Local briefing · CO
Payday loans in Breckenridge, CO
Before borrowing in Breckenridge, know the position: payday lending in Colorado is capped at a low rate, which has largely removed the classic two-week payday advance. The sections below cover the legal alternatives, how to compare them by APR, and the Colorado regulator you can verify a lender with.
Advertising disclosure: Paydayloaning may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.
Payday lending in Colorado
Permitted but capped at 36% APR (Proposition 111, effective February 1, 2019)
The local picture
Payday loan rules that apply in Breckenridge
Every figure below is published by the state or the regulator that sets it, with a link to the primary source. These rules apply to any lender serving Breckenridge — Colorado's fee cap is not adjusted city by city.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | UCCC finance-charge ceilings: 12% per year on non-supervised consumer loans; supervised loans 36% on the first $1,000, 21% on $1,000–$3,000, 15% above $3,000 (or 21% flat); 21% on revolving accountsSource quoteSource says: "not exceeding twelve percent per year on the unpaid balance of the amount financed"; "Thirty-six percent per year on that part of the unpaid balances of the amount financed that is one thousand dollars or less"; "Twenty-one percent per year on the unpaid balances of the amount financed". | Colorado General Assembly — C.R.S. § 5-2-201 (Colorado Revised Statutes 2024, Title 5) as of 2026-09-16 |
| Payday lending status | Permitted but capped at 36% APR (Proposition 111, effective February 1, 2019)Source quoteSource says: "a finance charge for each deferred deposit loan or payday loan that must not exceed an annual percentage rate of thirty-six percent". | Colorado General Assembly — C.R.S. § 5-3.1-105 (Deferred Deposit Loan Act) as of 2026-09-16 |
| Small-loan / installment lender licensing | Supervised lender license required from the UCCC Administrator (master license required for more than one place of business); deferred deposit lenders must hold a supervised lender's licenseSource quoteSource says: "if a supervised lender has more than one place of business, they must obtain a master license"; "no person shall engage in the business of deferred deposit loans without having first obtained a supervised lender's license" (C.R.S. § 5-3.1-116). | Colorado Attorney General — Uniform Consumer Credit Code licensing as of 2026-09-16 |
| State lending regulator | Colorado Attorney General's Office — Consumer Credit Unit (Administrator of the Uniform Consumer Credit Code)Source quoteSource says: "The Consumer Credit Unit regulates (through licensure/registration programs) companies and individuals involved in consumer lending"; it "licenses non-bank lenders such as finance companies and payday lenders". | Colorado Attorney General — Consumer Protection Section as of 2026-09-16 |
What borrowing costs in Breckenridge
Colorado caps the cost of a payday-style loan low enough that the classic two-week payday advance largely does not operate here. What licensed lenders can offer is a small installment loan at the capped rate — a different product, with a longer repayment window and a fixed monthly payment. Compare the APR on any offer against the cap in the sourced table above, and confirm the lender is licensed before you sign. The alternatives below are usually cheaper still.
Cheaper alternatives in Breckenridge
If you are already juggling payday loans, a nonprofit credit counselor can help you restructure the debt and deal with collectors. Nonprofit counseling is low-cost or free, and it is a better first call than taking a new loan to cover an old one. Getting out of payday debt.
About Breckenridge
- Population: 4,940 (US Census Bureau, Vintage 2023 subcounty estimate).
- Size in Colorado: the 79th-largest of 270 Census places in the state.
- Population trend: Its population fell about 2.7% between the 2020 Census base and the 2023 estimate.
- Nearest larger cities: Avon, CO (27 mi); Eagle, CO (43 mi); Aspen, CO (47 mi). Bigger markets often have more lenders, but a lender licensed in Colorado serves Breckenridge under the same state rules.
Before you borrow in Breckenridge
- Check the APR on any offer against the Colorado cap in the table above.
- Confirm the lender is licensed in Colorado with the regulator listed above.
- Compare the APR of a licensed installment loan against the alternatives below.
- Run the numbers with our loan payment calculator before you commit.
- Never give a lender remote access to your bank account beyond the amount you actually owe.
Advertising disclosure: Paydayloaning may receive a referral fee if you apply through the link above. That fee does not change the rate you are offered, and it does not change our content. We are not a lender. The lowest rates are only available to the most qualified applicants. Read the full disclosure.
Frequently asked questions
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How much can I borrow with a payday loan in Breckenridge?
How much does a payday loan cost in Breckenridge?
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Nearby places
All Colorado citiesNearest Census places by distance.