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Find Payday Loan Companies in Arizona

to be licensed with the state. Each written agreement between a creditor and a payday loan borrower must list the phone number and address that the customer can write to for purposes of filing a complaint. Payday cash advance lenders are not allowed to enter into more than one service contract with a borrower at a time. Furthermore, a consumer cannot have more than one outstanding payday loan at one time.

Maximum loan amount:
Arizona law permits payday cash loan stores to issue loans for an amount not exceeding $500.

Loan terms:
Under Arizona law, the minimum loan term is 5 days.

Extensions:
Borrowers are allowed three extensions or rollovers.

Fees and charges:
The maximum finance rate that a cash advance store can charge for an initial loan transaction or rollover is 15% of the face amount of the check. 

Fee schedules and APR:
The annual percentage rate for a 14-day loan in the amount of $100 is 459%.

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Find Payday Lenders Near Arizona

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Arizona Loan Statistics
2012 2011 2010
Average Loan609584552
Average Age363637
Pay Schedule
  Weekly14%12%9%
  Bi-Weekly62%65%63%
  Monthly10%12%12%
  Twice Per Month14%12%16%
Home Owner18%17%21%
Renter82%83%79%
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