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But based on the 4. 5 to 5. 5 percent cut outlined in the agreement submitted in tribal court, Plain Green takes in about 7 million to 8 million a year. The rest goes to Think Finance and other third parties. That appears to be relatively generous, as far as such arrangements go. Another Native American tribe has a revenue-sharing agreement with a different lending platform that gives the tribe just 1 percent payday loans improve credit score the profits, according to Bloomberg.
Although the Chippewa Cree have made millions of dollars, the arrangement hasn't sparked broader economic development on the reservation. Think Finance has exceeded the commitment it made in its agreement with the tribe to employ at least 10 tribal members: The call center on the reservation employs approximately 15 people.
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1269. 7 APR Representative: Borrow £200 for 30 days you would repay a single payment of £248.