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

The Tunica-Biloxi Tribe of Louisiana that was recognized as federally recognized in 1981 as an American Indian tribe, owns the company. It operates its business on the internet, with an office located on the tribe's reservation.

Mobiloans' slogan is "fast cash for those who are constantly moving." It offers cash to people in need of emergency cash. If you are a possible borrower, you must be aware that Mobiloans is a tribe-owned lender that doesn't operate under the laws of the state.

Mobiloans loans are similar to cash advances from credit cards, even though they are more expensive in terms of interest than conventional payday loans. Mobiloans charges borrowers an APR that is between 206.14 percent - 442.31 percent.

Find a full review on Mobiloans here
Bright Lending

Bright Lending, otherwise known as Aaniiih Nakada Finance, is a loan company located in Hays. As a tribal lender, the company's ownership is a part of the jurisdiction of an American Indian tribe that's also recognized by the state. Accordingly, in this instance the Indian tribe is that of the Fort Belknap Indian Community of Montana.

Bright Lending's interest rates are shockingly high for first-time customers. Therefore, if you want to join for automatic payments Bright Lending will cut the interest rate to 700%! This is still 39% higher than the typical payday loan.

Bright Lending, a lender of short-term payday loans, has been operating for five consecutive years. It offers high-interest rates and has been in operation since 2005. . They cost twice as much as traditional payday loans. Furthermore, loans could be as much as twice the size of traditional payday loans. Federal Reserve Bank of St. Louis The most common rate of interest for payday loans is 39%

Read the full review on Bright Lending.
Spotloan

Spotloan provides an alternative to payday loans, by providing the tribal loan online. It functions similar to Better Day Loans. Spotloan offers low-interest, short-term installment loans to those who meet the criteria. Spotloan is different from payday lenders, permits borrowers to make a series installments to repay their loans over time.

Spotloan's maximum annual percentage rate (APR) is 490%. In other words, if you get a loan of $600 from Spotloan and you choose to pay bi-weekly, you'll payment of $775 in finance fees which means you'll have to pay back $1,375 total for your 600-dollar loan, assuming you pay all your payments punctually.

Spotloan attempts to promote its services as an alternative to payday loans. Spotloan offers the same rates as payday loans, despite the fact that it's easier to pay back the loan in installments. That means that they're not able to stand out from the rest of the lending market.

Find a full review of Spotloan right here
Plain Green Loans

The company is online only and provides small personal loans that have to be repaid over time. Plain Green Loans is similar to a payday loan in that they offer a loan amount and a high interest rate .

Check out the complete review of Plain Green Loans here
American Web Loans

American Web Loans (or American Web Loans) is an online lender which is owned entirely by the Otoe-Missouria Tribe of Indians. Its legal status as an American Indian sovereign state means that it is not bound 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 operational for a mere 10 years.

American Web Loans' APR advertises an APR range between 400-600%. If you loan $800 at the 400% rate, and pay it back in 28 payments of $126.42 and you'll be paying $3,539.

A full review of American Web Loans is available
Big Picture Loans

Big Picture Loans, a tribal payday loan business, offers installment loans to people in need. The company has been operational for eight years.

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

The Lake Superior Chippewa Indians Tribe owns Big Picture Loans. It is usually located outside Watersmeet Michigan which is also the tribe's reserve.

Big Picture Loans offers loans between $200 and $3,500. They offer APRs of 350% up to 699% and terms that range from 4 to 18 months. If you loan $900 at 389% interest for 18 months, you'll wind up paying more than $5,000.

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

Better Day Loans claims to provide a better alternative to payday loans. The APR for a personal loan from Better Day Loans may be more than double that of a conventional payday loan. You'll pay around $3,900 to get a $500 loan with a 780% APR. It will also include 24 monthly payments of $162 each month.

Review a thorough analysis of Better Day Loans.
Majestic Lake Financial

Majestic Lake Financial coins itself as a tribe-based lending company that provides personal loans via its website. The company's "Who We Are" section will show that they provide flexible loans to customers with low credit scores. Majestic Lake Financial has yet to list the date they opened for business. According to the Better Business Bureau the company was established in the year 2013.

Majestic Lake has stated that it no longer offers loans. It appears that they have changed their branding as they are operating under the Uprova and Ascend names. BBB also includes an "Additional information" section on its review page. The BBB states that Majestic Lake Financial has close business ties with Silver Cloud Financial, Mountain Summit Financial, as well as Golden Valley Lending. It is important to research whether lenders operate under different names or collaborate with other lenders as you are considering borrowing.

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

Read the complete review of Majestic Lake Financial here
Do you require an Indian Tribal Loan?

If in doubt, avoid taking a payday loan of any type in the event that you are able to. Payday loans aren't an alternative. You must know the specifics.

Since traditional payday loans provide less protection than tribal lenders, they are better than traditional tribal payday loans.

Make sure you get the smallest payday loan you can and make an installment plan.
Are Tribal Loan Illegal?

Tribal loans can be legal ambiguous. Many states have taken steps to stop payday loan lenders. They have passed laws that regulate loan amounts and fees and interest. Some states have banned payday lenders. The National Conference of State Legislatures informs us that 37 states currently have laws governing payday loans..

Some tribal lenders argue they are sovereign-independent which means that state laws don't apply since they're wholly operated and controlled by tribal tribes. It is Best Tribale Lenders to inquire with your state if they provide guidelines regarding the borrowing of tribal members.
FAQ
Can Tribal Lenders Garnish Wages?

If you don't pay back your loan, the payday creditor or debt collector may attempt to sue you and make you pay. If the decision is in their favor , or they do not challenge the case, the court can declare a judgment or order against you. Your wages will be garnished by the collector or lender. This also occurs when your bank or credit union receives a garnishment order, commonly referred to as a bank levy.
Every state has their own procedure for wage garnishment as well as bank garnishment. For instance, under federal law, certain payments or benefits can be exempt from garnishment.
Some tribal loan lenders might threaten to garnishee borrowers in order to force them into making payments, despite having no legal authority. If you find yourself in this situation look into your legal alternatives. Lenders must comply with the Federal Trade Commission(FTC) and also the Consumer Finance Protection Bureau.
Can an Tribal Payday Loan Company Sue me?

Simple language will tell you that payday lenders will sue you when you fail to pay your debts. They cannot take action against you if your repayments are in arrears or if your contract with the lender is breached.
Payday lenders cannot be allowed to take you before a criminal court. Only civil courts can. Payday loan defaulters cannot be sent to jail.
Most times, lenders prefer private negotiations and can assist you in establishing the perfect payment plan instead of resolve it in court.
Are Tribal Loans Trustworthy?

Tribal loans are available with little to no risk, although they're not guaranteeable. These are the basic requirements.
You will need to present an official driver's license or identity card, verify your employment status, and maintain an active bank account. Also, you must provide your monthly earnings.
Are Tribal Lenders required by law to be reported to Credit Bureaus?

In general tribes, tribal lenders do not have to report to credit bureaus..
Tribal Loans May Check Credit

The majority of tribal lenders don't look into your credit score.
How Many Tribal Loans Can You Have At Once?

Many tribal lenders' websites declare that you'll only be eligible for one tribal loan. The borrower may be able to negotiate for a loan extension or convert the loan they have already taken into a new loan. You can find the tribal lender that can offer a completely distinct loan. This is not recommended.