Arkansas Payday Loans

In the state of Arkansas payday loans are legal. The state has specific laws relating to money lending. The loan amount is provided to you by financial institutions which are generally companies. If you are dealing with a reputable company then it will not lend you a loan amount exceeding the legal limit i.e. $400. You are suggested to be cautious if any such financial institution or company offers you a loan amount more than this.

The Arkansas payday loans law however does not provide the minimum limit that you can borrow from these Arkansas payday loans companies. The rate of interest these lenders can charge you is legally regulated. The state’s Attorney General asks for a cap of 17% interest rate on the principal amount. But the legally settled interest limit a lender can charge from you can not be in excess of 10% or $25 on the face value of the loan amount.

Arkansas Payday Loans: Laws & Regulations

The finance charge on 14 day Arkansas payday loans of $100 will be $22.20 and the calculated APR for this will be 579%. Furthermore, the law requires you to pay to the lender any additional fees which they might ask to for not in excess of $10. This excludes the ID card fee which is $5. You can get this loan from your lender for a minimum of 6 days and a maximum of 31 days time.

The state does not permit rolling over of the Arkansas payday loans. Rollover here would mean renewal of the Arkansas payday loans process whereby you will have to pay fees again each time you renew your loan. You however need not pay the principal amount again. The law this way seems to be borrower friendly because rolling over causes inconvenience to the borrowers and you end up paying more than your loan amount in the form of interest.

arkansas payday loans

Also a lending company is barred from bringing a criminal action against you as the borrower unless stop payment was made or your check was returned due to a closed account.

Advance America Cash Advance

This Arkansas payday loans provider offers a wide variety of services including loan agency money order services etc. They claim to lend to any one for any reason any amount of money. You can get money credited to your account by just filling an online application form. Not having a good credit is not a limitation to them for asking a payday loan. You can easily pay back also by check, cash, discover, master card, visa. Give them a call at 501-371-0010 or visit their website at

Fast Cash Loans

This Arkansas payday loans company offers a wide variety of financial products and services. They offer many services like cash advances, payday loans, check to card, visa gift card, and money gram. They claim to be publicly traded company and aim at solving their customer’s problems to their priority. You can apply for a payday loan by visiting their branch office at Little Rock. They also allow online loan applications. You just have to fill a simple online form. Give them a call at 501-753-3967 or visit their website at

Safe Online

This Arkansas payday loans lender offers big arrangement of financial services and products. You generally get ready cash available to your account by just filling an online application. They online require you to provide some basic information about you. They claim their staff to be friendly and keep your information confidential. As soon as you qualify for the loan your funds will be credited to your account. You should be an adult and have valid proof of identity to succeed in getting loans. Give them a call at 206-338-1694 or visit their website at

If you’ve had a good or a bad experience with a specific Arkansas payday loans company, please share it with the rest of us so we can all benefit from the information. Also, if you have any questions about Arkansas payday loans, you can ask them here, and either one of our staff or another visitor will answer it the same day. You can also feel free to sound off on the cash advance industry itself, and say whether you feel payday loans are inherently good or evil. This will help provide a well-balanced discussion on Arkansas payday loans.

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