IPL Today is the new name for the former Integrity Payday Loans. According to their website the name change took place back in July of 2011, but what makes this strange is that the company is just now appearing in the results as a tribal lending company. This begs the question as to whether Integrity Payday Loans was a tribal lender, or did a tribe acquire this company and institute the name change?
Either way as of October 2014 we have IPL Today as the newest Native American lender. Are you searching for IPL Today reviews? Below we have some of those reviews, which include both the Integrity Payday Loans and IPL Today versions.
IPL Today doesn't have any reviews posted yet (at least none that could be found) and that's due to the fact that the company is so new. So that leaves this site (Native Loans) to do a quick evaluation of the firm. Can you guess how that is going to turn out? Correct, it's not going to be very pretty.
It's not that IPL Today is that bad, they are actually very similar to the average Native American lending outfit. The problem with that is the average tribal lender is not providing the public with any good loan options. For consumers who are already in bad financial situations (and nearly all customers of tribal loan companies have low credit scores and generally they have low credit scores) the concept of taking out a loan that requires a 30% interest rate payable every 14 days is just not a recommendation that I can make. It's not logical, it is not pragmatic at all.
IPL Today falls into this standard loan type. When I recommend tribal lenders like Mobiloans, Plain Green Loans and Superior Funding I do that with the realization these firms are not that great. But everything needs to be understood in the context of having a bad credit score, and within that situation we can legitimately say that Mobiloans (a tribal lender that issues a line of credit) and the tribal lenders like Superior Funding and Plain Green Loans that specialize in installment loans are not terrible lenders.
They are a better option for most would-be borrowers when they are faced with the laughable, low quality of the payday loan. And even worse than a typical payday lender (and that includes the storefront payday lenders) is the Native American payday lender.
Unfortunately for IPL Today this is where they land in the big scheme of tribal lenders. Instead of thinking of a new or inventive way to save their customers some money, or matching the improved versions of lending (like installment loans or lines of credit) the firm decided to travel done the same path that so many other tribal lenders have which is the payday loan. This is the boring, and largely useless, payday loan that does not help the vast majority of customers that take out these loans. In reality many customers are hurt by this extreme form of debt which is barely a loan at all with the amazingly fast time frame that the money needs to be returned to the lender.
IPL Today is not a company that I would prefer to utilize for my lending needs. It's not a lender that I would recommend for others to use, even if they are desperate for cash. The reason is that the other tribal lenders I mentioned earlier (which are better in my opinion) are not any harder to qualify for than the loan product offered by IPL Today. That means a consumer of tribal loans can get a better loan with longer loan terms, with a lower cost (with rates as low as 10% on a bi-weekly basis rather than the average 30% bi-weekly rate) and the customer can borrow more money when they use these other firms than the IPL Today product.
I'm interested in saving money and getting the best value when I make the decision to borrow money. Going into debt is no joke and it's even worse if you do not plan on how you will repay the debt. Tribal loans have some of the highest interest rates (often disguised with the term of finance fee or finance charge) so there is no reason not to take out the best loan available. For me, that means steering clear of the loans at IPL Today and looking for the better choices that are readily available.
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