What is a payday loan?
A payday loan is a short term loan between today and your next payday.  The loan is usually due in full on your payday.

Why do people choose a payday loan?
People will generally choose this type of loan to help with emergency and unexpected expenses that occur between pay periods.

Is a payday loan right for me?
A payday loan should only be used to help with unexpected and occasional shortages between paydays.  It can become costly and may cause financial hardship to repeatedly rely on payday loans.  RMMA recommends that you investigate other financing options first before obtaining a payday loan.

How much money can I borrow? 
Rocky Mountain Money Advance abides by the limits set forth by the state of Colorado.  The maximum loan amount per Colorado standards is $500.  Depending upon your own unique set of circumstances, RMMA will lend anywhere between $100 and $500.

How do I qualify for a loan?
To qualify for a loan you must be employed, must be able to present two forms of identification,  have  a minimum of $800 gross monthly income (verifiable), verifiable contact information, and an active checking account.  Please see "How to Get a Loan".
                                                                                                           
Can I be denied a loan?
Yes.  If you do not meet the minimum guidelines established by Rocky Mountain Money Advance you may be denied a loan.

What are the fees for obtaining a loan?
To obtain a loan you must pay a single finance fee based on your loan amount.   This fee is set by the state of Colorado.  Rocky Mountain Money Advance strives to offer loans at fees that are competitive with or less than its competitors.  For more information on fees please call us at 303-708-8566.

Does Rocky Mountain Money Advance check my credit report?
No.

How long does it take to receive my loan?
Upon arriving at our location, most applicants will receive their loan in less than 15 minutes.

Where is Rocky Mountain Money Advance located?
RMMA is conveniently located next to Target at I-25 and Arapahoe road.  Our address is 6787 S. Clinton Street, Suite B Greenwood Village, CO 80112.

Can I have more than one loan outstanding?
Yes, as long as you qualify for additional funds and  the total amount of your loans does not exceed the Colorado maximum loan amount of $500.

Can I change my mind after receiving a loan?
You have the right to rescind your loan by notifying us before the close of business the day following your loan date.  To do so, you should return to RMMA and request to rescind your loan and return the loaned funds.

Where can I find information about my loan?
All information related to your loan is included on the loan agreement that you signed during origination.  If you are in need of any additional information, you may call Rocky Mountain Money Advance directly at 303-708-8566.

What if I do not understand my loan agreement?
A Rocky Mountain Money Advance representative can thoroughly explain and answer any questions you may have concerning your loan agreement.

Can I refinance or extend my loan?
Please contact RMMA at 303-708-8566 to discuss options related to extending or refinancing your loan.

Can I pay my loan off early?
Yes.  There are no prepayment penalties for paying your loan off early.  You may also be entitled to a return of a prorated portion of your finance fee in you choose to pay your loan off early.

What if I cannot repay my loan on the due date?