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

The Tunica Biloxi Tribe is Louisiana's owner. The tribe was federally acknowledged as an American Indian Tribe in 1981. It runs its business on the internet, with an office located on the tribe's reservation.

Mobiloans employs the phrase "fast money for those who are on the move" to advertise its loans to people who require it. Mobiloans is a tribal lender that isn't subject to state laws.

Mobiloans loans follow a similar structure to payday loans as well as credit card cash advances. Along with finance charges and cash advance charges, Mobiloans charges borrowers an annual percentage rate (APR) which ranges from 206.14 percent and 442.31%.

Check out a full review of Mobiloans here.
Bright Lending

Bright Lending is also known as Aaniiih Nakada Finance. It is a loan firm located in Hays (Mont.). The business is a lender for tribal communities and its ownership falls under the recognized state List of Tribal Payday Loan Companies (http://newsbrus.ru/html/0_1_25.htm) Montana. American Indian tribe of Bright Lending. So, in this instance the Indian tribe is the Fort Belknap Indian Community of the Reservation of Montana.

Bright Lending's rate of interest is an astounding 725% for all new customers. Therefore, if you want to sign up for automatic payments Bright Lending will cut the interest rate to 700 percent! It's however 39% more than the average payday loan.

Bright Lending, active for the past five years, hands out short-term payday loans with high interest rates . These loans can be double as big as traditional payday loans. Furthermore their loans are double the amount of traditional payday loans. Federal Reserve Bank of St. Louis Lists the average interest rate on payday loans at 391%

Read a thorough analysis of Bright Lending here
Spotloan

Spotloan Online Spotloan, a tribal loan option that is a great alternative to payday loans is a bit like Better Day Loans. Spotloan offers short-term, high interest installment loans to eligible applicants. Spotloan provides a means for the borrower to repay their loan in a gradual manner and with a minimal contrast to payday lenders.

Spotloan's maximum annual percent rate (APR), is 490%. Spotloan allows you to take out a loan of $600 using a biweekly installment of $775 for finance costs. You'll then pay $1.375 to complete your $600 loan if your payments are paid in time.

Spotloan strives to provide a better alternative to payday loans. While it's easy to pay back a loan in installments, Spotloan still charges identical rates to the average payday loan. This means that they are unable to differentiate themselves from the the lending business.

Check out a complete review of Spotloan here.
Plain Green Loans

The company provides small personal loans online to customers. They are required to repay the loan in monthly installments. Plain Green Loans offers loans that are similar to payday loans in terms of the amount, as well as the high interest rate.

Read a full review of Plain Green Loans here
American Web Loans

American Web Loans is an online lender owned by Otoe-Missouria Tribe of Indians. It legally identifies itself as sovereign American Indian country, so it's not governed by state laws.

The Indian tribe is believed to have inhabited the Missouri River Valley since at about 1600. The business has been in existence for ten years in the last ten years.

American Web Loans' APR offers a range of 400-600 percent. For $800, you could borrow it at the 400% interest rate and pay it back over 28 installments of $126.42. The cost is approximately $3.539.

Check out a comprehensive review of American Web Loans.
Big Picture Loans

Big Picture Loans (tribal payday loan company) offers installment loans to people who are in financial trouble. The business has been operational for an impressive 8 years.

Big Picture Loans advertises on their website that they accept up 94% of loan applications from outside and will begin the process of disbursement for all loans that are approved as soon the next businessday.

The Lake Superior Chippewa Indians Tribe owns Big Picture Loans. It is primarily based outside of Watersmeet in Michigan, which is also the tribal reservation.

Big Picture Loans offers loans that range from $200 to $3500, with APRs of 350% up to 699% with periods of 4 to 18 months. If you pay more than $5,000, $900 borrowed at a 389% APR over 18 months results in a loan of $900.

Read a full review of Big Picture Loans HERE
Better Day Loans

Better Day Loans promotes itself as a payday loan alternative. Better Day Loans' personal loans have an APR that is double higher as conventional payday loans. A loan of $500 at 780% APR with 24 payments of $162 a month will end up costing you about $3,900.

Check out a full review on Better Day Loans here
Majestic Lake Financial

Majestic Lake Financial is described as a tribal lending institution that offers personal loans online. If you look at the company's section "Who We Are", you will see that they provide loans to people with low credit scores who are desperate for a flexible plan. Majestic Lake Financial does not provide a date when it began operating. However, Majestic Lake Financial says that they formed the company in 2013 according to the Better Business Bureau.

Majestic Lake has stated that it no longer offers loans. The company has apparently changed its name and now operate under the Uprova names. BBB also offers additional information on their review page. Majestic Lake Financial boasts strong business relationships with Silver Cloud Financial, Mountain Summit Financial, and Golden Valley Lending. It is important to research if lenders operate under multiple names or collaborate with other lenders before you are considering borrowing.

Majestic Lake offered loans between $300 and $1000. The company doesn't disclose its APRs.

See a complete analysis of Majestic Lake Financial here
What loans from tribes should you Consider?

Do not apply for payday loans of any kind in doubt. It's possible to avoid taking out a payday advance, but it is important to be aware of the conditions.

Traditional payday loans, if you are forced to pick between tribal payday loans and traditional payday loans, are far superior to tribal payday lenders. This is due to the fact that the tribal lenders are not protected for borrowers.

Try to get the smallest payday loan you can and create a repayment program.
Are Tribal Loan Illegal?

Tribal loans can be legally unclear. Numerous states have passed laws banning payday loans. These statutes regulate the amount of loans, interest and charges. Some states have banned payday lenders. The National Conference of State Legislatures reports that 37 states currently have payday lending laws.

However, tribal lenders assert that tribal lenders are immune from state laws since they are controlled and owned exclusively by tribal governments. Check with your state for guidance on tribal lending.
FAQ
Can Tribal Lenders Garnish Wages?

The payday or debt collector lender could try to take the case to court in order to oblige you to pay the loan. If the decision is in their favor or they don't contest the case then the court could issue a judgment or an order against you. Your earnings will be garnished by the collector or lender. It could also happen if your bank, credit union or any other institution is served with notice of garnishment.
Every state has their own procedures which apply to both bank garnishment and wage garnishment. In federal law, some benefits and payments are not subject to garnishment.
Be aware that lenders of tribal loans might threaten to garnish borrowers to force them to pay the loan, regardless of legal authority. If you find yourself in this situation, research your legal options. The lenders must follow the Federal Trade Commission and Consumer Finance Protection Bureau regulations.
Does an Tribal Payday Loan Company Sue You?

A payday loan company may sue you in the event that you default on your debt repayments. They are only able to sue you for late payment and if you've violated your initial loan agreement.
Payday lenders aren't permitted to bring you before a criminal court. Only civil courts are able to. The defaulters of payday loans cannot be sent to jail.
Most lenders prefer personal negotiations. Instead of settling it in court, they'll assist you in setting the payment schedule.
Are Tribal Loans guaranteed?

Although no loan is guarantee 100% however, tribal loans are generally easy to obtain. However, there are a few conditions to be fulfilled:
You need to show a driver's licence or government ID.
Are Tribal Lenders required by law to be reported to Credit Bureaus?

In general tribes, tribal lenders do not report to credit bureaus;.
Do Tribal loans check credit?

A lot of tribal lenders won't even look over your credit.
How many Tribal Loans are you allowed to hold at the same time?

According to a number of websites of tribal lenders, you can only get one tribal loan at a time. Some borrowers have the option to negotiate to extend their loan or transfer an existing loan into an entirely new loan. However, it's possible to find a different tribal lender who will offer an entirely different loan. This is not recommended.