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How to receive a 100 day loan: CDC/504 Loan Program As a tribal lender Plain Green has not submitted to regulation by the states in which it operates. In general, each state has their own laws and regulators. This can make it very confusing and expensive for lenders as they must be in compliance with numerous and some times conflicting regulations. Native American tribes have a unique distinction in that they operate as separate entities and export their laws into other states. This simplifies compliance and at its best means tribal lenders can pass savings on to consumers but at its worst is gives room for lenders to do unscrupulous lending practices. It is for this reason that many states are challenging the right of tribes to export their laws. Plain Green appears to be a solid lender but we prefer state licensed lenders as there is an additional level of scrutiny. Plain Green is able to become state licensed but at this point is not. Not all lenders can provide the maximum amount of funds ($1000) and there is no guarantee of the amount of cash funds you will be approved for, if any. Not all lenders offer same day cash transfer times.

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News In the course of reporting a story earlier this year, I logged on to a site called eTaxLoan.com and filled out an application. Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.
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