8 Most Popular Tribal Lenders (No credit check and 100% guaranteed approval)
Mobiloans

The Tunica Biloxi Tribe of Louisiana is the sole owner of the company. It was officially recognized as an American Indian Tribe back in 1981. It runs its business online from an office that is located on the reservation of the tribe.

Mobiloans employs the phrase "fast money for people on-the-go" to market its loans to those who need it. It is important to know that Mobiloans isn't controlled by the state and can borrow from tribal lenders.

Mobiloans loans are often compared to conventional payday loans but they're the same as credit card cash advances. Along with finance charges and cash advance charges, Mobiloans charges the borrower an annual percentage rate (APR) which ranges from 206.14 percent to 442.31%.

Check out the full review of Mobiloans here.
Bright Lending

Bright Lending, otherwise known as Aaniiih Nakada Finance, is a loan company situated in Hays. The company is a lender for tribal communities and its ownership falls under the state-recognized American Indian tribe of Bright Lending. This means that the Indian tribe in question is called the Fort Belknap Indian Community of Montana.

Bright Lending's interest is at an astounding 725% for new customers. If you're interested in automated payments, Bright lending will cut your interest rates to 700 percent. This is 30% higher than the standard payday loan.

Bright Lending, a lender of payday loans with a short term, has been in operation for five consecutive years. It has high-interest rates and is active since 2005. . They are twice as expensive as traditional payday loans. Furthermore, the Federal Reserve Bank of St. Louis The typical interest rate for payday loans is 39%.

Read a thorough analysis of Bright Lending here
Spotloan

Spotloan offers an alternative to payday loans, by providing tribal loans online. It works somewhat similar to Better Day Loans. Spotloan provides quick-term, high-interest installment loans to those who meet the criteria. Spotloan lets customers pay back their loans in a series over time, rather than payday lenders.

Spotloan's maximum annual percentage rate (APR), is 490%. Spotloan can lend $600 to you, and then charge $775 finance charges. This means you'll need to pay back $1,375 for the loan.

Spotloan is determined to position itself as a better option than payday lending. Spotloan has the same fees as payday loans however it might seem easier to repay a loan in monthly installments. It's difficult to distinguish them from loan companies.

Review a thorough review of Spotloan HERE
Plain Green Loans

The company is completely online right now and gives customers smaller personal loans. The loans are then required to be paid every month. Plain Green Loans is similar to a payday loan in that they provide the amount of a loan and a high interest rate .

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

American Web Loans is an internet lender that is fully owned by the Otoe-Missouria Tribe of Indians. Since it is legally recognized as a sovereign American Indian state, it's not governed by the laws of any state.

Since the 1600s in the 1600s, the Missouri River Valley has been home to the Indian tribe. The business has been in existence only for ten of the past ten.

American Web Loans advertises a range of APRs between 400-600%. If you borrow $800 at a rate of 400% and pay 28 installments of $126.42 You will end up paying approximately $3,539.

View a complete overview of American Web Loans.
Big Picture Loans

Big Picture Loans is an installment loan provider for tribal payday borrowers. It has been operational for a staggering eight years.

Big Picture Loans claims that they will consider up to 94% of all external applications and start the process of disbursing approved loans within the next business day.

Big Picture Loans are owned by the Lake Superior Chippewa Indians Tribe. The majority of its operations are located outside of Watersmeet, Michigan which happens to be also one of the reservation of the tribe.

Big Picture Loans offers loans between $200 and $3500, with APRs ranging from 350% and 699%, loan terms from 4-18months and terms ranging from 4- 18 months. At a rate of 389%, $900 borrowed over 18 months will earn you over $5,000.

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

Better Day Loans claims to be an alternative to payday loans. The APR for a personal loan from Better Day Loans may be more than double that of a traditional payday loan. The cost of a $500 loan at 780% interest and 24 monthly payments totaling $162 will cost you around $3,900.

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

Majestic Lake Financial is described as a tribal lending institution that provides personal loans online. If you visit the company's page "Who We Are", you will see that they offer loans to consumers with poor credit who are in dire need to have a flexible program. Majestic Lake Financial has yet to announce the date on which it was officially opened to business. The Better Business Bureau (BBB) declares that the company was founded in 2013.

Majestic Lake states on its website that they do not provide new loans. The company appears to have changed its name and are currently trading under the Uprova and Ascend identity. BBB also offers additional information on their review page. According to BBB, Majestic Lake Financial is having close business relations with Silver Cloud Financial and Mountain Summit Financial. If you're thinking of borrowing, conduct your own research to find out if lenders are operating under multiple identities or have a partnership.

Majestic Lake offered loans between $300 to $1000. The company isn't revealing its APRs.

Find the complete Majestic Lake Financial review here
Do You Need to Take Out a Tribal Owned Payday Lenders loan?

If you're unsure, don't take out the payday loan . If it's impossible to stay away from taking out payday loans, be sure to read the terms of the loan carefully and know the protections.

Traditional payday loans can be an alternative to tribal payday loans if aren't able to find other alternatives. The borrower has very little security options from tribal lenders.

Make sure you take out the smallest possible payday loan and have a repayment strategy that is in place.
Are Tribal Loan Illegal?

Tribal loans are subject to legal ambiguities. Many states have enacted laws banning payday loans. These statutes regulate the loan amount, interest as well as fees. Some have banned payday lenders completely. According to the National Conference of State Legislatures 37 states currently have legislation on payday lending.

But some tribal lenders argue that since they're controlled and owned by a tribe They have sovereign immunity and the state laws don't apply to the lenders. Be sure to check with your state to see if it offers guidance for loans to tribal groups.
FAQ
Can Tribal Lenders Garnish Wages?

The payday lender or debt collector might try to force you to pay back the loan if you fail to pay it back. If they prevail and you don't contest the claim or lawsuit that the court has made, they will issue a judgment against you. This will allow the collector or lender to take your wages. It could also happen if your credit union, bank or any other institution is served with notice of garnishment.
Every state has their own processes that apply to both bank garnishment and wage garnishment. For instance, under federal law, certain payments or benefits can be immune to garnishment.
Some tribal loan providers may be threatening to garnish customers to force them to make payments, despite having no legal authority. Take a look at your legal options if confronted with this situation. The lender must be in compliance with the Federal Trade Commission(FTC) and the Consumer Finance Protection Bureau.
Does an Tribal Payday Loan Company Sue You?

Simple terms will say that payday loan companies can sue you if you are in default on repayments for debt. They will only be able to sue you in the event of a delay on your payments or if they find an infraction to your loan agreement.
Payday lenders cannot be permitted to bring you before an indictment. Only civil courts can. Payday loan defaulters cannot be sent to jail.
The lenders prefer to speak with you to help you create a a payment plan, rather than having it be settled through court.
Are Tribal Loans guaranteed?

Tribal loans are typically easy to get, even though no loan is guaranteed. These are the minimum requirements.
You must show a valid driver's license or government ID.
Do Tribal Lenders Issue reports from credit bureaus?

In general Tribal lenders aren't required to need to be reported to credit agencies.
Are Tribal loans able to be used to obtain credit?

Many tribal lenders don't check your credit.
How many Tribal Loans can you obtain at one time?

According to many websites of tribal lenders, you can only get one loan from a tribal lender at any one moment. Borrowers may be able to request a loan extension in the event that they are unable to make their payments on time or have an existing loan rolled into an existing loan. However, it's possible to locate a tribal lender that will offer an entirely distinct loan. This is not recommended.