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

$$500

Max Loan Amount

Active Lenders

15 min

Approval Time

$18K

Population

Erie, Colorado, with a population of 18,135, is a thriving community known for its diverse industries and a cost of living that is 10% lower than the national average. With an average income of $52,000, many residents find themselves in need of quick financial solutions when unexpected expenses arise. In Erie, payday loans can provide the immediate assistance needed to cover short-term financial gaps, allowing residents to manage their finances effectively without long-term commitments.

About Erie

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 Erie

The lending landscape in Erie is currently limited, as there are no active lenders providing payday loans locally. Residents seeking short-term financial solutions may have to rely on online-only options for payday loans. This shift towards digital lending means that Erie residents can access a range of financial products from the comfort of their homes, but may miss the personal touch of local storefronts typically found in other areas.

Compare Lenders in Erie

Lender	Loan Range	Typical APR	Best For	Apply

Representative Loan Example in Erie

Calculation

Loan Amount: $$500

Term: $14 days

APR: $36%

Fee: $$0

Total Repayment: $$500

Effective APR: $0.0%

⚠️ Important Notes

✓ For Erie residents earning $$52,000, this payment is approximately 8.25% 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 Erie

✅ Advantages

✓ Process is 100% online, allowing for convenience and accessibility.
✓ Quick decision-making, often within 15 minutes.
✓ Available for Erie residents, catering to local needs.
✓ No collateral is required, making it easier to qualify.
✓ Early repayment options are available, helping to save on interest.

❌ Disadvantages

✗ Higher APR compared to traditional bank loans.
✗ Limited local lender options may restrict choices.
✗ Credit check is typically required, affecting some applicants.

💡 Expert Recommendation for Erie Residents

Rostislav Sikora, a loan expert, advises Erie residents to consider their cost of living when seeking financial assistance. Given the lower cost of living, a short-term payday loan can effectively cover urgent expenses without a hefty financial burden. However, ensure that your repayment does not exceed 35% of your monthly income. Always compare APR rates among lenders to find the best deal for your situation.

Rostislav Sikora – Loan Comparison Specialist at Credizen

Frequently Asked Questions – Erie, CO

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

You can apply for a payday loan online through various lenders that serve Colorado residents.

What's the max I can borrow in Erie?

In Erie, the maximum amount you can borrow is $500.

Can I get approved with bad credit in Erie?

Yes, while not guaranteed, many lenders in Erie consider applicants with bad credit.

Are there storefronts in Erie or is it online only?

Currently, there are no storefront lenders in Erie, so online options are the way to go.

How fast can I get money in Erie?

Many online payday lenders offer quick approval and can deposit funds within 24 hours.

What documents do I need to apply for a payday loan in Erie?

Typically, you will need to provide proof of identity, income, and a bank account.

What are the repayment options for payday loans in Erie, CO?

Most payday loans require repayment in a lump sum by your next payday, but some lenders may offer flexible options.

Is it safe to apply for a payday loan online in Erie?

Yes, as long as you choose a reputable lender with secure online practices.

What happens if I can’t repay my payday loan on time in Erie?

Failure to repay on time can lead to additional fees and potential legal action, so it's crucial to plan accordingly.

Are payday loans in Erie, CO regulated?

Yes, payday loans in Colorado are regulated with an APR cap of 36%.

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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 Erie, 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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