8 of the Most Reliable Tribal Lenders. There is no credit check and Guaranteed Approval
Mobiloans

The company is controlled by the Tunica-Biloxi tribe of Louisiana which was federally recognized as an American Credit Line Tribal Lender Indian tribe back in 1981. It operates its business online using an office situated on the reservation of the tribe.

Mobiloans' slogan is "fast cash for people who are constantly moving." It offers the opportunity to those who require cash in an emergency. Mobiloans is a tribal lender and operates outside of state laws.

Mobiloans loans have a very similar structure as payday loans and credit card cash advances. In addition to finance charges and cash advance fees, Mobiloans charges the borrower an annual percentage rate (APR) which ranges from 206.14 percent and 442.31 percent.

Find a full review of Mobiloans here
Bright Lending

Also known as Aaniiih Nakoda Finance Bright Lending is a loan firm based in Hays, Mont. It is a tribal lender , which implies that ownership of the business falls under an American Indian tribe. This tribe is acknowledged by the state. The Fort Belknap Indian Community of Montana is the Indian tribe in this instance.

Bright Lending has a record 725% interest rate for customers who are new. If you wish to pay your loan automatically Bright Lending will reduce the interest rate to 700 percent. This is 309% higher than your average payday loan.

Bright Lending, a lender of payday loans with a short term, has been in operation for five years in a row. It offers high-interest rates and is active since. . The loans are nearly twice the amount of traditional payday loans. Additionally their loans are twice as large as traditional payday loans. Federal Reserve Bank of St. Louis The average interest rate for payday loans is 391 percent.

Check out a comprehensive review of Bright Lending at
Spotloan

Spotloan is a tribal-based loan alternative online to traditional payday loans which works in a similar manner to Better Day Loans, is available on the internet. Spotloan offers quick-term, high-interest installment loans to applicants who are qualified. Spotloan provides a means for the borrower to repay their loan gradually, which is a big distinction from payday lenders.

Spotloan's maximum APR (annual percentage rate) is 495. Spotloan allows you to get a loan of $600 by making a bi-weekly payment of $775 in financing costs. You'll then be required to pay $1.375 in total for the $600 loan if your payments are paid on time.

Spotloan attempts to promote its services as an alternative to payday loans. Spotloan has the same rates as payday loans, but it's easier to pay back the loan in installments. This means that it's tough for them to distinguish themselves from the loan market.

Check out the full review of Spotloan here.
Plain Green Loans

Presently, the business operates completely online and provides small personal loans to its customers. These are repaid in installments. Plain Green Loans loans are like payday loans in that they are compared to amounts of loans and the extremely high rates of interest.

Get a complete review on Plain Green Loans.
American Web Loans

American Web Loans, an online lender, is under the full ownership of Otoe-Missouria Tribe of Indians. Because it legally identifies as an sovereign American Indian state, it's not limited by state laws.

The Indian tribe is believed to have been residing in the Missouri River Valley since at least 1600. The business, however, has been operating since the last ten years.

American Web Loans' APR is advertised as ranging from 400-600% If you borrow $800 at a 400% rate and repay it over 28 installments totaling $126.42 You'll end up paying about $3,539.

View a complete overview of American Web Loans.
Big Picture Loans

Big Picture Loans is a tribal payday loan company that offers installment loans to customers. It has been operating for an impressive eight year.

On their website, Big Picture Loans states that they willingly take as much as 94% of outside applications and begin the distribution procedure for all loan approvals within the next business day.

The Lake Superior Chippewa Indians Tribe owns Big Picture Loans. The majority of its operations are located outside of Watersmeet, Michigan which happens to be also one of the reservation of the tribe.

Big Picture Loans offers loan amounts ranging from $200 to $3,500. APRs can range from 350% to 699 percent. The terms of loans can range from 4-18 Months. If you borrow $900 at 389% APR for 18 months, you'll wind up paying more than $5,000.

Read a full review of Big Picture Loans here.
Better Day Loans

Better Day Loans is a payday loan alternative. But the APR for a personal loan from Better Day Loans can be greater than double what you'd pay on a traditional payday loan. The cost of a 500-dollar loan with interest of 780% and 24 monthly installments of $162 would be around $3,900.

Read a full analysis of Better Day Loans HERE
Majestic Lake Financial

Majestic Lake Financial bills itself as a tribal lender group that provides personal loans through its website. It is evident that the business caters to those with poor credit and who are in desperate need of flexible solutions. Majestic Lake Financial doesn’t provide any details regarding the exact date they were established. However, according to the Better Business Bureau (BBB), the company was formed in the year 2013.

Majestic Lake says on its website that they are not offering loans for new customers. It appears that they have changed their branding and are now doing business under the brand names Ascend and Uprova. BBB also includes an "Additional Information" section on their review page. They say that Majestic Lake Financial has close relations with Silver Cloud Financial, Mountain Summit Financial, and Golden Valley Lending. You should research lenders to find out whether they operate under multiple names, or are partnering with other lenders.

Majestic Lake offered loans starting at $300, and up to $1000. The APRs are held by Majestic lake.

Read a full review of Majestic Lake Financial here
Do You Really Need an Indian Tribal Loan?

If you are unsure you aren't sure, don't get the payday loan . Payday loans are not an alternative. Be sure to read and fully understand the specifics.

Traditional payday loans, when you are forced to pick between traditional payday loans and tribal payday loans, are better than tribal payday lenders. This is because tribal lenders offer only a limited amount of protection for borrowers.

Try to get the smallest possible payday advance and you should establish an arrangement for the repayment.
Are Tribal Loan Illegal?

Tribal loans can be governed by legal inconsistencies. Payday loans are prohibited in a number of states. Many have laws which regulate the amount of loan as well as interest and fees. Payday lenders are prohibited in some states. The National Conference of State Legislatures states that 37 states currently have laws on payday loans..

Tribal lenders claim that since they're run and owned by the tribe, they're sovereign and the state isn't required to consider them as a lending institution. To determine if your state offers guidelines for lending by tribal members, be sure to check it.
FAQ
Can Tribal Lenders Garnish Wages?

The debt collector or payday lender may try to bring your case to court in order to get you to pay for the loan. If they win and you don't dispute the lawsuit or claim, the court will issue a judgment against you. Your earnings will be garnished by the collector or lender. It could also happen if your bank or credit union receives a garnishment request (also called the bank garnishment).
Every state has its own procedure that governs the garnishment of wages or bank accounts. Federal law permits certain payments and benefits to be exempted form garnishment.
Be aware that certain tribal loan lenders will threaten to garnish borrowers in order to force them to pay. This is despite the fact they do not have any official legal authority. You should investigate your legal options in the event that this occurs to you. Lenders are required to follow the Federal Trade Commission (FTC) as well as the Consumer Finance Protection Bureau.
Can an Tribal Payday Loan Company Sue You?

A payday loan company may sue you in the event that you are in default on repayments. They will only sue in the event that you're not on time in your repayments or if you violate the original loan agreement.
Payday lenders can't take you to the court of criminal jurisdiction. They can only allow you to access civil courts. If you don't pay your payday loan on time, you won't be able to be sent to jail.
Lenders will often prefer negotiations with you personally. They will collaborate together to come up with an arrangement for payment, and do not require court settlement.
Are Tribal Loans guaranteed?

Tribal loans are usually easy to get although no loan is guaranteed. There are however some minimum requirements:
You must show a valid driver's license or government ID.
Do Tribal Lenders have to report to Credit Bureaus?

In general, tribal lenders do not have to report to credit bureaus..
Tribal loans can be utilized to boost credit scores.

Most tribal lenders don't check your credit.
How many Tribal Loans can you get at once?

The majority of websites for tribal lenders state that you can only be eligible for one tribal loan at the same time. Some borrowers can try to negotiate to have the loan extended if they are unable to pay, or have an existing loan converted into the new loan. However, it is possible to locate a tribal lender that will offer an entirely separate loan. This is not recommended.