8 of the Most Popular Tribal Lenders (No Credit Check + Guaranteed Approval)
Mobiloans

The Tunica Biloxi Tribe, a federally recognized American Indian tribe in Louisiana, is the owner. The company operates its online operations through an office located within the reservation.

Mobiloans employs the phrase "fast money for people on-the-go" to promote its loans to people who require it. Mobiloans is not governed by laws of the state, and is thus an a tribe-owned lender.

Mobiloans are very similar to similar to cash advances from credit cards. However, they come with higher interest rates and are closely similar to a typical payday loan. Mobiloans charges borrowers an Annual Percentage Rate (APR) that ranges from 206.14% to 442.31%.

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

Bright Lending is also known as Aaniiih Nakada Financier. It's a loan company based in Hays (Mont.). Because it's a tribal lender, the ownership of the company falls under the jurisdiction of an American Indian tribe that's also recognized by the state. That means the Indian tribe here is called the Fort Belknap Indian Community of Montana.

Bright Lending's rate of interest is staggering 725% for customers who are new to the company. So, if you'd like to sign up for automated payments Bright Lending will cut the interest rate down to 700%! This is still 30% higher than a traditional payday loan.

Bright Lending, active for the past five years offers payday loans that are short-term and have high rates of interest. . Their loans are almost twice the amount of your standard payday loan. Additionally, they are nearly double the amount of traditional payday loans. Federal Reserve Bank of St. Louis The typical interest rate of payday loans at 391%.

Read a full analysis of Bright Lending at
Spotloan

Spotloan Online Spotloan, a tribal loan option that is a great alternative to payday loans operates in a similar way to Better Day Loans. Spotloan offers quick-term, high-interest installment loans to those who meet the criteria. Spotloan unlike payday lenders, permits the borrower to make a series of installments to repay their loans over time.

Spotloan has an annual percentage rate of 490 percent. Spotloan lets you get a loan of $600 by making a bi-weekly payment of $775 in financing costs. Then, you'll have to pay $1.375 in total for the $600 loan if your payments are due in time.

Spotloan seeks to market itself as a viable alternative to payday loans. Spotloan has the same rates as payday loans, despite the fact that it's easier to pay back the loan in installments. It's hard to distinguish them from the lending industry.

Check out the full review of Spotloan here
Plain Green Loans

The company is currently only online and offers small personal loans that need to be paid back over time. Plain Green Loans is similar to a payday loan in that they offer the amount of a loan and a high interest rate .

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

American Web Loans is an online lender that is controlled by the Otoe-Missouria Tribe of Indians. Because it legally identifies as a sovereign American Indian state, it's not restricted by state laws.

The Indian tribe in question has been a part of the Missouri River Valley from the 1600s up to the present. The business, however, has been operating since the last 10 years.

American Web Loans advertises an APR that ranges from 400-600 percent. You can take out $800 at a rate of 400% and then pay it back in 28 equal payments of $126.42 that will add up to $3,539.

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

Big Picture Loans offers payday loans to tribal borrowers. The company has been fully functioning for eight years.

Big Picture Loans advertises on their website that they accept nearly 94% of loan applications from outside and will begin the process of disbursement for all loans that are approved as within the next business day.

The Lake Superior Chippewa Indians Tribe owns Big Picture Loans. The company is usually located outside of Watersmeet, Michigan, which is actually the tribe's reservation.

Big Picture Loans offers loans of $200 to $3500, and an APR of between 350% and 699%, and terms between 4-18 months. You'll pay more than $5,000 if borrow $900 with an APR 389 percent for 18 months.

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

Better Day Loans touts itself as an alternative to payday loans. Better Day Loans' personal loans have an APR that is twice as high than conventional payday loans. A typical $500 loan at 780% APR with 24 installments of $162 each month, will cost you $3900.

Find a complete review about Better Day Loans.
Majestic Lake Financial

Majestic Lake Financial is a tribe-based lending institution that provides loans through its website. If you look at the company's section "Who We Are" You will find that they provide loans to people with bad credit who are desperate to have a flexible program. Majestic Lake Financial doesn’t provide any information about the exact date they were established. According to the Better Business Bureau the company was established in 2013.

Majestic Lake says on its website that they are no longer offering new loans. The company appears to have changed its name and are now operating under the brand names Ascend and Uprova. BBB also offers additional information on their review page. Majestic Lake Financial boasts strong business relations with Silver Cloud Financial, Mountain Summit Financial and Mountain Summit Financial as well as Golden Valley Lending. Do your research to find out if lenders operate under different names or are partnered by other lenders when you're contemplating borrowing.

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

Review in detail of Majestic Lake Financial.
Do You Need to Take Out A Tribal loan?

Avoid taking out any payday loan as much as you can. Be sure to carefully study the loan's terms and know your rights if you can't avoid taking out payday loans.

Traditional payday loans may be a better option than tribal payday loans if don't have any other options. Borrowers have a limited amount of security options from tribal lenders.

Make the smallest payday loan that you could and plan your payments.
Are Tribal Loan Illegal?

Tribal loans are legal ambiguous. Some states have tightened payday lending laws. Payday lenders are prohibited in some states. According to the National Conference of State Legislatures, 37 states have recently passed payday lending laws .

However, some tribal lenders claim that since they're controlled and owned by a tribal nation, they have sovereign immunity and that state laws aren't applicable to the lenders. It is best to inquire with your state to see if they have guidelines on tribal borrowing.
FAQ
Can Tribal Lenders Garnish Wages?

If you fail to repay your loan, the credit collector or the payday lender may be able to sue you in court and demand that you pay. If the judgement is in your favor or if you don't contest their lawsuit or claim or claim, the judge will issue a verdict or order against. The lender or collector will then have the power to take your wages. This is also referred to as wage garnishment. This happens when your credit union receives a garnishment or request.
Each state has its own unique methods for bank garnishment, as well as wage garnishment. In certain instances the benefits or payments may be exempted by federal law.
Certain tribal loan lenders may threaten to garnishee borrowers in order to force them to make payments, despite not having legal authority. Take a look at your legal options when faced with such a scenario. Lenders must adhere to the Federal Trade Commission and Consumer Finance Protection Bureau regulations.
Is it possible for a Tribal Payday Loan Company Sue me?

The answer is simple: Yes. The payday loan firm may take you to court when you fail to make your debt repayments. They'll only sue you if you are late in paying your debt or have violated your original loan agreement.
Payday lenders are not allowed to take you before the criminal courts. Only civil courts can. The defaulters of payday loans cannot be sent to jail.
The lending industry is more open to personal negotiations than to settling the matter in court.
Are Tribal Loans Guaranteed?

Tribal loans are available with little to no risk, even though they're not guaranteed. These are the basic conditions.
You'll have to show the driver's permit or other government identification, confirm your employment status, and maintain an active bank account. Additionally, present your income for the month.
Are tribal lenders required to submit a credit report?

In general, tribal lenders are not required to report to credit bureaus.
Tribal loans can be utilized to improve credit scores

Most tribal lenders do not check your credit.
How many Tribal loans can you get at the same time?

The theory is that only one tribal loan can be granted at a given period by tribal lenders. The borrower may be able to negotiate to get the loan extended if they're unable to make their payments or have the loan they have already taken on rolled into a new loan. But, you can still find a Tribal Loans Online Direct Lender lender willing to make separate loans. This is not advised.