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Plain Green Loans

Date: Tue, 10/09/2012 - 01:52

Submitted by WickedJest00
on Tue, 10/09/2012 - 01:52

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Total Replies: 4


hello, I have a feeling this question has begun to resemble a broken record.
Is the company Plain Green Loans legal in the state of michigan? I am just learning about these licenses as of recently and am looking for any information possible that will avoid me from going to the poor house.
I have paid back about half of what I owe, but due to the outrageous interest rates, i have paid back $50. Currently I am delaying paying my credit cards due to the mess I am in.
Thank you for your time.
-Corey-


Oh man, do NOT delay on your credit cards. Unlike payday loans, credit card payments that are missed can have a huge impact rather quickly vs. these illegal lender loans that won't more than likely affect your credit, if ever. I would keep making those CC payments my friend, you'll be glad you did. If the lender is illegal which it sounds like it is, then do what the steps are on a thread in this forum in dealing with illegal lenders.


lrhall41

Submitted by Hiya on Tue, 10/09/2012 - 02:36

( Posts: 69 | Credits: )


Here's their website info at the bottom. They're illegal. Do not delay in paying your important bills. You will regret it later on.

*Plain Green, LLC is a tribal lending entity wholly owned by the Chippewa Cree Tribe of the Rocky Boy's Indian Reservation, Montana, a sovereign nation located within the United States of America, and is operating within the Tribe's Reservation.
Applications processed and approved before 6 p.m. ET are typically funded the next business day. In some cases, we may not be able to verify your application information and may ask you to provide certain documents. Maximum loan amount for initial loan is $1,000.00. Refer to Loan Cost & Terms for additional details. Complete disclosures of APR, fees and payment terms are provided within the Loan Agreement.

Please note: This is an expensive form of credit. Plain Green loans are designed to help you meet your short-term borrowing needs. Appropriate emergencies might be a car repair, medical care for you or your family, or travel expenses in connection with your job. This service is not intended to provide a solution for longer-term credit or other financial needs. Alternative forms of credit may be less expensive and more suitable for your financial needs. Alternative sources you could consider include: a credit card cash advance; personal loans; home equity line of credit; existing savings; or borrowing from a friend or relative.

1First time Plain Green Loans customers typically qualify for an installment loan of $250 to $1,000 with an APR of 299.17% to 378.95%, or 40% less than the average 603.84% APR for a payday loan. For example, a $700 loan from Plain Green Loans at 364.00% APR would require 14 bi-weekly installment payments of $116.63. After the 14th successful payment, your loan would be paid in full. A typical payday loan of $700 with an APR of 603.84% and a fourteen (14) day term would require one payment of $862.29. Typical payday loan pricing is based on Texas-originated loans facilitated by credit service organizations such as CashNet USA?? (664.30%), ChecknGo?? (661.77%) and MyCashNow (485.45%) as of June 12, 2012.


lrhall41

Submitted by Hiya on Tue, 10/09/2012 - 02:38

( Posts: 69 | Credits: )


I am dealing with Plain Green my self - look at my Thread
Update on progress w/ lenders - You should find some helpful information, you are going to want to shut down your current bank account first... very important to either shut down completely or have the bank put on deposit only so they can't get any more money from you,.

Follow the links in either Waffles, Ohiogal1 or SoapLadys tags for more guided information...


lrhall41

Submitted by HelpinAZ on Tue, 10/09/2012 - 07:45

( Posts: 1870 | Credits: )