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Arkansans Against Abusive Payday Lending is a broad-based coalition of non-profit, consumer, community, civic, military and faith-based organizations dedicated to ridding our community of the abuses of payday lending. Payday lending tends to prey on low-to-moderate income families, college students, military personnel and the elderly.

The video below tells the human story of victims caught in the debt trap of payday lending.

 

 


Number of Active Payday Lending Stores in Arkansas
March, 2006
275
Nov. 2006
265
Dec. 2007
239
Mar. 18, 2008
237
April 4, 2008
136
Sept. 12, 2008
128
Sept. 24, 2008
90
Oct. 8, 2008
33
Oct. 9, 2008
86
Oct. 16, 2008
80
Oct. 31, 2008
78
Dec. 20, 2008
57
Feb. 1, 2009
27

Payday Loan Calculator

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Annual Percentage Rate

How to Calculate
the Interest Rate on Payday Loans