Prohibition on triple-digit pay day loan prices adopts effect Feb 1st. Another resource for customers may be the Colorado Attorney General’s workplace.

The next day, Colorado joins fifteen other states additionally the District of Columbia in stopping predatory lenders that are payday recharging Coloradans triple-digit prices to borrow little loans of $500 or less. Beginning February first, cash advance businesses can not charge interest and costs that soon add up to over 200per cent APR but must adhere to Colorado’s usury limit of 36%. The...
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