Payday Loans in Paron, Arkansas

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

Company nameAddressZip codePhone number
Centennial Bank 902 North St, Ward, AR 72176 +1 (501) 843 - 3575
First National Bank 3701 S Pinnacle Hills Pkwy, Rogers, AR 72758 +1 (479) 631 - 8888
Success Credit Union - Blytheville 211 N Broadway St, Blytheville, AR 72315 +1 (870) 763 - 1111
Success Credit Union - Jonesboro 2704 Fair Park Blvd, Jonesboro, AR 72401 +1 (870) 935 - 9336
First National Bank 1607 W Commercial St, Ozark, AR 72949 +1 (479) 667 - 2040
Arkansas Federal Credit Union 100 S Rockwood Dr, Cabot, AR 72023 +1 (501) 982 - 1000
Bailey's Fast Cash 2235 US-79, Fordyce, AR 71742 +1 (870) 352 - 8024
Dickerson Law Firm PA: Attorney 525 N Washington Ave, El Dorado, AR 71730 +1 (870) 863 - 4848
First National Bank-Eastern Ar 363 E Union Ave, Wynne, AR 72396 +1 (870) 238 - 8131
Title Guaranty Co 100 E North St, Magnolia, AR 71753 +1 (870) 234 - 1291

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Paron, AR, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Conway, AR, No Credit Check Loans in Fayetteville, AR, Emergency Loan in Fort Smith, AR, Payday Loan Without a Credit Check in Jonesboro, AR, Payday Loan Companies in Little Rock, AR, Online Loans in North Little Rock, AR, Payday Loans in Pine Bluff, AR and Online Loans in Rogers, 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 Paron, AR.

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

72122

Are Payday Loans Legal In Paron, 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

Paron, AR payday loan calculator

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

If you’re in need of a loan in Paron, Arkansas, you might be considering a payday loan. However, it’s important to understand that payday loans are prohibited in Arkansas. In this article, we’ll explain what payday loans are, why they’re not legal in Arkansas, and what alternative options you have to meet your financial needs.

What Are Payday Loans?

Payday loans are short-term loans that are usually due by your next payday. They’re typically small-dollar amounts, with the average loan amount being around $350. Interest rates on payday loans can be incredibly high, ranging from 300% to 400% APR. Many borrowers find themselves trapped in a cycle of debt, unable to pay off their loan on time and forced to roll it over or take out another loan to cover the first one.

Why Are Payday Loans Prohibited in Arkansas?

In 2008, the Arkansas Supreme Court ruled that payday loans are a form of predatory lending and violated the Arkansas Constitution. The court found that the high interest rates and short repayment terms made it virtually impossible for borrowers to repay their loans and avoid the debt trap. As a result, payday lending is illegal in Arkansas under the Arkansas Check-Cashers Act.

What Are Your Alternatives?

If you need money quickly in Paron, Arkansas, there are several alternatives to payday loans. Some options include:

  • Personal loans from banks or credit unions
  • Credit card cash advances
  • Short-term installment loans
  • Emergency assistance programs

These options may have lower interest rates and longer repayment terms than payday loans, making them a better option for many borrowers. It’s important to compare your options and understand the terms and fees before you borrow any money.

Interesting Facts and Statistics

  • Arkansas is one of 18 states and the District of Columbia that prohibit high-cost payday lending
  • In Arkansas, the maximum annual interest rate on loans is 17%
  • Before payday lending was prohibited in Arkansas, borrowers were paying an average of 471% APR on their loans

Apply Now

Even though payday loans are prohibited in Arkansas, you still have options to get the money you need. TheGuaranteedLoans is a connector service that can help you find lenders who offer personal loans, short-term installment loans, and other alternatives to payday loans. Our online application is quick and easy to fill out, and we’ll work to connect you with a lender who can meet your needs. Remember, we’re not a direct lender, but a service to help you connect with potential lenders.

Don’t let a financial emergency cause you to make a bad decision. Explore your options and make an informed choice that will help you get back on track.

F.A.Q.

Can I be sued or have my wages garnished if I default on a payday loan in Paron, Arkansas?

No, because payday loans are illegal in Paron, Arkansas, lenders cannot sue borrowers or garnish their wages for non-payment.

Are there any protections for borrowers who take out illegal payday loans in Paron, Arkansas?

Yes, the state of Arkansas has established several protections for borrowers who may be misled or exploited by illegal payday lenders. These include the right to cancel a loan within five days, the right to dispute any charges or fees, and the right to seek legal assistance.