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BBB Reliability Report for

Payday Now Loans


Original Business Start Date: 09/01/1995

BBB Rating A

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BBB issues Reliability Reports on all businesses, whether or not they are BBB accredited. If a business is a BBB Accredited Business, it is stated in this report.

Find out more about this business:

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Arrow Customer Complaint History
Arrow Government Actions
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Arrow Industry Tips
Arrow BBB Copyright and Reporting Policy

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BBB Accreditation

This business is not a BBB Accredited Business.

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BBB Rating

Based on BBB files, this business has a BBB Rating of A on a scale from A+ to F.

Click here for an explanation of BBB Ratings


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Business Contact and Profile

Name: Payday Now Loans
Phone: (303) 805-8677
Fax: (303) 805-8678
Address: 11479 S Pine Dr # 29
Corporate
Parker, CO 80134-7308
Website: www.paydaynowloans.com
Original Business Start Date: September 1995
Principal: Mr. Michael K. Streeter, Secretary/Treasurer
Customer Contact: Mr. Michael K. Streeter, Secretary/Treasurer - (303) 805-8677
Email Address:
Incorporated: October 2001, CO
Type of Business: Payday Loans
BBB Accreditation: This company is not a BBB Accredited business.
Additional DBA Names: Cash N Advance IV, Inc

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Licensing

Many local municipalities, townships, and counties have registration, bonding and/or licensing requirements. The BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.

Permit and license requirements for regulated industries in the state of Colorado can be viewed at the following website: http://www.colorado.gov/oed/industry-license/


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Customer Complaint History

BBB processed a total of 0 complaints about this company in the last 36 months, our standard reporting period.


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Government Actions

BBB has no information regarding government actions at this time.


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Advertising Review

BBB has no information regarding advertising review at this time.


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Industry Tips

Payday Loans

Payday loans are consumer loans of up to $500.00 that may be obtained quickly and conveniently but must be repaid within forty days or less.

Colorado law allows payday lender to charge high interest rates for these transactions, which can be as much as 500% annual percentage rate. Under Colorado's payday loan law, a lender can renew, or refinance or "roll over", a payday loan one time at this high interest rate. After the one renewal, if the lender wants to refinance the loan again, it must do so only at the much lower interest rate of 36% allowed for regular loans under the Uniform Consumer Credit Code. Otherwise, the loan must be paid off in full.


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BBB Copyright and Reporting Policy

As a matter of policy, BBB does not endorse any product, service or business.

BBB Reliability Reports are provided solely to assist you in exercising your own best judgment. Information in this BBB Reliability Report is believed reliable, but not guaranteed as to accuracy.

BBB Reliability Reports generally cover a three-year reporting period. BBB Reliability Reports are subject to change at any time.

If you choose to do business with Payday Now Loans, please let them know that you contacted BBB for a BBB Reliability Report.

ID: 27000338
Report as of November 8, 2009 02:18
Copyright© 2009 Better Business Bureau


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