Arizona Payday Loans

The state of Arizona has banned the payday loan industry from the state as of June 30, 2010. Payday loan companies, like lenders in Phoenix and Tucson, are no longer allowed to offer short-term loans to potential borrowers. Over the past few years, other short-term lending operations have begun, including auto title loans or check cashing companies. Smaller companies that used to offer payday loans are turning to other options, such as prepaid debit-type cards that allow the user to over draw the card, essentially turning it into a short term loan. The ending of the payday loan industry in Arizona has left many people without the ability to borrow smaller amounts of money for short periods of time.

Before the ban of the industry, Arizona had similar regulations to those of other states. The maximum amount a borrower could take out was $500. The minimum loan term was 5 days. Borrowers were permitted a maximum of 3 rollovers, or loan extensions. Criminal action against borrowers was not permitted.

Contact Information:

For more information regarding the payday loan industry and its ban in the state of Arizona, contact:

Arizona Department of Financial Institutions

Financial Enterprises Division, 2910 N. 44th St. Suite 310, Phoenix, AZ.

Payday Loans at Loan Mart
2316 West Bethany Home Road Suite 105
Phoenix, AZ 85015
E-Z Payday Loans
4344 West Indian School Road Suite 29
Phoenix, AZ 85031
Cash Auto Leasing LLC
2610 West Bethany Home Road Suite 110
Phoenix, AZ 85017
Check Into Cash 19020
2824 East Indian School Road Suite 6
Phoenix, AZ 85016
Checkmate Payday Loans
2510 West Thunderbird Road Suite 14
Phoenix, AZ 85023
Check Center
2443 North Campbell Avenue Suite 101
Tucson, AZ 85719
Quick Cash Corporation Office
1990 West Camelback Road Suite 402
Phoenix, AZ 85015
Payday Loans at Loan Mart
18631 North 19th Avenue Suite 110
Phoenix, AZ 85027
Payday Loans at Loan Mart
3241 East Shea Boulevard Suite 1
Phoenix, AZ 85028
Easy Payday Loans
2530 East Broadway Boulevard Frnt
Tucson, AZ 85716



Arizona Loan Statistics

Pay Schedule
Average Loan Average Age Weekly Bi-Weekly Monthly Twice Per Month Home Owner Renter
2012$6704018%55%12%15%24%76%
2011$6073715%58%14%13%23%77%
2010$5964012%57%14%17%28%72%