Payday Loans Oregon (OR) | Online Payday Loans Portland Salem Medford
Get started now for online payday loans in Oregon (OR) to receive instant cash without credit check. Apply payday loans in Salem Medford, Eugene, Portland OR
Economic Difficulties
Poverty is one of the major issues of Oregon as the share of Oregon families who had at least one working parent and yet fell below the poverty line was higher in 2014 than before the Great Recession. For them just holding a job is not sufficient enough to lift them out of the poverty. These families make up a large number of all Oregon families living in poverty. This is an alarming situation for the state and their people who require some crucial decisions to be made by the authorities to make the lives of their majority population better or else people of such beautiful land will not be able to live a life which they deserve.
There are times in life when unexpected expenditure crops up and plays havoc with monthly budget. It can be compulsive shopping, to uplift your mood, it can be meeting the medical bill because your kid fell off and broke arm, it can be sudden announcement of a close friend’s wedding. Anything can happen, life takes us unguarded. In order to cope up with these types of situations one is left with no other option but payday loan.
Payday loan is a short term loan taken against your pay. In order to avail this kind of loan you just need to be an American Citizen of minimum 18 years of age with a regular income of $1,000 . One does not require any collateral to avail this loan. You are just required to fill information in a form . You can be asked to provide your social identification number, pay stub and payday account is asked for if you are considered to be eligible for it.
Payday loans is allowed in Oregon. Payday loan is a short term loan which a person has to repay by his next pay day. The amount of the loan can vary from $100 to $500 and the borrower is to return it within two weeks. The interest charged is very high and most of the times the people go for another loan and the vicious circle starts and they have to pay hefty amount to get over with it. The private money lenders made consumer paid through their nose, so it was banned by the government in some cities.