrow in Colorado?
Payday loan amounts range from $100 to $35,000 although the state law in Colorado prohibits loans of over $500.
Is Finger Finance a Direct Lender or Broker?
Finger Finance is a payday loan broker. This means that we will not pay you the funds directly but will instead work with our panel of lenders to get you the best possible rates in Colorado. We will pass your details on to the lender that is best suited to your circumstances.