Plain Green offers small loans of between 250 and 1,000 for first-time borrowers. Returning customers are eligible for loans up to 3,000. The agreement between the tribe and the company explains how when a customer logs on to Plain Greens website and applies for a loan, Think Finance's software processes the customers information, evaluates whether to make the loan and calculates fees.
According to a 2011 flow chart created by Think Finance, Plain Green pays TC Decision Sciences, which Think Finance has said in federal court filings is one of its entities, 50 for each approved and funded loan. A former Plain Green executive and member of the Chippewa Cree tribe who requested anonymity due to fears of retribution told HuffPost that at the end of each day, a Plain Green officer signed off on all the loans approved by Think Finances software.
That meant that technically, the loans were made personal loan spreadsheet repayment Plain Green, despite the fact that the tribal company had no meaningful role in the lending process. To find more people to make loans to, Plain Green pays a company called Tailwind Marketing, which Think Finance has said in federal court motions is also one of its entities. According to the flow chart detailing the business structure, Plain Green pays 100 plus tax to Tailwind for every approved borrower Tailwind refers.
The flow chart also shows that after the loan is made and a borrower has a Plain Green account and is making payments, TC Decision Sciences charges Plain Green 5 a month per active account for servicing activities like customer service, verification and collections.
Moreover, Plain Green doesn't actually own the loans that it personal loan spreadsheet repayment.
Cashfloat terms and conditions apply. Applicants must be 18 or over. All loans are subject to affordability, applicant verification and traditional credit checks via various national databases by Cashfloat responsible lending policy.
Loan limit maximum of £500 for first-time customers (£1100 for existing). In most cases, loan decisions may take up to 30 minutes during office working hours. If your bank does not support Faster Payments, funds will be sent to your account the same day as approval so long as youre approved by 16:30. Representative example: Borrow £500 for 4 Months, 4 Personal loan spreadsheet repayment Repayments of £215.
Total repayment £863. Interest Rate PA (fixed) 270.
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