Payday Loans in Brookland, Arkansas

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

No payday loan companies in Brookland, AR. Consider companies in other cities:

Company nameAddressZip codePhone number
MoneyGram 1621 E Harding St 9, Morrilton, AR 72110 +1 (501) 354 - 0290
Diamond Bank 1710 S Constitution Ave, Ashdown, AR 71822 +1 (870) 898 - 3899
Fast Cash Pawn 2219 AR-367, Newport, AR 72112 +1 (870) 523 - 5236
First National Bank 1324 AR Hwy 25B North, Heber Springs, AR 72543 +1 (501) 362 - 2362
Relyance Bank 400 Ponce De Leon Dr, Hot Springs Village, AR 71909 +1 (501) 922 - 6176
A M & N Federal Credit Union 1410 University Dr, Pine Bluff, AR 71601 +1 (870) 534 - 1990
Eubanks Tax Services 2443 AR-22, Dardanelle, AR 72834 +1 (479) 229 - 1375
Pacer Ltd 1123 S University Ave 101, Little Rock, AR 72204 +1 (501) 666 - 2883
Farmers and Merchants Bank 813 North Fourche Ave, Perryville, AR 72126 +1 (501) 889 - 2318
Grippin Cash Records 1617 Dill St, Newport, AR 72112 +1 (870) 495 - 3918

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Brookland, AR, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Bentonville, AR, Emergency Loan in Conway, AR, Payday Loan Companies in Fayetteville, AR, Payday Loans in Fort Smith, AR, Payday Loans in Jonesboro, AR, Emergency Loan in Little Rock, AR, Online Loans in North Little Rock, AR and Payday Loans in Pine Bluff, AR. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Brookland, AR.

Beautiful sights of Brookland, AR

Payday Loans Available in Brookland, AR By The Following ZIP Codes:

72417

Are Payday Loans Legal In Brookland, Arkansas?

Payday Lending is Prohibited in Arkansas

Arkansas Loan Regulations

Legal StatusProhibited
Interest Rate (APR, %)Prohibited
Maximum Loan AmountProhibited
Minimum Loan TermProhibited
Maximum Loan TermProhibited
Number of Rollovers AllowedProhibited
Finance ChargesProhibited

Brookland, AR payday loan calculator

Payday Loans in Brookland, Arkansas – What You Need to Know

Payday loans are known to be an easy way to get cash quickly in case of an emergency. However, these loans have received criticism for their high-interest rates and the risk of borrowers getting trapped in a cycle of debt. In Arkansas, payday loans are prohibited, but the law has not completely eradicated the problem. In this article, we will discuss everything you need to know about payday loans in Brookland, Arkansas.

What Are Payday Loans?

Payday loans are short-term loans that are usually taken out by people who need immediate cash. Borrowers typically pay back the loans with post-dated checks or through automatic withdrawals from their bank accounts. These loans are usually granted without a credit check and are therefore popular among people with poor credit scores. The high-interest rates and fees associated with these loans have led to concerns about their predatory nature.

Payday Loans in Brookland, Arkansas

In Arkansas, payday loans are prohibited. The Arkansas Check Cashers Act of 2009 made it illegal for lenders to offer payday loans, effectively ending the payday lending industry in the state. However, this has not completely solved the problem of predatory lending in the state.

Some payday lenders may try to exploit loopholes in the law, such as offering loans with longer terms or larger amounts, to skirt the regulations. Additionally, some payday lenders may operate online, making it difficult for state authorities to regulate their activities.

Why Are Payday Loans Prohibited in Arkansas?

The decision to prohibit payday loans in Arkansas was prompted by concerns about the high costs associated with these loans. In the past, payday lenders in Arkansas charged fees as high as $30 on loans of $100 for periods as short as 14 days. This amounts to an annual percentage rate (APR) of over 300%. Such high fees and interest rates were seen as exploitative and dangerous for borrowers.

What Are the Alternatives?

If you find yourself in need of emergency cash in Brookland, Arkansas, there are alternatives to payday loans. Some local credit unions offer short-term loans with more favorable terms than payday loans. Additionally, you may be able to get financial assistance from local charities or government programs.

Another option is to apply for a personal loan from a reputable lender. Personal loans have lower interest rates and typically have longer repayment periods than payday loans, reducing the risk of getting trapped in a cycle of debt.

Facts and Statistics About Payday Loans

  • According to a survey by the Pew Charitable Trusts, 12 million Americans take payday loans every year.
  • The average payday loan borrower takes out eight loans per year and spends around $520 on interest.
  • Payday loans are illegal in 18 states and the District of Columbia.
  • Some payday lenders have been known to charge interest rates as high as 400%.
  • Payday lenders often target vulnerable populations such as low-income workers, military personnel, and senior citizens.

Apply Now

Despite the prohibition of payday loans in Brookland, Arkansas, unexpected financial emergencies can still occur. If you find yourself in need of emergency cash, TheGuaranteedLoans is here to help. Our online platform helps connect borrowers with potential lenders who can provide personal loans with favorable terms and rates. Please note that TheGuaranteedLoans is not a direct lender and only connects borrowers with potential lenders. Apply now to see if you qualify!

F.A.Q.

Can I get a payday loan with bad credit in Brookland, Arkansas?

No, payday loans are not available in Brookland, Arkansas regardless of credit history.

Can I get a payday loan without a checking account in Brookland, Arkansas?

No, payday loans are not available in Brookland, Arkansas regardless of banking status.