Ever heard of Great Plains Lending? If you do receive anything from them, throw it in your circular file or use it as a fire starter.
Here is there offer: “First time Great Plains Lending customers typically qualify for an installment loan of $100 to $1,000 with an APR of 349.05% to 448.76% which is less than the average 706.03% APR for a typical payday loan.”
Worst yet, the company is operating within an Indian reservation here in America. As they state, “Great Plains Lending, LLC is a tribal lending entity wholly owned by the Otoe-Missouria Tribe of Indians, a sovereign nation located within the USA, and is operating within the boundaries of the Otoe-Missouria Tribe, not the law of your resident state.”
And then they conclude by warning, “The law of your resident state may have interest rate limits and other consumer protection provisions that are more favorable.”
And provide kind advice, “If you wish to have your resident state law apply, you should consider taking a loan from a lender licensed within your state.”
They position their product as an, “emergency loan fund” at 400% interest!
Watch out for this scheme.