Editor's choice: OppLoans Installment Loans
- Easy online application
- Quick approval
- Long repayment terms
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If you live in Portland and need extra cash to stay afloat until your next check comes in, a payday loan can help when you’re out of other options. Luckily, Oregon state law sets caps on how much your lender can charge in interest and fees, which can help cut down on costs.
Already have a loan? You technically can take out another payday loan — but you risk getting trapped in a cycle of debt.
Yes, you can get a payday loan in Portland, Oregon both online and in stores, though state law has some restrictions. Here’s what you can expect:
In Oregon, payday lenders must be licensed — this makes it easier to tell if they’re legit. You can check out our article on Oregon payday loans to learn more about how they work.
While each payday lender is different, you typically need to meet the following requirements to apply for a payday loan in Portland:
When you apply, you might need to provide the following documents and information:
Portland law allows payday lenders to provide loans up to $50,000. While many don’t offer loans of that amount, the more you borrow, the more you’ll pay in interest and fees. With terms capped at 60 days, this can get expensive in the short and long term. Combine this with multiple payday loans and you can find yourself in a cycle of debt.
While Oregon has some protections for payday loan borrowers — like capping the cost — Portland payday loans can still be expensive. Make sure you’re working with a licensed lender, and consider your alternatives first before you apply.
Want to learn more about how short-term loans work? Read our guide to payday loans.
The first Americans who put their mortgage into forbearance in 2020 may be just a few months away from the end of that relief. Here’s what you need to know if you’re one of them.
Residents of 13 states can find a lender quickly — if you’re willing to work with a new service.
Compare 6 lenders to find one that’s a good fit for your needs.
A standard connection service that works with lenders that offer large loans.
Some PPP borrowers can get another round of funding through community lenders — though not all can qualify.
While you can get started on your loan application today — you’ll still need to wait for funding.
Plus, 6 questions to ask to find the right professional for the job.
Ways to protect your assets and what you need to know about marital debt.
Find competitive financing outside of the dealership with a local lender.
Long Island business owners can find the basics at this five-branch lender.
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