8 of the Most Popular Tribal Lenders (No Credit Check + Guaranteed Approval)
Mobiloans

The Tunica Biloxi Tribe, a federally recognized American Indian tribe in Louisiana is the owner. The company operates online , using a branch located on the reservation of the tribe.

Mobiloans uses the slogan "fast cash for those on the go" to advertise its loans to people who require it. If you're a prospective borrower you need to know that Mobiloans is a tribe-owned lender that is not governed by law of the state.

Mobiloans loans are very similar to cash advances from credit cards, despite the fact that they have higher interest rates than typical payday loans. Mobiloans charges borrowers an Annual Percentage Rate (APR) of 206.14 percent and 442.31%.

Check out a full review of Mobiloans here.
Bright Lending

Bright Lending, also known as Aaniiih Finance, is a loan company that is headquartered in Hays, Mont. It is a tribal lender which implies that ownership of the company falls under the jurisdiction of an American Indian tribe. This tribe is acknowledged by the state. So, in this instance the Indian tribe is the Fort Belknap Indian Community of the Reservation of Montana.

Bright Lending's interest rate is 725 percent for all new customers. The interest rate will drop to 700% when you opt for an automatic payment. This is 30% higher than the typical payday loan.

Bright Lending is a company that has been in operation for the past five years. They provide short-term loans that have high interest rates. . They can be double as big as traditional payday loans. They are nearly twice as expensive than traditional payday loans. Federal Reserve Bank of St. Louis The table lists the average rate of interest on payday loans of 391%.

Get a full review on Bright Lending right here
Spotloan

Spotloan, a tribal loan option online to traditional payday loans which works in a similar manner similar to Better Day Loans, is accessible via the internet. Spotloan offers quick-term, high-interest installment loans to qualified applicants. Spotloan is different from other payday lenders. They allow borrowers the flexibility to repay their loans in a sequence of installments.

Spotloan's maximum annual percentage (APR) is 490%. Spotloan's maximum annual percentage rate (APR) is 490 percent. As an example you could take out a loan of $600 and pay $775 per week in finance fees. That means you'll pay $1,375 for the loan of $600. If you make all your loans on time it means that you pay $1,375.

Spotloan makes every effort to provide a better alternative to payday loans. Spotloan has the same rates as payday loans, even though it's easier to pay back the loan over time in installments. This means that they're not able to differentiate themselves from the the loan industry.

Check out the complete review of Spotloan
Plain Green Loans

The company provides personal loans online to customers. The customers must pay back the loan in installments. Plain Green Loans loans are like payday loans in that they come down to the loan amount and very high interest rates.

Find a full overview about Plain Green Loans.
American Web Loans

American Web Loans is an internet lender that is fully controlled by the Otoe-Missouria Tribe of Indians. Because it is legally recognized as a sovereign American Indian State, it is not bound by state laws.

The Indian tribe mentioned has lived in the Missouri River Valley since the 1600s. However, the business has been operational for only 10 years.

American Web Loans' APR advertises an APR range between 400-600% If you borrow $800 at a 400% rate, and pay it off over 28 payments of $126.42 and you'll be paying around $3,539.

Read a thorough review of American Web Loans here
Big Picture Loans

Big Picture Loans offers payday loans to tribal borrowers. The business has been functional for an impressive eight years.

Big Picture Loans claims that they will accept up to 94% external applications and will begin the disbursement process for all approved loans on the next business day.

Big Picture Loans belongs to the Lake Superior Chippewa Indians Tribe. It is located in the city of Watersmeet (Michigan) which happens to be the tribe’s reservation.

Big Picture Loans offers loan amounts of between $200 and $3500. APRs can range from 350% to 699%. The loan terms are flexible from 4-18 Months. Paying more than $5,000 for $900 at a 389% APR over 18 months results in a loan of $900.

Check out a full review of Big Picture Loans.
Better Day Loans

Better Day Loans advertises itself as an alternative to payday loans. Better Day Loans' personal loans can have an APR that is double as high than traditional payday loans. A loan of $500 with a 780% APR with 24 payments of $162 each month, is $3900.

Check out a comprehensive analysis of Better Day Loans HERE
Majestic Lake Financial

Majestic Lake Financial describes itself as a tribal lending company that offers personal loans through an online portal. When you visit the website's "Who We are" section, you'll notice that they cater to consumers who aren't creditworthy and in dire need of a flexible plan. Majestic Lake Financial doesn’t provide any specific information regarding the date that they began their business. The Better Business Bureau (BBB) declares that the business was formed in 2013.

Majestic Lake claims that it is no longer offering loans. It appears that they have changed their branding, now trading under the Uprova and Ascend identities. BBB also includes an "Additional Information" section on their review page. According to the BBB, Majestic Lake Financial is closely associated with Silver Cloud Financial and Mountain Summit Financial. It is essential to determine whether lenders operate under different names or have partnerships with other lenders as you consider borrowing.

Majestic Lake offered loans starting at $300, and up to $1000. The company won't disclose its APRs.

Read the full Majestic Lake Financial review here
Do You Need to Take Out a Tribal loan?

Don't take any type of payday loan in case you are unsure. If you can't avoid taking out a payday loan of any kind, make sure to read the terms thoroughly and be aware of your rights.

Because traditional payday loans offer less protection than tribal lenders, they are superior to tribal payday loans.

Get the smallest payday loan you could and schedule your payments.
Are Tribal Loan Illegal?

Tribal loans have legal ambiguities. Numerous states have passed laws against payday loans. These statutes regulate the amount of the loan, the interest rate as well as fees. Other states have banned payday lenders altogether. The National Conference of State Legislatures states that 37 states currently have laws governing payday loans..

Some tribal lenders argue they are sovereign-independent and state laws do not apply since they are controlled and owned by tribal groups. If you want to know whether your state has guidelines for lending by tribal members, be sure to check it.
FAQ
Can Tribal Lenders Garnish Wages?

If you don't repay the loan, the debt collector or payday lender could be able to sue you in court and demand that you pay. If they win the case in your favor or you do not dispute the suit or claim made against you, the judge could issue a judgment or an order against them. The collection agency or the lender has the right to take your wages. This is also referred to as wage garnishment. This happens when your bank/credit union receives a garnishment or request.
Each state has its own unique procedures for bank garnishment and wage garnishment. Federal law allows certain benefits and payments to be protected form garnishment.
Be aware that tribal loan lenders may threaten to garnishee borrowers to force them to pay in spite of legal authority. Investigate your legal options if this happens to you. Lenders must adhere to the Federal Trade Commission and Consumer Finance Protection Bureau regulations.
Are Tribal Payday Loan Companies able to sue?

Simply simply put, a payday loaner will sue you if your credit is in default. They are only able to sue for late payments or violations of the loan contract.
Payday lenders can't take payday loan borrowers to court on criminal charges. If you don't pay back the loan you received from payday lenders, you cannot be sent to prison.
The majority of lenders prefer negotiations with you personally. They'll work with you to develop an arrangement for payment, and not have to settle the matter in court.
Are Tribal Loans Guaranteed

Tribal loans are usually accessible however, they are not guaranteed. There are however, a few conditions.
You'll need to show an official driver's license or identity card, verify your employment status and possess an active bank account. Also, provide your monthly income.
Are Tribal lenders required to submit a credit report?

In general it is not true that tribal lenders are required to file reports with credit bureaus.
Do Tribal loans check credit?

Tribal lenders are unlikely to verify your credit.
How many tribal loan can be at hand at any one time?

The majority of tribal lenders' websites state that you can only get one tribal loan at one time. Borrowers can sometimes try to negotiate to have the loan extended in case they can't make payments, or have the loan they have already taken on rolled into a new loan. But, you can still find a lender from the tribe willing to make a separate loan. This is not advised.