Plain Green Review: Is It A Scam Or Legit?

Plain Green is a personal loan company that has been in business since 2011. They offer unsecured loans from $500 to $3,000, and you can borrow for any purpose you choose. Plain Green is one of the most popular personal loan companies on the internet, but is it a scam or legit? In this blog post, we will take a close look at this lender and see what its customers have to say about them.

Plain Green LLC is a tribal lending entity wholly owned by the Chippewa Cree Tribe of the Rocky Boy’s Reservation, a federally recognized American Indian Tribe. Plain Green is an online lender that offers short-term personal loans.

Their website is very user-friendly, and they have a FAQ section that answers the most common questions. Applying for a loan is a simple process, and you can get approved in as little as 24 hours. Once you’re approved, the money will be deposited into your bank account within one business day.

The biggest complaints against Plain Green are bait and switch tactics, sky high interest rates, and poor customer service. There are a lot of negative reviews about Plain Green on the internet, and they have a warning on the BBB. It seems that this company is not a scam, but there are definitely some things you should be aware of before taking out a loan with them.

1.5 out of 5.0 stars1.5

Pros and Cons

When it comes to Plain Green personal loans, this lender is not the best option out there. In fact, they have more cons than pros. The biggest con is that they are a bait and switch artist, promising low-interest rates but then hitting customers with sky high interest rates. This is extremely disappointing and frustrating for customers who were expecting to get a great deal on their loans.

Another big con is that it has terrible customer service. If you have any questions or concerns about your loan, good luck getting in touch with a customer service representative. You’ll probably just end up frustrated and angry.

So, what are the pros? Unfortunately, there aren’t many. The only real pro is that they offer personal loans. However, as we’ve already mentioned, there are much better personal loan providers out there that won’t bait and switch you.

What is Plain Green?

It is a personal loan company that uses bait-and-switch tactics. They lure customers in with the promise of low rates, but then switch to higher rates once the customer is approved for a loan. This makes it difficult for customers to repay their loans and often leads to default.

It also charges hidden fees and has poor customer service. Overall, this company is not to be trusted. There are far better options available that won’t trap you in a cycle of debt.

How does it work?

It offers loans of $500 to $3000. The rates on these loans are very high, and the terms are very short. This makes it difficult for borrowers to repay their loans on time.

They advertise low rates and easy repayment terms, but when the customer applies for the loan, they are offered a much higher interest rate and shorter repayment term.

If you’re considering taking out a loan with them, be sure to read the fine print carefully before signing any paperwork.

How to qualify for Plain Green?

Unfortunately, there are a few catches. Firstly, you need a job or some other source of regular income. Secondly, you need to have a bank account with a checking account in good standing. And finally, you must be at least 18 years old. If you meet all of these criteria, then you should be able to qualify for Plain Green personal loans.

Some basic requirements are to provide your personal identifying information, including your name, address, and social security number. 

Of course, there is no guarantee that you will actually receive the loan amount that you apply for. That decision is ultimately up to them and will depend on factors such as your credit score and debt to ratio history and overall financial situation.

What is the interest rate on Plain Green?

The personal loan rate on Plain Green is 599% which is very high. In fact, it is one of the highest personal loan rates that you will find. If you are considering taking out a personal loan, you should definitely look elsewhere. There are much better options available with much lower rates. It is simply not worth the high-interest rate. You would be much better off taking your business elsewhere.

You can check your rate for free, through an online application form. 

How do you pay back Plain Green?

If you’re one of the many people who have taken out a personal loan from Plain Green, you may be wondering how you’re going to pay it back. Unfortunately, there’s no easy answer.

It doesn’t charge you any “hidden fees” that are not fully disclosed in the Loan agreement or the Loan Cost & Terms. It does charge fees for missed, returned or late payments.

Depending on the terms of your loan, you may be required to make weekly, bi-weekly, or monthly payments. And if you have late payments, you’ll likely face harsh penalties and fees. So if you’re struggling to make ends meet, it’s important to reach out to Plain Green and try to work something out.

But even if you’re current on your payments, paying off a personal loan from Plain Green can be difficult. That’s because the interest rates are often quite high – in some cases, they can be as high as 599%. So even if you’re making regular payments, it may feel like you’re barely making a dent in your debt.

What happens if you don’t pay Plain Green?

If you can’t pay back your Plain Green personal loan, there are a few consequences you may face. First and foremost, your loan will go into default. This means that Plain Green will attempt to collect the full amount of the loan, plus any fees and interest, through whichever means necessary. This could include wage garnishment, legal action, or collection agencies.

On their site they state the following ” If you fail to repay your loan in accordance with its terms, we may place your loan with, or sell your loan to, a third-party collection agency or other company that acquires and/or collects delinquent consumer debt.”

Defaulting on your loan will also damage your credit score, because they may report your payment history to one or more credit bureaus, late or nonpayment of your loan may negatively impact your credit rating making it more difficult and expensive to borrow money in the future.

In some cases, you may even be sued by Plain Green. If you lose the lawsuit, you could be responsible for paying Plain Green’s court costs and attorney fees – on top of the money, you already owe them!

Needless to say, it’s in your best interest to repay your Plain Green personal loan on time and in full. If you can’t do that, be sure to contact Plain Green as soon as possible to discuss your options. The sooner you take action, the better off you’ll be.

What kind of loans does Plain Green offer?

Plain Green loans are high-cost, short-term loans that are typically repaid in full within two weeks. Plain Green charges exorbitant fees and interest rates, which can trap borrowers in a cycle of debt.

In addition, Plain Green loans are often made to people with poor credit histories, which makes it difficult for them to get out of debt. Overall, Plain Green loans are a bad deal for borrowers. If you’re considering taking out a loan from Plain Green, be sure to compare the terms and conditions carefully before making a decision.

What is the minimum credit score for a Plain Green loan?

Unfortunately, there is no clear answer. Plain Green does not publicly disclose what the minimum credit score for a loan is. However, based on our research and understanding of the company, we believe that the minimum credit score for a Plain Green loan is likely to be quite low.

This is because Plain Green loans are designed for people with bad credit. The loans have very high interest rates and fees, which make them very expensive. If you have bad credit and are considering a Plain Green loan, we would urge you to reconsider.

How does Plain Green affect your credit?

If you’re considering taking out a loan with Plain Green, it’s important to understand how it could affect your credit. Unfortunately, loans from Plain Green can have a negative impact on your credit score. This is because the loans are considered to be high-risk, and they often come with high-interest rates. If you miss a payment or default on your loan, this will also damage your credit score. Be sure to consider how it could affect your credit first.

How to cancel Plain Green?

It’s actually pretty easy to cancel your Plain Green loan, and there are a few different ways to do it. You can either call customer service and speak to a representative, or you can log into your account online and cancel your loan that way.

If you decide to call customer service, make sure you have your account number handy so they can pull up your information quickly. The representative will likely ask you why you’re cancelling the loan, and if there’s anything they can do to keep you as a customer. Be firm in your decision and explain that you no longer need the loan and would like to cancel it.

Remember that any outstanding balance on your loan should be paid in full before cancelling your loan. If you have any questions about how to do this, the customer service representative will be able to help you. Once your loan is paid off and cancelled, you’ll no longer have to make payments or worry about accruing interest.

Either way you do it, cancelling your Plain Green loan is pretty straightforward.

Plain Green BBB Reviews

Plain Green Loans is a company that offers loans to people who may not be able to get loans from traditional sources. The company has a Better Business Bureau, BBB, rating of “B” and there are over 100 complaints against the company. Many of the complaints are about problems with customer service, loan terms, repayment issues and consumers allege the interest rates are in violation of their state laws. . There are also reports of people being harassed by collection agencies.

Here are some Plain Green BBB Reviews:

JASON F 06/06/2022

1.0 out of 5.0 stars1.0

They consistently called and emailed me every single day even after paying them and being ahead of the minimum due each month. The website is complete garbage and it claims I am late on payment as well. Even if you pay them they are still going to harass you and possibly call you at work like they did to me. Surely anyone with commonsense will know not to call the customer at work in fear of getting them fired.

If they get fired how will they pay? I have had to call customer service every single month and some occasions a few times a month. Calling them is just a waste of time and oxygen. They will treat you so disrespectfully and eventually you will end up back at step one. Not sure why they even have a number too call because they just tell you anything they want to get you off the phone. They do not actually accomplish anything.

kd1120 03/18/2022

1.0 out of 5.0 stars1.0

I set up for a small loan with Plain Green around October 2021. My girlfriend and I had been dealing with out own hardship, especially with only 1 of us working during the pandemic and we needed a little extra help. When setting up for this loan, we wanted it to be set for monthly payments.

December 2021 comes around and we were wondering why our money was seemed to be disappearing. We come to find out that Plain Green had actually put us down for bi-weekly payments, which certainly doesn’t help us any. We called to see about getting them to correct that for us, they refused.

I understand that there is basically a contract in place, but they dropped the ball on us. We tried working through and do what we could. We had 2 incomes for about a month and half and 1 of us lost our job, unable to pay.

I come to find out when I called Plain Green that our total due was shooting up higher and higher because they have a late fee AND on top of that, in general, even if you’re not late or past due, they charge you $14.28 interest for EVERY DAY (you take 30 days to pay a loan, well you pay the principal amount plus interest PLUS the $14.28 X30), which WE WERE NOT INFORMED OF AT THE BEGINNING.

We have no way of getting out of this hole because their interest will only continue to make you drown. 90 days past due is tomorrow (3-18-22) and I either have to set up modification with them, which sets us back to the original principal owed, original interest that we owe will be reset back to zero and the $14.28 per day continues, or we can do a settlement, which in the end, WE LOSE.

There’s no winning with Plain Green, they will not give you any other options, even when they s**** up. They are crooks, please please please can someone help me??? This is the first time I’ve ever been in this situation. Also, STAY AWAY FROM PLAIN GREEN!

Is Plain Green Legit or a Scam?

When it comes to personal loans, there are a lot of companies out there that claim to be able to help you. However, not all of them are legitimate. In fact, some of them are nothing more than bait and switch operations.

One company that has a lot of negative reviews is plaingreenloans.com. This company claims to offer personal loans, but many people have accused them of being a scam.

So, what’s the truth? Is Plain Green legit or a scam?

Unfortunately, it’s hard to say for sure. There are a lot of personal loan companies out there that have been accused of being scams, and Plain Green is just one of them. If you’re considering taking out a personal loan from Plain Green, you should do your research and make sure that you understand the terms and conditions.

Have you had an experience with Plain Green? Let us know in the comments below.

Thank you for reading!

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