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Some critics of short-term lending have alleged that American Indian tribes do not benefit from their lending businesses, and that the businesses are a loophole allowing "payday lending firms affiliating with Native American tribes and taking advantage of tribal sovereignty to offer loans online that would otherwise be blocked by many US state laws."
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. [1] [2]
Comparing installment loan lenders: 5 steps. After deciding on the exact type of loan you need, the next step is to compare lenders. When you compare lenders, it ensures that you know which offers ...
While many dealerships offer in-house financing, you can also find direct auto loans through credit unions, banks and online lenders. They tend to offer lower rates and more repayment flexibility.
However, the Federal Trade Commission has begun to aggressively monitor these lenders as well. [12] While some tribal lenders are operated by Native Americans, [13] there is also evidence many are simply a creation of so-called "rent-a-tribe" schemes, where a non-Native company sets up operations on tribal land. [14] [15]
Happy Money is not a direct lender, but a financial service provider that partners with lenders to provide loans with fixed rates from 11.52% up to 24.81%. Loans might range from $5,000 to $40,000.
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