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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]
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."
An installment loan is a type of agreement or contract involving a loan that is repaid over time with a set number of scheduled payments; [1] normally at least two payments are made towards the loan. The term of loan may be as little as a few months and as long as 30 years. A mortgage loan, for example, is a type of installment loan.
Offered by the federal government and online lenders, 43.2 million borrowers currently hold student loans in the country. The Education Department offers federal student loans through one ...
As for its personal loan products, LendingClub offers installment loans for up to $40,000, with terms of three to five years and an APR of 9.57% up to 35.99%. Origination fees may range from 3% to 8%.
1. Read lender reviews. Installment loans are offered by nearly every type of financial institution, including online lenders, banks, credit unions and peer-to-peer lenders. A good way to narrow ...
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