Quik cash loans spokane valley

The tribe partnered with Think Finance and renamed its lending company Plain Green. The tribe would own 51 percent of the company, and Think Finance would own 49 percent. The new venture would offer installment loans, a term the industry prefers to use instead of payday loans. Like traditional payday loans, installment loans are small loans with high interest rates that often trap borrowers in a morass of debt.

Unlike traditional payday loans, they are paid back over time quik cash loans spokane valley longer than a single pay cycle. Plain Green says its minimum repayment cycle is four months. Ten months after Plain Green started making loans, Think Finance lauded the venture in a blog post as a big win for both consumers and the Chippewa Cree.

Quik cash loans spokane valley

You should check your loan agreement for your lender's policy on automatic loan renewal prior to quik cash loans spokane valley it. If your loan is renewed, there will be additional charges as determined by your lender, and the minimum term can be set up. Your lender may offer you other options in addition to renewal, including the ability to repay your loan in full at a later date or repay your loan over time in a series of installments.

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Quik cash loans spokane valley

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Quik cash loans spokane valley