Payday Loans in Ida, Arkansas

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

Company nameAddressZip codePhone number
67 Pawn 1823 US-67, Pocahontas, AR 72455 +1 (870) 892 - 9361
Jencas Financial 4 Country Club Pkwy 202, Maumelle, AR 72113 +1 (877) 953 - 6227
Arkansas Federal Credit Union 2008 Fayetteville Rd, Van Buren, AR 72956 +1 (501) 982 - 1000
Taylor Paul CPA 206 N Jackson St 2926, Clarksville, AR 72830 +1 (479) 754 - 1160
First National Bank-Lawrence 131 US-63 BUS, Bono, AR 72416 +1 (870) 932 - 0899
Jackson Hewitt Tax Service 905 N Church St, Atkins, AR 72823 +1 (479) 235 - 2279
FedEx Employees Credit Association - AR 2200 Forward Dr, Harrison, AR 72601 +1 (800) 228 - 8513
First Community Bank 2525 Malcolm Ave, Newport, AR 72112 +1 (870) 201 - 6202
The Bank of Fayetteville 207 W Main St, West Fork, AR 72774 +1 (479) 839 - 2727
Simmons Bank 1002 S Mt Olive St, Siloam Springs, AR 72761 +1 (479) 549 - 4100

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Ida, AR, you can try to find different companies in big cities near by. Check out the following pages here: Guaranteed Loans in Fayetteville, AR, Payday Loan Without a Credit Check in Fort Smith, AR, Payday Loans in Jonesboro, AR, Payday Loans in Little Rock, AR, Payday Loans in North Little Rock, AR, Payday Loans in Pine Bluff, AR, 24-Hour Loan in Rogers, AR and Payday Loan for Sherwood, 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 Ida, AR.

Are Payday Loans Legal In Ida, 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

Ida, AR payday loan calculator

Payday Loans in Ida, Arkansas: What You Need to Know

Payday loans can be a tempting solution to financial woes, but they can also lead to a cycle of debt. In Arkansas, however, payday loans are prohibited, which means residents of Ida and other towns in the state cannot legally take out a payday loan. In this article, we’ll provide an overview of payday loans in Ida and explain why they are not a viable option for residents.

What are Payday Loans?

Payday loans are short-term, high-interest loans typically offered to borrowers who need quick cash. These loans are typically due on the borrower’s next payday and have skyrocketing interest rates that can reach up to 400%. Payday loans are designed to be a convenient and accessible source of cash for people who cannot access traditional forms of credit.

Why are Payday Loans Prohibited in Arkansas?

In 2008, the state of Arkansas passed the Arkansas Check Cashers Act, which effectively banned payday lending in the state. This law was put in place to protect consumers from the high interest rates and fees associated with payday loans. Under this law, lenders who violate the prohibition on payday lending can face penalties and civil liabilities.

The Arkansas Attorney General’s office has also taken a strong stance against payday lending, warning consumers about the dangers of these types of loans and encouraging them to seek alternative forms of credit. The office has also taken action against lenders who attempt to skirt the state’s payday loan laws.

What are the Alternatives to Payday Loans?

While payday loans may seem like the only option for people who need quick cash, there are actually several alternatives available. One alternative is to seek assistance from local non-profit organizations, such as churches or community centers. These organizations may be able to provide financial assistance or connect you with resources to help you make ends meet.

Another option is to look into personal loans from a traditional lender, like a bank or credit union. These loans typically have lower interest rates than payday loans and can provide you with the funds you need to cover unexpected expenses.

You may also be able to negotiate a repayment plan with your creditors or seek out a credit counseling service. These services can help you create a budget and develop a payment plan to get back on track financially.

Interesting Facts about Payday Loans in Ida, Arkansas

  • Arkansas is one of 18 states which prohibit payday lending.
  • In 2015, the Center for Responsible Lending estimated that payday loans cost Arkansas residents over $25 million each year in fees and interest.
  • The average payday loan borrower takes out eight loans per year, paying an average of $520 in interest and fees for each loan.

Apply Now

If you are in need of quick cash and are unable to access traditional forms of credit, TheGuaranteedLoans may be able to help. As a connector service, we work with a network of potential lenders and can help match you with a loan provider who may be able to assist you. To learn more and fill out an application, visit our website today.

Remember, payday loans are illegal in Arkansas, and taking out a payday loan in Ida could result in significant financial consequences. Instead, consider alternative options to help you manage your expenses and get back on track financially.

F.A.Q.

Can I still be charged fees on a payday loan in Ida, Arkansas?

No, you cannot be charged fees on a payday loan in Ida, Arkansas because these loans are illegal in the state.

Can I be evicted from my home for taking out a payday loan in Ida, Arkansas?

No, you cannot be evicted from your home for taking out a payday loan in Ida, Arkansas because these loans are illegal in the state.