Payday Loans in Washington, Arkansas

All Credits Welcome!

If you have a bad credit score, then don’t worry – it’s not an issue for us!

TGL Loan Services

You can get your money fast after filling out the simple form on the "Get Started" page! Lenders cannot guarantee the approval, but they could approve your loans, even if you are unemployed, receiving government benefits.

Fast Money In Your Bank

You can get your money within hours after filling out the form! We work 24/7 for you!
  • This form is protected with secure 256-bit SSL encryption
  • By clicking “Get Started”, I consent and agree to the Privacy Policy and Terms of Use.

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

Company nameAddressZip codePhone number
BancorpSouth Bank 749 W Keiser Ave, Osceola, AR 72370 +1 (870) 563 - 2265
First National Bank Call Center 216 W Emerson St, Paragould, AR 72450 +1 (870) 215 - 4000
First Security Bank 7 Wilson Farm Rd, Greenbrier, AR 72058 +1 (501) 679 - 5175
Southern Bancorp Bank 1615 W Hillsboro St, El Dorado, AR 71730 +1 (870) 875 - 6041
Farmers Bank 403 W Main St, Lavaca, AR 72941 +1 (479) 674 - 4000
Snow's Tax & Financial Service 144 Linwood Dr, Paragould, AR 72450 +1 (870) 208 - 4089
Bank of America with Drive-thru ATM 1151 W Walnut St, Rogers, AR 72756 +1 (479) 636 - 2000
USA Mortgage - Forrest City 1338 N Washington St, Forrest City, AR 72335 +1 (800) 315 - 9416
E-Z Pawn & Audio Sales 2016 AR-25 Bypass, Heber Springs, AR 72543 +1 (501) 362 - 8786
Farm Credit of Western Arkansas - Tontitown 1091 W Henri De Tonti Blvd, Springdale, AR 72762 +1 (479) 717 - 6740

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Washington, AR, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in North Little Rock, AR, Short-term Loans in Pine Bluff, AR, Payday Loan for Rogers, AR, Online Loans in Sherwood, AR, Guaranteed Loans in Springdale, AR, Payday Loans in Texarkana, AR, Payday Loans in Benton, AR and Bad Credit Loans in Bentonville, 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 Washington, AR.

Beautiful sights of Washington, AR

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

71862

Are Payday Loans Legal In Washington, 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

Washington, AR payday loan calculator

Payday loans are a type of short-term loan that is designed to provide quick cash to a borrower. These loans are usually due on the borrower’s next payday and often carry high-interest rates and fees. In Washington, Arkansas, however, it is important to note that payday loans are prohibited by law.

Understanding Payday Loans

While payday loans may seem like a convenient way to get cash when you need it, they are often associated with high costs for borrowers. In a payday loan transaction, a borrower writes a postdated check to the lender in exchange for a cash advance. The check is typically dated for the borrower’s next payday, and the lender will hold onto it until that date. When the loan is due, the borrower must either pay off the loan and fees in full or renew the loan, paying additional fees and interest.

One of the biggest issues with payday loans is the high interest rates and fees associated with them. In many cases, borrowers end up paying more in fees than they did for the cash advance itself. Additionally, if a borrower is unable to pay off the loan on time, they may be subject to additional fees and interest charges, which can quickly spiral out of control.

Payday Loans in Washington, Arkansas

It is important to note that payday loans are prohibited in the state of Arkansas, including in Washington. The Arkansas Constitution caps the interest rates on consumer loans at 17 percent, effectively prohibiting payday lending in the state.

Despite the prohibition, it is important for consumers to remain vigilant when it comes to payday lenders. Predatory lending practices can be especially harmful to vulnerable individuals who may be struggling financially. Rather than turning to payday lenders, borrowers in Washington may want to explore other options, such as the following:

  • Personal loans
  • Credit unions
  • Credit cards
  • Short-term loans from family or friends
  • Government assistance programs

Interesting Facts and Statistics

According to the Center for Responsible Lending, payday loans cost American borrowers over $9 billion in fees every year. Additionally, the average payday loan borrower takes out 10 loans per year, spending an average of 199 days in debt annually. Furthermore, 80 percent of payday loans are rolled over or renewed, leading to even more fees and interest charges.

These statistics illustrate the high costs associated with payday lending and the need for borrowers to explore alternative options when in need of cash.

Apply Now

If you are in need of cash and exploring your options, TheGuaranteedLoans can help connect you with potential lenders. We specialize in payday loans, title loans, and other short-term lending options, and we work with a network of trusted lenders to help you find the right loan for your needs.

It is important to note that TheGuaranteedLoans is a connector service and not a direct lender. By connecting with lenders through our platform, you can compare rates and terms to find the loan that works best for you.

In conclusion…

While payday lending may seem like a quick and easy solution to your financial needs, it is important to understand the high costs and risks associated with these types of loans. In Washington, Arkansas, payday loans are prohibited by law, but borrowers can explore alternative options such as personal loans, credit unions, and government assistance programs. By working with a trusted connector service like TheGuaranteedLoans, you can compare rates and terms to find the loan that works best for your needs and budget.

F.A.Q.

Can a payday loan company file a lawsuit against me in Washington, Arkansas?

No, a payday loan company cannot file a lawsuit against you in Washington, Arkansas because these loans are illegal in the state.

Are there any federal laws that apply to payday loans in Washington, Arkansas?

Yes, there are federal laws that apply to payday loans in Washington, Arkansas, including the Military Lending Act and the Truth in Lending Act. These laws provide protections for consumers and regulate the practices of payday lenders.