Payday Loans in Traskwood, Arkansas

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

Company nameAddressZip codePhone number
Bank of England Mortgage 1327 Main St, Conway, AR 72034 +1 (501) 436 - 3695
State Farm Insurance 606 S Mt Olive St, Siloam Springs, AR 72761 +1 (479) 524 - 9564
Fairfield Federal Credit Union 206 AR-81, Pine Bluff, AR 71601 +1 (870) 536 - 0243
Jackson Hewitt Tax Service 926 W Keiser Ave, Osceola, AR 72370 +1 (870) 563 - 5829
Piggott State Bank 212 W Cherry St, Piggott, AR 72454 +1 (870) 598 - 3802
Walmart Money Center 1123 Highway 79 167 Byp, Fordyce, AR 71742 +1 (870) 352 - 5167
Walmart Money Center 311 Oakland St, McGehee, AR 71654
Turner Michael N CPA 2802 Stegall Rd b, Newport, AR 72112 +1 (870) 523 - 3490
IBERIABANK 205 Rice St, Pocahontas, AR 72455 +1 (870) 892 - 5252
Bank of America Financial Center 2500 E Highland Dr, Jonesboro, AR 72401 +1 (870) 933 - 4351

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Traskwood, AR, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Little Rock, AR, Payday Loans in North Little Rock, AR, Payday Loans in Pine Bluff, AR, No Credit Check Loans in Rogers, AR, Same Day Loans in Sherwood, AR, Payday Loan Without a Credit Check in Springdale, AR, Payday Loans in Texarkana, AR and Payday Loans in Benton, 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 Traskwood, AR.

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

72167

Are Payday Loans Legal In Traskwood, 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

Traskwood, AR payday loan calculator

What Are Payday Loans in Traskwood, Arkansas?

Payday loans are short-term loans intended to provide individuals with immediate access to cash to cover unexpected expenses or emergencies. These loans typically have high-interest rates and fees and are due to be repaid in full on the borrower’s next payday.

Please note that payday loans are prohibited in Arkansas under the Arkansas Check Cashers Act (Ark. Code Ann. § 23-52-101 et seq.). Therefore, lenders cannot legally provide payday loans to consumers in Traskwood, Arkansas. This law was enacted to protect consumers from the high fees and interest rates associated with payday loans, which can lead to a cycle of debt and financial hardship.

Alternatives to Payday Loans in Traskwood, Arkansas

While payday loans are not available in Traskwood, Arkansas, there are several alternative options for individuals in need of fast cash:

  • Personal loans: Personal loans from traditional banks or online lenders can provide borrowers with access to larger amounts of cash with more reasonable interest rates and repayment terms than payday loans. However, the approval process may take longer than with payday loans, so they may not be ideal for urgent needs.
  • Credit cards: Credit cards can provide individuals with access to immediate cash and offer more flexible repayment options. However, credit card interest rates can be high, and individuals may quickly accumulate debt if they are not careful.
  • Community assistance programs: Community assistance programs, such as local charities or non-profits, may be able to provide individuals with financial assistance for emergency expenses. These programs may have income restrictions and other eligibility requirements, so individuals should research their options carefully.

Interesting Facts about Payday Loans in Traskwood, Arkansas

  • Arkansas is one of 18 states in the United States that prohibit payday lending.
  • In 2008, the Arkansas Supreme Court ruled that payday lenders violate state usury laws and cannot charge interest rates higher than 17% per year.
  • While payday lending is prohibited in Arkansas, neighboring states such as Missouri, Oklahoma, and Tennessee still allow payday loans.
  • The average payday loan borrower takes out eight loans per year, with a total of $375 owed in fees alone.

Apply Now

If you are in need of fast cash in Traskwood, Arkansas, TheGuaranteedLoans can connect you with potential lenders who offer personal loans, title loans, and other loan options. Remember, however, that payday loans are prohibited in Arkansas, and accepting loans from unlicensed lenders can lead to financial fraud and other legal issues.

Fill out our online application today. We are a connector service, not a direct lender, and we work with a network of trusted lenders to help you find the best loan option for your needs and budget. Our application is easy to fill out and takes only a few minutes to complete. Get in touch with us now and let us help you get the funds you need quickly and safely.

TheGuaranteedLoans is committed to providing our readers with accurate, transparent, and up-to-date financial information. Remember, however, that loans come with risks, and individuals should carefully consider their options and ensure that they are working with licensed and reputable lenders before accepting any loan offer.

F.A.Q.

Can I be sued or have my wages garnished if I default on a payday loan in Traskwood, Arkansas?

No, because payday loans are illegal in Traskwood, Arkansas, lenders cannot sue borrowers or garnish their wages for non-payment.

Are there any protections for borrowers who take out illegal payday loans in Traskwood, Arkansas?

Yes, the state of Arkansas has established several protections for borrowers who may be misled or exploited by illegal payday lenders. These include the right to cancel a loan within five days, the right to dispute any charges or fees, and the right to seek legal assistance.