8 of the Most Trustworthy Tribal Lenders. No credit check + Guaranteed Approval
Mobiloans

The company is owned by the Tunica-Biloxi Tribe of Louisiana that was recognized by the federal government as an American Indian tribe back in 1981. The company operates its online operations through an office located on the reservation.

Mobiloans uses the slogan "fast cash for those on the go" to market its loans to those who need it. Mobiloans is a tribal lender and is not a business that operates within state laws.

Mobiloans loans can be considered as traditional payday loans, but they are much similar to cash advances made by credit cards. Mobiloans offers borrowers between 206.14 percent up to 442.31 percent in annual percentage rates (APR).

Find a full review of Mobiloans here
Bright Lending

Also known as Aaniiih Nakoda Finance, Bright Lending is a loan firm based in Hays, Mont. The tribal lender status means that the ownership of the company falls under the jurisdiction of an American Indian tribe. The Fort Belknap Indian Community of Montana is the Indian tribe in this instance.

Bright Lending's rate of interest is 725 percent for all new customers. For new customers, the Bright Lending interest rate is 725 percent. If you choose to sign up to automatic payments Bright Lending will cut the interest rate to 700 percent. The amount is still 39% higher 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. . The loans could be twice as large as traditional payday loans. Furthermore, loans can be up to twice the size of traditional payday loans. Federal Reserve Bank of St. Louis The average interest rate of payday loans at 391%.

Find a complete overview about Bright Lending right here
Spotloan

Spotloan, a tribal loan option online to payday loans traditional that works in a similar manner as Better Day Loans, is offered via the internet. Spotloan is able to provide short-term high-interest loans for qualified applicants. Spotloan offers a way for borrowers to repay their loans gradually that is a major contrast to payday lenders.

Spotloan offers a maximum annual percentage rate of 490%. Spotloan's maximum annual percentage rate (APR) is 490 percent. For instance you could take out a loan of $600 and pay $775 per week in finance fees. This means that you'll be paying $1,375 to repay your $600 loan. If you pay all of your installments on time it means that you pay $1,375.

Spotloan is trying to make itself a better alternative to payday loans. While it's easy to repay a loan in installments, Spotloan still charges identical rates as the typical payday loan. This means that they are unable to distinguish themselves from the other loan market.

Read a full review of Spotloan HERE
Plain Green Loans

The company provides small personal loans online to customers. They must repay the loan in monthly installments. The loans that are offered through Plain Green Loans are similar to those of a payday loan with regard to the amount of loan and extraordinarily high interest rate.

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

American Web Loans, an online lender, falls under the total control of the Otoe-Missouria Tribe of Indians. It is legally recognized as an American Indian sovereign state and consequently, its rights are not restricted by state laws.

The Indian tribe is believed to have inhabited the Missouri River Valley since at about 1600. The company, however, is only in operation for the past 10 years.

American Web Loans' APR is a range of 400 to 600 percent. If you want to borrow $800, you can take it at a 400% interest rate , and pay it back over 28 installments of $126.42. You'll pay about $3.539.

Check out a comprehensive overview 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 company has been operational for eight years.

Big Picture Loans claims that they will accept up to 94% external applications and will begin the disbursement process for all approved loans within the next business day.

Big Picture Loans is under ownership by the Lake Superior Chippewa Indians Tribe. Its activities are usually located outside of Watersmeet, Michigan which happens to also be one of the reservation of the tribe.

Big Picture Loans offers loans between $200 and $3500, with APRs ranging from 350 percent and 699%, loans with terms ranging from 4-18 months, and terms from 4- 18 months. If you loan $900 at 389% APR over 18 months, you'll end with a balance of more than $5,000.

Check out a complete review of Big Picture Loans HERE
Better Day Loans

Better Day Loans touts itself as an alternative to payday loans. However, the APR on a personal loan from Better Day Loans can be more than twice what you'd pay for a traditional payday loan. A $500 loan at 780% APR with 24 payments of $162 a month would cost you about $3,900.

View a detailed review of Better Day Loans.
Majestic Lake Financial

Majestic Lake Financial is a tribe-based lending institution that provides loans via its Online Payday Loans Tribal portal. When you look through Majestic Lake Financial's "Who We Are" section, you'll see that they cater to consumers who have poor credit and are who are in require of a flexible loan. Majestic Lake Financial didn't give a specific date of their launch. According to the Better Business Bureau the company was established in the year 2013.

Majestic Lake states on its website that they do not offer loans for new customers. The company appears to have changed its name and are now doing business under the brand names Ascend and Uprova. BBB provides additional information in their review pages. Majestic Lake Financial also has strong business relationships with Mountain Summit Financial and Silver Cloud Financial. You should research lenders to determine if they are working under various names, or partnering with other lenders.

Majestic Lake provided loans from $300 to $1000. The APRs of Majestic lake are not revealed by the company.

Check out Majestic Lake Financial's full review here
Do you think it's an ideal idea to take a tribal loan?

Avoid taking out any payday loan as much as you can. If you are unable to stay away from the possibility of taking out any payday loan of any type ensure that you go through the terms in detail and understand your rights.

Traditional payday loans are an alternative to tribal payday loans when you aren't able to find other alternatives. Borrowers have very few security options from tribal lenders.

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

Tribal loans can be legally confusing. A number of states have passed laws banning payday loans. The laws regulate the loan amount, interest as well as charges. Other states have outlawed payday lenders entirely. According to The National Conference of State Legislatures 37 States now have laws governing payday loans..

Tribal lenders argue that because they are owned and operated by an indigenous tribe, they're sovereign and the state isn't obliged to regulate them. Be sure to check with your state to determine whether there are rules for tribal lending.
FAQ
Can Tribal Lenders Garnish Wages?

The payday lender or debt collector may try to force you to repay the loan if fail to pay it back. If the judge's decision is in your favour, or if you don't contest their claim or suit or claim, the judge will issue a verdict or order against. This allows the collector or lender to take your earnings. This is what happens when your bank is hit with a garnishment, or a bank garnishment.
Every state has their own method for garnishing wages and bank garnishment. Federal law allows certain benefits and payments to be exempt from garnishment.
Remember that tribal loan lenders can threaten garnishment to coerce borrowers into paying their loans, despite not having the legal authority. Take a look at your legal options when facing a similar scenario. Lenders are required to follow the Federal Trade Commission (FTC) and the Consumer Finance Protection Bureau.
Can an Tribal Payday Loan Company sue you?

A payday loan firm could sue you if fail to pay your debts. They can only sue you when you're in default on your payments and if you violate the loan contract you signed at the beginning.
Payday lenders are not able to send payday loan borrowers to court on criminal charges. If the payday loan you received is not paid, you will not be able to go to jail.
Most lenders prefer to negotiate with their customers. Instead of settling the matter in court, they'll help you set an arrangement for a payment plan.
Are Tribal Loans Garantied?

Tribal loans are available with little to no risk, but they are not guaranteed. There are some minimal criteria.
You'll require a driver's license or government ID, evidence of employment as well as a bank account as well as your monthly income, for you to submit the required documents.
Are Tribal lenders required to report to credit bureaus?

In general, tribal lenders do not have to report to credit bureaus..
Are Tribal loans able to be used to obtain credit?

Most tribal lenders will not verify your credit.
How many Tribal Loans Can You Get At One Time?

In theory, many sites for tribal lenders say that you are only eligible for one tribal loan at a time. Borrowers sometimes have the opportunity to negotiate an extension of their loan, or transfer an existing loan into the new loan. It's possible to locate another tribal lender who will give loans. This is not something to do.