Fair to Bad Credit Loans in CO

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Last updated on August 19, 2018

Commentary is for informational purposes only. See legal disclaimers here.

Daily Colorado Borrower Credit Scores

Last 10 borrowers applying for a loan out of Colorado had the following credit scores. Source: WFL Lender Pool. Updated daily. FICO scores based on avg. from Transunion, Experian, and Equifax.

442 616 620 566 580 605 454 654 445 604

Colorado APR Reports (?)
Enter zip and your 3 digit credit score.

Colorado Usury and Regulations

Summary of Colorado Usury Law(s) / Quote: "Legal: 8% Contract: As set out in instrument except as limited by U.C.C. / Judgment: 8% / Corporate: No specific rate"

(WeFindLenders.com endeavors to include the most up to date legal data for Colorado, but no guarantee or warranty of any kind is expressed or implied as to the accuracy of said data. This data is not intended to be legal advice. For legal help speak with a lawyer in Colorado, and/or contact the Colorado State government's division of banking and finance - legal statutes researched by FindLaw.com & American Lawyers Quarterly - see credits)

Colorado Usury Law Information:

Legal Maximum Interest Rates: Quote: "8% if there is no agreement (§5-12-101); max interest that may be contracted for is 45% (§5-12-103); interest on consumer loans may not exceed 12% unless made by supervised lender (§5-2-201)"

Usury Penalties: Quote: "Criminal penalty for knowingly exceeding 45%, Class 6 felony (§18-15-104)"

Judgment Interest Rates: Quote: "8% if not specified in contract; if contract rate is variable, then at rate on day of judgment (§5-12-102[4])"

Legal Exceptions: Quote: "Savings and loans (§11-41-115); mortgages (§5-13-101); business and agricultural loans (§5-13-102); small business loans (§5-13-103)"

Colorado Lenders By City

Denver CO / Colorado Springs CO / Aurora CO / Fort Collins CO / Lakewood CO / Thornton CO

Complaints to:

Colorado Division of Banking / Contact: Physical Address: 1560 Broadway, Suite 975, Denver, CO 80202 / Phone: 303-894-7575 / Fax: 303-894-7570 / Colorado Division of Banking / Colorado Complaint Process

Colorado Lender List

Colorado Bad Credit Lenders Map - Initial Static Image

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Lenders
contact us for listing removal or amendment.


Credit Union of Denver
9305 W Alameda Ave Lakewood
CO 80226 - www.cudenver.com
303.234.1700

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Westerra Credit Union
3700 E Alameda Ave, Denver
CO 80209 - www.westerracu.com
303.563.6625

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Public Service Credit Union
700 Whalers Way, Fort Collins
CO 80525 - www.pscu.org
970.416.5000

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Elevations Credit Union
1526 E Harmony Rd Unit 130
Fort Collins, CO 80525
www.elevationscu.com
970.667.8585

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Aventa Credit Union
2735 Dublin Boulevard
Colorado Springs, CO 80918
www.aventa.com
719.482.7600

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Pikes Peak Credit Union
1616 N Circle Dr, Colorado Springs
CO 80909 - www.pikespeakcu.com
719.473.5962

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Air Academy Federal Credit Union
4920 N Union Blvd, Colorado Springs
CO 80918 - www.aafcu.com
719.593.8600

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Aurora Federal Credit Union
610 S Abilene St, Aurora
CO 80012 - www.auroracu.com
303.755.2572

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Fitzsimons Credit Union
2201 Fitzsimons Pkwy, Aurora
CO 80045 - www.fitzsimonscu.com
303.340.3343

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Power Credit Union
1615 E Evans Ave Pueblo
CO 81004 - www.powercu.org
719.564.0710

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Bad Credit Loan Form for Colorado

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Signature Loan Example In Colorado

Charles and his wife have been commuting to work together for the last couple of years.

By driving together, they save a great deal of money on gas and parking.

He drops her off at her place of work which is not far from his work location. They both finish about the same time and they ride home together.

If one of them has to work extra time, they make arrangements to pick each other up. Charles also has free parking at his place of work.

Charles has an opportunity to take a second job. He is excited about making a little extra money, but it would mean that he and his wife can no longer commute to work together.

They will need another car and there will be the additional operations cost. Insurance, gas, parking etc.

have to be factored into this decision. The new second job could lead to a permanent job at a higher rate of pay, which is really what he is interested in.

He has decided to purchase a used vehicle and needs a loan to help him make the purchase.

He has $1500 to put towards the purchase and needs another $6500 to cover the remainder, plus registration, safety and a tune up.

With a four year term, the monthly costs should be quite affordable.

While his wife is not too excited about having to drive to work herself, she is resigned to having to purchase another car if it will lead to another job with more income.

A $6500 loan with a four year term and 4.59% interest rate for Charles would cost him the following per month:

• Loan Amount (principal) = $6500
• Interest Rate = 4.59%
• Term Length =4 year
• Monthly Payment = $148.49
• Total Paid Back = $7127.34
• Total Interest = $627.34

Charles asked for a four year term for this car loan. He is going to use the car he purchases as collateral for the loan which will help him qualify for a lower interest rate on his loan.

He and his wife also have an average credit score which in this case did not hurt him because of the car being used as collateral.

They have a small loan remaining on the other car they have and several credit cards all with a zero balance.

They manage their finances well, pay their bills on time and have their home almost paid off.

They work hard to make a living and are hoping that this new job will help them get ahead.

The car will be registered in both their names and both will be registered drivers for insurance purposes. The loan that Charles will be taking on must be registered in both their names as well, since his wife will also be a registered owner.

If for some reason, Charles does not complete all of the payments on the loan, his wife will be expected to resume payments for the remaining car loan payments.

This is standard procedure for all loans.

If you live in the State of Colorado and you're struggling with a bad credit rating we hope our website helps you in some way get approved regardless of your FICO number.

Sincerely,

Chris Somerset

Chris Somerset is the daughter of Lance Somerset who founded the We Find Lenders Pool. She contributes to WeFindLenders.com whenever she's not having fun with her three children and her husband Ron.

Debt Consolidation Loans in Colorado

Last 5 debt service loans approved in the State of Colorado. Source: WFL Lender Pool. Updated daily. Principals rounded to the nearest $1000. Relative interest rates listed below in order left to right.

$80000 $35000 $25000 $55000 $30000

13.54% 11.30% 14.73% 12.91% 5.57%

Debt Consolidation Loans In Colorado

Here is a sample list of providers in the State of Colorado that can help with you with either debt relief, debt consolidation, or debt counseling. More on the City pages. Note to debt service providers: contact us for listing removal.

Consolidation Services in Colorado

Colorado Debt Consolidation Loan Providers - Initial Static Image

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Lenders
contact us for listing removal or amendment.


A American Debt Consolidation
111 S Tejon St Colorado Springs
CO 80903 - 719.329.0390

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Trident Debt Solutions, Inc.
1444 Stuart St, Denver
CO 80204 - 303.872.8492
tridentdebtsolutions.com

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Colorado Debt Relief
1624 Market St #202A, Denver
CO 80202 - 303.991.6338

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A American Debt Consolidation
1100 North Ave, Grand Junction
CO 81501 - 970.243.4995

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Debtstoppers
6295 Lehman Dr #101
Colorado Springs
CO 80918 - 719.272.7867

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Trident Debt Solutions
395 Oneida St, Boulder
CO 80303 - 303.520.3414
www.tridentdebtsolutions.com

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Pueblo Government Agencies FCU
720 N Greenwood St, Pueblo
CO 81003 - www.pgafcu.org
719.542.3379

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SunWest Credit Union
4141 Sovereign Cir, Pueblo
CO 81005 - www.sunwestecu.com
719.561.0804

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Minnequa Works Credit Union
1010 Bonforte Blvd, Pueblo
CO 81001 - mymwcu.com
719.544.6928

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Sooper Credit Union
2440 Patterson Rd, Grand Junction
CO 81505 - www.soopercu.org
970.242.0123

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CO Debt Consolidation Application Form

Colorado Application Form
Bad Credit Debt Consolidation Loans (?)
 

About Debt Consolidation Loans In CO

We have included a list of 10 options for Colorado residents if you need to consolidate your debt. It always a good idea to first apply for any consolidation loan with your local bank or credit union branch first. Usually your best chance of approval is with the financial institution you've been doing business with over the last few years. Just something to consider. You can always try other lenders if your own branch declines your loan request.

Colorado Consolidation Loan Example

Paula needs to borrow $9300 to consolidate credit card debt and another small loan that she is responsible for.

She booked her vacation and charged everything to her credit card along with travel insurance and a few other incidentals.

The monthly statement has just arrived and the total amount is due in a few weeks.

She does not have the cash to pay for the trip and probably should never have booked it in the first place. But she has done this and there are no refunds.

She has several credit cards, however this particular one has a large limit on it. With such a large limit it was easy to charge the trip to the card and worry about how to pay for it later.

These large limit credit cards make it easy to charge something. They are expecting that consumers will not be able to pay the entire balance on the due date and that is when the high interest rates are charged.

Paula was attracted to this card in the first place for a number of reasons.

She collects travel points which can be used to pay for trips etc. It also had a low monthly interest rate charged on any overdue balances and transfers from other cards for the first six months.

This is great for transfers provided that you have the funds to pay the balance prior to the end of the six month period. The interest rate really escalated after that.

The bottom line is that Paula needs a loan for $9500 at a low interest rate to pay her credit card debt. She would like a four year term for the loan.

She never imagined that it would take her four years to pay for this trip!

A $9300 loan with a four year term and 5.59% interest rate for Paula would cost her the following per month:

• Loan Amount (principal) = $9300
• Interest Rate = 5.59%
• Term Length =4 year
• Monthly Payment = $216.67
• Total Paid Back = $10400.01
• Total Interest = $1100.01

Fortunately for Paula, she has a great credit score, little other debt and a good job that is permanent.

She will easily qualify for this loan and it will be deducted monthly from her checking account.

The loan is going to cost her $1100 in interest over the four years which is much less than what the credit card company would have charged over the same period.

She is a little upset. What this really means for her is that this trip is actually costing her $1100 more than she thought it would.

Whenever an item is purchased, whether it is a material item or as in this case a trip, they can get a lot more expensive when interest is factored in.

If a consumer cannot pay for the time when the credit card statement arrives, interest will be charged on the overdue balance.

That great sale you got which saved you all kinds of money is not such a good deal any longer once you factor in the interest charges on any overdue balance.

Paula is learning this particular idea in a big way. $1100 is a lot of additional interest to pay.

If you live in the State of Colorado and you're trying to get approved for a debt consolidation loan, we hope our website helps you find a good lender and a low interest rate, regardless of your credit score.

Sincerely,

Andy Somerset

Andy Somerset is the son of Lance Somerset who founded the We Find Lenders Pool. He writes for WeFindLenders.com whenever he's not working hard on his degree in finance.

Credit Counseling Services In CO

Colorado Credit Counseling Providers - Initial Static Image

Click or tap map image above for interactive version.
Counselors
contact us for listing removal or amendment.

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GreenPath Financial Wellness
650 S Cherry St Suite 1230 Denver
CO 80246 - www.greenpath.org
800.550.1961

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Consumer Credit Counseling Service
Denver, CO 80202
303.825.3912

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Cornerstone Credit Counselors
6295 Lehman Dr
Colorado - Springs, CO 80918
www.debtstoppers.org
800.579.2414

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WFL Loan Product Menu

  • Bad credit scores below FICO 650
  • 200+ lenders review your pre-application(s)
  • Applying does not worsen your credit score
  • Interest rates starting as low as 9% (cs)
  • Collateral not always required
  • Funding between 24 hours and 5 days
  • Terms from 6 months to 10 years
  • Borrow between $500 and $50,000
  • Loans for people with 650+ credit scores
  • 500+ lenders can review your application
  • Interest rates starting as low as 7% (cs)
  • Fast approvals and fast funding
  • Line of credit approvals with reasonable APR
  • Borrow between $500 and $150,000
  • Lenders who provide bad credit consolidation
  • Debt settlement or debt relief services
  • 300+ lenders can review your application
  • Interest rates starting as low as 7% (cs)
  • Seamless approval and funding process
  • Debt relief counseling available
  • Borrow form $5000 - $150,000

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