Big Ideas for Small Savers in Oregon
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Payday Loans Oregon - News
For instance, Oregon caps the interest rate for payday loans at 36 percent, but allows lenders to charge fees of up to $30 for each $100 borrowed. That's higher than in any other state with a rate cap - and something consumer advocates want to change.
CashAdvance.com's Oregon Laws & Regulation Resource Premieres
Los Angeles, CA -- ( SBWIRE ) -- 11/07/2011 -- Oregon consumers have long clamored for a quick, easy-to-read, comprehensive guide to the payday loan industry. Recent changes in Oregon law have only increased the din. CashAdvance.com took up the challenge and recently premiered its Oregon Laws and Regulations resource. A team of financial and legal experts at CashAdvance.com compiled the most exhaustive and up-to-date resource available on the web. At last, Oregon consumers will have vital payday loan information at their fingertips. “CashAdvance.com strives continually to ensure consumer protection by providing the knowledge necessary for consumers to make informed financial decisions,” says CashAdvance.com spokesperson Hanna Wellman. “The Consumer Resource pages are a wealth of information arming consumers with the resources with which they can actively preserve their rights, while providing recourse to regulatory agencies capable of remedying fraudulent lending practices.” Oregon consumers can quickly find the information they need by first visiting the Oregon Consumer Resource page and clicking on the Laws and Regulations link. There they see at a glance the vital information they need before deciding to apply for an Oregon cash advance. Basic information such as the maximum loan amount, the interest rates and fees, and the time length of loans is displayed in a simple, easy-to-read language. They will also find vital information about cool-off periods between loans, the availability of payment plans, and the number of concurrent payday loans allowable per borrower. By using the facts listed in the Oregon Laws and Regulations page , consumers can learn the current details of payday loans so that they can make an informed decision when getting an Oregon payday loan. Consumers should visit the Oregon Consumer Resource page frequently to check for regular updates to state laws and regulations that have a direct bearing on the cash advance process and requirements. According to leading CashAdvance.com financial news expert Adam Hilliard, “Our Oregon Laws and Regulations page will dispel any misconceptions or uncertainty surrounding the cash advance process in Oregon, equip you with practical advice for averting financial crisis, answer your myriad loan questions, and ultimately guide you on the road to taking control of your financial future.
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