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A payday loan can help you through a tough financial situation, be sure to learn the laws first

Residents of Oregon can turn to payday loans when they need extra money, but taking some time to understand how these loans work is a necessity. Our guide will tell you how much you can borrow and the laws surrounding them.

Check into Cash Payday Loan

Check into Cash Loans

Check into Cash allows you to directly apply for a payday loan and have your cash when you need it.

  • Minimum. Loan Amount: $50
  • Loan Term: Varies by state
  • Turnaround Time: 1–2 business days
  • Total Costs: Varies depending on the amount and your state of residency.
  • Must be 18+
  • No security needed
  • Confidential and secure!

    What are the Oregon payday loan laws?

    Payday loans are governed by 54 Orergon Revised Statature § 725A.010 et seq. The maximum amount borrowed through a payday loan in Oregon cannot exceed $50,000, provided the money is used for personal, household or family expenses. However, if your income is less than $60,000 per year, you’re limited to 25% of your net monthly income.

    Payday loans last from 31 to 60 days. Lenders may not charge more than 36% interest and a single origination fee of $10 per $100, up to $300. A 31-day $100 loan has a total APR of 154%.

    There is no maximum limit to how many loans you can have out at once, and you are permitted two renewals. Oregon law doesn’t specify fees for this and doesn’t require lenders to offer a repayment plan.

    Consider these lenders for a short term loan in Oregon

    Check the websites of any providers you’re interested in to confirm they operate in your state of residence.

    Rates last updated November 20th, 2017
    Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
    Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time Requirements
    LendUp Payday Loans
    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.
    $250
    7–30 days
    generally receive the money the next business day
    Be 18+ years of age and have a checking account that can accept electronic transfers.
    CashNetUSA Loan
    Apply for a short-term loan with an easy online application and dedicated customer service.
    Varies by state
    Varies by state
    1 business day
    You must be a US citizen or permanent resident, be at least 18 years old and have regular income and a bank account.
    Check into Cash Payday Loan
    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
    $1,000
    Varies by state
    1–2 business days
    You must be at least 21 and an American citizen and have a bank account, email address and phone number.
    ACE Cash Express Payday Loans
    Quick short term, installment and title loans come with no prepayment penalty and a 72-hour satisfaction guarantee.
    Varies by state
    Varies by state
    Generally receive the money the next business day
    Must be 18+ years old, have a steady source of income and a checking or savings account. Must not be a debtor in bankruptcy.

    Compare up to 4 providers

    What do I need to apply for a payday loan?

    All lenders will require that you have a regular source of income, be at least 18 years old and be a citizen or permanent resident of the US.

    Whether you apply online or in-store, you’ll have to provide some basic information. This includes your name, address, contact information and your Social Security number. Lenders will also want to confirm your income by checking whether you’re employed. Finally, if you apply online, the lender will request access to your checking account to deposite your loan funds and debit your payment when it’s due.

    What are some payday loan alternatives?

    Oregon HEAT, Temporary Assistance to Needy Families (TANF) and Supplemental Nutrition Assistance Program (SNAP) all provide help for people who struggle to pay their everyday bills. In addition, you can ask friends or family for help, apply for a debt consolidation loan or negotiate with your creditors to lower your monthly payments.

    Check out our page on alternatives to see more options

    Bottom line

    A payday loan can be a good way to get out of a tough spot. Before you borrow, be sure you can pay back the full amount of your loan–the principal and the interest–and confirm that the lender is operating by Oregon state standards.

    Have any more questions about Oregon payday loans?

    You should contact the Oregon Department of Consumer & Business Services.

    Oregon law requires a cooling off period of seven days after your previous loan expires.

    This depends on the lender you choose to work with. You can get installment loans in Oregon through some lenders that provide payday loans.

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    US Payday Loans Offers

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    Slam Dunk Loans

    Potentially get approved for a short-term loan through this lender-connection service, even with poor credit history.

    LendUp Payday Loans

    LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

    Check into Cash Payday Loan

    With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

    OppLoans Installment Loans

    Installment loans with competitive rates from a top-rated direct lender.