Payday Loans in Leachville, Arkansas

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

Company nameAddressZip codePhone number
Principal Financial Group 119 Front St SW, Lonoke, AR 72086 +1 (501) 404 - 5450
IBERIABANK 200 Olivia Dr, Newport, AR 72112 +1 (870) 523 - 3611
Bank of America with Drive-thru services 1061 E Joyce Blvd, Fayetteville, AR 72703 +1 (479) 521 - 3690
Auto Credit Corporation of Jonesboro 1306 S Caraway Rd, Jonesboro, AR 72401 +1 (870) 802 - 3121
Bank of Cave City 1141 E Main St Suite 100, Batesville, AR 72501 +1 (870) 793 - 2717
Arvest Bank 104 S Hughes St, Huntsville, AR 72740 +1 (479) 738 - 2133
Regions Mortgage 2111 Malcolm Ave, Newport, AR 72112
Central Arkansas Finance 939 Locust St, Conway, AR 72034 +1 (501) 932 - 0209
Centennial Bank 582 AR-365, Mayflower, AR 72106 +1 (501) 328 - 4810
Farm Credit of Western Arkansas - Alma 641 US-71 102, Alma, AR 72921 +1 (479) 430 - 7287

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Leachville, AR, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Springdale, AR, Payday Loans in Texarkana, AR, Bad Credit Loans in Benton, AR, Payday Loans in Bentonville, AR, Short-term Loans in Conway, AR, Payday Loans in Fayetteville, AR, Bad Credit Loans in Fort Smith, AR and Payday Loans in Jonesboro, 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 Leachville, AR.

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

72438

Are Payday Loans Legal In Leachville, 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

Leachville, AR payday loan calculator

Understanding Payday Loans in Leachville, Arkansas

Payday loans are a type of short-term loan that can provide quick cash to borrowers in need. However, these loans come with high-interest rates and fees that can make it difficult for borrowers to repay the loan on time. In the state of Arkansas, payday loans are prohibited by the state constitution, as well as the Arkansas State legislature. This article will explore payday loans in Leachville, Arkansas and why they are not available to borrowers in the state.

Why are Payday Loans Prohibited in Arkansas?

Arkansas State law caps interest rates for consumer loans at 17 percent, making it difficult for payday lenders to operate in the state. The Arkansas State Constitution also limits the maximum interest rate to 5 percent above the Federal Reserve Discount Rate, which makes it almost impossible for payday lenders to charge the high-interest rates they need to stay in business.

Despite attempts by payday lenders to find loopholes in the law, the Arkansas Supreme Court has repeatedly upheld the state’s constitutional and statutory prohibitions against payday lending. Therefore, payday loans are not available in Leachville, Arkansas or anywhere else in the state.

Alternatives to Payday Loans in Leachville, Arkansas

While payday loans are not an option in Arkansas, there are other types of loans that borrowers can consider. These include:

  • Personal Loans: Personal loans from banks or credit unions can offer better terms and lower interest rates than payday loans. However, they may require a good credit score and a longer approval process.
  • Credit Cards: Credit cards can be used for emergency expenses and can offer rewards and cashback benefits, but they also come with high-interest rates and fees if not paid off on time.
  • Installment Loans: Installment loans are similar to payday loans but are repaid in smaller monthly installments over a longer period of time. However, they also come with high-interest rates and fees and can be just as difficult to repay.

Facts and Statistics about Payday Loans in Leachville, Arkansas

  • Payday lending is not legal in Arkansas. There are no payday lenders operating in Leachville or anywhere else in the state.
  • According to the Consumer Financial Protection Bureau, the average payday loan in the United States is for $350 and comes with a fee of $15 for every $100 borrowed. That equates to an annual percentage rate (APR) of nearly 400 percent.
  • Payday lending has been banned in 18 states and the District of Columbia.
  • Payday lending has been linked to cycles of debt and financial hardship, with many borrowers taking out multiple loans to cover previous loans, leading to a debt trap.

Apply Now

While payday loans are not an option in Leachville, Arkansas, TheGuaranteedLoans offers a variety of loan options that may be available to borrowers in the state. As a connector service, not a direct lender, we work with a network of potential lenders who can provide quick access to cash, flexible repayment terms, and competitive interest rates. Fill out our online application today to see what loan options are available to you.

Note: TheGuaranteedLoans does not charge any fees for its connector services. Any fees associated with the loan are between the borrower and the lender.

F.A.Q.

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

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

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

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