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

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

Mobiloans uses the tagline "fast cash for those on the go." The company markets its loans to those who require cash in an emergency. As a potential borrower, it is important to be aware that Mobiloans is a tribal lender that is not governed by state laws.

Mobiloans loans are very similar to cash advances obtained from credit cards, even though they charge higher interest rates than conventional payday loans. Mobiloans charge borrowers an annual Percentage Rate (APR) of 206.14% to 442.31 percent.

Get a complete review of Mobiloans here
Bright Lending

Bright Lending, otherwise known as Aaniiih Nakada Financ, is a loan company located in Hays. It is a tribal lender , which implies that ownership of the company is part of an American Indian tribe. This tribe is also recognized by the state. Therefore, in this instance, the Indian tribe is the Fort Belknap Indian Community of the Reservation of Montana.

Bright Lending's interest rate is a whopping 725% for all new customers. If you're seeking automatic payments, Bright lending will lower your interest rates to 700 percent. The result is 309% more than your standard payday loan.

Bright Lending, active for the past five years, offers payday loans that are short-term and have high interest rates. . The loans are more than twice the amount of traditional payday loans. In addition, they can be up to twice as large as traditional payday loans. Federal Reserve Bank of St. Louis The typical interest rate for payday loans is 391%.

Read a complete review on Bright Lending right here
Spotloan

Spotloan is an online-based tribal loan alternative to the typical payday loan, which operates slightly similarly to Better Day Loans. Spotloan can offer short-term, high-interest loans for qualified applicants. Contrary to other payday lenders Spotloan allows their borrowers to pay back their loans through the form of a series of installments in time, to make sense of this.

Spotloan's maximum annual percentage rate (APRs) are 490 percent. Spotloan allows you to get a loan of $600 by making a bi-weekly payment of $775 in cost of financing. Then, you'll be required to pay $1.375 to complete your $600 loan if all your payments are made on time.

Spotloan attempts to promote itself as a viable alternative to payday loans. While it's easy to pay back a loan in installments, Spotloan still charges identical rates as the typical payday loan. This is because it's hard for them not to be the Best Bad Credit Directr Tribal Lenders in the loan market.

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

The company is currently online only and provides small personal loans that need to be paid back in a set time. Plain Green Loans offers loans that are similar to payday loans, in terms of the amount as well as the high interest rate.

Find a thorough review of Plain Green Loans.
American Web Loans

American Web Loans (or American Web Loans) is an online lender that is owned entirely by the Otoe-Missouria Tribe of Indians. Since it is legally recognized as an sovereign American Indian state, it's not limited by state laws.

The Indian tribe is believed to have been residing in the Missouri River Valley since at least 1600. This business, however has only been in operation for ten years.

American Web Loans' APR offers a range of 400-600 percent. If you want to borrow $800, you can take it at the 400% interest rate and repay it over 28 payments of $126.42. You'll pay around $3.539.

Check out a full review of American Web Loans here
Big Picture Loans

Big Picture Loans is an installment loan company that caters to tribal payday loan borrowers. The business has been operating for an impressive 8 years.

Big Picture Loans advertises on their website that they accept nearly 94% of external loans applications and begin the process of disbursement for all approved loans as shortly as the next business day.

Big Picture Loans are owned by the Lake Superior Chippewa Indians Tribe. The company usually operates outside of Watersmeet Michigan, which is also the tribe’s reserve.

Big Picture Loans offers loans that range from $200 to $3500, with APRs of 350% up to 699%, with durations of 4-18 months. At 389%, a loan of $900 over 18 months can net more than $5,000.

Find a complete review of Big Picture Loans.
Better Day Loans

Better Day Loans claims to offer a viable alternative to payday loans. The APR for personal loans offered by Better Day Loans may be more than double that of a conventional payday loan. A $500 loan at 780% with 24 monthly payments of $162 would cost around $3,900.

Check out the complete review of Better Day Loans here
Majestic Lake Financial

Majestic Lake Financial coins itself as a tribal lending group that provides personal loans via its website. You'll see that the company offers loans to people with bad credit and who are in desperate in need of flexible options. Majestic Lake Financial didn't give the exact date of the company's launch. However, according to the Better Business Bureau (BBB), the company was incorporated in 2013.

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 trading under the brand names Ascend and Uprova. The BBB also places an "Additional Information" section on their review page. According to the BBB, Majestic Lake Financial is closely associated with Silver Cloud Financial and Mountain Summit Financial. If you're thinking about borrowing, be sure to investigate to determine whether lenders operate under multiple names or are partnered with lenders from other sources.

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

Find Majestic Lake Financial's full review here.
Would it be a good idea to get an Indian loan?

When in doubt, avoid taking a payday loan of any type if you can. It's possible to avoid taking out a payday advance however, it's essential to know the conditions.

Because traditional payday loans offer fewer protections than traditional tribal lenders, they are better than traditional tribal payday loans.

Take out the smallest payday loan that you can and plan your payments.
Are Tribal Loan Illegal?

Tribal loans are legal ambiguous. A number of states have taken measures to stop payday loan lenders. They've passed laws that regulate the amount of loans and interest as well as fees. Some states have banned payday lenders altogether. According to The National Conference of State Legislatures 37 States now have laws governing payday loans..

Tribal lenders claim that since they are owned and operated by the tribe, they're sovereign, and the state isn't required to regulate them. Check with your state to determine if it offers guidance on the lending of tribal funds.
FAQ
Can Tribal Lenders Garnish Wages?

The payday creditor or debt collector could attempt to force you to repay the loan if fail to pay it back. If they win, or you do not contest the suit or claim and the court issues a judgment against you. The collector or lender has the right to garnish your wages. This is also referred to as wage garnishment. This is what happens when your bank receives the garnishment or bank garnishment.
Every state has its own procedure for the garnishment of wages or bank accounts. For instance under federal law certain types of benefits or payments may be protected from garnishment.
Be aware that tribal loan lenders might threaten to garnish the borrowers in order to force them to pay the loan, regardless of legal authority. If this happens to you, research your legal alternatives. Lenders must follow the Federal Trade Commission (FTC), and Consumer Finance Protection Bureau.
Can a Tribal Payday Loan Company Sue you?

Simply put, a payday lender will sue you if you debt defaults. They will only be able to sue you for non-payments and breaches of the loan contract.
Be aware that payday lenders aren't able to be taken to a criminal court -they only have civil courts. The defaulters of payday loans cannot be sent to jail.
The lenders prefer to speak with you to help you create a payments rather than have it settled in the court.
Are Tribal Loans guaranteed?

Tribal loans are available with little to no risk, although they are not guaranteed. However, there are certain minimum requirements to meet:
You will need a driver license, government ID and proof of employment, 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?

Tribal lenders typically don't report to credit bureaus.
Do Tribal Loans Check Credit?

Most tribal lenders do not check your credit.
How Many Tribal Loans Can You Get At One Time?

The websites of many tribal lenders say that you're only able to be qualified for one loan from a tribal lender. The borrower has the option to apply for an extension of their loan or to make an existing loan convert into an entirely new loan. However, it is possible to find a tribal lender that will issue an entirely different loan. This isn't something you should do.