Personal loans can be a great way to get fast cash when you need it most. But there are many different forms of personal loans. There are traditional bank or credit union loans, small-dollar installment loans, payday loans, and more. Finding the right one for your financial situation is essential. If you’re considering loans like Plain Green, read on to learn more.
Plain Green, LLC A tribal enterprise organized under and governed by the laws of the Chippewa Cree Indians of the Rocky Boy’s Reservation, a federally recognized Indian tribe.
Finding The Right Personal Loans
If you’ve ever taken out a personal loan in the past, then you’ve probably already discovered how many types there are. They come in many forms, all with different rates, terms, and conditions. This means that if you want to find the best one for you, you’ll need to do plenty of research. A little hard work and dedication before you sign for one could save you big time in the long run.
Here are a few of the most common ones you may encounter on your search:
Personal Installment Loans
These are often viewed as an excellent alternative to high-dollar, short-term loans like payday or title loans. And some personal installment loans have an easy approval process. A personal installment loan may offer you more cash and a more extended repayment period than these other options. They’re unsecured, meaning you won’t need collateral, and you can find them through many online lenders.
A payday loan is a very short-term, high-cost option. They’re also unsecured, but they offer much less cash on average and a lot less time to repay the loan. Typically, payday borrowers have to return the principal and interest within two weeks. The short repayment period and high APRs make these difficult to repay on time, if at all.
Cash advance is a term that can describe several different financial products. The most common would be a credit card cash advance. This is precisely what it sounds like; withdrawing cash using your credit card. Sometimes you can even transfer the money online to your checking account. This option can also carry higher interest rates than regular credit card purchases, as well as no grace period.
Plain Green: What You Need To Know
Plain Green is an online lender offering unsecured loans between $500 and $1,000. These would classify as installment loans since they are paid off over several months. According to their website, the interest rates tend to be very high. Their annual percentage rate for a $700 loan would be 413%.
These extremely high interest rates can be challenging to pay off for borrowers already struggling. Although you’ll have several months to return the principal and interest, you’ll be paying back much more than you initially borrowed.
How Does It Work?
A Plain Green loan and application process may look similar to some other online lenders. Below is more about the loan process and some of the documentation you may need:
- You can apply online at their website.
- Once Plain Green reviews your application and financial information, they’ll let you know whether they can offer you a loan.
- You will then have a chance to review the loan amount, terms, rates, and other conditions.
- If you’re accepting the loan and terms, you will sign for it at this time.
- They will then transfer your money into your bank account, usually by the next business day.
- Once you pay back the loan and interest, the loan agreement is fulfilled.
Who Are Plain Green Loans For?
Companies like Plain Green offer loans to borrowers who may not get one through traditional lenders. While banks and credit unions might not approve them for a loan, Plain Green likely will. But just because you can get a loan from a particular lender doesn’t mean you should.
Luckily, more and more companies are catering to borrowers with less-than-perfect credit scores. If your credit score needs some improvement, but you still need fast cash, it’s worth exploring all of your options.
CreditNinja: How Does It Compare?
CreditNinja is a superior online lender offering fast-cash loans to borrowers who need emergency funds. You don’t need an excellent credit score, collateral, or perfect credit history. With CreditNinja, you can get much more cash than your average payday loan. And you can have a more extended, more flexible repayment period.
CreditNinja’s personal installment loans are designed with you in mind. You may not be able to get a bank or credit union loan. But a personal installment loan from CreditNinja could be the solution you’re looking for.
How Does CreditNinja Stand Out?
CreditNinja stands out simply by offering larger, more affordable personal loans than your average payday lender. You can get much more cash, manageable repayment terms, and outstanding customer service.
You can apply, get a decision, receive your cash, and make payments all from the comfort of your home. With CreditNinja’s fully online loan experience, we make it easy to get quick cash online.
Who Should Pick CreditNinja Installment Loans?
Have you been struggling to improve your credit score? Maybe you’ve been denied for other personal loans from traditional lenders. You might even be dealing with a financial emergency like car repairs, medical bills, or other unexpected expenses. If this sounds like your situation, then CreditNinja is here to help.
At CreditNinja, you won’t be denied simply because you don’t have a perfect credit score. We base our decisions on several factors, including your overall ability to repay the loan.
CreditNinja offers the loans you need when you need money right now. We care about your financial future and getting you the cash you need to take care of yourself and your family.
If you’re currently in the market for an emergency loan, it’s time to take a closer look at CreditNinja. Apply online today to find out how much you may be eligible for.