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Plain Green Loans is a solid Native American lender, they offer one of the lowest interest rates among the 150 plus tribal lending companies. Their $3K installment loan that lasts for six months (structured for six months, but can be repaid early at any point) carries an APR of just over 59% which is high when compared to the old bank lending products and it's higher than a few brick and mortar store lenders, such as Springleaf Financial. But among the other tribal lenders, many of which have 500% to 800% APR's the terms offered by Plain Green Loans are not that bad. There's another financial downside: You may have to go without Social Security benefits for a few months while the agency sorts out how much you have to repay and you reapply for benefits. When your benefits stop, so do the automatic deductions that cover your Medicare premium. You'll have to pay the Part B premium yourself -- currently $96.40 a month for most retirees -- until your Social Security benefits resume. REQUIREMENTS: Approval depends upon meeting legal, regulatory and underwriting requirements. CASH 1 and third party lenders may, at their discretion, verify application information by using national databases, including but not limited to Teletrack and Clarity, that may provide information from one or more national credit bureaus. CASH 1 or third party lenders may take this information into consideration in the approval process. Due to state and verification requirements, not all applicants for online loans may be eligible for instant approval by CASH 1 or third party lenders. You may be required to submit additional documents due to state law and qualification criteria. If you have defaulted on past transactions, you may be declined for a cash advance from CASH 1.
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