Blue Frog Cash might be one of the more obscure (and most oddly named) Native American lenders around but that doesn't mean they aren't receiving complaints from their small client base. A quick glance around the usual internet sites reveals that this tribal does not always get along with all of their customers.
That's par for the course because all tribal lenders will create an atmosphere that leads to complaining, not too many consumers like paying 30% on their debt every 14 days, it gets to be a little on the burdensome side. However, when we look to see if Blue Frog Cash has any complaints that stand above the usual din of displeasure concerning the high interest rates customers of tribal loan companies will face, it turns out there are zero complaints at all.
This is a testament to the fact that Blue Frog Cash is a new company, and not an indication of how well they treat their customers. At least that's my opinion, but who knows maybe this lender is more lenient when it comes to their late payment policy and their collections activities, because that's where the normal stream of complaints comes from.
I'm just not interested in borrowing money from yet another Native American lender that's not trying to be innovative at all, and instead has silly paintings of blue frogs bouncing around while the company plans on charging me the standard (and exorbitant) 30% interest rate on a rolling 14 day basis. That's just nothing I want to partake in and I would suggest to you that it's nothing that will help you either.
The definition of a loan is to lend money from one organization or individual to another person or organization for a duration of time, usually having the cost of the loan composed from a certain interest rate that is attached to the base amount of the loan amount. The problem with this definition (in the world of Blue Frog Cash and other extremely short-term lenders) is that the term 'duration of time' is not being well addressed.
I don't consider 14 days (or slightly more, or slightly less) to be a satisfactory amount of time to even consider this to be a true loan. It's more like the very short-term usage of funds, and not a loan that will be repaid in the future.
Even though we can't locate any complaints against Blue Frog Cash doesn't mean this is any kind of a recommendation to borrow from the company because it is not. I'm going to stick with my normal selection of tribal installment lenders (those companies you probably recognize by now are Mobiloans, Great Plains Lending, Spotloan and RadiantCash, among a few others) rather than give business to this company with their friendly blue frogs welcoming me to their website. They can keep the fancy art decoration at their site and I will keep my savings in my bank by using better Native American lending organizations.
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