8 of The Most Popular Tribal Loans (No Credit Check and 100% approval guarantee)
Mobiloans

The Tunica Biloxi Tribe is Louisiana's owner. This tribe was recognized by the federal government as an American Indian Tribe in 1981. It operates its business online from an office located on the reservation of the tribe.

Mobiloans is famous for its catchy slogan "fast cash to those who are on the move." They offer loans to people who require instant cash. It is important to know that Mobiloans' operations are not regulated by the state and can take loans from tribal lenders.

Mobiloans loans are very like cash advances made with credit cards, despite the fact that they are more expensive in terms of interest than traditional payday loans. Mobiloans charge borrowers an annual Percentage Rate (APR) of between 206.14 percent and 442.31%.

Find a full review of Mobiloans right here
Bright Lending

Otherwise termed as Aaniiih Nakoda Finance Bright Lending is a loan company located in Hays, Mont. The tribal lender status implies that ownership falls within the authority of an American Indian tribe. In this instance, the Indian tribe is Fort Belknap Indian Community of Montana.

Bright Lending's rate of interest is 725 percent for all new customers. If you'd like to pay your loan automatically, Bright Lending will lower your interest rate to 700%. It's still 30% higher than a typical payday loan.

Bright Lending, active for the past five years, hands out short-term payday loans with high rates of interest. . The loans could be double the size of traditional payday loans. The loans are almost twice as costly as traditional payday loans. Federal Reserve Bank of St. Louis The most common payday loan's interest rate is 39%

Read the full review on Bright Lending.
Spotloan

Spotloan offers an alternative to payday loans, by providing tribal loans online. It works somewhat in the same way as Better Day Loans. Spotloan is a well-known name for offering high-interest short-term installment loans to those who qualify. Spotloan lets borrowers pay back their loans in a sequence over time, not payday lenders.

Spotloan offers an annual percentage rate of 490 percent. Spotloan's maximum annual percentage rate (APR) is 490%. For instance you could borrow $600 and pay $775 per week in finance costs. That means you'll pay $1,375 for your $600 loan. If you pay all of your installments on time, this would mean you will pay $1,375.

Spotloan is determined to be a better alternative to payday loans. Spotloan has the same fees that a traditional payday loan although it might appear easier to pay back the loan by monthly installments. This means they are unable to differentiate themselves from the the loan industry.

Get a complete review of Spotloan here.
Plain Green Loans

Currently, the company operates entirely online and offers personal loans to its customers. These are repaid in installments. The loans that are offered by Plain Green Loans are similar to a payday loan with regard to the loan amount as well as an the extremely high rate of interest.

Read a complete review on Plain Green Loans here
American Web Loans

American Web Loans (or American Web Loans) is an online lender that is 100% owned by the Otoe-Missouria Tribe of Indians. It is legally recognized as an sovereign American Indian country, so it's not governed by state laws.

Since the 1600s, the Indian tribe has been a part of the Missouri River Valley. The company, however, has been operating since the last ten years.

American Web Loans offers an APR range of 400-600%. This is a means that if you take out $800 and pay more than 28 of $126.42, it will cost you $3,539.

Get a full review of American Web Loans.
Big Picture Loans

Big Picture Loans is an installment loan provider for Tribal Payday Loan Scams payday borrowers. The business has been operating for eight years.

Big Picture Loans' homepage states that they will accept up to 94% of all outside applications. They will start disbursement of loans that have been approved the following day.

The Lake Superior Chippewa Indians Tribe owns Big Picture Loans. It operates mostly outside of Watersmeet in Michigan, which is also the reservation of the tribe.

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

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

Better Day Loans touts itself as an alternative to payday loans. The APR for personal loans from Better Day Loans may be more than double that of a traditional payday loan. The price of a loan of $500 with interest of 780% and 24 monthly installments of $162 would be around $3,900.

See a complete review of Better Day Loans HERE
Majestic Lake Financial

Majestic Lake Financial bills itself as a tribal lender group that offers personal loans via its online portal. If you look at the section of the company titled "Who We Are" You will find that they provide loans to people with bad credit that are in desperate need to have a flexible program. Majestic Lake Financial has yet to announce the date on which it was officially opened to business. However, Majestic lake Financial claims that they were founded in 2013, according to the Better Business Bureau.

Majestic Lake says on its website that it will no longer providing new loans. It appears that they have changed their branding and are now operating under the brand names Ascend and Uprova. BBB also offers an "Additional Information" section of the review page. Majestic Lake Financial maintains close relations with Silver Cloud Financial (Mountain Summit Financial) and Golden Valley Lending. If you're thinking about borrowing, be sure to conduct some research to find out whether lenders operate under various names or partnered with other lenders.

Majestic Lake offered loans ranging between $300 and $1000. The APRs for Majestic Lake are not disclosed by the company.

Find Majestic Lake Financial's full review here.
What Tribal Loans Should You Consider?

If you are unsure, avoid taking a payday loan of any kind if you can. If you can't avoid the needing to take out payday loans, be sure to read the fine print carefully and be aware of the protections.

If you are forced to choose traditional payday loans are superior to taking out an unsecured tribal payday loan due to the fact that they have no protection against lenders who are tribal.

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

Tribal loans are legally ambiguous. A number of states have taken measures to stop payday loans. They've passed statutes that regulate the amount of loans and interest as well as fees. Certain states have outright stopped payday lenders. The National Conference of State Legislatures has reported that 37 states currently have payday lending laws.

Tribal lenders claim that since they're owned and run by the tribe, they're sovereign and the state isn't obliged to consider them as a lending institution. Make sure you check with your state to determine the guidelines applicable to the lending of tribal funds.
FAQ
Can Tribal Lenders Garnish Wages?

If you don’t pay the loan in time the debt collector or payday lender could try to take you to court in order to forcibly pay. If the judge rules in their favor or they don't contest the claim then the court could issue a judgment or order against you. The collector or lender has the right to garnish your wages. It is also known as wage garnishment. This is what happens when your bank receives a garnishment, or a bank garnishment.
Each state has its own specific processes for bank garnishment as well as wage garnishment. For example under federal law certain types of benefits or payments may be exempt from garnishment.
Keep in mind that some tribal loan providers will threaten garnishment to coerce customers into making payments, despite any official legal authority to do so. Think about your legal options when confronted with this situation. The Federal Trade Commission (FTC) and Consumer Finance Protection Bureau have regulations that lenders have to follow.
Is it possible for a Tribal Payday Loan Company Sue me?

Simply simply put, a payday loaner can sue you in the event of defaults on your loan. They'll only take action if you are late in paying your debt or have violated your original loan agreement.
Be aware that payday lenders can't take you to a criminal court -they only have civil courts. Payday loan defaulters can't be taken to prison.
Most lenders prefer personal negotiations. Instead of settling the matter through a court case, they'll assist you in setting up a payment plan.
Are Tribal Loans Guaranteed

Tribal loans are typically simple to obtain although there is no guarantee for the loan. There are however, some conditions.
You must show a valid driver's licence or government ID.
Do Tribal Lenders Report to Credit Bureaus?

In general the case, tribal lenders do not need to be reported to credit agencies.
Can Tribal loan be used as credit?

Tribal lenders aren't likely to examine your credit.
How many Tribal Loans Can be a person at the same time?

Most tribal lenders' websites state that you can only get one tribal loan at a time. Some borrowers have the option to negotiate an extension to their loan, or get an existing loan converted into a new loan. It is possible to find another tribal lender willing to give loans. This isn't something you should do.