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

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

Mobiloans utilizes the tagline "fast money for those who are on the move" to promote its loans to people who require it. As a potential borrower, you need to know that Mobiloans operates as a tribal lender that isn't governed by law of the state.

Mobiloans loans appear like cash advances made by credit cards. However, they come with higher interest rates and are closely identical to a conventional payday loan. Mobiloans charges borrowers an Annual Percentage Rate (APR) of 206.14 percent to 442.31 percent.

Read the complete review of Mobiloans right here
Bright Lending

Bright Lending, also known by the name Aaniiih Nakada Financing is a Hays-based lending company. Since the company is a tribal lender its ownership is considered to be belonging to an American Indian tribe. In this case, the Indian tribe would be that of the Fort Belknap Indian Community of Montana.

Bright Lending's interest rate is a whopping 725% for all new customers. If you wish to set up automatic payments Bright Lending will lower your interest rate to 700%. But the amount you get is still 309% more than the average payday loan.

Bright Lending, which has been around for five year provides a payday loan for short-term needs with high interest rates. . They can be double as big as traditional payday loans. In addition, they cost nearly twice as expensive as traditional payday loans. Federal Reserve Bank of St. Louis The most common payday loan's interest rate is 39%

Check out a comprehensive analysis of Bright Lending at
Spotloan

Spotloan is an online tribal loan alternative that is a great alternative to payday loans is a bit like Better Day Loans. Spotloan can offer short-term, high-interest loans for qualified applicants. Spotloan is different from other payday lenders. They give customers the option of repaying their loans over a series of installments.

The maximum rate for Spotloan's annual percentage (APR) is 490%. Spotloan lets you take out a loan of $600 using a biweekly installment of $775 for financing costs. Then you'll have to have to pay $1.375 in total for the $600 loan if your payments are made punctually.

Spotloan will try to present itself as a better option as opposed to payday lending. Spotloan offers the same interest rates for payday loans as it does for loans. While it may seem easier to pay back a loan over time, Spotloan still charges the same interest rates. It's hard to differentiate them from the loan industry.

See a complete analysis of Spotloan
Plain Green Loans

Presently, the business operates entirely online and offers personal loans to customers that must be repaid in installments. Plain Green Loans is similar to a payday loan in that they offer the amount of a loan and a high interest rate .

Read a full review on Plain Green Loans.
American Web Loans

American Web Loans, an online lender, is under the full ownership of the Otoe-Missouria Tribe of Indians. Because it is legally recognized as a sovereign American Indian State, it is not bound by state laws.

Since the 1600s, this Indian tribe has been a part of since the 1600s in Missouri River Valley. This business, however has only been in operation for 10 years.

American Web Loans advertises an APR range from 400 to 600 percent. You can take out $800 at a rate of 400% and then repay it in 28 equal installments of $126.42 that will add up to $3,539.

Read the full review on American Web Loans.
Big Picture Loans

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

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

Big Picture Loans is owned by the Lake Superior Chippewa Indians Tribe. It is primarily based out of Watersmeet, Michigan, which is the tribe's reservation.

Big Picture Loans offers loans of $200-$3,500 with APRs between 350 percent and 699%, loans with terms ranging from 4-18 months and terms that range between 4 and 18 months. You'll pay more than $5,000 if take out $900 and pay an interest rate of 389% for 18 months.

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

Better Day Loans advertises itself as a viable alternative to payday loans. Better Day Loans' personal loans have an APR which is two times as high than conventional payday loans. A $500 loan at 780% APR, with 24 installments of $162 per month will cost approximately $3,900.

Read the full review of Better Day Loans here
Majestic Lake Financial

Majestic Lake Financial coins itself as a tribal lending group that offers personal loans through its website. Check out the "Who We are" section of Majestic lake Financial to find out how they assist consumers with low credit or in need of flexible loan plans. Majestic Lake Financial doesn’t provide any details regarding the exact date of their establishment. However, according to the Better Business Bureau (BBB) the company was founded in 2013.

Majestic Lake has stated that it no longer offers loans. It appears that they have changed their branding and are now operating under the names Ascend and Uprova. BBB also includes an "Additional Information" section on the review page. Majestic Lake Financial also has strong business relationships with Mountain Summit Financial and Silver Cloud Financial. It is important to research lenders to find out if they are working under various names, or working with lenders from other sources.

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

View a detailed review of Majestic Lake Financial.
What loans from tribes should you Take into consideration?

Do not take any kind of payday loan If you're unsure. If it's impossible to stay away from the needing to take out a payday loan, make sure you read the terms carefully and understand the protections.

If you're forced to conventional payday loans are better than taking out a tribal payday loan because borrowers have so few protections from Tribal Lending Bank Washington State And (nsvisual.com) lenders.

Try to get the smallest payday loan you can and make sure you have a repayment strategy that is in place.
Are Tribal Loan Illegal?

Tribal loans are subject to legal unclear legal. Payday loans have been prohibited in a number of states. There are even statutes which regulate the amount of the loan in addition to interest and fees. Some states have banned payday lenders altogether. According to the National Conference of State Legislatures 37 states now have laws on payday loans.

But some tribal lenders argue that since they're controlled and owned by a tribal group, they have sovereign immunity and state laws don't apply to them. To find out if your state offers guidelines for tribal lending, be sure to check it.
FAQ
Can Tribal Lenders Garnish Wages?

If you don't repay your loan, the debt collector or the payday lender could be able to sue you in the court to force you to pay. If they win or you fail to contest the suit or claim that the court has made, they will issue judgment against you. This means that the lender or collector can garnish your wages. It also happens when your bank or credit union receives an order to garnish your wages, also called a bank garnishment.
Each state has its specific processes for bank garnishment as well as wage garnishment. Federal law permits certain payments and benefits to be exempt form garnishment.
Be aware that lenders of tribal loans might threaten to garnish borrowers to force them to pay, regardless of any legal authority. Consider your legal options should this happen to you. The Federal Trade Commission (FTC) as well as the Consumer Finance Protection Bureau have rules that lenders have to follow.
Does a Tribal Payday Loan Company Sue You?

A payday loan firm can sue you if you are in default on repayments. They'll only take action if you are late with your payments or violate your original loan agreement.
Payday lenders won't be able to take you to court for criminal charges. Instead, they'll only bring you to civil court. If the payday loan you received is not repaid, you will not be able to go to jail.
The majority of lenders will prefer private negotiations and can help you create an arrangement for your payment rather than resolve it in court.
Are Tribal Loans guaranteed?

While no loan can be 100 percent assured, tribal loans are usually simple to obtain. These are the basic conditions.
You'll need an official driver's license or government ID.
Are Tribal Lenders required by law to be reported to Credit Bureaus?

In general the case, tribal lenders do not report to credit agencies;
Tribal loans can be used to improve credit scores

Many tribal lenders don't examine your credit.
How many tribal loan can you get at a time?

A lot of tribal lenders' websites declare that you'll only be allowed to take out one tribal loan. The borrower may be able to try to negotiate to have the loan extended if they can't make payments, or have the loan they have already taken on rolled into a new loan. However, you may be able to find a tribal lender willing to provide an additional loan. It is not recommended.