Privacy & Security

Oregon Cash Advance

Oregon Cash Advance Loans And The Law

Oregon is one of a few U.S. states that has enacted very few legal controls over cash advance lending. Sixty days is the maximum length of time that an Oregon cash advance loan may run. There are currently no applied limits on the percentage of interest that can be charged, in relation to Oregon cash advance loans. There is one restriction stating that a company may not offer to loan in excess of 25% of an individual's net monthly income, and that amount would also include any proposed fees as well as the total interest due.

If you would like some information regarding providers of Oregon check cashing services, you may call the Attorney General's office, or alternatively check them out on the Internet at This is the ideal location to find information about any lender you are considering doing business with. You can also call 503-378-4140 and speak to the helpful folks at the Division of Finance and Corporate Securities.

The Oregon cash advance business is regulated with skill by Oregon officials, and several dubious operations have been closed down and many state issued licenses have been suspended. If Oregon cash advance companies try to get around state licensing and registration laws, they will be forced by the authorities to close down. Back in early 2002, an unlicensed Oregon cash advance company was doing business in the city of Bend, Oregon. Hardy Myers, the Attorney General, together with the Department of Justice, shut down the operation and a large suit was filed in the County Circuit Court.

This lawsuit revealed that the company, A1 Cash Advance, had attempted to collect defaulted loans via the courts, which then uncovered that the company was in the habit of charging fees considered exorbitant. The company had filed over 150 cases seeking repayment of the loans it had made; the interest rates that were being charged were as high as 400% to 500%.

Not surprisingly, this company is not permitted to do business in the state as an Oregon cash advance business. The lawsuit is also seeking the repayment of interest they had obtained illegally on loans dating back as far as 1999.

Unemployment Statistics For The State Of Oregon

Over the past 10 years, unemployment rates in Oregon have fluctuated between a high of 8.2% to a low of 4.9%. At the beginning of 2005, unemployment stood at 7.1%. Twelve months later, it had dropped to 6.5%, the equivalent of 122,171 unemployed adults.

Oregon Cash Advance - Cities

Albany Coos Bay Keizer Myrtle Creek
Astoria Corvallis Klamath Falls Newberg
Baker City Cottage Grove La Grande Newport
Beaverton Dallas Lebanon North Bend
Bend Eugene Lincoln City Ontario
Brookings Forest Grove Madras Oregon City
Burns Grants Pass Mcminnville Pendleton
Canby Gresham Medford Portland
Central Point Hermiston Milton Freewater Salem
Clackamas Hillsboro Molalla Springfield