The state of Arkansas got its name from the Sioux word ‘acansa’, meaning ‘downstream place’. Now what’s that got to do with Arkansas payday loans, one may ask? Coming to it, when your wallet goes downstream in the fag ends of the month, it is payday loan that comes to the rescue of your wallet.
Your credit rating also goes downstream at times because of unpaid bills, and you need Arkansas payday advance to ferry you to the safety of the next payday. Life has several situations that make it go downstream and unexpected financial emergencies has more undercurrents. It is Arkansas payday cash advance that helps you tide over such unexpected emergencies with ease.
Arkansas Lending Overview
Arkansas state legal allow $500.00 maximums loans. The borrower can get the payday loans between $100 – $500. The interest rate is $15.00 for every $100.00 of loans approved also the $5.00 fee will be plus for each loans. You may have to pay $20 fee to borrow $100. That’s APR can be 520% for $100 approved.
To qualify for Arkansas payday loans ;
1. 18 years or older, a U.S. citizen
2. Earning at least $1000 per month from a regular job or from a source of income
3. An active checking or savings account
4. Valid social security number
If yes, you are eligible to apply for payday loans in Arkansas. Apply online, the money will be wired directly to your checking account by next business day. Your credit status may be average, but that will not affect your chances of availing online Arkansas cash loan.