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Cash Advances in Arkansas
When you’re navigating stressful financial times, you’d rather not get disoriented with too much information. Deciding if an online payday loan is right for you can be hard enough with variations between cash advance lenders. Differences in state laws can make the process harder. We’re here to streamline your online payday loan application by matching you with the right lender. We’re also here to clarify payday loan laws from state to state. From Alaska to Wyoming, we’re covering the payday loan laws to make your decision easier. We’re explaining payday loan laws in Arkansas in this article.
Some states require a minimum lending period for a payday loan or cash advance loan. Arkansas payday loan laws place the minimum lending period at 6 days. The maximum lending period for a payday loan in Arkansas is 31 days. Some states also require a minimum payday loan amount. Arkansas’s minimum is $50. The maximum amount you can borrow for a payday loan in Arkansas is $500. Cash advance lenders in Arkansas can only apply fees that are limited to 10% of the amount borrowed. The resulting annualized percentage rate of your Arkansas payday loan could save you money compared to typical bank overdraft fees or increasing credit card percentage rates.
If you’re looking for the lowest-cost option to ease financial stress, an Arkansas online payday loan is a good option to consider. With lower rates than bank and credit card fees, you can be back on your feet and find the freedom you’ve been wanting. Let us help you find an online payday loan lender today!
Source: Credit.com’s Side-by-Side Payday Loan Summary
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