Plain Green Loans facts for kids

Plain Green Loans is an online company that offers installment loans. These loans help people get emergency cash through the internet. The company is owned by the Chippewa Cree Tribe. This tribe lives on the Rocky Boy Indian Reservation. Plain Green Loans is known as a Tribal Lending Enterprise.

About Plain Green Loans

Plain Green Loans helps people get money quickly when they need it. They offer loans that are paid back over time, in smaller amounts. This is different from a payday loan, which is usually paid back all at once.

How Tribal Ownership Works

Plain Green Loans is owned by the Chippewa Cree Tribe. This tribe is a sovereign nation. This means they have their own government and can make their own rules. Because of this, they are not always under the same laws as states. This includes rules about how much interest can be charged on loans.

Company Rating

Plain Green Loans has a "B" rating with the Better Business Bureau. This organization helps people find trustworthy businesses.

History of Plain Green Loans

Plain Green Loans has been helping people with loans for many years.

Early Years and Growth

In 2011, Plain Green Loans gave out more than 121,000 loans. This shows how many people used their services.

Important Court Ruling

In February 2012, a group of Native American tribes celebrated a court decision in Colorado. This ruling said that tribal immunity, which protects tribes from some state laws, applies everywhere. It means that tribes can operate under their own rules no matter where they are.

Settlement Agreement

In January 2018, Plain Green Loans reached an agreement with another company called BEH Gaming Ltd. This agreement was about money that was owed to BEH Gaming Ltd. Plain Green Loans paid off this debt. This meant that the Chippewa Cree Tribe and its development company were no longer responsible for the money. This agreement helped settle a disagreement that started in 2014.