PlainGreenLoans.com
Online Company
Based in Montana
PlainGreenLoans is a web-based company that is willing to do business with Vermont residents. The company offers a number of options and benefits that are different from traditional pay day loans.
One benefit is the chance to receive a larger loan than you would expect from a pay day loan. New customers can receive up to $1000. In general, a first-time customer will receive between $250. and $800. A second benefit is a lower interest rate and lower fees. Customers who use this service more than once can look forward to even lower rates on their future loans.
PlainGreenLoans customers also have better repayment options. Your repayment term can be between four and twenty months. If you are able to repay your loan early, you are welcome to do so without paying any penalty.
PlainGreenLoans has the same basic eligibility requirements as you will find for most standard pay day loans. You must be eighteen years old or over, and have steady income. They do not state whether a borrower needs a specific amount of income in order to qualify.
However, there is one requirement that differs from many pay day loan companies. Within the last thirty days, your checking account must not have had any negative actions. These include overdrafts, checks returned for nonsufficient funds, or a negative balance to your account.
You can begin the application process by submitting your name and email address through the short form on the PlainGreenLoans.com website. You will receive a reply almost immediately. If your application is approved, you will be told how much money you are eligible to receive. An approved loan means the money will arrive in your bank account the following day.
If you pay off your loans on time, the more loans you take out the more you will benefit. PlainGreenLoans states that customers who are responsible with repayments may be eligible for $2500. by the time they request their fourth loan. The fourth loan can come with an APR in the range of 90% lower than standard pay day loans.
When you are approved, your loan agreement will include all of the relevant details. One point you should know in advance is late payments will result in extra fees.
An additional point of interest is this company belongs to an Indian Reservation in Montana. As a nation in itself, they have the authority to offer loans even in states where pay day lending is prohibited. PlainGreenLoans can legally do business with residents of Vermont.
PlainGreenLoans is a lender. In most cases, they can fund small loans without dealing with outside lenders. However, if they cannot fund your loan, they can assist you in finding a lender who can cover your loan.
Although the website is clear and easy to understand, you can call their customer service department if you have any questions. The telephone number, FAX number, and the hours they are open are all listed on the site.
