Payday Loans in Compton, Arkansas

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

Company nameAddressZip codePhone number
Telcoe Federal Credit Union 1123 S University Ave, Little Rock, AR 72204 +1 (501) 375 - 5321
First National Bank of NWA 350 E Centerton Blvd, Centerton, AR 72719 +1 (479) 795 - 4200
First Stop Pawn & Loan 205 Springfield St, Plumerville, AR 72127 +1 (501) 208 - 9904
Ron Martindale - Mortgage Advisor - United Federal Credit Union 2000 S Promenade Blvd Ste 103, Rogers, AR 72758 +1 (479) 358 - 8315
Fountain Financial & Tax 400 N Main St, Harrison, AR 72601 +1 (870) 741 - 0361
First National Bank 635 E Main St, Piggott, AR 72454 +1 (870) 598 - 1362
Farm Credit of Western Arkansas - Magnolia 1703 Pittman St, Magnolia, AR 71753 +1 (870) 234 - 8611
BCU 1900 AR-201, Mountain Home, AR 72653 +1 (800) 388 - 7000
First Paragould Bankshares Inc 219 W Emerson St, Paragould, AR 72450 +1 (870) 215 - 4000
GenWealth Financial Advisors 612 W Commerce St 2, Bryant, AR 72022 +1 (501) 653 - 7355

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Compton, AR, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Fort Smith, AR, Guaranteed Loans in Jonesboro, AR, Emergency Loan in Little Rock, AR, Payday Loans in North Little Rock, AR, Payday Loans in Pine Bluff, AR, Online Loans in Rogers, AR, 24-Hour Loan in Sherwood, AR and Payday Loans in Springdale, 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 Compton, AR.

Are Payday Loans Legal In Compton, 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

Compton, AR payday loan calculator

Payday Loans in Compton: Understanding the Law and Alternatives

Payday loans are a popular way to get quick cash when you’re in a bind, but they aren’t always legal. In Compton, Arkansas, payday loans are prohibited by law.

Although this may seem limiting, there are still alternatives available to those in need of quick cash. Read on to learn more about payday loans in Compton and your options.

The Basics of Payday Loans

Payday loans are short-term loans that usually carry high interest rates and fees. They are typically meant to help people get through a financial emergency until their next paycheck arrives.

In Arkansas, payday loans are illegal under state law, including in Compton. The Arkansas Constitution sets a maximum interest rate of 17 percent annually, making it impossible for payday lenders to operate within the state.

Alternatives to Payday Loans

If you’re in need of quick cash in Compton, there are alternatives to payday loans available to you. Here are a few options to consider:

  • Installment Loans: These loans are typically larger and carry lower interest rates than payday loans.
  • Credit Cards: Depending on your credit limit, credit cards can provide a quick source of cash with potentially lower interest rates than payday loans.
  • Personal Loans: Local banks and credit unions in Compton may offer personal loans that can provide the funds you need.
  • Federal Programs: The Federal Emergency Management Agency (FEMA) offers disaster assistance loans to qualified individuals who have experienced a disaster.

The key is to explore all of your options before resorting to a payday loan.

Beware of Online Lenders

Although storefront payday lenders are prohibited in Arkansas, online lenders may still attempt to offer payday loans in the state. It’s important to be cautious when dealing with online lenders, as many of them operate outside of state regulations and may charge high interest rates and fees.

Before applying for a loan from an online lender, make sure to do your research to confirm that they are a reputable company. Check their customer reviews and ensure that they are in compliance with state and federal regulations.

Interesting Facts about Payday Loans in Arkansas

  • Arkansas is one of 18 states which have prohibited payday loans.
  • Since the passing of the Arkansas Check-Cashers Act in 1999, payday lending has been illegal in the state.
  • The average borrower takes out eight payday loans per year in Arkansas.
  • Between 2009 and 2013, payday lenders collected more than $500 million in fees and interest from Arkansas residents before the state Supreme Court shut them down.
  • Payday lenders continue to try to operate in Arkansas illegally.
  • The Arkansas Attorney General’s office reports that scammers are targeting residents who have previously taken out payday loans by posing as debt collectors and threatening criminal charges or jail time.

Apply Now

If you’re in need of quick cash in Compton, TheGuaranteedLoans is here to help. We are a connector service that can help you connect with potential lenders who may be able to provide the funds you need.

It’s important to remember that we aren’t a direct lender and we don’t make loan decisions. However, we can help you explore your options and connect you with lenders who may be willing to work with you.

If you’re in need of quick cash in Compton, apply now and see what options are available to you.

Disclaimer: TheGuaranteedLoans is not a direct lender and does not make credit decisions. TheGuaranteedLoans is a connector service that facilitates connections between borrowers and potential lenders.

F.A.Q.

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

If a payday loan lender is threatening you with legal action in Compton, 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 Compton, Arkansas?

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