Payday Loans in Summers, Arkansas

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

Company nameAddressZip codePhone number
Tax Centers of America 712 S Lincoln Ave, Star City, AR 71667 +1 (870) 628 - 4600
Arvest Bank 3502 John F Kennedy Blvd, North Little Rock, AR 72116 +1 (501) 379 - 7365
BKD, LLP 400 W Capitol Ave 2500, Little Rock, AR 72203 +1 (501) 372 - 1040
Legacy National Bank 4055 W Sunset Ave, Springdale, AR 72762 +1 (479) 717 - 1900
BancorpSouth Bank 200 S Elm St, Hope, AR 71801 +1 (870) 777 - 2313
Dodge's 3605 S Division St, Blytheville, AR 72315 +1 (870) 762 - 5247
Western Union Pilot Travel Centers, 7801 Alcoa Rd, Benton, AR 72019 +1 (501) 794 - 5900
Walmart Supercenter 4208 S Pleasant Crossing Blvd, Rogers, AR 72758 +1 (479) 621 - 9769
First Commercial Bank 750 W Keiser Ave, Osceola, AR 72370 +1 (870) 563 - 3232
First National Bank of NWA 801 N Dixieland Rd, Rogers, AR 72756 +1 (479) 621 - 6800

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Summers, AR, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Benton, AR, Payday Loans in Bentonville, AR, Payday Loans in Conway, AR, Short-term Loans in Fayetteville, AR, No Credit Check Loans in Fort Smith, AR, Emergency Loan in Jonesboro, AR, Payday Loans in Little Rock, AR and Payday Loan for North 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 Summers, AR.

Beautiful sights of Summers, AR

Are Payday Loans Legal In Summers, 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

Summers, AR payday loan calculator

The Truth About Payday Loans in Summers, Arkansas

Payday loans can be tempting when you’re strapped for cash. After all, they promise quick and easy access to money when you need it most. However, in Summers, Arkansas, payday loans are prohibited, and for good reason.

While other states might allow payday lenders to operate, Arkansas is one of only a handful of states that has taken a strong stance against payday lending. In fact, Arkansas has some of the toughest laws against payday lending in the country.

Why Are Payday Loans Prohibited in Arkansas?

Payday loans are prohibited in Arkansas because they often come with exorbitant interest rates and fees that can trap borrowers in a cycle of debt. Without proper regulation, payday lenders could charge interest rates as high as 400% APR and trap borrowers in a cycle of debt, leaving them unable to pay off the original loan.

In 2008, the Arkansas Supreme Court ruled that payday loans violated state usury laws, which set a maximum interest rate for loans at 17%. Since then, payday lenders have been unable to operate within the state’s borders, effectively protecting consumers from predatory lending practices.

Interesting Facts About Payday Loans in Summers, Arkansas

  • The average payday loan interest rate in Arkansas before it was banned was 340% APR.
  • Payday lenders took in over $1.4 billion in fees from Arkansas borrowers between 1999 and 2008.
  • Studies have shown that payday lending disproportionately affects vulnerable communities, including low-income and minority households.

What Are My Alternatives to Payday Loans in Summers, Arkansas?

If you’re in need of quick cash, there are several alternatives to payday loans available in Summers, Arkansas. For example, you could consider:

  • Asking for a salary advance from your employer
  • Applying for a personal loan from a bank or credit union
  • Selling unwanted items
  • Doing odd jobs for cash

Apply Now with TheGuaranteedLoans

If you’re looking for a loan and don’t know where to start, consider filling out an application on our website. As a connector service, TheGuaranteedLoans can help you find potential lenders who might be able to provide you with the cash you need. Best of all, there’s no obligation to accept any offer you’re made.

Remember, payday loans are not available in Summers, Arkansas. Instead, consider exploring other options and always do your research before taking out a loan.

F.A.Q.

Can I still be charged fees on a payday loan in Summers, Arkansas?

No, you cannot be charged fees on a payday loan in Summers, Arkansas because these loans are illegal in the state.

Can I be evicted from my home for taking out a payday loan in Summers, Arkansas?

No, you cannot be evicted from your home for taking out a payday loan in Summers, Arkansas because these loans are illegal in the state.