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Sep 28, 2017 - 34 minute read

Non bank personal loan philippines

A former Plain Green executive and member of the Chippewa Cree tribe who requested anonymity due to fears of retribution told HuffPost non bank personal loan philippines at the end non bank personal loan philippines each day, a Plain Green officer signed off on all the loans approved by Think Finances software. That meant that technically, the loans were made by Plain Green, despite the fact that the tribal company had no meaningful role in the american cash market loans process.

To find more people to make loans to, Plain Green pays a company called Tailwind Marketing, which Think Finance has said in federal court motions is also one of its entities. According to the flow chart detailing the business structure, Plain Green pays 100 plus tax to Tailwind for every approved borrower Tailwind refers.

The flow chart also shows that after the loan is made and a borrower has a Plain Green account and is making payments, TC Decision Sciences charges Plain Green 5 a month per active account for servicing activities like customer service, verification and collections.

Moreover, Plain Green doesn't actually own the loans that it makes. Instead, the flow chart and the agreement between the tribe and Think Finance specify that up to 99 percent of the loans are bought less than two days after they are made by a Cayman Islands loan servicing company, GPL Servicing. As is common with Cayman Islands corporations, it is almost impossible to determine who owns GPL Servicing.

The firm was incorporated in February 2011, a month before Think Finance struck its deal with the Chippewa Cree.

Non bank personal loan philippines

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Non bank personal loan philippines

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