Payday Loans in Evansville, Arkansas

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

Company nameAddressZip codePhone number
Casa de Dinero 1900 W Huntsville Ave, Springdale, AR 72762 +1 (479) 419 - 9826
Title Guaranty Co 100 E North St, Magnolia, AR 71753 +1 (870) 234 - 1291
United States Postal Service 220 N Main St, Nashville, AR 71852 +1 (800) 275 - 8777
Jackson Hewitt Tax Service 701 7th St, Mena, AR 71953 +1 (479) 394 - 4749
Arkansas Federal Credit Union 2000 W Walnut St, Rogers, AR 72756 +1 (501) 982 - 1000
Regions Bank 201 S Denver Ave, Russellville, AR 72801 +1 (800) 734 - 4667
The Bank of Fayetteville 202 Hindman Dr, Prairie Grove, AR 72753 +1 (479) 846 - 5414
Farm Credit of Western Arkansas - Russellville 2797 E Parkway Dr, Russellville, AR 72802 +1 (479) 968 - 5030
First Service Bank 134 S Broadview St, Greenbrier, AR 72058 +1 (501) 679 - 7300
Arvest Bank 132 N Curtis Ave, Pea Ridge, AR 72751 +1 (479) 451 - 8155

Payday Loan Companies in Nearby Cities

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

Are Payday Loans Legal In Evansville, 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

Evansville, AR payday loan calculator

In Evansville, Arkansas, payday loans are prohibited by law, meaning that there are no legal payday lending stores operating in this area. While this may seem like bad news for those in need of short-term loans, there are still several options available that will help you get the cash you need when you need it.

What is a Payday Loan?

A payday loan is a type of short-term loan that is typically used to help bridge the gap between paychecks. They are designed to be repaid in full, along with any interest or fees, on the borrower’s next payday.

These loans are typically easy to obtain and often don’t require a credit check. The downside, however, is that they typically come with high interest rates and fees, which can make them difficult to repay and can lead to a cycle of debt if not managed responsibly.

Why are Payday Loans Prohibited in Arkansas?

The state of Arkansas has some of the strictest laws in the country when it comes to payday lending. In 2008, the state passed the Arkansas Check Casher Act, which prohibits payday lending stores from operating in the state.

This law was passed in response to concerns about the high-interest rates and fees associated with payday loans. Lawmakers were also concerned about the growing number of consumers who were becoming trapped in a cycle of debt as a result of these loans.

Alternatives to Payday Loans in Evansville, Arkansas

Despite the fact that payday loans are prohibited in Arkansas, there are still several options available for those in need of short-term loans. Here are a few alternatives to consider:

Personal Loans

Personal loans are a great option for those in need of quick cash. These loans typically have lower interest rates than payday loans and can be repaid over a longer period of time, making them a more manageable option for many borrowers.

Many banks, credit unions, and online lenders offer personal loans, so it’s worth shopping around to find the best rates and terms for your needs.

Credit Cards

If you have an existing credit card, you may be able to use it to cover your expenses. While credit cards often come with high-interest rates, they are a better option than payday loans as long as you can make your payments on time.

Just be sure to read the fine print and be aware of any fees associated with using your credit card for cash advances or other expenses.

Local Programs and Charities

There are several local programs and charities in Evansville that may be able to provide assistance to those in need of financial help. These programs may offer assistance with rent, utilities, or even medical bills.

Be sure to do your research and find out what programs are available in your area. Some organizations may have specific eligibility requirements, so it’s important to read the fine print before applying.

Online Lenders

While you should be cautious when working with online lenders, there are plenty of reputable lenders out there who can provide you with the funds you need quickly and easily.

Be sure to do your research and read reviews of any lender you are considering working with. You should also be aware of any fees or high-interest rates associated with the loan before accepting it.

Interesting Facts and Statistics about Payday Loans

  • In 2019, the average payday loan in the United States was $375, with an average interest rate of 391%
  • 12 million Americans take out payday loans each year
  • Payday loans are banned in 14 states, including Arkansas
  • The average payday loan borrower takes out eight loans per year
  • Payday loans are often used by low-income earners who may not have access to other forms of credit

Apply Now

While payday loans may be prohibited in Arkansas, there are still plenty of options available for those in need of short-term loans. TheGuaranteedLoans is a connector service that can help connect you with potential lenders who can provide you with the funds you need quickly and easily.

Just remember, it’s important to be responsible when taking out any type of loan. Be sure to read the fine print and understand any fees or high-interest rates associated with the loan before accepting it. If you’re not sure whether a loan is right for you, consider reaching out to a financial advisor or credit counselor for guidance.

F.A.Q.

Can I be sued for not paying back a payday loan in Evansville, Arkansas?

Because payday loans are illegal in Evansville, Arkansas, lenders cannot sue borrowers for not paying back the loan. However, borrowers may still be responsible for paying back any money they borrowed, even if the loan was illegal.

Can payday loan lenders garnish my wages in Evansville, Arkansas?

No, payday loan lenders cannot garnish your wages in Evansville, Arkansas because payday loans are illegal in the state.