Payday Loans in Paulina, Oregon

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

Company nameAddressZip codePhone number
Umpqua Bank 1701 SW Court Place, Pendleton, OR 97801 +1 (541) 276 - 1000
Teri Champlin American West 1502 N Pine St, La Grande, OR 97850 +1 (541) 805 - 8659
Cash & Go 3256 Lancaster Dr NE, Salem, OR 97305 +1 (503) 371 - 5456
Rogue Credit Union 1010 1st St SE, Bandon, OR 97411 +1 (800) 856 - 7328
Quik Check 844 S Riverside Ave, Medford, OR 97501 +1 (541) 734 - 5555
Chase Bank 1111 Grants Pass Pkwy, Grants Pass, OR 97526 +1 (541) 476 - 4461
Columbia Bank 4157 NW U.S. 101 Ste 135, Lincoln City, OR 97367 +1 (541) 994 - 9161
Pacific Intermountain Mortgage 1915 1st St, Baker City, OR 97814 +1 (541) 523 - 4079
Auto Acceptance 12155 NE Airport Way, Portland, OR 97220 +1 (503) 254 - 2787
WaFd Bank 1448 SW 4th Ave, Ontario, OR 97914 +1 (541) 889 - 9671

Payday Loan Companies in Nearby Cities

If there are no payday loan companies in Paulina, OR, you can try to find different companies in big cities near by. Check out the following pages here: Payday Loan for Albany, OR, Payday Loans in Beaverton, OR, Payday Loans in Bend, OR, Payday Loans in Corvallis, OR, 24-Hour Loan in Eugene, OR, Payday Loans in Grants Pass, OR, Payday Loans in Gresham, OR and No Credit Check Loans in 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 Paulina, OR.

Are Payday Loans Legal In Paulina, 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

Paulina, OR payday loan calculator

Payday Loans in Paulina, Oregon

A payday loan is a type of short-term loan that allows you to borrow money based on your future paycheck. These loans are typically due in full on your next payday, hence the name “payday loan”. In Paulina, Oregon, payday loans are legal and regulated by state law. They can be helpful for individuals who need quick access to cash in emergencies or to cover unexpected expenses.

How Payday Loans Work in Paulina, Oregon

To obtain a payday loan in Paulina, Oregon, you must be at least 18 years old and have a government-issued ID, a steady source of income, and a checking account. The amount you can borrow is limited to 25% of your monthly income, up to $50,000, and the loan term can be up to 60 days.

When you apply for a payday loan, you must provide proof of income and bank account information so that the lender can deposit the funds directly into your account. You then sign a loan agreement that outlines the terms of the loan, including the amount borrowed, the loan fees, and the due date.

On the due date, the lender will automatically withdraw the loan amount plus fees from your bank account. If you cannot repay the loan on time, the lender may charge additional fees and interest and may attempt to collect the debt using collection methods that can include phone calls, letters, and even legal action.

Benefits and Risks of Payday Loans

While payday loans in Paulina, Oregon can provide quick and easy access to cash, they can also be expensive and carry significant risks. The high interest rates and fees associated with these loans can trap borrowers in cycles of debt, where they must continually take out new loans to repay old ones.

Despite these risks, payday loans can be beneficial in certain situations. They may be a viable option for individuals who need immediate access to cash to cover emergency expenses and who are confident they can repay the loan on time.

Interesting Facts and Statistics about Payday Loans in Paulina, Oregon

  • In 2019, payday lenders in Oregon issued more than 592,000 loans, totaling over $247 million in value.
  • According to a survey by the Oregon Department of Consumer and Business Services, 54% of payday loan borrowers in Oregon take out five or more loans per year.
  • The maximum annual percentage rate (APR) allowed for payday loans in Oregon is 36%, which is a much lower rate than many other states.

Apply Now

If you need a payday loan in Paulina, Oregon, TheGuaranteedLoans can help connect you with potential lenders. We are not a direct lender but a connector service that can assist you in finding a loan that fits your needs. You can fill out an online application on our website, and we will work to match you with a lender who can provide you with the funds you need.

Remember, payday loans can be a useful tool in certain situations, but they should be used carefully and responsibly. If you have any questions or concerns about payday loans in Paulina, Oregon, please contact us or consult with a financial advisor before taking out a loan.

F.A.Q.

What are the maximum loan amounts and interest rates for payday loans in Paulina, Oregon?

in Paulina, Oregon, the maximum loan amount for a payday loan is $50,000 and the maximum interest rate is 36% per year.

Can I renew or extend a payday loan in Paulina, Oregon?

No, payday loans in Paulina, Oregon cannot be renewed or extended. Borrowers must repay the loan in full by the agreed upon due date.