Payday Loans Paonia, CO – Compare Licensed Lenders (2026)

$$500

Max Loan Amount

Active Lenders

15 min

Approval Time

$1K

Population

Paonia, Colorado, with a population of 1,451, offers a unique blend of industries and outdoor charm. The average income here is $52,000, and residents enjoy a cost of living that is approximately 10% lower than the national average. In a community where financial flexibility can be essential, quick access to payday loans can help residents manage unexpected expenses. Whether it's for car repairs or medical bills, understanding how payday loans work in Paonia is key to making informed financial decisions.

About Paonia

Main Industries

$diverse industries

Avg Income

$$52,000

Cost of Living

$$-10% vs national avg

State Regulations

We're gathering the latest payday loan regulations for your state. In the meantime, please review the terms carefully and check with your state's financial regulator.

CFPB Resources:Learn about payday loans

Where to Find Payday Loans in Paonia

Currently, Paonia does not have any active lenders operating within the city limits. This means residents may need to rely on online payday loan options to secure funds quickly. While local storefronts are absent, reputable online lenders can provide the necessary services without the need to visit a physical location. Always ensure that any online lender adheres to Colorado’s regulations, including the APR cap of 36%.

Compare Lenders in Paonia

Lender	Loan Range	Typical APR	Best For	Apply

Representative Loan Example in Paonia

Calculation

Loan Amount: $$500

Term: $14 days

APR: $36%

Fee: $$0

Total Repayment: $$500

Effective APR: $0.0%

⚠️ Important Notes

✓ For Paonia residents earning $$52,000, this payment is Approximately 12.36% of monthly income
✓ Recommended: Keep monthly debt payments below 35% of income
✓ APR varies by lender and creditworthiness
✓ Always compare multiple offers before accepting

Advantages & Disadvantages in Paonia

✅ Advantages

✓ Process 100% online, providing convenience
✓ Decision in as little as 15 minutes
✓ Available for all Paonia residents
✓ No collateral required to secure a loan
✓ Early repayment options available without penalty

❌ Disadvantages

✗ Higher APR compared to traditional bank loans
✗ Limited availability of local lenders
✗ Credit check typically required

💡 Expert Recommendation for Paonia Residents

According to loan expert Rostislav Sikora, Paonia residents should consider their low cost of living when evaluating payday loans. Short-term payday loans can be an effective solution for urgent cash needs, given the local economic context. However, it's essential to compare different lenders for APR rates and ensure that monthly payments remain manageable. Before signing, compare APR and ensure payment doesn't exceed 35% of monthly income.

Rostislav Sikora – Loan Comparison Specialist at Credizen

Frequently Asked Questions – Paonia, CO

How do I get a payday loan in Paonia, CO?

To obtain a payday loan in Paonia, you can apply online through a reputable lender's website. Make sure to have your income information and identification ready.

What's the max I can borrow in Paonia?

In Paonia, the maximum amount you can borrow is $500 per payday loan, as per Colorado state regulations.

Can I get approved with bad credit in Paonia?

Yes, many online lenders in Paonia may consider applicants with bad credit, though interest rates could be higher.

Are there storefronts in Paonia or is it online only?

Currently, there are no storefront lenders in Paonia; residents will need to seek online options.

How fast can I get money in Paonia?

With online payday loans, funds can often be deposited into your bank account within one business day after approval.

What ID do I need for payday loans in Paonia?

You typically need a government-issued ID, proof of income, and a bank account to apply for payday loans in Paonia.

Are payday loans in Paonia regulated?

Yes, payday loans in Paonia are regulated by Colorado state law, which includes an APR cap of 36%.

What happens if I can't repay a payday loan in Paonia?

If you cannot repay a payday loan on time, it may lead to additional fees and could impact your credit score.

What are the benefits of payday loans in Paonia?

Payday loans offer quick access to cash, which can be beneficial for emergency expenses or unexpected bills in Paonia.

Is it safe to apply for payday loans online in Paonia, CO?

Yes, applying for payday loans online can be safe, provided you choose a reputable lender with secure website protocols.

Nearby cities in Colorado

Compare options in nearby Colorado cities. Rates and approval times can vary by lender.

USA loan hub View Colorado loan options Compare payday lenders Compare lenders side-by-side Payday loan guides

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Responsible Lending Notice: Payday loans are short-term financial products and should only be used for temporary cash needs. They are not a long-term solution for financial difficulties. Borrowers should consider other options before taking out a payday loan.

Regulatory Information: All lenders displayed serve Paonia, CO and are regulated by state authorities. For complaints or concerns, contact the Consumer Financial Protection Bureau (CFPB) at consumerfinance.gov.

Affiliate Disclosure: Credizen.net may earn a commission when you apply through our platform. This helps us keep our service free. We only work with licensed, reputable lenders.

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