Payday loans in Arkansas | finder.com
Arkansas payday loans

Compare your loan options in Arkansas

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If you’re looking for a payday loan in Arkansas, you may need to consider other options.

If you’re in need of quick cash and are looking for a small loan, getting one from a payday lender may have crossed your mind. This guide will help you navigate the laws surrounding short-term lending in Arkansas.

CashUSA Installment Loans

Our top pick: CashUSA

Need a quick cash loan as high as $10,000? This loan connection service could help.

  • Min. Loan Amount: $500
  • Max. Loan Amount: $10,000
  • Loan Term: 90 days to 72 months
  • Turnaround Time: As early as 1 business day
  • Requirements: Must have a monthly income of $1,000+ after taxes and valid checking account.

    Can I get a payday loan in Arkansas?

    No. Payday loans aren’t legal in Arkansas. The Check Casher Act, as defined by Arkansas Code 23-52-101 et. seq, was repealed in 2011. However, some loan brokers may be able to connect you with suitable lenders and some lenders may still provide installment loans that meet the state’s requirements.

    Loan connection services to consider

    Rates last updated January 21st, 2019
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Max. Loan Amount Turnaround Time Requirements
    CashUSA Installment Loans
    A connection service for quick cash loans up to $10,000.
    $10,000
    As early as 1 business day
    Must have a monthly income of $1,000+ after taxes and valid checking account.
    LendYou Short-term Loans
    Apply online with this loan-connection service offering unrestricted short-term loans with fast turnaround.
    $15,000
    1 business day
    You must be a US citizen or permanent resident, age 18+ and have a regular income.
    Slam Dunk Loans
    Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.
    $2,500
    As soon as next business day
    Must be employed, receive regular income, earn at least $800 a month, have a checking account, be 18+ yrs old and a US citizen.
    TriangleCash Payday Loans
    If you have bad credit or no credit history, apply to be connected to a network of lenders for funding at rates that vary by state.
    $1,000
    As soon as next business day
    You must be a US citizen, at least 18 years old, and have a valid bank account.
    CashAdvance.com Payday Loans
    Whether for emergencies or unexpected expenses, this provider may be able to connect you among its nationwide network of lenders.
    $1,000
    1–2 business days
    You must be at least 18 years old with take-home monthly income of at least $1,000 after taxes.

    Compare up to 4 providers

    How much will a loan in Arkansas cost?

    When you get credit, you have to repay the principal along with interest in addition to other fees and charges. The cap on interest is 17%, however it could be lower depending on your credit score, the amount you wish to borrow, the loan term, the type of credit and the lender you choose.

    Lenders can charge the following fees:

    • Application fees
    • Loan disbursement fees
    • Loan settlement fees
    • Late fees
    • Non-Sufficient Funds (NSF) fees

    To find out how much your loan may end up costing you, go through the loan contract carefully. You’re under no obligation to sign, and comparing your options can help you pick out the best solution for your financial troubles.

    What other options do I have if I need extra cash?

    While you can’t get a payday loan or a cash advance in Arkansas, you can get funds in other ways. Your options include:

    • Tribal loans. You may consider going through a tribal lender. Tribal lenders operate on Native American sovereign land and aren’t regulated under state law. Be sure to check that the lender is legit before applying though.
    • Credit card cash advance. If you have a credit card, consider a cash advance. Although expensive, this usually has lower interest than payday loans and can help you get through a rough financial period.
    • Settle your debt. Depending on your credit score, you may be able to settle your debt for less than you currently owe. This could help with your monthly budget. Consider a debt relief company for help in negotiating with creditors and paying off your debt.
    • Government assistance programs. You may also want to look into assistance programs like the Home Energy Assistance Program (HEAP) or Food Stamp Program when you’re struggling to pay your bills. These can lower your daily expenses so you can afford to pay for other things in your daily living budget.

    Explore payday loan alternatives in your area

    I found a payday lender in Arkansas willing to give me a loan. Is it legit?

    If the company is offering true payday loans that need to be paid back in one lump sum with costs above 17% APR, it’s not legit. Payday loans are prohibited in Arkansas.

    You could look for a few things in a company to determine if it’s reputable. These include, among other things:

    • A physical address in the US
    • A phone number
    • Company registrations with the state

    A legit lender won’t ask for advance fees before approving you for a loan or sending you funds. Read our guide on how to spot a payday loan scam to keep your money and personal information safe.

    To report a payday lender operating in the state or a scamming company, contact the Arkansas State Attorney General. If you’ve accidentally accepted an illegal payday loan, you may not have to pay. Inform the State Attorney General and deal with the matter lawfully.

    Bottom line

    Although you won’t be able to get a payday loan in Arkansas, there are other short-term loan options that can help you get the money you need whenever an emergency hits. Just keep in mind that these forms of credit are costly and you could end up paying back more than what you borrow if you get stuck in debt cycle.

    Have any more questions about Arkansas short-term loans?

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    8 Responses

    1. Default Gravatar
      KilaSeptember 15, 2018

      Where can i get a cash loan from in arkansas

      • Default Gravatar
        joelmarceloSeptember 15, 2018

        Hi Kila,

        Thanks for leaving a question on finder.

        Unfortunately, you can’t get a payday loan or a cash advance in Arkansas, you can get funds in other ways. Your options include:

        – Tribal loans. You may consider going through a tribal lender. Tribal lenders operate on Native American sovereign land and aren’t regulated under state law. Be sure to check that the lender is legit before applying though.
        – Credit card cash advance. If you have a credit card, consider a cash advance. Although expensive, this usually has lower interest than payday loans and can help you get through a rough financial period.
        – Settle your debt. Depending on your credit score, you may be able to settle your debt for less than you currently owe. This could help with your monthly budget. Consider a debt relief company for help in negotiating with creditors and paying off your debt.
        – Government assistance programs. You may also want to look into assistance programs like the Home Energy Assistance Program (HEAP) or Food Stamp Program when you’re struggling to pay your bills. These can lower your daily expenses so you can afford to pay for other things in your daily living budget.

        Although you won’t be able to get a payday loan in Arkansas, there are other short-term loan options that can help you get the money you need whenever an emergency hits. Just keep in mind that these forms of credit are costly and you could end up paying back more than what you borrow if you get stuck in debt cycle.

        Cheers,
        Joel

    2. Default Gravatar
      HippieJuly 23, 2018

      If I’m an Arkansas resident and buy a car in missouri that has a title loan lien can I legally title the vehicle in arkansasI

      • finder Customer Care
        JoshuaAugust 5, 2018Staff

        Hi Hippie,

        Thanks for getting in touch with finder. I hope all is well with you. :)

        In most cases, if a car has a lien applied in it, the lender holds the original copy of the title. The car title will only be returned upon completely paying all outstanding balance. For this reason, you might have a hard time transferring the title of your vehicle in Arkansas.

        To get a more personalized answer, please seek professional advice.

        I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

        Have a wonderful day!

        Cheers,
        Joshua

    3. Default Gravatar
      KkOctober 31, 2017

      I have bad credit but need a medical loan for $8,500 and I can put my car up for collateral but who will take a chance with me being young and having bad credit?

      • finder Customer Care
        HaroldNovember 1, 2017Staff

        Hi Kk,

        Thank you for your inquiry.

        You may find difficult find a loan when you have a low credit score. But there are lenders who considers people with bad credit where you can apply for.

        I hope this information has helped.

        Cheers,
        Harold

    4. Default Gravatar
      JenniferAugust 14, 2017

      I need a loan to start a seasonal business I need about $8,000 til Nov 2017 I have horrible credit but is there a chance someone may help. Please I’m desperate

      • finder Customer Care
        HaroldAugust 15, 2017Staff

        Hi Jennifer,

        Thank you for your inquiry.

        You may want to consider the small business loan options here. – http://bit.ly/2vXD0JW

        I hope this information has helped.

        Cheers,
        Harold

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