Higginson at a glance
- Population: about 851, 196th by size in Arkansas of 500 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 706 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: an increase of about 20.5% since the 2020 count (US Census Bureau).
- Rank among Arkansas places: 196th of 500 by population (US Census Bureau, Vintage 2023).
- Size percentile: roughly 61% of places in Arkansas rank below it by population (US Census Bureau).
- Coordinates: latitude 35.1968, longitude -91.7152 (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Searcy, AR (3 mi); Kensett, AR (4 mi); Judsonia, AR (7 mi); Bald Knob, AR (11 mi); Beebe, AR (14 mi) (US Census Bureau).
- Nearest smaller communities: Garner, AR (5 mi); West Point, AR (6 mi); Griffithville, AR (6 mi), each a US Census place.
What a personal loan costs in Higginson
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Arkansas lending rules that apply in Higginson
Each row below is a Arkansas rule with its publisher and the date it was retrieved.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | See the latest published figure value_text left null: the State Bank Department does not publish a consumer small-loan license rate schedule that could be verified; storefront payday lending has been eliminated (see Payday lending status). See the linked regulator page for the licensee categories it supervises. | Arkansas State Bank Department as of 2026-09-16 |
| State lending regulator | Arkansas State Bank Department Source says: "The Department is charged with regulating state-chartered commercial banks with main offices in Arkansas". | Arkansas State Bank Department as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 17% per annum for loans not made by or to governmental units or by federally insured depository institutions (Amendment 89, effective January 1, 2011) Source says: "shall not exceed seventeen percent (17%) per annum". | Arkansas Legislature — Arkansas Constitution, Amendment 89, § 3 (proposed by H.J.R. 1004 of 2009) as of 2026-09-16 |
| Payday lending status | Not permitted — all storefront payday lending eliminated; the Attorney General has worked to eliminate all forms of payday lending since 2008 Source says: "the Attorney General's office has worked to eliminate all forms of payday lending in Arkansas"; "all storefront payday loan operations in Arkansas have been shut down". | Arkansas Attorney General — Consumer Protection Division as of 2026-09-16 |
How to compare offers in Higginson
Run through this list before signing anything in Higginson:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Arkansas using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.