The first question most people have is, ‘Are payday loans legal in Oregon?’. Yes, they are. If you need a payday loan in Oregon, then you are in the right place. You can get started now by filling in some information on our short, simple form. If accepted, you will be connected to a lender in 90 seconds or less.
You can request a loan (even if you have bad credit), and if approved, lenders will put your cash in your bank account in one business day!
Payday loans are fee-based. This is why, when calculating APR or annual percentage rates, the percentages are very high. They are not meant to be long-term loans.
When you are taking out a payday loan in Oregon, the state will provide information about the maximum amount you should pay for that loan. Some examples are:
These are examples of the maximum interest and fees allowed for any payday loan in Oregon.
Oregon, like many states, has protections in place to help residents who rely on payday loans. Lenders are required to provide your loan agreement in writing, including information about all loan fees, the calculated annual percentage rate, penalties for late payments, and so on. All lenders must be licensed with the state in order to lend to Oregon residents.
Also, once you get a payday loan in Oregon, you must wait 7 days before you can request another payday loan. After you have repaid your loan, you must wait 60 days before asking for another one. If you default on your loan, the lender can take civil action against you but cannot pursue any criminal action.
We only refer you to licensed lenders and never use misleading language like "no credit check." These loans are sometimes called no credit check loans in Oregon for a reason.
Almost all reputable lenders never do a true credit check from the 3 credit bureaus. Instead, they use databases to check your background. They are more interested in your job and income because it is the #1 indicator that you will repay your loan. Feel free to ask your lender if they perform a real credit check with the 3 main bureaus before you accept a loan.
Payday loans are a convenient solution for emergency cash needs. When your car breaks down, and you don’t have the cash to fix it, it is an emergency. You need it to get to work, and you need it fixed now. If no other cash sources are available to you, a payday loan may be your best solution.
Some reasons to consider an Oregon payday loan:
We have been in the business of connecting consumers to lenders for many years and have over 100 lenders who have money to lend.
A few benefits of working with us include:
Quick and Secure Loan Request Form
Don’t waste your time going from storefront to storefront applying for loans. Every minute counts when you need fast cash, so just complete our simple form and get an answer fast.
Very Fast Approval
Our lenders get your cash into your account in 1 business day. Rarely, if you apply very early in the day, you may get your cash the same day. Be sure to ask your lender when you will get your money.
Apply from Your Smartphone
There is no faster way to request a loan than through your smartphone or tablet. Complete the data fields and hit ‘submit.’
It’s really easy to apply for a payday loan in Oregon, but there are some conditions for doing so:
When you complete your loan request form, you will need to provide some personal details (via encrypted technology) such as your Social Security number, your name, and address, and so on.
Requesting a loan is a simple process. Simply complete the short form, which is encrypted and secure, using your smartphone or other devices. This should only take you 1-3 minutes to do. Responses take as little as 10 seconds but no more than 90 seconds. We have a simple, secure, streamlined process.
Most people are approved if they can meet the following basic items:
Some frequently asked questions about online payday loans in Oregon:
Oregon is a consumer-friendly state and works hard to protect consumers. The Oregon Legislature and Attorney General have restricted payday and auto title lenders because they believe these lenders’ terms are not best for consumers. Payday lenders must be licensed to operate in the state and follow all guidelines as established by the legislature and noted above.
As noted above, qualifying for an Oregon payday loan is fairly simple.
Payday loans are short term loans that are usually paid back on your next paycheck. They are not meant to be used regularly. They are intended for emergency cash needs for those who cannot get a loan or cash in any other manner.
First, contact your lender. Most lenders will work with you if you have questions or any problem. However, if you feel you are treated unfairly or improperly, you can report a lender by contacting the Oregon Division of Financial Regulation.
A small cash advance can be a lifesaver in emergency situations. However, remember that payday loans can’t help serious financial problems. Only use payday loans when you absolutely have to.
If you need help now, just Click Here to get started.