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With Brand Brand Brand New Limits On Interest, Colorado’s Payday Lenders Could Quickly Close

With Brand Brand Brand New Limits On Interest, Colorado’s Payday Lenders Could Quickly Close

On Friday, Colorado will seriously restrict just just how interest that is much loan companies can charge customers — which may force them all to shut.

Voters made the alteration final November if they authorized Proposition 111 by an margin that is overwhelming.

Colorado and 34 other states enable individuals to simply take loans that are payday. They’re often sold as a fast and simple option to get cash for things such as lease, or even settle payments, or even to purchase other crisis costs.