8 Tribal Lenders Most Popular (No credit check, but guarantee of approval)
Mobiloans

The Tunica-Biloxi tribe in Louisiana is officially recognized by the federal government in the year 1981, as an American Indian tribe, owns the company. It operates its business online using an office situated on the tribe's reservation.

Mobiloans advertises its loan to people with a cash need. Mobiloans is a tribal lender and isn't subject to state laws.

Loans by Mobiloans are very similar to credit card cash advances even though they have higher interest rates that closely match the standard payday loan. Mobiloans charge borrowers an annual Percentage Rate (APR) that ranges from 206.14 percent to 442.31%.

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

Otherwise termed as Aaniiih Nakoda Finance, Bright Lending is a loan company based in Hays, Mont. Because it's an atribal lender, the ownership of the company falls under an American Indian tribe that's also recognized by the state. In this case, the Indian tribe would be the Fort Belknap Indian Community of Montana.

Bright Lending has a record 725% interest rate for customers who are new. If you'd like to set up automatic payments Bright Lending will lower the interest rate to 700%. The result is still 309% higher than an average payday loan.

Bright Lending, which has been operating for the past five years, offers short-term payday loan with high-interest rates. . They are more than twice the amount of your standard payday loan. Furthermore, they are almost twice as much as traditional payday loans. Federal Reserve Bank of St. Louis The table lists the average interest rate on payday loans at 391%

Read the full review of Bright Lending here
Spotloan

Spotloan is an alternative online tribal loan in lieu of the standard payday loan. It works somewhat in a similar way as Better Day Loans. Spotloan is known to offer high-interest, short-term installment loans to borrowers who are worthy. Spotloan lets customers pay back their loans in a series over time, not payday lenders.

Spotloan's maximum annual percentage rate (APR) is 490%. As an example, suppose you take out a Loan Companies Clearwater Florida Native Tribal of $600 from Spotloan and you choose to pay bi-weekly, you'll pay $775 in finance costs, meaning you'll pay back $1,375 in total for your 600-dollar loan, assuming you pay all of your payments punctually.

Spotloan strives to present itself as a superior choice as opposed to payday lending. Spotloan charges similar rates to payday loans, despite the fact that it's much easier to pay the loan over time in installments. This is due to the fact that it's very difficult for them not to be among the top in the loan market.

Check out the complete analysis of Spotloan
Plain Green Loans

The company is currently completely online and provides small personal loans to its customers. These have to be paid back in installments. Plain Green Loans loans are like payday loans in that they are compared to amounts of loans and extremely high interest rates.

Check out a full overview of Plain Green Loans here
American Web Loans

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

The Indian tribe is believed to have been residing in the Missouri River Valley since at about 1600. However, the business is only in operation for the past ten years.

American Web Loans advertises a variety of APRs ranging from 400 to 600 percent. If you take out $800 at a rate of 400% and pay 28 installments of $126.42 and you be paying around $3,539.

See a detailed analysis of American Web Loans here
Big Picture Loans

Big Picture Loans offers payday loans to tribal customers. It's been in business for eight years.

Big Picture Loans, on their website, says they will accept up to 94% outside applications and can begin disbursement for all approved loans the following business day.

Big Picture Loans is owned by the Lake Superior Chippewa Indians Tribe. Its operations are generally outside Watersmeet, Michigan which happens to be also one of the reservation of the tribe.

Big Picture Loans offers loans between $200 to $3,500 with APRs from 350% to 699%, and loan terms ranging from 4 to 18 months. If you take out $900 with 389% interest over 18 months, you'll wind having to pay more than $5,000.

Get a full review of Big Picture Loans.
Better Day Loans

Better Day Loans advertises itself as a possible alternative to payday loans. Better Day Loans' personal loans have an APR that is double more as conventional payday loans. A $500 loan at 780% and 24 monthly payments of $162 could cost you $3,900.

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

Majestic Lake Financial describes itself as a tribe-based lending business that provides personal loans via an online portal. If you go to the company's "Who We Are" section, you'll see that they cater to consumers with low credit and that are in desperate need of a flexible program. Majestic Lake Financial has yet to disclose the date they opened for business. According to the Better Business Bureau it was founded in the year 2013.

Majestic Lake states on its website that they no more offer loans for new customers. It appears that they are rebranding and doing business under the Ascend , and Torova . BBB also provides additional details on their review page. The BBB states that Majestic Lake Financial has close relations with Silver Cloud Financial, Mountain Summit Financial, and Golden Valley Lending. You should investigate lenders to determine whether they operate under various names, or working with lenders from other sources.

Majestic Lake offered loans ranging from $300 to $1000. The APRs are held by Majestic Lake.

Check out the full review of Majestic Lake Financial here
Should You Get a Tribal loan?

Do not take a payday loan of any kind if you are you are unsure. If you cannot avoid taking out the payday loan of any kind be sure to be sure to read the entire agreement and be aware of your rights.

If you're forced to, traditional payday loans are superior to taking out a tribal payday loan because the borrowers are not protected from lenders who are tribal.

Take out the tiniest payday loan you can , and schedule your payments.
Are Tribal Loan Illegal?

Legally the tribal loans are not clear. Many states have cracked the payday lending market, either with statutes that regulate the loan amounts along with fees and interest. Some states have banned payday lenders. According to the National Conference of State Legislatures 37 states currently have laws governing payday loans..

But, tribal lenders claim that they are exempt from state laws since they are managed and owned solely by tribal nations. Be sure to check with your state to determine the guidelines it provides for loans to tribal groups.
FAQ
Can Tribal Lenders Garnish Wages?

The payday creditor or debt collector could attempt to force you to pay back the loan if you are unable to repay it. If the ruling falls in their favour, or if you do not dispute the suit or claim and the court decides to issue an order or judgment against you. The lender or collector will then have the power to take your wages. It is also known as wage garnishment. This is also what happens when your bank receives a garnishment, or a bank garnishment.
Each state has its own procedures which apply to both bank garnishment and wage garnishment. Certain types of benefits or payments like these, for instance, may be protected from garnishment under federal law.
Remember that tribal loan lenders could threaten garnishment to force the borrower to pay their loan even though they don't have the authority legally. It is important to research your legal options if you are affected by this. The lending institution must adhere to the Federal Trade Commission(FTC) and also the Consumer Finance Protection Bureau.
Can a Tribal Payday Loan Company sue you?

Simple terms will say that payday loan companies can sue you if you default on debt repayments. They can only sue you if you're late on your payment and if you've violated your initial loan agreement.
Payday loan lenders cannot be taken to the court of criminal jurisdiction. They only allow you to access civil courts. If you don't pay your payday loan on time, you won't be able to be sent to jail.
The lending industry is more open to personal negotiations than to settling an issue in court.
Are Tribal Loans guaranteed?

Tribal loans are available with little to no risk, but they aren't guaranteeable. But there are some requirements that must be met:
You need to provide a driver's license or government identification to verify the status of your job, have an active account with a bank and declare your monthly earnings.
Are Tribal lenders required by law to report to credit bureaus?

In general, tribal lenders don't provide credit bureaus with information.
Do Tribal loans check credit?

The majority of tribal lenders won't check your credit.
What number of Tribal Loans are you permitted to have at the same time?

The websites of many tribal lenders state that you can only be eligible for one tribal loan. Borrowers can request an extension of their loan or to convert an existing loan into an entirely new loan. It is possible to find another tribal lender who will give loans. This is not advised.