Payday Loans in Oak Creek, CO: Rates, Rules & Calculator

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Payday lending Permitted but capped at 36% APR… Colorado General Assembly — C.R.S. § 5-3.1-105 (Deferred Deposit Loan Act)

Rate cap UCCC finance-charge ceilings: 12% per year… Colorado General Assembly — C.R.S. § 5-2-201 (Colorado Revised Statutes 2024, Title 5)

Licensing Supervised lender license required from… Colorado Attorney General — Uniform Consumer Credit Code licensing

Regulator Colorado Attorney General's Office Colorado Attorney General — Consumer Protection Section

By the Paydayloaning Editorial Team · Last updated 2026-09-16

Payday lending in Colorado

Permitted but capped at 36% APR (Proposition 111, effective February 1, 2019)

Full Colorado lending rules

The local picture

Payday loan rules that apply in Oak Creek

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 Oak Creek — 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 accounts Source quote Source 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 quote Source 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 license Source quote Source 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 quote Source 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 Oak Creek

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 Oak Creek

If the shortfall is a bill rather than a cash gap, ask the company you owe for more time or a payment plan before you borrow. Utilities, medical offices and landlords frequently have hardship arrangements, and a payment agreement at 0% is cheaper than any loan. It costs nothing to ask and it does not touch your credit. Emergency options compared.

About Oak Creek

Population: 858 (US Census Bureau, Vintage 2023 subcounty estimate).
Size in Colorado: the 160th-largest of 270 Census places in the state.
Population trend: Its population fell about 3.4% between the 2020 Census base and the 2023 estimate.
Nearest larger cities: Steamboat Springs, CO (16 mi); Hayden, CO (22 mi); Kremmling, CO (34 mi). Bigger markets often have more lenders, but a lender licensed in Colorado serves Oak Creek under the same state rules.

Before you borrow in Oak Creek

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.

Frequently asked questions

Can I get a payday loan in Oak Creek?

Only if payday lending is permitted in Colorado. Payday lending is regulated state by state, so whether a licensed lender may offer one in Oak Creek depends on Colorado law rather than on any local ordinance. See the sourced figure on our Colorado lending reference page.

How much can I borrow with a payday loan in Oak Creek?

State law sets the maximum advance, and many states cap payday loans at a few hundred dollars. The sourced limit for Colorado is listed with its publisher on our state reference page, so you can see the current figure rather than an estimate.

How much does a payday loan cost in Oak Creek?

Lenders charge a fee per $100 borrowed rather than a monthly interest rate, and Colorado law sets the maximum fee. Because the term is only a couple of weeks, that fee produces a very high APR. Our state reference page lists the sourced fee cap, and our APR calculator shows the math.

Will a payday loan in Oak Creek hurt my credit?

Many payday lenders do not report on-time payments to the major credit bureaus, so a payday loan usually will not build your credit. An unpaid balance that is sent to collections can still be reported and damage your score, which is why the repayment plan matters more than the application.

Nearby places

All Colorado cities

Nearest Census places by distance.

Payday loans in Oak Creek, CO