Payday loans in Oregon 2018: calculator, legal info, detailed review in each city

Page last reviewed: 07 June 2018

Contents:

  • Loan calculator – compare 13 companies in Oregon;
  • Legal information – consumer rights and obligations of lenders;
  • Payday loan help – what to do if you are in trouble;
  • Cities – detailed review of payday lenders in biggest cities in Oregon;

Payday loans calculator

 

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Legal information

Important features of Oregon payday lending laws:

  • The lender must give you a written loan agreement clearly explaining the fees, percentage rate, payment due dates, and what happens if you are late with your payments or you default.
  • The legal limits on payday loans include: a one-time 10 percent loan origination fee (up to a maximum of $30 for a new loan) and interest rate (limited to 36 percent annually). The maximum APR (interest and fees) is 153.77 percent.
  • No more than two renewals, or roll overs, are allowed on an existing loan. After two renewals, you must pay the loan amount and interest in full.
  • The payday or title loan must be for at least 31 days and not longer than 60 days.

 

Summary of consumer rights could be found here.

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Payday loan help

Consumers can file a complaint to Division of Financial Regulation (DFR).

 

 

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Cities

For detailed review of payday lenders in each city, please click the link:

Albany

Aloha

Beaverton

Bend

Coos Bay

Corvallis

Eugene

Grants Pass

Gresham

Hillsboro

Keizer

Klamath Falls

Lebanon

Mcminnville

Medford

Oregon City

Portland

Redmond

Roseburg

Salem

Springfield

Tigard

Wilsonville

Woodburn

 

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Summary
Article Name
Payday loans review in Oregon
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