Payday Loans in Gates, Oregon

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No payday loan companies in Gates, OR. Consider companies in other cities:

Company nameAddressZip codePhone number
St Helens Federal Community Cu 118 E A St, Rainier, OR 97048 +1 (503) 397 - 2376
Cashco Financial Services Inc 5456 River Rd N, Keizer, OR 97303 +1 (503) 585 - 3321
MTG 1517 Velia St, Medford, OR 97504
Bank of the West 80 N 17th Ave, Cornelius, OR 97113 +1 (503) 357 - 5900
TLC, A Division of Fibre Federal Credit Union 1625 N Coast Hwy, Newport, OR 97365 +1 (541) 265 - 8182
Umpqua Bank 415 NW 3rd St, Corvallis, OR 97330 +1 (541) 258 - 7080
Greater Eastern Or Dev Corporation 2016 NW Airport Rd, Pendleton, OR 97801 +1 (541) 276 - 6745
Umpqua Bank 18757 SW Martinazzi Ave #100, Tualatin, OR 97062 +1 (503) 885 - 7404
Washington Federal Bank 3220 Hillcrest Park Dr, Medford, OR 97504 +1 (541) 779 - 0007
David S. Corey & Alex Flores 1200 Executive Pkwy 100, Eugene, OR 97401 +1 (541) 321 - 0625

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Gates, OR, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loans in Albany, OR, Payday Loans in Beaverton, OR, Payday Loans in Bend, OR, Payday Loans in Corvallis, OR, Payday Loans in Eugene, OR, Payday Loans in Grants Pass, OR, Online Loans in Gresham, OR and Payday Loan for Hillsboro, OR. But also, you can apply for a loan online, not coming out of your home. Just fill out a simple application on our website and we will connect you with trusted direct lenders in Gates, OR.

Beautiful sights of Gates, OR

Payday Loans Available in Gates, OR By The Following ZIP Codes:

97346

Are Payday Loans Legal In Gates, Oregon?

Loan Rates and Fees, Laws and Regulations in Oregon.

Oregon Loan Regulations

Legal StatusLegal
Interest Rate (APR, %)154
Maximum Loan Amount$50,000
Minimum Loan Term31 days
Maximum Loan Term60 days
Number of Rollovers Allowed2
Finance Charges36% APR

Gates, OR payday loan calculator

Understanding Payday Loans in Gates, Oregon

Many people turn to payday loans to help them pay their bills and make ends meet. These easy-to-obtain loans are designed to help people bridge the gap between paychecks and are usually due on the borrower’s next payday. Payday loans are legal in Oregon, including the city of Gates. However, these loans come with high interest rates, fees, and potential risks that every borrower should know before applying.

How Do Payday Loans Work?

Payday loans are short-term loans that typically range from $100 to $1000, depending on the lender. Borrowers usually have to repay the loan amount plus fees and interest on their next payday, usually within two to four weeks. The application process is simple and quick, and lenders usually don’t perform a credit check. All the borrower needs to do is provide proof of income and a valid bank account.

Interest rates on payday loans in Gates, Oregon, can be as high as 36% per year plus additional fees, making them one of the most expensive types of loans available. The fees and interest rates can add up quickly, and many borrowers find themselves stuck in a cycle of debt, where they are constantly borrowing money to pay off previous loans.

Risks of Payday Loans

While payday loans can be a quick and easy solution to financial problems, they also come with a considerable amount of risk for the borrower. Some potential risks associated with payday loans include:

  • High fees and interest rates: The fees and interest rates associated with payday loans can be significantly higher than those of traditional loans. Some lenders can charge up to 600% APR, making it difficult for borrowers to repay the loan.
  • Debt cycle: Many borrowers take out payday loans with the intention of paying them back on their next payday. However, when the loan becomes due, they are unable to pay it off, and they start to roll over the loan. This process can continue indefinitely, leaving the borrower stuck in a cycle of debt.
  • Risk of losing bank account: When borrowers take out a payday loan, they must provide access to their bank account. If they are unable to repay the loan, the lender can withdraw funds directly from the account, which can leave the borrower without enough money to cover other bills and expenses.

Interesting Facts and Statistics About Payday Loans in Gates, Oregon

  • According to a study by the Center for Financial Services Innovation, 12 million Americans use payday loans every year, spending around $9 billion on loan fees.
  • Oregon has some of the most stringent payday loan regulations in the country, including limiting fees and interest rates to 36% annually and requiring a cooling-off period between loans.
  • A majority of payday loan borrowers in Oregon make less than $30,000 per year.

Apply Now with TheGuaranteedLoans

While payday loans can be an option for those who need quick cash with no credit check, they are not always the best choice. Before deciding to take out a payday loan, consider all the risks, fees, and interest rates associated with the loan.

If you’ve decided that a payday loan is the right choice for you, TheGuaranteedLoans is here to help. We are not a direct lender, but we connect borrowers with potential lenders who can offer them a loan that meets their needs. Our simple online application process takes only a few minutes to complete, and we will work hard to find you a loan with the best possible terms.

Apply now with TheGuaranteedLoans and get the cash you need to help you make it to your next payday.

F.A.Q.

How do I find a reputable payday lender in Gates, Oregon?

To find a reputable payday lender in Gates, Oregon, borrowers can research and compare lenders, read customer reviews and ratings, and check the lender's credentials and licensing information. Borrowers should also be wary of lenders who offer unrealistic terms or push them to take out a loan they cannot afford.

What happens if I can't repay my payday loan in Gates, Oregon?

If a borrower is unable to repay their payday loan in Gates, Oregon, they should contact the lender immediately to discuss their options. Depending on the lender's policies, the borrower may be able to negotiate a repayment plan or extension. However, if the borrower defaults on the loan, they may face additional fees, negative credit consequences, and potential legal action.