Plain Green is headquartered on our reservation and led by our tribal members and our people are incredibly proud of the business we've built," Plain Green's CEO, Joel Rosette, said through his spokesman, Bartlett.
Some borrowers say they have fared poorly in their dealings with Think Finance and Plain Green. Clarnetta Rice, a 67-year-old retired customer service representative for the Philadelphia health department, illustrates the problems borrowers commonly face based on the terms of Plain Green loans.
Payday lending is illegal under Pennsylvania law. But in April 2012, Rice went online and borrowed 800 from Plain Green in order to get her car fixed. In the three months it took her to pay that loan back, she racked up 1,383. 74 in interest. Still, in August 2012, she borrowed another 1,000 from Plain Green, and in September 2013 another 1,600. Paying her last loan off cost her 2,834 in interest over just four months. All told, Rice borrowed 3,400 from Plain Green and paid cimb bank personal loan repayment table 2014.
Delgado said an interest rate of 68 percent is not a part of his business practice but would not comment specifically on the Laughing case. As security for the loan, Cash Cow reportedly took interest in Laughings 2000 Chevy Cavalier.
It is alleged that the vehicle was repossessed when Laughing became delinquent on her payments. Reportedly, when she paid off her loan, the vehicle was never returned to her. This case was dismissed. Both parties referred to a confidentiality agreement, declining to reveal the reason for dismissal of the case.
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