With all the marketing efforts that take place surrounding Native American lenders it would seem to make sense that these companies would be big users of promo codes. But the odd thing is they are not.
That's why it was so interesting to see the field (on the application) for Great Plains Lending, and specifically where there is an opening to put information into the application that said Great Plains Lending Promo Code. Next to the promo code language it says that the choice to use it is optional and of course that's the case. There are plenty of consumers who are in such a mad dash to get the money.
Except it appears we may have a problem. When you search around the net you will quickly find all sorts of sites that offer Great Plains Lending promo codes and on the surface everything looks good. However, a little digging and we find that the promo codes are not very interesting.
First off, there is no instance (that we could find) where these sites, such as DealsCove, DealsPlus, WebbyPlanet and others actually provide a Great Plains Lending promo code to enter at the Great Plains Lending website. Instead, they all make a pitch or offer that implies that you are going to get a promotion.
But here's the key, that "promo code" doesn't appear to really be discounting the cost of the loan by any amount at all, or potentially a very small amount. So small that we can call it insignificant when compared to the rates a new customer would be paying without the supposed promo code.
The way these coupon codes are structured, where they never actually provide the (potential) new customer with a promo code and instead want them to visit the Great Plains Lending webpage via their site (like DealsCove for example) makes it look more like they are tracking the customer rather than actually providing a reduced price. And getting a reduced price (aka promotion, aka promo code) is the whole purpose of looking for the discount code in the first place.
The question is who (which company or companies) are actually being provided the traditional promo codes, where a customer can enter the code themselves when they are applying (and submitting) the information themselves at the Great Plains Lending website? There must be some out there because I don't believe that the managers at Great Plains Lending would create a field on the application page just to entice their customer base. Most likely the true coupon codes are very limited and only provided to a select batch of companies that have some business relationship or affinity to Great Plains.
That's too bad because we are left with what appears to be a great selection of sites that offer a Great Plains Lending promo code and in reality we are faced with the situation that we have access to zero true codes.
For instance let's look at a supposed "promo code" that can be found at several of these coupon sites. It reads as offering "Loan $2,000 & Bi-Weekly Payment for $198.74" and there are quite a few more like this just with slight variation on the verbiage. So the first problem is that this is not much of a deal. Yes, the interest rate is pretty good when compared to other tribal lenders like United Cash Loans for instance, where they are going to get a 30% bi-weekly rate and this 'promo code' for Great Plains Lending has the same duration (the two week rate) for just under 10% interest.
Now that is a great relative deal but the question is what kind of interest rate would a customer be looking at if they bypassed this Great Plains Lending promo code and instead just went to the website of the company (using no promo code) and applied for the exact same loan you get very similar (if not the same) terms.
In the end we just have to be happy we have a tribal lender like Great Plains Lending to provide loans in the $1,500 to $3,000 range. Otherwise we would be stuck relying on lower quality tribal lenders that are obsessed with their small dollar payday loans. But if you were hoping for an even better deal (a lower interest rate, thus lower costs) through a Great Plains Lending promo code we unfortunately have to report that this does not appear to exist, or at least it's so rare that we will never have access to getting that discount.
I tried to find a Great Plains Lending promo code that worked and let me tell you there is nothing out there. I mean I tried for over an hour probably closer to two hours. Hundreds of sites and nothing that worked. If there are actually promo codes out there they are very tightly held but I personally believe there are none and this box just exists to give people hope.
Posted by: Ander Jensen | 08/02/2015 at 06:38 AM