Eight of the most sought-after Tribal Lenders (No Credit Check + Guaranteed Approval).
Mobiloans

The company is controlled by the Tunica-Biloxi tribe of Louisiana, federally recognized as an American Indian tribe back in 1981. The company operates on the internet, with an office located on the reservation of the tribe.

Mobiloans advertises its loan to people with a cash requirement. Mobiloans does not operate under laws of the state, and is thus an a tribe-owned lender.

Mobiloans loans are very like cash advances made with credit cards, despite the fact that they have higher interest rates than conventional payday loans. Mobiloans charges borrowers a range of 206.14 percent to 442.31 percent in annual percentage rates (APR).

A comprehensive review of Mobiloans can be found here.
Bright Lending

Bright Lending, also known by Aaniiih Nakada Financing, is a Hays-based lending company. It is a tribal lender , which means that ownership of the business falls under an American Indian tribe. This tribe is also recognized by the state. Accordingly, in this instance the Indian tribe would be the Fort Belknap Indian Community of Montana.

Bright Lending offers a staggering 725% interest rate for new customers. If you decide to sign up for automated payments the company will reduce the interest rate by 700%! It's however 39% more than the average payday loan.

Bright Lending, active for the past five years offers payday loans that are short-term and have high interest rates . These loans can be double the size of traditional payday loans. Furthermore, loans could be as much as twice as large as traditional payday loans. Federal Reserve Bank of St. Louis Payday loans come with an average interest rate of 391%.

Read a full review of Bright Lending here
Spotloan

Spotloan provides an alternative to payday loans through offering tribal loans online. It works somewhat like Better Day Loans. Spotloan provides short-term, high-interest installment loans to applicants who are eligible. Spotloan lets customers repay their loans over a period of time over time, not payday lenders.

The maximum Spotloan APR (annual percentage rate) is 495. Spotloan will loan $600 to you, and then charge $775 finance charges. That means that you'll need to pay back $1,375 for the loan.

Spotloan strives to position its services as an alternative over payday loans. While it seems easier to repay a loan through installments, Spotloan still charges identical rates as a typical payday loan. That means they cannot be distinct from loans.

Read a full review of Spotloan here
Plain Green Loans

The company is completely online right now and provides customers with smaller personal loans. The loans are then required to be paid back every month. Plain Green Loans' loans are similar to payday loans however, the amount of the loan is greater and the interest rate is higher.

Check out a detailed review of Plain Green Loans.
American Web Loans

American Web Loans, an online lender, is the total control of Otoe-Missouria Tribe of Indians. Because it's recognized legally as sovereign American Indian State, it is not subject to state laws.

The Indian tribe in question has lived in the Missouri River Valley from the 1600s to date. The business, however, has been operating for a period of ten years.

American Web Loans' APR advertises a range between 400-600%. If you want to borrow $800, you could borrow it at a 400% interest rate , and repay it over 28 payments of $126.42. The cost is approximately $3.539.

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

Big Picture Loans (tribal payday loan company) offers installment loans to people who are financially strapped. It has been in operation for eight years.

Big Picture Loans' homepage states that they will accept as much as 94% of all outside applications. They will start distribution of loans approved on the next business day.

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

Big Picture Loans offers loan amounts between $200 and $3,500. APRs range from 350% to 699 percent. The terms of loans can range from 4 to 18 months. Paying more than $5,000 for $900 at a 389% APR over 18 month will result in a loan of $900.

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

Better Day Loans is a payday loan alternative. But the APR for personal loans offered by Better Day Loans can be more than twice what you'd pay for a conventional payday loan. The cost of a 500-dollar loan at 780% interest and 24 monthly installments of $162 would be around $3,900.

Find a complete review on Better Day Loans here
Majestic Lake Financial

Majestic Lake Financial coins itself as a tribal lending group which offers loans to individuals through its online portal. The company offers loans to people with bad credit and who are in dire in need of flexible options. Majestic Lake Financial doesn’t provide any specific information regarding the date they were established. However, Majestic Lake Financial claims that they were incorporated in 2013, as per the Better Business Bureau.

Majestic Lake states on its website that they no more provide new loans. The company is changing their name and operating under the names of Ascend, Ascend and Torova . BBB offers additional details on their review page. They state that Majestic Lake Financial has close relations with Silver Cloud Financial, Mountain Summit Financial as well as Golden Valley Lending. Find out whether lenders operate under different names or have been partnered with other lenders when you're contemplating borrowing.

Majestic Lake offered loans from $300 to $1000. The company won't disclose its APRs.

Read the complete analysis of Majestic Lake Financial here
Should You Get a Tribal Loan?

Don't take any kind of payday loan if you have doubts. Payday loans are not an option. Be sure to read and fully understand the conditions.

Traditional payday loans, when you are forced to pick between traditional payday loans and tribal payday loans, are superior to traditional payday lenders from tribal communities. This is due to the fact that tribal lenders have limited protections for their borrowers.

Aim to take out the smallest payday loan you can and make sure you have a repayment strategy in place.
Are Tribal Loan Illegal?

Legally they aren't. Some states have tightened laws on payday loans. Some states have prohibited payday lenders. According to the National Conference of State Legislatures, 37 states have now passed payday lending laws .

But, tribal lenders claim that tribal lenders are not subject from state law because they are owned and managed entirely by tribal nations. Check with your state's government to determine whether there are rules for tribal lending.
FAQ
Can Tribal Lenders Garnish Wages?

The payday lender or debt collector may be able to make you repay the loan if do not pay back the loan. If the judge's decision is in your favour, or if you do not dispute their claim or lawsuit and the judge declares a verdict or order against. This means that the collector or lender could take your wages. It could also happen if your credit union, bank or another institution receives an order to garnish your wages.
Each state has its own procedures for both wage garnishment and bank garnishment. Federal law allows certain benefits and payments to be exempt from garnishment.
Be aware that some tribal loan lenders will use garnishment threats to force customers into making payments, despite any legal authority from the government to do so. Take a look at your legal options if facing a similar situation. Lenders are required to follow the Federal Trade Commission (FTC) and the Consumer Finance Protection Bureau.
Can a Tribal Payday Loan Company Sue me?

In simple terms, yesA payday loan firm can sue you in court when you are in default on the debt payment. They cannot claim against you for late payments or if you are not on time or if the contract with the lender is breached.
Payday lenders can't take payday loan borrowers to court for criminal charges. Payday loan defaulters can't be taken to prison.
The lenders prefer to speak with you and help you make a payment plan instead of having it resolved in court.
Are Tribal Loans Guaranteed

Although no loan can be guaranteed 100% however, tribal loans are generally accessible. However, there are certain prerequisites.
You'll have to show an official driver's license or identity card, verify your employment status and have an active bank account. Also, provide your monthly income.
Are tribal lenders required to report to credit bureaus?

In general the case, tribal lenders don't have to report to credit bureaus..
Tribal Loans can check credit

Many Tribal Loans Direct Lenders No Credit Check lenders do not examine your credit.
How many tribal loan can you have at one time?

The theory is that only one tribal loan can be granted at a given time by the tribal lenders. Borrowers may be able to extend their loan when they're unable make their payments or are able to roll an existing loan into a loan. There is a tribal lender who will give a totally separate loan. This is not a great idea.