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After over six years of work by the Coalition known as Arkansans Against Abusive Payday Lending (AAAPL), the last predatory payday lender left the state of Arkansas on July 31, 2009. We have retained this web site so Advocates from other states can look at the information on this site and see what we did and how we did it in the hopes that it will help you in your efforts. We hope the information on this site is found to be useful for Advocates and Victims of the ‘Debt Trap’ known as payday lending.

NOTICE, FREE ASSISTANCE AVAILABLE TO VICTIMS - Even though the all of the Payday Lending stores have closed in Arkansas some Payday Lenders continue to make High Cost loans to Arkansans using the Internet. If you live in Arkansans and have obtained a loan at interest rates higher than 17% Annual Percentage Rate (APR) over the Internet they are illegal in Arkansas. If you have become victim of a High Cost Loan the Arkansas Attorney General want to know about it and will help you with free assistance.

For more information e-mail your story to HelpMe@StopPaydayPredators.org or go to the VICTIMS section of this Web Site.

 


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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
Aug. 11, 2009
0

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