Looking for a title loan in Colorado? Whether you're looking for secured loans or flexible payment terms, it's important to understand local lending laws and explore your options. Title loans are not legal in Colorado due to state restrictions on high-interest loans. Residents in need of quick cash can explore other loan options such as personal loans. Apply online or consult us by phone to find the best solution for your financial situation in Colorado.
Regulations
Regulations:
Colorado’s Uniform Consumer Credit Code (UCCC) effectively bans title loans, limiting high-interest lending and focusing on consumer protection.
Requirements:
- Vehicle title in your name
- Proof of income
- Government-issued ID
- Proof of residency
Important Considerations
Borrowers in Colorado must explore alternative loan types, like secured or personal loans, which have more consumer-friendly terms.
FAQ Section
No, title loans are not permitted in Colorado under state law.
Interest rates are limited by Colorado’s UCCC, effectively banning high-interest loans like title loans.
Yes, online applications for personal or secured loans are available, but not for title loans.
Statistics about Colorado
| Median Household Income | $80,184 |
| Median Gross Monthly Rent | $1,465 |
| Average Family Size (People) | 3.13 |
| Mortgage Loan (Avg) | $400,000 |
| Auto Loan (Avg) | $32,000 |
| Personal Loan (Avg) | $6,900 |
| Student Loan (Avg) | $38,500 |