Plain Green Loans

Plain Green provides quick loans to clients sufficient for their immediate needs. The service is extremely quick and delivers requested funds directly to borrower’s account. Plain Green Loans is generally approached by people who come across situations where they need to make payments within a day or two, but do not have the cash at hand just then.

Such loans are not governed by state laws and instead work in compliance with the rules of Chippewa Cree Tribe settled in the Rocky Boy Indian Reservation.

Applying for a Loan:

In order to receive a loan, it is necessary to submit an application regarding the requirements. The form can be filled up within a few minutes. The borrower needs to provide name, Email address, Social Security Number, Date of Birth and State. Since SSN is issued to American-born people, thus the loans can be claimed by local residents only. Unlike regular banks, they do not ask for long personal details. Instead their conditions compel the borrower to be at least 18 years old, have a valid Email address, own an active checking account and be in the state where Plain Green Loans services are available.

Loan Limit:

There are certain limits applied on the maximum receivable loan so that a lot of people can easily avail their services. Those people who wish to ask for a loan for the very first time can take home from $500 to $1000. On the other hand, repeat clients can get up to $3000. The borrowers should try to pay loans on time. This will establish a trusted relationship between both parties and will help them ask for even larger amount in future.

Charges:

Plain Green Loans ask for much higher interest rates than local banks. However their absolute benefits more than make up for these charges. Interest rate falls between 210% and 438%. The official website contains a loan calculator that lets you estimate costs on the basis of loan amount and payback duration. Moreover, additional charges are applicable in case of delayed payment and skipped payment.

Benefits:

Plain Green Loans is a beneficial service aiming to meet customer requirements within the shortest possible time. Major advantages of the same-day loans include:

Flexibility:

Plain Green Loans provides flexibility to borrowers for returning the loan. They can make payments as soon as possible or take longer time if necessary. There are no penalties applicable if they want to make full payment at the earliest. Bi-weekly, monthly and semi-monthly options are available that can be decided while making a loan request. Number of installments may vary, but the payment sum stays the same for all formats due to balanced interest rate.

Affordability:

Despite huge applicable charges, it is considered a moderately affordable loan system. The high interest rate can be dealt with by returning full payment on the very first pay date. Moreover, competitive deals are offered from time to time. These deals have large discounts and the borrowers can avail such offers to take or return loans at lowest interest rates.

Quick Response:

Plain Green loans provider quickly responds to user inquiries. Whether you want to discuss loan return policy or make payment, it can be done within a day or two. After the loan application is submitted successfully, the eligibility factor is determined in no time. Same is the case with funds receiving that does not take more than two working days. Low response time saves applicants from waiting for long and enables them to fulfill their needs as soon as they can.

Secure Funds Transfer:

Funds transfer process takes place through secure methods. The loan applicants must ensure that the entered information is valid and free from errors. Requested amount is directly transferred to the mentioned bank account on time. When due date of loan return comes, it is the responsibility of borrowers to make sure that enough amount is present in account to avoid extra charges.

No Credit Score:

This form of loan is suitable for those people who fail to maintain good credit score. There is no need to provide previous track record of loan returns. Instead they rely on current status of borrower to judge eligibility.

Credit Bureau:

The information of payments made by borrowers is reported to a reliable credit bureau. This helps with a considerable increment in credit score with time. Even if the borrowers possess a low credit score currently, they can improve by making planned payments in due time.

No Hidden Charges:

The loan providers deal with borrowers in a professional way. All applicable charges are clearly mentioned by them to facilitate clients and there are no hidden charges or fees. The upfront details help borrowers in properly estimating due payment and stay safe from sudden shock.

Drawbacks:

Although there are many benefits of this type of loan, it also has a flip side. The interest rate is extremely high that creates problem for borrowers. They are already in trouble and cannot afford to pay due to which they ask for money. But such high charges play a role in increasing their issues instead of resolving them. There are multiple other loan methods that offer loans at far lesser rates. However, those banks require guarantee and high credit score which is not possible for everyone.

Additional Considerations:

Before applying for a loan, it is recommended to focus on certain additional factors.

Overall Cost:

The whole involved costs must be determined first. Interest rate, funds transfer fee and other similar charges are to be taken into account for getting exact cost. Then this cost can be compared with other loan methods to make the right choice.

Loan Return Capability:

The customers should verify whether they will be able to return full payment in due time. All the resources from where money can be received should be analyzed for this purpose.

Timely Payments:

Another key factor is to check that all payments must be paid in time. In case of delay or unavailability of funds, additional charges apply which will only add to the problems.

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