Fair to Bad Credit Loans in ORWe Find Lenders Who Lend To Bad Credit Borrowers ![]() Home > How To Apply > Oregon Last updated April 4th 2021 Commentary is for informational purposes only. See legal disclaimers here.Trouble Getting Approved in Oregon?It's hard when your credit is bad right? We can help, and in about 10 seconds you're going to see how. Enter your zip and credit score to get started! Oregon Usury and RegulationsSummary of Oregon Usury Law(s) / Quote: "Legal: 9% / Contract: The rate of interest shall be as agreed between the parties, except (a) on loans under $50,000 the rate shall not exceed greater of 12% or 5% in excess of discount rate on 90-day commercial paper at the Federal Reserve Bank and (b) if parties have not otherwise agreed, rate in the following transactions is 9%: (i) all moneys after they become due (open accounts bear interest from date of last item), (ii) money received to use of another and retained beyond reasonable time without consent and (iii) money due when there is a contract to pay interest and no rate is specified. / Judgment: 9% / Corporate: No specific rate" (WeFindLenders.com endeavors to include the most up to date legal data for Oregon, but no guarantee or warranty of any kind is expressed or implied as to the accuracy of said data. This data is not intended to be legal advice. For legal help speak with a lawyer in Oregon, and/or contact the Oregon State government's division of banking and finance - legal statutes researched by FindLaw.com & American Lawyers Quarterly - see credits) Oregon Usury Law Information: Legal Maximum Interest Rates: Quote: "Unless otherwise agreed, 9% (§82.010)" Usury Penalties:
Quote: "Forfeit interest on loan but borrower must
repay the principal (§82.010)" Oregon Lenders By CityPortland OR / Salem OR / Eugene OR / Gresham OR / Hillsboro OR / Beaverton OR / Bend OR / Medford OR Complaints to: Physical Addresses: 1) Department of Consumer and Business Services / Division of Financial Regulation / P.O. Box 14480, Salem, Oregon 97309-0405 / Phone: 503.947.7984 Fax: 503.378.4351 Toll-free: 888.877.4894 2.) Department of Consumer and Business Services / Division of Financial Regulation / 350 Winter St. NE, Salem, Oregon / Email: cp.ins@oregon.gov Oregon Lender Service Areas MapClick
or tap map image above for interactive version. Consolidated Community Credit Union Trailhead Credit Union Advantis Credit Union NW Priority Credit Union Maps Credit Union Unitus Community Credit Union Valley Credit Union Laneco Federal Credit Union Oregon Community Credit Union Bad Credit Loan Form for OregonBad Credit Loan Example In OregonBarrie needed an $80,000 to consolidate several loans, his mortgage and credit cards. He found himself in a situation earlier this year without a job, legal fees related to a DUI and credit card bills that he could not repay due to his loss of income. He has since found a job but is way behind on his payments for both his mortgage, credit card bills and car loan. Right now he wants to consolidate everything with a low interest loan or mortgage and pay one monthly payment. When he lost his job, Barrie thought it would be easy to find another job that paid as well as the one he had. Unfortunately, it took him longer than he expected to find a job and he is not making as much as he did previously. The salary is still a good one, he just needs to adapt to a lower income than what he was used to. He feels that by consolidating his small remaining mortgage, his credit cards and his car loan into one low interest payment, he will be able to meet all of his obligations and save money at the same time. A $80000 bad credit loan with a twenty five-year term and 5% interest rate for Barrie could cost him the following per month: • Loan Amount (principal) = $80000 Barrie has made a lot of progress over the past six months. After a difficult year when he lost his job, was charged with a DUI offense and incurred more debt than he should have on his credit cards, he is turning his life around. He was approved for the loan and promptly paid off his credit card balances, his legal bills, car loan and the remaining balance on his mortgage. He now has one mortgage payment of only $467 a month to pay which is substantially less that what he was paying separately. While he does not make as much per year as he did on his old job he is making progress. After six months on the job, Barrie was given a raise and more responsibility on his job. With the extra income, he is considering making additional payments on his mortgage loan which will help him to repay his loan off more quickly. Barrie is also being much more careful when he drives. His last DUI was very expensive and he does not want to have another encounter with the legal system.| The future is looking bright for Barrie and he is actually getting into much better financial shape than he was previously. He is setting some funds aside for emergencies as well which will help him immensely if there are any financial surprises for him in the future. He is also controlling how much he spends on credit cards and repaying the statement balance in full each month. All of these steps will help to maintain his credit rating as well should he ever need to borrow money in the future. If you live in the State of Oregon and you're struggling to get a loan approval with a bad credit rating we hope our website helps you in some way. Sincerely, Chris Somerset Chris Somerset is the daughter of Lance Somerset who founded the We Find Lenders Pool. She contributes to WeFindLenders.com whenever she's not having fun with her three children and her husband Ron. Debt Consolidation Loans in OregonLast 5 debt service loans approved in the State of Oregon. Source: WFL Lender Pool. Updated Weekly. Principals rounded to the nearest $1000. Relative interest rates listed below in order left to right. $40000 $30000 $20000 $65000 $90000 9.72% 14.68% 10.51% 9.81% 9.63% Debt Consolidation Providers In ORClick
or tap map image above for interactive version. Debt Reduction Services - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Debt Relief Northwest - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - A American Debt Consolidation - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Northwest Debt Relief Law Firm - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Oregon Debt Management - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - OnPoint Community Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Trailhead Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Portland Local 8 FCU - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Rogue Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Teamsters Credit Union - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - Oregon consumers with credit ratings good
enough for traditional financial institutions shouldn't have a problem
getting approved as long as their DTI (debt to income ratio) is reasonable,
and they're a prime
candidate for a debt consolidation loan. However, if your FICO score is really
low you will have to find lenders that can approve loans to people with
bad credit. You can find local bad credit lenders that serve people in
Oregon, or you can find lenders nationally. To do both you can use the
application form directly above. Rob is a good son, one that many parents
would be proud of and happy to have around. His parents both took sick at the same
time and being an only child he had no choice but to quit his job and
move home to take care of them until they could recuperate. They also do not have a lot of money
and not much income so they really could not help him out financially. He lives at home for free and in return
he looks after the house and his parents. Now that they are doing better he has
a lot more freedom and he wants to use this time to get control of his
finances, pay off his debts and save something for the next emergency. He has indicated that he wants to repay
the loan more quickly however this low monthly payment will give him lots
of flexibility should he need it in the future. Although he paid a price initially, no
work and in debt, he is now recovering from this setback. He has a good
job that pays well and his parents are doing much better. He still lives at home and is using this
time to get his financial affairs in order. Rob learned another lesson while he was
unemployed which he plans to put to use in the future. The fact is that he did not really plan
for retirement and he did not save nearly enough. He loved to spend money
on fancy coffees, drinks at the bar and he ate out most nights. This consumed a great deal of his income
and while it was fun, there was little money left for essentials and savings
plan. With the recent experience of helping
his parents, seeing how they have to live because they did not plan for
retirement either, he now is going to change his spending habits. In fact he has already cut back on eating
out as much and buying fancy expensive coffees, etc. He is amazed at how
much extra money he has available. From now on it is only on special occasions
and once a week eating out that he will treat himself. If you live in the State of Oregon and
you're trying to get approved for a debt consolidation loan, we hope our
website helps you find a good lender regardless of your credit rating. Andy Somerset Andy
Somerset is the son of Lance Somerset who founded the We
Find Lenders Pool. He writes for WeFindLenders.com whenever he's not
working hard on his degree in finance. Click
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