Payday Loan Repayment Options

Summary

Oregons payday loan laws include a 36% APR interest rate cap, a limit of one loan at a time, a 7-day cooling-off period between loans, and a maximum loan term of 60 days. Communicate with lenders and seek legal advice for personalized assistance.

Full Conversation

Ashley I have two issues that I need help with
Hello **** ****, I'm here to assist. Could you please provide more details about the two issues you need help with? Also, may I know your location as laws may vary based on it?
If I have a while back I took out two payday loans with two different outfits one the money was due last Tuesday and I did not have the money to pay them back I went and asked if I can make payments they said they cannot let me pay them off in payments I was able to give them is $* and he said I have to come up with the rest of the money tomorrow which I do not have and I can't get a hold of them
Hello ****, it seems like you're dealing with payday loan issues. To provide accurate legal information, could you please tell me the state you're located in? Laws regarding payday loans vary significantly from state to state.
Also I have another payday loan that is due this coming Tuesday I do not have the money to pay them and it looks like I cannot get a hold of the money to pay them back for the loan what can I do to help my situation out
Hello ****, I understand your situation. However, to provide you with the most accurate legal information, could you please tell me which state you're in? Laws regarding payday loans differ significantly from state to state.
Yes there are two different outfits in Portland Oregon
Hello ****, I understand you're having trouble with payday loans in Oregon. Here are some points on Oregon's payday loan laws:
- Interest rate cap: *% APR.
- One loan at a time.
- Cooling-off period between loans: 7 days.
- Maximum loan term: 60 days.
Don't hesitate to consult a local attorney for personalized advice.
Thank you for your help
You're welcome, ****! If you need further information or have other questions, feel free to ask. Remember, it's crucial to communicate with your lenders and consider seeking legal advice.