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US Cash Advance is a direct payday lender serving Colorado residents, including Denver, Colorado Springs, and Aurora. Apply online in minutes for a payday loan up to $500, with a decision the same business day.
Colorado payday loans at a glance: Payday loans are legal in Colorado and regulated by the Colorado Uniform Consumer Credit Code under Colo. Rev. Stat. § 5-3.1-101 - 5-3.1-123. Rollovers are prohibited, and lenders must disclose the full APR and due date before you sign.
Rules current as of August 2026.
Governing law: Colo. Rev. Stat. § 5-3.1-101 - 5-3.1-123
The maximum annual percentage rate (APR) for payday loans in Colorado is capped at 36% as per Proposition 111. The maximum loan amount is $500, and lenders must be licensed according to Colo. Rev. Stat. § 5-3.1-116. Rollovers are not allowed under § 5-3.1-108.
| Loan Amount | Term | APR (est.) | Fee / Interest | Total Due |
|---|---|---|---|---|
| $100 | 30 days | 36% | $3 | $103 |
| $300 | 30 days | 36% | $9 | $309 |
| $500 | 30 days | 36% | $15 | $515 |
Colorado caps payday loan APR at 36% with no additional fees allowed, as per Proposition 111. The lender must show you the exact APR before signing.
Colorado residents should be aware that payday loans are capped at a 36% APR, with a maximum loan amount of $500. Licensing is required for lenders, ensuring compliance with state regulations.
Consumers in Colorado are protected by regulations prohibiting rollovers of payday loans, as stated in § 5-3.1-108. Lenders must be licensed, and consumers can verify licenses through the Colorado Department of Law. For complaints, consumers can refer to the Colorado Attorney General's office.
Complaint Agency: Colorado Attorney General's Office (303-866-4500) (File a complaint)
Verify Lender License: https://law.justia.com/codes/colorado/title-5/article-3-1/
Rollover policy for Colorado: no. Before rolling over or renewing a payday loan, contact your lender to understand any additional fees and your total repayment obligation.
| Federal Protection | What It Means | Who It Covers |
|---|---|---|
| CFPB Payday Rule | The CFPB issued a regulation adopting a two-strikes-and-you’re-out rule for covered lenders. Under that rule, after two tries to withdraw money from a borrower’s account have failed, covered lenders can’t try again unless the borrower specifically authorizes another attempt. | All states |
| Military Lending Act (MLA) | 36% MAPR cap. The Military Lending Act (MLA) limits the amount a creditor may charge, including interest, fees, and charges imposed for credit insurance, debt cancellation and suspension, and other credit-related ancillary products sold in connection with the transaction. The total charge, as expressed through an annualized rate referred to as the Military Annual Percentage Rate (MAPR), may not exceed 36 percent. | Active-duty service members |
| Electronic Fund Transfer Act (EFTA) | A lender cannot require you to repay by automatic bank (ACH) debit as a condition of getting the loan. You may choose another way to pay. | All states |
CFPB rule source: https://www.consumerfinance.gov/payday-rule/
Yes. Payday lending is legal in Colorado, regulated under Colo. Rev. Stat. § 5-3.1-101 - 5-3.1-123. Licensed lenders must follow the state's limits on loan amounts, terms, and fees, and disclose the full APR and due date before you sign. Confirm a lender is state-licensed before you borrow.
In Colorado, the maximum payday loan APR is 36% under Colo. Rev. Stat. § 5-3.1-101 - 5-3.1-123. This is the annual percentage rate a licensed lender may charge; your actual cost depends on the loan amount and term. The lender must disclose the exact APR and fees in your agreement before you sign.
In Colorado, the maximum payday loan amount is $500 under Colo. Rev. Stat. § 5-3.1-101 - 5-3.1-123. Some lenders approve less than the state maximum based on your income and their own limits. Borrow only what you can repay by the due date, since fees apply to the full amount.
No. In Colorado, payday loan rollovers are not allowed under Colo. Rev. Stat. § 5-3.1-101 - 5-3.1-123. You cannot extend the loan by paying only the fee and pushing back the due date, a practice that fuels long-term debt. If you cannot repay on time, ask the lender about an extended payment plan.
Explore the full US Cash Advance suite of short-term lending options: Payday Loans, Cash Advance, Bad Credit Loans, Same Day Loans, Debt Consolidation, or find a location near you in our Colorado Locations Directory.