Colorado Payday Loans & Laws
By admin | May 8, 2010
Residents of Colorado are about to have restrictions placed on their ability to use payday loan products to solve their temporary financial challenges. A Democratic sponsored bill (there they go again) was sent to the Colorado Governor for his signature Tuesday.
Colorado Payday Loan Update
The new version caps interest rates on payday loans at 45 percent and limits lenders to charging no more than a $50 annual origination fee on loans.
