Payday Loans in Prattsville, Arkansas

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

Company nameAddressZip codePhone number
Fort Sill National Bank Walmart Supercenter, 5501 S Olive St, Pine Bluff, AR 71603 +1 (580) 357 - 9880
U.S. Bank Branch 100 S Main St, Mountain Home, AR 72653 +1 (870) 424 - 5626
Community National Bank 934 W 2nd St, Waldron, AR 72958 +1 (479) 637 - 3470
Regions Bank 300 N Moose St, Morrilton, AR 72110 +1 (501) 242 - 7100
Merrill Lynch Wealth Management 824 Salem Rd, Conway, AR 72034 +1 (501) 328 - 4403
United Bank 2600 S Thompson St, Springdale, AR 72764 +1 (479) 756 - 8811
First Community Financial Services 2401 W Beebe Capps Expy, Searcy, AR 72143 +1 (501) 207 - 6009
BKD, LLP 400 W Capitol Ave 2500, Little Rock, AR 72203 +1 (501) 372 - 1040
Arkansas Federal Credit Union 100 S Rockwood Dr, Cabot, AR 72023 +1 (501) 982 - 1000
White Hall Financial Center 7199 Sheridan Rd, White Hall, AR 71602 +1 (870) 247 - 9700

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Prattsville, AR, you can try to find different companies in big cities near by. Check out the following pages here: Online Loans in Jonesboro, AR, Payday Loan for Little Rock, AR, Payday Loans in North Little Rock, AR, Short-term Loans in Pine Bluff, AR, Quick Loan in Rogers, AR, Emergency Loan in Sherwood, AR, Payday Loans in Springdale, AR and Payday Loan Companies 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 Prattsville, AR.

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

72129

Are Payday Loans Legal In Prattsville, 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

Prattsville, AR payday loan calculator

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

If you are considering taking out a payday loan in Prattsville, Arkansas, it is important to note that payday loans are prohibited in the state. The Arkansas Constitution caps interest rates at 17% per annum, which makes payday loans illegal.

While payday loans may seem like a quick and easy solution to financial difficulties, the truth is that these loans often come with high fees and interest rates, making it difficult for borrowers to pay them off on time.

How Payday Loans Work

Payday loans are short-term loans that typically require borrowers to repay the full amount, plus interest and fees, on their next payday. These loans are often marketed as a way to bridge the gap between paychecks or to pay for unexpected expenses.

However, the reality is that many people who take out payday loans find themselves trapped in a cycle of debt. The high fees and interest rates associated with these loans can make it difficult for borrowers to pay them off on time, which often leads to renewing the loan and paying even more fees and interest.

In recent years, many states have taken steps to regulate payday lending and protect consumers from these predatory loans. Unfortunately, Arkansas has yet to pass such legislation, which is why payday loans are banned in the state.

Alternatives to Payday Loans in Prattsville, Arkansas

While payday loans may not be an option in Prattsville, there are other types of loans and financial products that can help you get the money you need.

  • Personal Loans: Personal loans are a popular option for people who need to borrow money for a variety of reasons. These loans typically have lower interest rates than payday loans, and you can often borrow larger amounts of money.
  • Credit Cards: If you have a credit card with enough available credit, you can use it to pay for unexpected expenses or to bridge the gap between paychecks. While credit cards can be a convenient option, it is important to be mindful of interest rates and fees.
  • Installment Loans: Installment loans are another type of loan that can help you get the money you need. Like personal loans, these loans typically have lower interest rates than payday loans, and you can pay them back over a longer period of time.
  • Borrowing from Friends or Family: If you have friends or family who are willing and able to lend you money, this can be a good alternative to taking out a payday loan. Just be sure to repay the loan on time and in full to avoid damaging your relationship.

Interesting Facts and Statistics About Payday Loans in Prattsville, Arkansas

  • Arkansas is one of 18 states that prohibit payday lending. Other states include Connecticut, Georgia, Maryland, Massachusetts, New Jersey, New York, Pennsylvania, Vermont, and West Virginia.
  • The average payday loan in Arkansas is $365. However, these loans can come with average APRs of 391%, making them difficult for many borrowers to repay.
  • A 2017 report found that payday lenders extracted $14.4 million in fees from Arkansas consumers over a two-year period. These fees often target low-income individuals and families who are already struggling financially.

Apply Now

If you are in need of a loan, we encourage you to fill out an online application on our website. TheGuaranteedLoans is a connector service that can help connect you with potential lenders. We do not provide loans ourselves, but we can help facilitate the loan application process.

Remember to always do your research and carefully consider your options before taking out a loan. Taking on debt can be a stressful and overwhelming experience, but with the right resources and support, you can make informed decisions about your finances.

F.A.Q.

What should I do if a payday loan lender is threatening me with legal action in Prattsville, Arkansas?

If a payday loan lender is threatening you with legal action in Prattsville, Arkansas, you should contact the Arkansas State Department of Financial Services to report the lender's actions. The department may be able to help you resolve the issue and protect your rights.

Is it possible to get a payday loan from a lender in another state and use it in Prattsville, Arkansas?

No, it is not possible to get a payday loan from a lender in another state and use it in Prattsville, Arkansas. Payday loans are illegal in Prattsville, Arkansas, regardless of where the lender is located.