(Payday loans are not available at all locations)
Payday loans are a smart way to budget for unexpected expenses. For these very reasons, some ColorTyme stores offer convenient and practical short-term cash advance loans to help customers with unexpected emergency expenses such as doctor bills, car repairs, or any other imaginable scenario.
Once you're approved, all you have to do is write us a check for the amount of money you'd like to borrow plus a fee that we'll go over with you before completing the transaction. In exchange, we'll give you a cash advance. But we won't cash your check right away -- we'll hold on to it for a certain amount of time, giving you the chance to return the cash you were loaned. If you're not able to, we'll simply deposit your check. It's that easy.
Most ColorTyme cash advance loans charge a simple $15 fee for every $100 borrowed. If you compare this to the alternative of bouncing a check, maxing out your credit card or having to skip a utility payment to care for an emergency purchase, the cost savings become even more obvious.
$54: Average NSF (bounced check) fee.
$37: Average credit card late fee (recent legislation is lowering this to a maximum of $25.)
$46: Average utility bill late/reconnect fees.
*Documentation fees, annual percentage rates and repayment terms for loans vary by state and location.
Visit a participating ColorTyme location that offers payday loans and complete the application in person. We will process your application personally, and give you a decision within minutes.
If you have any questions, we welcome all inquiries by phone or visit anytime to speak to one of our knowledgeable representatives about the many options available to you with ColorTyme Payday Loan.