Plain Green uses Plain Green, LLC, to fund personal loans. The company offers loans of $500 - $5,000 with APRs of 210% - 428%, depending on an applicant’s creditworthiness, and gives borrowers 10 - 26 months to repay their loans. You can qualify for a personal loan with the Plain Green even if you have bad credit.
Key Things to Know About Plain Green Personal Loans
Loan Amounts: $500 - $5,000
APRs: 210% - 428%
Repayment Periods: 10 - 26 months
Credit Score Requirement: Bad credit
For more information, check out the full Plain Green review on WalletHub.
It takes 1 to 2 business days to get money from a Plain Green personal loan, in most cases. That includes both the time it takes to get approved and the time it takes for the funds to be delivered after approval. Keep in mind that this is a typical applicant’s experience, and in some cases it could take longer.… read full answer
How to Get Money From Plain Green as Fast as Possible
Fill out the application carefully. You should make sure that all information you enter on the application is correct and complete. That will eliminate any potential delays from Plain Green having to request additional information.
Check your credit report for errors. Before you apply, you should verify that everything on your credit report is accurate, as any incorrect negatives on there could impact your chances of approval. If you find any errors, you should dispute them right away to get them removed.
Get an electronic funds transfer. Plain Green offers loan payouts through an electronic funds transfer to your bank account or by paper check. The transfer is the faster option.
Yes, a Plain Green personal loan does affect your credit score, both when you apply and during the entire time that you are paying the loan off. Initially, a Plain Greenpersonal loan will affect your credit score in a negative way, but the long-term impact can be very positive, assuming you repay the loan on schedule.… read full answer
How a Plain Green Personal Loan Affects Your Credit Score
Hard pull: When you apply for a Plain Green personal loan, Plain Green will do a hard inquiry into your credit history, which will temporarily drop your credit score by about 5-10 points in most cases.
Increased debt level: Taking out a Plain Green personal loan will naturally increase the amount of debt that you have. Since your debt level is one of the components of your credit score, you can expect that to have a negative impact initially.
Account diversity: One positive way that getting a Plain Green personal loan can impact your score right away is by adding more diversity to the types of accounts you have open. Your "credit mix" is one of the components of your credit score, and the more types of accounts you have, the better - as long as you handle them responsibly.
Payments: The biggest factor in how a Plain Green personal loan affects your credit score is whether you pay on time. If you make on-time payments, your score should steadily increase as a result. If you pay late or fail to make payments altogether, you can expect your credit score to drop.
The bottom line is that while a Plain Green personal loan does affect your credit score, most of the way that your score changes depends on how responsible you are with the loan. If you'd like to estimate how certain actions might affect your credit score, you can use WalletHub's free credit score simulator.
Plain Green does not offer personal loan pre-approval, which means you cannot see your odds of approval and potential interest rates before applying. Most other personal loan providers do offer pre-approval, which can be very helpful for potential applicants.
Even though Plain Green does not offer personal loan pre-approval, you can try out WalletHub's free … read full answerpre-approval tool, which checks with multiple other personal loan providers at the same time. It may help you find a good offer from a lender you weren't originally considering. This process will have no impact on your credit score.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.