When you look at Native American lenders (or former tribal lenders) trying to determine whether or not you should become a customer of theirs it's not a bad idea to read what other people are saying about that company. When it comes to tribal lenders most of what ex-customers have to say is negative and they land more in the complaint column than the reviewed section.
Four Seasons Cash is not much different than the norm. The lender has a few complaints written about them floating around online but in truth there are not that many, especially when compared to some other tribal lenders like United Cash Loans or even a higher quality lender like Spotloan.
The reality that Four Seasons Cash is not one of the better tribal lenders was made even more clear in 2012 when the state of Washington issued a warning against Four Seasons Cash and four other Native American lenders. Well, at least they are ostensibly Native American lenders. The truth is that Four Seasons Cash is actually owned and operated by a holding company called Green Billow, and in turn Green Billow is one of the many companies owned by Martin Webb.
In case you missed the many complaints and lawsuits back in 2012 and 2013, Martin Webb was the owner of the most famous (and some consumer rights advocates would say the most notorious) Native American lending firm, which was called Western Sky. Most people know (or remember) Western Sky Financial from their many television, radio and newspaper ads that pushed their extremely expensive loans.
After doing a little digging through all the complaints and warnings cited against Four Seasons Cash it was revealed that this company also was owned by Martin Webb. There are a few others that were in that basket of companies, like Lakota Cash, Big Sky Cash and Great Sky Cash. All of these companies were technically owned and operated by different holding companies but the web of ownership all reached back to Martin Webb.
Now, just like Great Sky Cash and Western Sky Financial, we have watched Four Seasons Cash go out of business. I just did a quick check to see what's happening over at the FourSeasonsCash.com website and there is absolutely nothing there. In fact, the site is technically for sale if another online lender wanted to scoop it up they could restart the branded name as a "new" lending operation.
The complaints against Four Seasons Cash were the same as all the rest, there was not enough time to repay the loan as they averaged only 14 days to repay the loan in full or get the infamous loan extension. And just like so many other tribal payday lenders before (and after) them the problem with customers that get caught in the loop of just paying the minimum finance charge is that they eventually go broke.
They might get more loans somewhere else or just get burned out trying to keep up with the high interest rate that is pulling apart their personal finances every two weeks. Either way they wind-up going down in financial flames.
The other big problem that customers had with Four Seasons Cash was the high rates they charges. Most tribal lenders would charge a minimum of 30% interest on every two weeks the loan was outstanding, which creates an astronomical APR, usually it landed between 700% and 800% annual percentage rate.
This terrible rate was (and in many cases still is) the tribal lending norm, so Four Seasons Cash wasn't doing anything too egregious here but they didn't earn themselves many friends by using this high rate. The company tended to wear down their own customer base and that caused so many hundreds of complaints (and in the instance of Western Sky it caused thousands of complaints) that state governments started to push back in a big way. Once that pressure was applied Four Seasons Cash just vanished in a much more quiet way than the big press the closing of Western Sky received.
With Four Seasons Cash gone we as the consuming public have lost nothing. The company provided no loan service or product that was even remotely enticing to any kind of savvy consumer. There are much better options out in the tribal lending industry and there was no reason to ever go to Four Seasons. Now they are permanently out of season.