Colorado Online Loan Rates and Fees

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Colorado Deferred Deposit Transaction

Dear Valued Colorado Residents:

We would like to thank you for your past business, unfortunately, Checkcity.com will no longer be offering loans online to residents of Colorado. Since the recent introduction of new legislation in Colorado (House Bill 10-1351), a bill which took effect August 11, 2010, Check City has operated within these new constraints and tried to successfully maintain a viable business.

However, the changes made to the Colorado Deferred Deposit Loan Act (DDLA) have made operating too difficult to continue our online lending efforts in Colorado. If you live in the greater Denver area we will continue to offer loans in our Lakewood, CO branch location (1898 S Wadsworth Blvd.) and invite you to use our array of financial services including; check cashing, cash advances, money transfers and gold buying.

If you have a current account with us click here to login and view your history, make payments and chat with us online, or you can call us at toll-free at (800)404-0254.

We apologize for any financial difficulty this may cause and encourage you to reach out to your State representatives and ask them to support legislation that would return common sense principles to Payday lending in Colorado.

Sincerely,

Adam Gibbons
General Manager
The Checkcity.com

Rates and Terms for Colorado

Loan Amounts:	The minimum loan amount is $100.00 and the maximum loan amount for Colorado residents is $500. Based on your income and other factors, loan limits will be determined on an individual basis.
Term of Loan:	Initial loan term is 186 days broken up into 6 equal monthly payments. Although state law permits a renewal on loans, CheckCity.com does not offer renewals. Renewals may be obtained from other payday lenders.
Permitted Fees:	Your loan fees will be $20.00 per $100.00 borrowed for the first $300.00 borrowed and $7.50 per every additional $100.00 borrowed. Monthly Maintenance fee of 7.50 per $100.00 borrowed up to $30.00 45% Annual Interest The effective Annual Percentage Rate ("APR") will vary. Please see your loan agreement for the APR and other terms applicable to your loan.

Additional Information:

By Colorado regulation, all Colorado customers must have a pay stub on file with Checkcity.com when receiving a payday loan. Please fax or e-mail your latest pay stub when applying to ensure quick processing of your loan. If you receive income by means other than an employer, please fax or e-mail other proof of your social security, disability, and child support or alimony payments. All materials may be sent via fax to 866-430-0830 or via email to info@checkcity.com. As soon as we receive this, we will be able to complete your loan request.

"A DEFERRED DEPOSIT LOAN IS NOT INTENDED TO MEET LONG-TERM FINANCIAL NEEDS. A DEFERRED DEPOSIT LOAN SHOULD BE USED ONLY TO MEET SHORT-TERM CASH NEEDS."

Example APR and Fee Schedule:

The Annual Percentage Rate (“APR”) will vary depending on the length of your loan (see table below). The table below shows the Annual Percentage Rate ("APR") and Fees Charged for loan amounts ranging from $100 to $500.

Amount Borrowed	Finance Charge	Amount Due	Monthly Payment	186 Day Loan
INSTALLMENT LOAN FEE SCHEDULE
$100.00	$71.26	$171.26	$28.54	211.08%
$150.00	$88.15	$238.15	$39.69	177.21%
$200.00	$142.53	$342.53	$57.09	211.23%
$250.00	$159.41	$409.41	$68.24	190.94%
$300.00	$213.80	$513.80	$85.63	211.17%
$350.00	$224.43	$574.43	$95.73	191.87%
$400.00	$272.56	$672.56	$112.10	202.80%
$450.00	$283.19	$733.19	$122.20	188.66%
$500.00	$293.82	$793.82	$132.30	177.22%

Fees are a combination of the finance charge, monthly maintenance fees and annual interest.

Non-Sufficient Funds Fee: $25.00

The Annual Percentage Rate ("APR") will vary depending on the length of your loan (see table above). Please see your loan agreement for the APR and other terms applicable to your loan.

Loan License and Registration:

We are licensed and regulated by the Colorado Office of the Attorney General
Address: Uniform Consumer Credit Code, 1525 Sherman St., 5th Fl. Denver CO 80203
Phone: (303) 866-4494 Fax: (303) 866-5691

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Payday Loans are also commonly referred to as Cash Advance, Payday Advances, Payday Advance Loans and Fast Cash Loans

Check City does not usually utilize traditional credit checks as part of the payday loan approval process. However, Check City may, at its discretion, verify application information by using national consumer loan underwriting databases that may include information relating to previous cash advance transactions that Check City may take into consideration in the approval process. Additionally:

*Actual loan amounts vary. See State Center for specific information and requirements.

***Products or services offered to customers may vary based on customer eligibility and applicable state or federal law.

***Some customers applying for payday loans or installment loans may be required to submit additional documentation due to state law and qualification criteria

Customer Notice: Payday advances should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.

Check City provides loan services in: Alabama, Alaska, California, Hawaii, Idaho, Illinois, Indiana, Kansas, Missouri, Nevada, New Mexico, North Dakota, South Dakota, Texas, Utah, Washington, Wisconsin, and Wyoming.

Check City acts as a credit services organization/credit access business (CSO/CAB) in Texas and is not the lender – loans there are made by a third-party lender.

This is an invitation to send a loan application, not an offer to make a short term loan.

This service does not constitute an offer or solicitation for payday loans in Arizona, Arkansas, Colorado, Georgia, Maryland, Massachusetts, New York, Pennsylvania, or West Virginia.

*Loan proceeds issued through our website are generally deposited via EFT for delivery next business day if approved by 8pm CT Mon. – Thu. or by 8pm Saturday.

‡Maximum funded amount for payday loans or installment loans depends on qualification criteria and state law. See Rates and Terms for details.

++Please see Rates and Terms to check the availability of online loans in your state. Check City does not provide loan services in all states.