Payday Loans in Johnson, 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 Johnson, AR. Consider companies in other cities:

Company nameAddressZip codePhone number
Anstaff Bank 301 S 1st St, Flippin, AR 72634 +1 (870) 453 - 8522
Raymond James & Associates 900 W Main St, Russellville, AR 72801 +1 (479) 498 - 4949
Car-Mart of Pine Bluff 520 S Blake St, Pine Bluff, AR 71601 +1 (870) 535 - 5632
Farm Credit of Western Arkansas - Benton 15227 I-30, Benton, AR 72015 +1 (501) 860 - 6391
Fbt Bank & Mortgage 7199 Sheridan Rd, White Hall, AR 71602 +1 (870) 247 - 9700
Johnson Accounting Inc. 1012 W Main St, Walnut Ridge, AR 72476 +1 (870) 886 - 7519
Auto Credit Corporation of Jonesboro 1306 S Caraway Rd, Jonesboro, AR 72401 +1 (870) 802 - 3121
Agheritage Farm Credit Services 1121 Front St SW, Lonoke, AR 72086 +1 (501) 676 - 3144
NwaLending.com 2829 Hyland Park Rd, Fayetteville, AR 72701 +1 (479) 841 - 6610
RMC Of America 7401 Dollarway Rd, White Hall, AR 71602 +1 (870) 535 - 1220

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Johnson, AR, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Fort Smith, AR, Payday Loans in Jonesboro, AR, Payday Loans in Little Rock, AR, Payday Loans in North Little Rock, AR, No Credit Check Loans in Pine Bluff, AR, Payday Loans in Rogers, AR, Payday Loans in Sherwood, AR and Payday Loans in Springdale, 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 Johnson, AR.

Beautiful sights of Johnson, AR

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

72741

Are Payday Loans Legal In Johnson, 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

Johnson, AR payday loan calculator

Understanding Payday Loans in Johnson, Arkansas

Payday loans are a form of short-term loan that typically comes with extremely high interest rates. They are often marketed as a quick and easy way to get cash when you’re in a tough financial situation, but high fees and short repayment terms can quickly lead to a cycle of debt that is difficult to break.

It’s important to note that payday loans have been prohibited in the state of Arkansas. While you cannot get a payday loan in Johnson, there are several other loan options that borrowers can consider. These include installment loans, personal loans, or title loans.

What are Payday Loans?

Payday loans are typically loans for small amounts, usually $500 or less, that are meant to be repaid on the borrower’s next payday. However, due to high fees and short repayment terms, many borrowers find it difficult to repay the loan when it’s due, forcing them to take out another loan to cover the initial one. This can lead to a cycle of debt that’s difficult to break.

In Arkansas, payday loans are prohibited under the Check-cashers Act. This law caps interest rates on consumer loans at 17%. Payday lenders cannot legally charge higher interest rates for short-term loans, effectively making payday loans illegal.

What Other Loan Options are Available in Johnson, Arkansas?

Although payday loans are prohibited in Johnson, there are still a variety of loan options that residents can consider. Here are some of the most common:

Installment Loans

Installment loans are a type of loan in which the borrower receives a lump sum of money upfront and repays the loan over a set period of time, typically with monthly payments. In Arkansas, the maximum interest rate for consumer loans is 17%, making installment loans a more affordable option for borrowers who need a larger amount of money.

Personal Loans

Personal loans are similar to installment loans, but they can be used for a wider range of purposes. Unlike payday loans, which often require borrowers to write a postdated check or give electronic access to their bank accounts, personal loans are typically unsecured and don’t require collateral.

Title Loans

Title loans are secured loans that use the borrower’s car title as collateral. These loans typically have higher interest rates than installment or personal loans, but they can be a good option for borrowers who need a larger amount of money and have poor credit.

In Conclusion

While payday loans have been prohibited in Johnson, there are still other loan options available. It’s important to carefully consider your financial situation and choose a loan that’s right for you. If you’re unsure about which loan is best for your needs, consider speaking with a financial advisor or credit counselor to help you make an informed decision.

Interesting Facts and Statistics About Payday Loans in Johnson, Arkansas

  • Payday loans have been prohibited in Arkansas since 2008 under the Check-cashers Act.
  • In states where payday loans are legal, payday lenders typically charge an average of 400% APR.
  • A study by the Consumer Financial Protection Bureau found that more than 80% of payday loans are rolled over or renewed, leading to a cycle of debt that’s difficult to break.

Apply Now

If you are in need of a loan in Johnson, Arkansas, TheGuaranteedLoans can help connect you with potential lenders. Please note that we are a connector service and not a direct lender. Fill out our online application to get started today!

F.A.Q.

Can I be arrested for taking out a payday loan in Johnson, Arkansas?

It is unlikely that a borrower would be arrested for taking out a payday loan in Johnson, Arkansas, as the focus of enforcement efforts is typically on the lenders, rather than the borrowers. However, borrowers who knowingly engage in illegal activities, such as providing false information to a lender or participating in a loan scheme, may face criminal charges.

Are there any other resources available to help me avoid predatory lending in Johnson, Arkansas?

Yes, there are several resources available to help consumers avoid predatory lending in Johnson, Arkansas, including the state's Consumer Financial Protection Bureau, the Arkansas State Banking Department, and the Arkansas City Department of Consumer Affairs.