Is Plain Green a Direct Lender for Personal Loans? (2024)
Yes, Plain Green is a direct lender, which means they handle the full loan process, from application to funding and beyond, instead of simply matching you with another lender. Direct lenders are the only ones that handle your information, so it’s more secure, and they make the loan process faster by removing middlemen.
In the end, your loan comes directly from Plain Green, not through a partnering bank or credit union. Getting a loan from a direct lender may get you better rates than from an indirect lender, as well.
This answer was first published on 12/09/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.
Plain Green Loans is an online installment loan company providing emergency cash via the internet. It is a Tribal Lending Enterprise owned by the Chippewa Cree Tribe on the Rocky Boy Indian Reservation.
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is a direct lender, which means they handle the full loan process, from application to funding and beyond, instead of simply matching you with another lender. Direct lenders are the only ones that handle your information, so it's more secure, and they make the loan process faster by removing middlemen.
While Plain Green loans aren't technically payday loans, they're similar. Like payday loans, they're offered in relatively small amounts — $500 to $5,000 — and have sky-high interest rates.
The Plain Green loan timeline includes around 1 business day to get approved for a Plain Green loan and another as soon as the same day you apply to receive the funds after approval. Keep in mind that this is a typical applicant's experience, and in some cases it could take longer.
Green Loan Services LLC is a boutique Large Loan Special Servicer which has been approved by Moody's and is rated by Standard & Poor's and Fitch Ratings.
Plain Green Loans (PGL) is an online resource for the short-term financial needs of underbanked and subprime consumers. By offering bi-weekly and monthly installment loans, Plain Green helps consumers meet their emergency, cash-flow needs quickly and online.
Direct lenders are the only ones that handle your information, so it's more secure, and they make the loan process faster by removing middlemen. In the end, your loan comes directly from Plain Green, not through a partnering bank or credit union.
The absence of universally accepted standards and definitions of what comprises a 'green' project is one of the greatest obstacles facing green lending. This can lead to “greenwashing,” where initiatives are presented as environmentally friendly despite their minimal or negative impact.
Some of the easiest loans to get approved for if you have bad credit include payday loans, no-credit-check loans, and pawnshop loans. Before you apply for an emergency loan to obtain funds quickly, make sure you read the fine print so you know exactly what your costs will be.
Hard pull: When you apply for a Plain Green personal loan, Plain Green will do a hard inquiry into your credit history, which will temporarily drop your credit score by about 5-10 points in most cases. Increased debt level: Taking out a Plain Green personal loan will naturally increase the amount of debt that you have.
The case resulted in a watershed settlement the defendants refunded consumers' money, cancelled loans, agreed to cease attempting to collect them and agreed not to sell, transfer, or assign the loans. They also agreed not to sell borrowers' personal information.
The FTC suggests contacting your state attorney general or banking and financial services regulator to confirm whether or not a lender is registered in your state.
Plain Green is a tribal lending entity, wholly owned by the Chippewa Cree Tribe of the Rocky Boy's Indian Reservation, Montana — a federally recognized sovereign nation located within the United States of America.
Yes, you can refinance a Plain Green personal loan using either a new personal loan or a balance transfer credit card from a different lender. By paying off your remaining Plain Green balance with a new, lower-interest loan or credit card, you will shift what you owe to the new lender and save money on finance charges.
You can get money from a Plain Green personal loan as soon as the same business day you apply if you are approved before 11:30 a.m. ET, or the next business day if you're approved before 6:00 p.m. ET. Keep in mind that this is a typical applicant's experience, and it could take longer in some cases.
If you stop paying Plain Green, your credit score will drop and you could default on the loan, causing even more significant credit score damage that lasts for years. Other consequences of not repaying a loan from Plain Green include being bothered by debt collectors and possibly being sued.
Traditional payday loans, offered online and by storefront lenders, can also provide money quickly, but they typically have such high interest rates that they're outlawed in some states. Many banks and credit unions now offer similar loans but with more reasonable interest rates, called Payday Alternative Loans (PALs).
Hard pull: When you apply for a Plain Green personal loan, Plain Green will do a hard inquiry into your credit history, which will temporarily drop your credit score by about 5-10 points in most cases. Increased debt level: Taking out a Plain Green personal loan will naturally increase the amount of debt that you have.
Yes, Greenline Loans is a legitimate lender. It's a member of the Online Lenders Alliance (OLA), which has a set of best practices that help educate consumers.
Introduction: My name is Fr. Dewey Fisher, I am a powerful, open, faithful, combative, spotless, faithful, fair person who loves writing and wants to share my knowledge and understanding with you.
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