Payday Hound's Top Oregon Lender
Check Into Cash
- Direct lender online or at stores.
- Founding member of CFSA. Live chat.
- TN based. State Licensed. Since 1993.
eligible credit type ⓘ
Visit Check Into Cash for product eligibility.
Our eligible credit type estimate is a general guide based on FICO® Scores:
|Credit Type||FICO® Score|
Oregon Payday Loan Laws Details
The data provided here is for general informational purposes and should not be used as legal reference. If you have questions regarding Oregon payday loan laws contact the Oregon Department of Consumer & Business Services.
|Amount (max)||Not Specified|
|Rates or Fees (max)||36% APR interest, $10 per $100 of loan amount as fee, up to $30|
|Term Limitations||Minimum 31 days|
In Oregon, two renewals are permitted. The cooling period between loans is 7 days before or 7 days after prior loan expires. Oregon has no requirements for extended repayment plans.
For example, in Oregon the rates and fees on a 14 day, $100 loan are:
|Fees||$13 for 31 day loan|
|APR||156% APR for 31 day loan|
Oregon also defines regulations around collections. If available, the table below lists the fees lenders are permitted to charge if the loan is not repaid and/or whether a lender can threaten use of or use criminal action if a borrower is unable to repay a loan.
|Collection Fees||One $20 NSF fee + additional bank charges|
|Criminal Action||None, only civil penalties|
No licensee shall: (1) Charge check-cashing fees in excess of three percent of the face amount of the check, or $5, whichever is greater, if the check is the payment of any kind of state public assistance or federal social security benefit; (2) Charge check-cashing fees for personal checks in excess of 10 percent of the face amount of the personal check or $5, whichever is greater; or (3) Charge check-cashing fees in excess of five percent of the face amount of the check or $5, whichever is greater, for all other checks. (4) Charge deferred deposit transaction fees in excess of 10 percent of the amount of funds advanced.