Payday Loans in Ogden, Arkansas

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

Company nameAddressZip codePhone number
RAC Acceptance 7800 Rogers Ave, Fort Smith, AR 72903 +1 (479) 478 - 9693
Generations Bank 302 E Main, Hampton, AR 71744 +1 (870) 798 - 2207
First Financial Mortgage 924 Van Ronkle St 2, Conway, AR 72032 +1 (501) 513 - 0637
Regions Bank 1800 W Walnut St, Rogers, AR 72756 +1 (479) 340 - 0730
Braswell & Son Pawn Brokers 244 Oak St, Conway, AR 72032 +1 (501) 328 - 2114
Vesta Kay Jones Bookkeeping 2208 S Main St, Stuttgart, AR 72160 +1 (870) 672 - 7242
Regions Bank 400 W Capitol Ave, Little Rock, AR 72201 +1 (501) 371 - 7000
Raymond James Financial Services 4285 N Shiloh Dr, Fayetteville, AR 72703 +1 (479) 717 - 2882
Arkansas Federal Credit Union 2000 W Walnut St, Rogers, AR 72756 +1 (501) 982 - 1000
Centennial Bank 1302 E Harding St, Morrilton, AR 72110 +1 (501) 354 - 2151

Payday Loan Companies in Nearby Cities

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

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

71853

Are Payday Loans Legal In Ogden, 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

Ogden, AR payday loan calculator

Payday Loans in Ogden, Arkansas: Prohibited but Still an Issue

Payday loans have been a controversial topic for years. These short-term loans, which are usually taken out by those with a low income or poor credit score, have been criticized for their high interest rates and predatory nature. In Arkansas, however, payday loans are not just controversial – they are illegal. Here’s what you need to know about payday loans in Ogden, Arkansas.

What are Payday Loans?

Before we dive into Arkansas law, let’s first define what a payday loan is. A payday loan is a short-term loan with a high interest rate. These loans are usually taken out by those who need money quickly but cannot get approved for a traditional loan. The borrower agrees to pay back the loan in full, plus interest, on their next payday.

While this might seem like a convenient solution, the high interest rates can quickly spiral out of control, leaving borrowers deeper in debt than when they started.

Payday Loan Laws in Arkansas

Arkansas is one of the few states in the US that has completely banned payday loans. This ban was put in place in 2009 to help protect consumers from the high interest rates and predatory nature of these loans.

While payday loans are illegal in Arkansas, some lenders still operate illegally in the state. These lenders often prey on those who are desperately in need of money, charging exorbitant interest rates and trapping borrowers in a cycle of debt.

The Dangers of Payday Loans

Payday loans might seem like a quick and easy solution to a financial problem, but they come with serious risks. The high interest rates can quickly become unmanageable, leaving borrowers struggling to pay back the loan. This can lead to a cycle of debt, where the borrower has to continually take out new loans to pay off old ones.

Furthermore, the predatory nature of some payday lenders can make it difficult for borrowers to fully understand the terms of the loan. Hidden fees, aggressive collection tactics, and other predatory practices can leave borrowers feeling hopeless and trapped.

Interesting Facts and Statistics about Payday Loans in Ogden, Arkansas

  • Payday loans have been illegal in Arkansas since 2009.
  • Despite the ban, some lenders still operate illegally in the state.
  • In 2016, the Arkansas Supreme Court upheld the state’s ban on payday loans.
  • In 2019, over 150 payday lenders were operating illegally in Arkansas.

Apply Now

While payday loans are illegal in Arkansas, there are still options available for those in need of quick cash. TheGuaranteedLoans can help connect you with lenders who may be able to provide you with a personal loan or installment loan to help you get through a tough financial situation.

Please note that TheGuaranteedLoans is a connecting service, not a direct lender. We work with a network of reputable lenders to help you find the best loan option for your needs. To get started, simply fill out our online application and we will connect you with potential lenders who may be able to help.

Conclusion

Payday loans might seem like a quick and easy solution to a financial problem, but they come with serious risks. While payday loans are illegal in Arkansas, it is important to understand why they were banned and the dangers they pose. If you are in need of quick cash, consider alternative options, such as personal loans or installment loans from reputable lenders.

F.A.Q.

Why are payday loans illegal in Ogden, Arkansas?

Payday loans are illegal in Ogden, Arkansas because they often have high interest rates and fees that can trap borrowers in a cycle of debt. The state's regulations are designed to protect consumers from predatory lending practices.

What are some alternative options for getting quick access to cash in Ogden, Arkansas?

in Ogden, Arkansas, consumers can seek out alternative forms of financing, such as small personal loans, credit union loans, or even borrowing from friends or family.