Payday Loans in Ponca, Arkansas

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

Company nameAddressZip codePhone number
U.S. Bank ATM - Rose City 4311 E Broadway St, North Little Rock, AR 72117 +1 (800) 872 - 2657
First Arkansas Bank & Trust 2030 John Harden Dr, Jacksonville, AR 72076 +1 (800) 982 - 4511
Brinkley Mortgage Corporation 801 Ingram St, Conway, AR 72032 +1 (501) 329 - 7700
Bank of Little Rock Mortgage 16 Ryeland Dr C, Cabot, AR 72023 +1 (501) 843 - 3700
ACE Cash Express 3422 Pike Ave, North Little Rock, AR 72118 +1 (501) 771 - 7544
Red River Federal Credit Union 601 W Collin Raye Dr, De Queen, AR 71832 +1 (903) 735 - 3000
Southern Bancorp Bank & ATM 210 N Main St, Hamburg, AR 71646 +1 (870) 853 - 5222
Southern Bancorp Bank 911 US 49, Marvell, AR 72366 +1 (870) 829 - 2591
Tyronza Bancshares Inc 214 Hester Parker Dr, Marked Tree, AR 72365 +1 (870) 358 - 6000
Anstaff Bank 140 Madison 8731, Huntsville, AR 72740 +1 (479) 738 - 1111

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Ponca, AR, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Texarkana, AR, Quick Loan in Benton, AR, Payday Loans in Bentonville, AR, Payday Loan Companies in Conway, AR, Payday Loans in Fayetteville, AR, Bad Credit Loans in Fort Smith, AR, Payday Loans in Jonesboro, AR and Payday Loan Without a Credit Check in Little Rock, 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 Ponca, AR.

Beautiful sights of Ponca, AR

Are Payday Loans Legal In Ponca, 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

Ponca, AR payday loan calculator

Introduction

If you’re living in Ponca, Arkansas, you may have considered getting a payday loan to deal with unexpected expenses or to tide you over until your next payday. However, it’s important to note that payday loans are prohibited in Arkansas, and there are significant risks involved with taking out these types of loans. In this article, we’ll explore the reasons why payday loans are illegal in Arkansas, the risks associated with payday loans, and alternative options for those who may be struggling financially.

The Law on Payday Loans in Arkansas

In 2008, the state of Arkansas passed the Arkansas Check Cashers Act, which prohibited payday loans in the state. Under this law, lenders are not allowed to charge more than 17 percent interest on loans, and payday loans are considered to be extremely high-interest loans. The aim of the act was to protect consumers from the high fees and charges associated with payday loans, which can often lead to a cycle of debt.

The Risks of Payday Loans

While payday loans may seem like an attractive option for those who need cash fast, they come with significant risks. Payday loans often have very high interest rates, which can be as high as 400 percent. This means that if you take out a payday loan, you could end up owing much more than you borrowed. Additionally, payday loans often have very short repayment terms, which means that you will need to pay back the loan in full, often within two weeks. This can be difficult for many borrowers, who may not have the funds to repay the loan on time. As a result, many borrowers end up taking out additional loans to cover the first loan, which can lead to a cycle of debt that can be difficult to break.

Alternative Options for Borrowers

If you’re in need of cash and can’t get a payday loan in Ponca, Arkansas, there are alternative options available. For example, you may be able to get a personal loan from a bank or credit union. These loans typically have lower interest rates and longer repayment terms than payday loans, which can make them easier to manage. Additionally, you may be able to borrow from friends or family members, or use a credit card with a low interest rate.

Interesting Facts and Statistics about Payday Loans

– Approximately 12 million Americans take out payday loans every year.
– The average payday loan borrower takes out eight loans per year.
– The average payday loan has a term of 14 days and a fee of $55.
– In 2015, the payday loan industry in the United States was worth $35 billion.

Apply Now

If you’re in need of funds and are considering taking out a loan, TheGuaranteedLoans can help. We are a connector service that can help connect you with potential lenders who can provide a variety of loan options, including personal loans. Our online application process is quick, easy, and secure, and you can get a decision in minutes. Remember, we are not a direct lender, but we work with a network of reputable lenders who can help you get the funds you need. Fill out an application today and get connected with a lender who can help.

F.A.Q.

Are there any other options for fast cash in Ponca, Arkansas?

Consumers in Ponca, Arkansas may be able to access funds through a credit union or bank loan, or by using a credit card or personal loan. It is also possible to sell assets or ask friends or family for financial assistance.

Are payday loans legal in Ponca, Arkansas?

No, payday loans are prohibited in the state of Arkansas.