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Best Payday Loans in Portland, Oregon

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by Sandi Pope ConsumerAffairs Research Team

If you need emergency cash and can’t wait until your next paycheck, a payday loan is an option. Payday loans are short-term, high-interest loans that are easy to qualify for. We researched the best payday loans in Portland so you find a licensed lender that offers a simple application process, clear terms and same-day funds.

Top 10 Portland Payday Loan Companies

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Speedy Cash
Read 1,813 Reviews

Obtain payday and title loans with maximum amounts that vary by state. Payday loans range from $255-$2,500 and title loans range from $300-$25,000. Check cashing and money orders also available.

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CashNetUSA
Read 3,280 Reviews

Provides payday loans up to $1,800, which customers can receive the next business day. They also offer brokered installment loans up to $2,400, a savings program and access to free financial tools.

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Silver Cloud Financial
Read 193 Reviews

This company offers tribal loans for people who need access to a short-term loan due to an emergency or financial hardship. Loans range from $300-$1,000. Apply online and get your funds the next business day.

Check Into Cash
Read 2,061 Reviews

Lender with 25 years in business offers payday loans up to $1,000 and title loans up to $25,000 with easy application process. Consumers can get funds the next business day. Installment loans and lines of credit also available.

Ace Cash Express
Read 401 Reviews

Payday loans in 8 states with max loan amounts $255-$1,500 and title loans in 7 states with max amounts $200-$5,000. Get cash instantly in-store or overnight with online applications. Offers 72-hour guarantee.

Cash & Go
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Provides payday advances, pawn loans and other financial services to Portland residents. Open nights, weekends and holidays. Employs English- and Spanish-speaking representatives.

CashCo
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Offers payday loans and small installment loans ranging from $700 to $3,000. Employs Spanish-speaking representatives. Approves loan applications in one hour.

McKenzie Communications Inc.
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Distributes cash to Oregon customers the same day their application is approved. Requires pay stubs and a transaction history. Offers cash for gift cards.

Quik Check
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Offers online payday loans from $100 to $300. Processes most applications within 24 hours. Allows customers to cancel a loan by close of following business day with no fees.

Sawbucks Inc.
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Approves all applications for payday loans within one hour. Distributes money to borrowers immediately after approval.

Portland skyline

According to the Federal Reserve System, only 4 in 10 Americans have enough cash to cover an unexpected expense, including car repairs or medical bills. If you live in Portland, need money to hold you over until your next paycheck and have exhausted lower-cost alternatives, consider a payday loan.

With a payday loan, also known as a paycheck advance or a payday advance, you write a lender a check for the amount of money you want to borrow plus fees (or give the lender authorization to electronically debit the money from your bank account). The lender gives you cash and you pay back the loan at the end of the loan term, which is between 31 and 60 days. But be careful: Use a payday loan in Portland only as a short-term financial strategy, and make sure the lender is licensed in Oregon.

Portland payday loan regulations

Payday lenders in Portland are regulated by city and Oregon laws. Here’s what to know:

  • A payday loan term must be at least 31 days and no longer than 60 days.
  • Lenders can charge a one-time 10% origination fee up to $30 for a new loan.
  • You can renew a payday loan up to two times, but you must pay an amount equal to at least 25% of the principal plus interest on the remaining balance. Afterward, the lender must allow you to enter into a payment plan that lasts a minimum of 60 days and includes three or more payments, with no penalty, fee or other charges.

The maximum interest rate on a payday loan in Portland is 36% annually. The maximum annual percentage rate (APR), which includes the origination fee, is 153.77%.

The chart below shows the maximum amount you will pay for a payday loan in Portland that is paid off in 31 days.

Loan amountOrigination fee and interestTotal cost of the loan
$100$13.06$113.06
$200$26.12$226.12
$500$45.29$545.29
$1,000$60.58$1,060.58

How to apply for a payday loan in Portland, OR

Depending on the Oregon payday lender, you can apply for a payday loan in person or online. It’s simple and fast, and you don’t need great credit. The requirements vary slightly from lender to lender, but in general, you need:

  • Valid ID
  • An open checking account
  • A valid phone number
  • Proof of steady income

Depending on the lender, you can apply in person or online. If you apply in person and are approved, you can walk out with cash immediately. If you’re approved for an online payday loan in Oregon, the funds may take one to two business days before the company deposits them electronically.

If you’re approved for a payday loan in Portland, the lender provides a written loan agreement, which you should read carefully. You have the right to cancel a payday loan by the close of the next business day after signing by returning only the principal.

Portland payday advance loan FAQ

What credit score is needed for a payday loan in Portland?
You don’t need a good credit score to qualify for a payday loan in Portland. Some lenders don’t even run a credit check. As long as you have a valid ID, an active checking account and a steady source of income, you are in a good position to qualify.
Can I get arrested for not paying back a payday loan in Portland?

No, you can’t be arrested for defaulting on a payday loan, according to the Consumer Financial Protection Bureau. If a payday lender in Portland threatens to have you arrested, alert the Oregon Department of Justice and the Division of Financial Regulation.

What are some alternatives to payday loans in Portland?
Alternatives to payday loans in Portland include:
  • Contacting creditors and asking for due date extensions or payment plans
  • Borrowing money from family or friends
  • Applying for a loan at a bank or credit union
  • Requesting a paycheck advance from your employer
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Portland payday loan company information

Quik Check

Quik Check provides online payday loans to Portland residents. Most applications are processed within 24 hours, and you can pay off your loan early with no penalty. Funds are electronically deposited and debited from your bank account. Visit Quik Check’s website to start applying.

  • Address: Serves Portland residents
  • Phone: (541) 734-5555
  • Hours: Call for hours
  • Website: quikcheck.com
CashCo

CashCo provides Portland residents with payday loans and small installment loans. The company pays out up to $3,000 for installment loans. Customers get clear documentation on their loan amount, APR and payback term after their application has been approved. CashCo representatives help Portland-area customers understand the loan requirements before receiving their payday or installment loan. The company offers services in Spanish and English.

  • Address: 3420 SE Cesar Chavez Blvd., Portland, OR 97202
  • Phone: (541) 234-2274
  • Hours: M - F: 9am - 6pm
  • Website: cashcoloan.com
McKenzie Communications Inc.

McKenzie Communications offers payday loans and cash for gift cards. Oregon customers can receive cash the same day their application is approved. Customers must bring two recent pay stubs, a 30-day transaction printout from their checking account, a valid Oregon ID or ODL and a check. McKenzie representatives are committed to helping customers understand the company’s payback terms before they receive cash.

  • Address: 1704 W. Sixth Ave., Eugene, OR
  • Phone: (541) 302-1551
  • Hours: M - F: 10am - 6pm; Sat: 11am - 4pm
  • Website: mcispeedycash.business.site
Cash & Go

Cash & Go offers a variety of financial services, including payday loans, check cashing and money transfers. The company employs Spanish-speaking representatives. Cash & Go is open nights, weekends and holidays, and its representatives review and approve your application while you wait.

  • Address: 11055 SE Division St., Portland, OR
  • Phone: (503) 253-8868
  • Hours: Call for hours
  • Website: find.cashamerica.us
Sawbucks Inc.

Sawbucks Inc. guarantees that all payday loan applications are approved, even for people who are currently unemployed or have bad credit. Sawbucks representatives approve applications 24/7, and make money available one hour after customers complete their application form. Customers can begin their application online and request up to $1,000.

  • Address: 2311 S. Sixth St., Klamath Falls, OR
  • Phone: (541) 882-6898
  • Hours: M - F: 9am - 6pm; Sat: 10am - 4pm
  • Website: theguaranteedloans.com/oregon/payday-loans-in-klamath-falls/sawbucks-inc
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Profile picture of Sandi Pope
Sandi Pope ConsumerAffairs Research Team

Sandi Pope previously worked in the nonprofit sector as an advocate for environmental and social change and believes information access is a human right. As a member of the ConsumerAffairs Research Team, she seeks to provide consumers with the necessary information needed in making life-altering decisions.