ARKANSAS CASH LOANS
Good news, Arkansas residents! If you are strapped for cash, CashLoan.org can help you. CashLoan.org offers a quick and confidential service: take two minutes to fill out your application, and within 90 seconds the approval will come through and an hour after that the funds will be waiting for you in your account. It is that easy.
CashLoan.org understands that emergencies happen. Whether it is a medical emergency, a car repair, a surprise party that requires a gift from you, or an unexpected school expense, a cash advance loan may be just the thing you need to take care of the situation. A cash advance is a short-term loan meant to keep you afloat between paychecks and, as such, usually is paid back within a couple of weeks. The application process is fast and easy with approval time 90 seconds or less.
There’s no need to wait until your next paycheck to take care of your financial emergency- a cash advance loan is just a click away. Simply APPLY NOW online or contact us today!
State Law
Arkansas state law prohibits payday loans with interest rates in the triple digits. If there is check holding, single payment loans by check cashers are permitted. Lenders are only allowed to issue one loan at a time. Borrowers are allowed to obtain two separate cash advance loans within 72 hours. Lenders may only bring criminal action against a borrower if a stop payment is made on the check or if it is returned due to a closed account.
Maximum Loan
$400 is the maximum payday advance loan allowed by law.
Loan Terms
Loan terms vary, but range from 6 to 31 days.
Rollovers
Arkansas law does not permit extensions or rollovers for either new loans or consolidations.
Fee Limits
Finance fees cannot exceed 10% of the amount borrowed plus a $10 fee.
Arkansas state law prohibits payday loans with interest rates in the triple digits. If there is check holding, single payment loans by check cashers are permitted. Lenders are only allowed to issue one loan at a time. Borrowers are allowed to obtain two separate cash advance loans within 72 hours. Lenders may only bring criminal action against a borrower if a stop payment is made on the check or if it is returned due to a closed account.
Maximum Loan
$400 is the maximum payday advance loan allowed by law.
Loan Terms
Loan terms vary, but range from 6 to 31 days.
Rollovers
Arkansas law does not permit extensions or rollovers for either new loans or consolidations.
Fee Limits
Finance fees cannot exceed 10% of the amount borrowed plus a $10 fee.
Arkansas Cash Loan Debate
If you feel a payday lender is operating unfairly or engaging in illegal collection practices, you can contact your Arkansas Attorney General:
Consumer Protection Division
323 Center St. - Suite 500
Little Rock, AR, 72201
