Payday Loans Colorado | 5 Best Loans in Colorado (Title & Payday)

We’ve all been there — a time when you find yourself in a pressing situation that you need a rapid cash injection into your bank account. A medical emergency, unexpected high bills, car trouble, payments to avoid late fees. You’ll get into plenty of situations that will put you in need of emergency cash.

If you have a less-than-excellent credit history, you’ll find personal loan alternatives limited. However, that doesn’t mean you’re out of options to go for.

There are payday loans in Colorado — short-term credits where the lender extends interest rates based on your income. Payday loans are high-cost loans of $5000 or less, which are usually due the following payday. Some payday lenders in Colorado are willing to lend small amounts regardless of your credit scores upon qualifying certain eligibility standards.

A payday loan can befit urgent financial needs because it doesn’t rely on your credit score and provides quick approvals.

#1 Colorado Payday Loans in 2021 – Viva Payday Loans

Best 5 Online Payday Loans Colorado – Quick Pick

Traditional lenders often reject high-risk applications when you have a bad credit score. When that’s the case, you can rely on payday companies when you need quick cash.

However, not all payday companies are reliable.

Among hundreds of options to choose from, you might wonder which company offers quality services. For that reason, we scrape the world of payday loans, focusing only on platforms that offer fast, no credit checks, and no guarantor payday loans.

Here’s are the top 5 options we found:

  1. Viva Payday Loans – Best Overall For Bad Credit Payday Loans Online. Visit now.
  2. Credit Clock – Best for no credit check Instant Approval Payday Loans. Visit now.
  3. Money Lender Squad – Best no credit check with no guarantors. Visit now.
  4. Very Merry Loans – Online no credit check with instant decisions. Visit now.
  5. Heart Paydays – Best no credit check payday loan without any phone calls. Visit now.

More about these platforms later, but first, what are payday loans?

What are Payday Loans Colorado — No Checks?

A payday loan is a short-term unsecured loan where the lender loans and charges interest rates depending on your income. These loans usually have high annual rates or APRs, and their payment is usually due around your upcoming payday.

In Colorado, you can access a payday loan online or at a payday lender’s physical address. Colorado’s payday loan regulation restricts the amount one may borrow to $500, with a minimum loan term of 6 months.

What’s more, the maximum interest rate any payday lender can charge in the state of Colorado is 36%.

According to Colorado laws, personal lenders who provide payday loans online with no credit check and offer instant approval are also payday lenders. These lenders require no guarantor, no credit checks, or bank statements.

All you need is to fill out a basic and simple credit application that takes some minutes to get approved.

Common Uses of Payday Loans in Colorado

There are a gazillion ways people use payday loans. Most often, people use payday loans to cover unexpected expenses and when they need money fast. Some of these uses include:

Compensation for Unexpected Decrease in Income

Unemployment is financially and emotionally stressful. At a certain point, people find themselves scraping the money together to make their ends meet. In such situations, a payday loan can be appealing because:

  • It gets you the money you need with no delays
  • It lets you continue living your previous lifestyle before you lose your job
  • It relieves you of the psychological stress

While people who have lost their job may try to cut back as many spending areas as possible, it might reach a point where they can’t cut back anymore, and their option might be a quick financing option like the payday option.

Debt Consolidation

Many payday loan users use the money to cancel out other debts. They either use it to pay off loans from another company or debt from another source such as credit cards.

It might make sense to take out a payday loan for debt consolidation when the interest on the payday loan is less than what the person owes the other debt.

Pay for Holidays

During Christmas and the festive seasons, most parents become desperate and struggle to buy everything for their children.

People choose payday loans because they get the money they need for Christmas and then pay back what they owe in the new year after they’ve made some money. Other holidays can be a problem too, but Christmas is the bigger issue.

Pay off Unexpected or High Bills

One common reason why people use a payday loan is to pay high bills. Hot summers and cold winters can contribute to a high bill because cooling and heating appliances people use to encounter the weather changes increase energy bills.

It isn’t unusual to expect high electric or gas bills in the mail. When that happens, many people will run to a guaranteed fast loan that they can pay on their next payday.

To Repay for Mortgage

Falling behind on mortgage repayments makes people panic because it makes the mortgage company think they can’t afford the home.

The mortgage company may then take action against you, especially if you continue to deliver late payments. Many will go for a payday loan to repay a mortgage loan.

Carter for a Medical Emergency

Suppose you don’t have health insurance — a medical emergency will always be a huge expense. Medical expenses can range between two thousand, up to a couple hundred thousand, depending on the type of treatment that you need.

If you don’t pay the medical bill straight away, it builds interest like any other debt.

Medical issues are certainly one of the main reasons many use payday loans or short-term loans.

Pay Overdraft

It’s frightening when you check the bank account that you overdrew. The bank might charge you with an overdraft, and that’s always worth avoiding because of the interest level they attract.

While a person can cancel an overdraft to ensure it’s impossible to overdraw, people run for payday loans for help.

Pay Unexpected Debt

Everyone likes to think that he will never end up in debt. However, no debt is mostly unexpected. If your loved one dies, and they‘re in debt, you can inherit that debt. You might want to pay it off as quickly as possible, and there isn’t an easy way out of such situations.

Many people use instant loans for help.

How to Qualify for Payday Loans With Instant Approval in 1 Hour (Eligibility Criteria)

According to the laws of Colorado, to qualify for a loan, most payday lenders only require that borrowers:

  • Have a minimum of 18 years of age
  • Have an active checking account
  • Provide some proof of income
  • Have a valid identification

To get a Payday Loan in Colorado, start by filling out the quick and easy application online or at the nearest physical store,

Direct lenders can approve your loan instantly. In most cases, the person borrowing writes a check for the loan plus the lending fee, and the lender holds on to the check until the predetermined due date.

Most payday loans extend for just a few weeks. When due, the borrower either pays off the loan or allows lenders to cash the post-dated check or otherwise make a withdrawal from the borrower’s account.

5 Best No Credit Check Payday Loans in Colorado – Fully Reviewed

1. Viva Payday Loans – Best Payday Loan in Colorado Online

offers Payday loans of up to $5000 with a repayment period of 2-24 months. The lender operates nationwide and is known for quick approval within even 2 minutes.

The platform offers loans for all kinds of bad credit borrowers who need quick cash through a legitimate source. All an eligible borrower needs is to fill up and submit an application from the broker’s website, which the system will quickly check and then share with reputable lenders to approve the loan.

As a borrower, you’ll need to stick to the rules of the loan broker and share some personal information like proof of residence, bank statements, proof of income, and other verifiable details.

Lender Loan Amount Range APR Rate Range Loan Term Range Fees Star Rating
LendUp $100 – $500 30% – 180% 2-24 Months None 10/10
Rise Credit $500 – $5000 50% – 299% 2 to 24 months None 10/10


  • The platform provides the same-day turnaround time
  • Easy application – normally takes minutes to complete
  • Loan approval takes two minutes
  • Offers loans even for bad credit applicants
  • Requires no collateral


  • It isn’t a direct lender

Viva Payday Loans is an excellent option when you need to find a quick competitive loan deal. The platform works with all credit scores, has an easy application process, and quick loan approval.

2. Credit Clock – Best Options for No Guarantors

is a reputable name in the payday loans industry as a trustworthy short-term loans broker.

What makes Credit Clock stand out? It accepts applicants with bad credit scores, requires no guarantors, and approves loans quickly.

Unlike Viva Payday Loans, this platform loan ranges from $200 to $ 5000 without a credit check. Its application and approval procedure is pretty fast. All you need is to meet the minimum earning requirements on the Credit Clock website.

The only caveat is that only American citizens with permanent addresses can utilize this loan provider.

Lender Loan Amount Range APR Rate Range Loan Term Range Star Rating
OppsLoans $500 – $4,000 Varies 9-18 Months 10/10
GreenDay $100 – $5,000 5.99% – 35.99% 24 Months 9/10


  • Quick loan approval — literally takes a couple of minutes
  • Same day payout — disbursement happens within 24 hours
  • Legal and safe in the state of Colorado


  • To be eligible, you must be earning over $1000 a month

Credit Clock has a reputation that you can rely on when you need to borrow up to $5,000. The only problem is that the platform isn’t for you if you earn less than $1000.

3. Money Lender Squad — Best No Credit Check with No Guarantors

is another instant loan platform that excels in low APR with no guarantors in Colorado. It offers instant approval of installment loans with interest rates ranging from 36% to over 400%.

On their website, you’ll find a simple application form that you fill in a few minutes. After filling in your details, hit the submit button, and the automated system will find an appropriate lender and come up with results in a few minutes.

Lender Loan Amount Range APR Rate Range Loan Term Range Fees Star Rating
LendUp $100 – $500 30% – 180% 2-24 Months None 10/10
Rise Credit $500 – $5000 50% – 299% 2 to 24 months None 10/10


  • Offers extended loan terms
  • The online application system is fast, easy, and reliable
  • You’ll need no guarantor


  • A low credit score attracts a high-interest rate because they decide the loan rates after checking the credit score.

Money Lender Squad requires no guarantor, which means the process of getting the loan approved is quite fast. You get your payday loan in less than 24 hours.

4. Very Merry Loans – Best for Same Day Payout Loan

Very Merry Loans offer a unique platform that helps borrowers find and connect with some of the leading lenders in the United States. It helps people get quick loans even when they have bad debts.

What makes it unique is that eligible borrowers enjoy instant approval of online loans that take minutes to approve and an hour of disbursement. Its operating principle is simple and works with several well-known lenders within the sector.

The loan amount one can get ranges from $200 to $5000, giving the borrower a chance to match his financial need with the amount to borrow. One can pay from 7 to 31 days for ($200) and 2-24 months for long-term loans.

Lender Loan Amount Range APR Rate Range Loan Term Range Star Rating
CashNet USA $500 – $1,000 5.99% – 35.99% 8-31 Days 9/10


  • You’re eligible even with bad credit or zero credit
  • They offer long term loans
  • Approve loans fast


  • It isn’t a direct lender and thus shares your data with third parties

Very Mery Loans is a credit brokerage service provider links borrowers and lenders, giving borrower access to quick payday loans from $200 – $5000 with flexible repayment terms. Its instant approval nature makes it an excellent platform for fast loans.

5. Heart Paydays – Best for 100 Dollar Payday Loans With Fast Approval

If you need to cover a large expense but don’t quite have enough money, Heart Paydays may be your solution. This platform allows even the busiest borrower to get instant loans only, even if you have bad credit.

Since other loan institutions and banks don’t lend to persons with poor credit scores, Heart Paydays presents an opportunity to borrow from $200 to $2000, which you should pay within 60 days.

Your loan application and disbursement will take approximately an hour.

Lender Loan Amount Range APR Rate Range Fees Loan Term Range Star Rating
Heart Paydays $100 – $5,000 Varies $17 – $50 2-13 Months 10/10
ACE Cash $200 – $2000 Varies 3% 7 – 30 days 9/10


  • Easy application that only takes some minutes
  • You can apply even with a bad credit score
  • You get the loan within 1 hour of application
  • You get the lowest rates for short term loans


  • Long term loans attract high interest rates

The appeal of getting a payday loan through Heart Paydays is its quick access and low interest for short-term loans. It’s an excellent choice if you’re looking for a payday loan without phone calls.

Features of Payday Loans Colorado

Unlike the typical loans from bank and money lending institutions, payday loans have distinct characteristics, which entail:

Fewer Requirements

All you need to get payday loans online is to log into the lender’s website, fill a form, upload your latest payslip or bank statement, ID proof, and address proof to apply, and you get instant approval.

Quick Borrowing Decision

Unlike a typical loan that requires a borrower to wait for days or weeks for their loan approval, most payday lenders have an online system. These systems give an almost instantaneous response to credit card applications. Most time, it’s usually a matter of minutes, and you get the amount you were borrowing.

Easy to Apply

What makes payday loans stand out is accessibility.

Many lenders disburse funds within 24 hours, which the world of loans refers to as instant approval loans.

What’s more, most payday platforms work 24/7/365, giving them an edge over traditional loans that you can apply only during works days.

No Credit Check

Lenders of payday loans do not check borrowers’ credit backgrounds. As a result, you won’t have any hard credit inquiries. Instead, they may ask for your most recent payslip or bank statement to decide if they’ll offer a loan to you.

Flexible loan Amount

Most online payday loans provide rapid cash loans from $100 to $5,000 to address different needs of the borrowers. Broker platforms connect a user with an appropriate lender that can accommodate their specific loan application.

However, you should only borrow per your requirements because it’s tempting to request the maximum amount you can get.

Types of Payday Loans Colorado

There are plenty of payday loans in Colorado, depending on their features, how you get them, and who’s issuing them. Let’s quickly explore the most common types.

No Credit Check Payday Loans

These are amounts of money a lender loans out without considering the borrower’s previous credit history.

These loans usually tend for emergency expenses.

Get a no credit check payday loan here >

Bad Credit Loans

Bad credit loan targets people with a bad credit report or those with little to no credit history.

Get a bad credit payday loan here >

Direct Lender Payday Loans

In this type of payday loan, the lender pays directly to the applicant without going through a middleman. Instead, the lenders review the application themselves before approving the loan amount.

Get a direct lenders payday loan here >

Same Day Deposit Loans

Same day deposit payday loan that the lender approves or directly disburses on the same business day. It’s excellent to cover short-term financial emergencies until your next check.

Get a same day payday loan here >

Unemployed Loans

Unemployed payday loans target people with unstable jobs or sources of income. As a result, the credit terms, interest rates, and other features are different from what lenders offer to people with regular income.

Get a unemployed payday loan here >

SSI Benefits Payday Loans

Some lenders may treat social security income (SSI) benefits like salary and give payday loans. For that reason, lenders will issue

people receiving SSI a payday loan, which they pay the next time they receive the income.

Get a SSI benefits payday loan here >

Payday Loans vs. Title Loans

Payday loans share some similar characteristics but are different in rates and how you borrow.

Title loans typically offer lower interest rates than payday loans. Title loan lenders usually allow you to borrow up to 50% of the car value, while payday lenders let you borrow a few hundred dollars.

Advantages of Payday Loans Online No Credit Check

  • Easy terms: When you compare to a typical bank loan, online payday loans are far easier to understand
  • Quick Approval: Once you’re eligible, the wait-time is relatively low for loan approval, even if you’ve bad credit.
  • Connect With Lenders: Applying online using a broker platform connects you directly to a huge database of lenders, who examine your application and decide whether to approve your request.

Disadvantages of Online Payday Loans No Credit Check

  • High interest: Payday loans are the most expensive type, with lenders applying up to 1500% APR. Only take them if you have no alternative.

How to Get Online Payday Loans in Colorado

Payday loans Colorado is accessible in person or online. Lenders like Viva Payday Loans can get a loan of up to $500 for 3 to 6 months with instant 1-hour funding if your application goes through.

However, how do you go about it?

Step 1: Visit Viva Payday Loans

Head over to a reputable loan-finding service like Viva Payday Loans.

Step 2: Complete The Application Form

Fill in the application form – choosing the amount you want and the payback duration. You’ll need to submit additional information to comply with the eligibility standards for approval.

Step3: Get Your Decision

After completing the form, the system will notify you within two minutes if your borrowing is possible or not. Regardless of your credit score, the system will quickly match you to a third-party independent lender.

Step4: Receive Your Loan

Most payday loans are available as soon as the following business day.

Request Your Payday Loan at our Top Rated Provider – Viva Payday Loans


– Rhode Island

– Michigan

– Oklahoma 


What are the requirements for payday loans in Colorado?

What if I cannot make payment on the due date?

Does Colorado Allow Online Payday Loans?

Do Payday Loans Colorado Check Your Bank Account?

Why Would Anyone Take a Payday Loan?

About Jayme Wium PRO INVESTOR

Jayme is a professional freelance writer specializing in personal finance, business, nutrition, botany and mental health. She has studied extensively in these fields and spends a considerable amount of her time creating content to help simplify complex concepts for the everyday person.

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