Foreman at a glance
- Population: about 950, 187th by size in Arkansas of 500 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 976 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: a loss of about 2.7% since the 2020 count (US Census Bureau).
- Rank among Arkansas places: 187th out of 500 Census places (US Census Bureau).
- Size percentile: larger than about 63% of the Census places in Arkansas (US Census Bureau).
- Coordinates: 33.7195, -94.3977 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Ashdown, AR (16 mi); New Boston, TX (18 mi); Hooks, TX (18 mi); De Kalb, TX (19 mi); De Queen, AR (23 mi) — straight-line distances, US Census Bureau populations.
- Smaller places close by: Winthrop, AR (8 mi); Wilton, AR (14 mi); Horatio, AR (16 mi) (US Census Bureau).
What a personal loan costs in Foreman
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Arkansas lending rules that apply in Foreman
The table lists the Arkansas rules that apply to a loan made in Foreman, each with the regulator that published it.
| 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 Foreman
These steps are the ones that most affect the offer you receive in Foreman:
- 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.