8 of the most popular Tribal Lenders (No Credit Check and Guaranteed Approval)
Mobiloans

The Tunica-Biloxi tribe in Louisiana is federally recognized in 1981 as an American Indian tribe, owns the business. It conducts its business online through an office that is located on the tribe’s reservation.

Mobiloans' slogan is "fast cash for people who are on the move." They offer cash to people who require cash in an emergency. Mobiloans is a tribal lender and is not a business that operates within state laws.

Mobiloans loans appear similar to cash advances from credit cards. However, they come with higher interest rates and are closely identical to a conventional payday loan. Mobiloans offers borrowers an amount ranging from 206.14% up to 442.31% in annual percentage rates (APR).

Check out the full review of Mobiloans here
Bright Lending

Otherwise termed as Aaniiih Nakoda Finance, Bright Lending is a loan company located in Hays, Mont. It is a tribal lender which implies that ownership of the business falls under an American Indian tribe. This tribe is also recognized by the state. This means that the Indian tribe in question is known as the Fort Belknap Indian Community of Montana.

Bright Lending's interest rate is staggering 725% for all new customers. New customers will pay Bright Lending's interest rate is 725%. If you choose to sign up for automatic payments, the company will reduce the interest rate to 700 percent. The resulting amount is still 30% higher than the average payday loan.

Bright Lending is a company that has been in operation for 5 years. They provide short-term loans with high interest rates. . They are more than double the amount of an standard payday loan. Additionally, their loans are almost twice the amount of traditional payday loans. Federal Reserve Bank of St. Louis The typical interest rate for payday loans is 391 percent.

Read a complete review on Bright Lending right here
Spotloan

Spotloan is an online tribal loan option to traditional payday loans, operates in a similar way to Better Day Loans. Spotloan is able to provide short-term high-interest loans for qualified applicants. Spotloan provides a means for customers to pay back their loans slowly, which is a big contrast to payday lenders.

Spotloan’s maximum annual percentage rates (APRs) are 490%. In other words, if you borrow $600 from Spotloan and you choose to pay bi-weekly, you'll payment of $775 in finance fees that means you'll be able to repay $1,375 for the $600 loan -- if you make all of your payments in time.

Spotloan seeks to market itself as a viable alternative to payday lending. Spotloan has the same fees as a typical payday loan although it might appear easier to pay back a loan by monthly installments. This means that they are unable to distinguish themselves from the rest of the loans business.

Get a complete review of Spotloan here.
Plain Green Loans

The company operates on the internet and offers personal loans to customers. The loans are repaid in monthly installments. Plain Green Loans' loans are similar to payday loans however, the amount of the loan is greater and the rate of interest is much higher.

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

American Web Loans (or American Web Loans) is an online lender which is completely owned by the Otoe-Missouria Tribe of Indians. It is recognized legally as an American Indian sovereign state and consequently its rights aren't affected by the laws of the state.

The Indian tribe is believed to have existed in the Missouri River Valley since at least 1600. However, the business has been operating for the last 10 years.

American Web Loans advertises an APR range from 400-600%. You can take out $800 at a rate of 400% and then pay it back in 28 equal installments of $126.42 totalling to $3,539.

Review a full overview of American Web Loans.
Big Picture Loans

Big Picture Loans is a payday loan business that is tribal and provides installment loans to desperate borrowers. It has been operating for eight years.

Big Picture Loans claims that they will take up to 94% external applications and will begin the disbursement process for all loan approvals within the next business day.

Big Picture Loans are owned by the Lake Superior Chippewa Indians Tribe. It operates mainly out of Watersmeet in Michigan which is the reservation of the tribe.

Big Picture Loans offers loans of $200 to $3500, with an APR of between 350% and 699%, and times ranging from 4 to 18 months. At 389%, a loan of $900 over 18 months can net you over $5,000.

Read the full review of Big Picture Loans.
Better Day Loans

Better Day Loans claims to offer a viable alternative to payday loans. The APR for a personal loan from Better Day Loans may be more than the conventional payday loan. A loan of $500 at 780% APR and 24 payments of $162 a month will end up costing around $3,900.

Find a complete review of Better Day Loans.
Majestic Lake Financial

Majestic Lake Financial bills itself as a lender group for tribal communities that offers personal loans via its online portal. Visit the "Who We Are" section of Majestic Lake Financial to learn how they assist those with bad credit or looking for an affordable loan plan. Majestic Lake Financial doesn’t provide any specific information regarding the date they were established. The Better Business Bureau (BBB) states that the company was established in the year 2013.

Majestic Lake states on its website that they no more offer new loans. The company has apparently changed its name and are now operating under the Uprova names. BBB provides additional details on their review pages. Majestic Lake Financial maintains close business relations with Silver Cloud Financial (Mountain Summit Financial) and Golden Valley Lending. 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 between $300 to $1000. The APRs are capped by Majestic lake.

Get a complete review of Majestic Lake Financial here
Are you eligible to get the tribal loan?

Do not take payday loans of of any kind if you are you are unsure. If you are unable to avoid getting a payday loan of any kind be sure to go through the terms in detail and understand your rights.

Since traditional payday loans provide fewer protections than tribal lenders, they are superior to tribal payday loans.

Find the tiniest payday loan you can and make a repayment program.
Are Tribal Loan Illegal?

Legally they aren't. Some states have tightened payday lending laws. Some states have banned payday lenders. According to The National Conference of State Legislatures 37 states currently have laws governing payday loans..

Some lenders from tribal communities claim that their tribal ownership and operation grants them sovereign immunity, and thus state laws do not apply to their lending practices. Make sure you check with your state the guidelines it provides regarding loans to tribal groups.
FAQ
Can Tribal Lenders Garnish Wages?

The payday lender or debt collector may try to force you to repay the loan if fail to pay it back. If the decision is in their favour, or you do not dispute the lawsuit or claim then the court will issue an order or judgment against you. Your wages will be seized by the lender or collector. It could also happen if your bank, credit union or other institution receives a garnishment notice.
Each state has its own process for garnishment of wages and bank garnishment. Under federal law, certain payment and benefits are not subject to garnishment.
Be aware that some Tribal Installment Loan Companies (w-203.ru) loan lenders can threaten to garnish borrowers in order to force them to make payments. This is despite the fact that they do not have any official legal authority. Consider your legal options in the event this happens. The lending institutions must abide by the Federal Trade Commission and Consumer Finance Protection Bureau rules.
Does a Tribal Payday Loan Company Sue you?

In simple terms, yesthe payday loan company will sue you in court when you are in default on the debt payment. They can only sue your if they are late on your payments or if they find a violation of your loan agreement.
Payday lenders are not going to take you to criminal court. Instead, they'll only go to civil courts. You cannot go to jail if you do not pay back the loan.
Lenders prefer to talk with you and help you make payments, rather than having the matter be settled in the court.
Are Tribal Loans Guaranteed

Although no loan is guarantee 100% However, tribal loans are usually accessible. There are however some minimum requirements:
You'll have to show the driver's permit or other government identification, confirm your employment status, and maintain an active bank account. Also, you must provide your income for the month.
Are tribal lenders required to report to credit bureaus?

In general, tribal lenders don't need to be reported to credit agencies.
Tribal Loans and Credit Check?

The majority of tribal lenders don't check your credit.
How Many Tribal Loans Could be a person at the same time?

In principle, most tribal lenders' websites say that you can only qualify for one tribal loan at a time. Borrowers may be able for a loan extension, or roll the loan they have already taken into a new loan. There is the tribal lender that will give a totally distinct loan. This is not recommended.