Payday Loans in Yorktown, Arkansas

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

Company nameAddressZip codePhone number
First National Bank At Paris 11 E Main St, Paris, AR 72855 +1 (479) 963 - 2121
First Arkansas Bank & Trust 185 Bone St, Clinton, AR 72031 +1 (800) 982 - 4511
Simmons Bank North, 473 Hwy 425, Monticello, AR 71655 +1 (870) 367 - 5334
Signature Bank of Arkansas 3878 N Crossover Rd, Fayetteville, AR 72703 +1 (479) 684 - 3700
BancorpSouth Bank 749 W Keiser Ave, Osceola, AR 72370 +1 (870) 563 - 2265
Pak Plaza Pawn Shop 3601 Central Ave, Hot Springs National Park, AR 71913 +1 (501) 623 - 7561
Meredith Peeler - State Farm Insurance Agent 620 Julia Ave E, Wynne, AR 72396 +1 (870) 238 - 3800
Unico Bank 1100 N Illinois Ave, Harrisburg, AR 72432 +1 (870) 578 - 2464
Arvest Bank 2009 Browns Ln, Jonesboro, AR 72401 +1 (870) 802 - 2300
Arvest Bank 1517 Central Blvd, Bull Shoals, AR 72619 +1 (870) 445 - 4247

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Yorktown, AR, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Texarkana, AR, Payday Loans in Benton, AR, Bad Credit Loans in Bentonville, AR, Payday Loans in Conway, AR, Payday Loans in Fayetteville, AR, Quick Loan in Fort Smith, AR, 24-Hour Loan in Jonesboro, AR and No Credit Check Loans 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 Yorktown, AR.

Are Payday Loans Legal In Yorktown, 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

Yorktown, AR payday loan calculator

Payday Loans in Yorktown, Arkansas: A Comprehensive Guide

Payday loans can be a tempting option for those who need cash quickly. However, if you live in Yorktown, Arkansas, you should be aware that payday loans are prohibited by state law. In this guide, we’ll explore the details of why payday loans are prohibited in Arkansas, common alternatives to payday loans, and some interesting facts and statistics about payday loans in Yorktown.

Why Are Payday Loans Prohibited in Arkansas?

The state of Arkansas has strict regulations in place that prohibit payday lenders from conducting business within state limits. The Arkansas State Board of Collection Agencies oversees the regulation of payday lenders, and any payday lender in violation of state law is subject to steep fines and penalties.

One of the primary reasons that payday loans are prohibited in Arkansas is due to the exorbitant interest rates that lenders charge. Payday lenders often target low-income individuals who may not have other options for borrowing money, and these borrowers can find themselves trapped in a cycle of debt due to the high interest rates and fees associated with payday loans.

It’s important to note that while payday loans are not legal in Arkansas, other types of loans are available to help individuals who need cash quickly.

Common Alternatives to Payday Loans in Yorktown

  • Credit Cards: Credit cards can be a useful alternative to payday loans for those who need cash quickly. While credit cards may also charge high interest rates, they generally offer more flexibility in terms of repayment options.
  • Personal Loans: Personal loans can be obtained from banks, credit unions, or online lenders. Personal loans typically have lower interest rates and more reasonable repayment terms than payday loans, making them a popular alternative.
  • Borrowing from Friends or Family: While it may be uncomfortable to ask for help from loved ones, borrowing from friends or family can be a viable alternative to payday loans. Be sure to have a clear repayment plan in place to avoid straining relationships.
  • Government Assistance Programs: Depending on your financial situation, you may be eligible for government assistance programs that can provide cash or other forms of assistance. Check with your local government agency to see what options are available to you.

Interesting Facts and Statistics About Payday Loans in Yorktown, Arkansas

  • Approximately 12 million Americans use payday loans each year.
  • The average payday loan borrower takes out eight loans per year.
  • Payday loans are banned in 16 states, including Arkansas.
  • In states where payday loans are legal, the average interest rate is 391%.
  • In Arkansas, the maximum allowable interest rate on any loan is 17%.

Apply Now

If you’re in need of cash quickly and are considering alternative options to payday loans, TheGuaranteedLoans can help. We are a connector service that facilitates connections between potential borrowers and lenders, and we can help you find a personal loan that meets your needs.

Keep in mind that we are not a direct lender and cannot offer loans directly. However, we can help you find a loan that suits your needs and connect you with lenders who may be able to help.

To get started, simply fill out our online application form and we’ll help you find the loan you need.

Remember, borrowing money should always be done responsibly, and you should never take on more debt than you can afford to repay. By considering alternative options to payday loans, you can ensure that you’re making the best choice for your financial situation.

F.A.Q.

What are the alternatives to payday loans in Yorktown, Arkansas?

Consumers in Yorktown, Arkansas can seek out small, short-term loans from credit unions or banks, or can consider using a credit card or personal loan for financial emergencies.

Why are payday loans prohibited in Yorktown, Arkansas?

Payday loans are prohibited in Yorktown, Arkansas due to their high interest rates and fees, which can trap consumers in a cycle of debt.