8 of the most popular Tribal Lenders (No Credit Check + Guaranteed Approval)
Mobiloans

The Tunica-Biloxi tribe in Louisiana that was federally recognized in the year 1981, as an American Indian tribe, owns the business. It runs its online business through an office located within the reservation.

Mobiloans is known for its slogan "fast cash to people on the go." They provide cash to those who need urgent cash. Be aware that Mobiloans isn't restricted by the government and can take loans from tribal lenders.

Mobiloans loans have a very similar structure to payday loans and cash advances made by credit cards. Mobiloans charges borrowers an APR that ranges from 206.14 percent and 442.31%.

Review in detail of Mobiloans at
Bright Lending

Bright Lending is also known as Aaniiih Nakada Financier. It is a loan company based in Hays (Mont.). The business is a tribal lender and its ownership falls under the state-recognized American Indian tribe of Bright Lending. The Fort Belknap Indian Community of Montana is the Indian tribe in this instance.

Bright Lending offers a staggering 725% interest rate to new customers. So, if you'd like to sign up for automated payments the company will reduce the interest rate down to 700%! This is 30% more than a typical payday loan.

Bright Lending has been active for five years and offers short-term payday loans with very high rates of interest. . The loans are almost twice as much as traditional payday loans. In addition, they can be twice the size of traditional payday loans. Federal Reserve Bank of St. Louis The average interest rate for payday loans is 39%

Read the full review of Bright Lending.
Spotloan

Spotloan is an alternative online-based tribal loan to the typical payday loan. It functions somewhat similar to Better Day Loans. Spotloan offers low-interest, short-term installment loans to those who meet the criteria. Spotloan gives the borrower to repay their loan gradually that is a major difference from payday lenders.

Spotloan offers an annual percentage rate of 490%. Spotloan will loan $600 to you, and then charge you $775 in finance charges. In other words, you'll be required to pay $1,375 of the $600 loan.

Spotloan makes every effort to provide a better alternative to payday loans. Spotloan's loan repayments are easier than traditional payday loans. This means that it's difficult for them to differentiate themselves from the loan industry.

Get a complete overview of Spotloan right here
Plain Green Loans

Presently, the business operates entirely online and offers personal loans to customers that must be repaid in installments. Plain Green Loans' loans are similar to payday loans, however, the amount of the loan is greater and the interest rate is significantly higher.

View a complete review of Plain Green Loans.
American Web Loans

American Web Loans is an Internet-based lender owned by Otoe-Missouria Tribe of Indians. It is legally recognized as an American Indian sovereign state and consequently its rights aren't affected by the laws of the state.

Since the 1600s since the 1600s, the Missouri River Valley has been home to the Indian tribe. However, the business has only been in operation since the last 10 years.

American Web Loans advertises an APR of 400-600 percent. You can borrow $800 at a rate of 400% and then pay it back by making 28 equal payments of $126.42 totalling to $3,539.

Review a full overview of American Web Loans.
Big Picture Loans

Big Picture Loans offers payday loans to tribal borrowers. The business has been operational for more than 8 years.

Big Picture Loans, on their website, says they accept up to 94% of outside applications and can begin disbursement on all loans that are approved on the next business day.

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

Big Picture Loans offers loan amounts ranging from $200 to $3,500. APRs vary from 350% to 699 percent. The loan terms are flexible from 4-18 Months. It will cost more than $5,000 if take out $900 and pay an interest rate of 389 percent for 18 months.

Read a full analysis of Big Picture Loans here
Better Day Loans

Better Day Loans is a payday loan alternative. However they do not offer payday loans. The APR of a personal loan from Better Day Loans is often higher than the amount you would pay for a traditional payday loan. A loan of $500 at 780% APR, with 24 monthly payments of $162 each month, will cost you $3900.

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

Majestic Lake Financial is a tribal lending company that provides loans through its website. The website's "Who We Are" section will highlight that they provide flexible loans to customers with low credit scores. Majestic Lake Financial has yet to disclose the date it was officially opened to business. However, Majestic lake Financial says that they were founded in 2013, according to the Better Business Bureau.

Majestic Lake states on its website that they no longer offer new loans. The company is rebranding and doing business under the Ascend and Torova . BBB offers additional information on their review page. Majestic Lake Financial also has close business relations with Mountain Summit Financial and Silver Cloud Financial. It is important to research lenders to determine whether they operate under different names or working with lenders from other sources.

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

Read the full Majestic Lake Financial review here
What loans from tribes should you Consider?

Avoid taking out any payday loan as much as you can. If it's impossible to keep from taking out payday loans, be sure to read the fine print carefully and be aware of your protections.

Because traditional payday loans have less protection than tribal lenders, they're superior to tribal payday loans.

You should aim to obtain the smallest possible payday advance and you should establish a strategy for repaying.
Are Tribal Loan Illegal?

Tribal loans can be legally unclear. A number of states have clamped the payday lending market by enacting statutes to restrict the amount of loans, plus interest and fees. Payday lenders are prohibited in some states. The National Conference of State Legislatures reports 37 states currently have payday lending laws.

Some tribal lenders argue that they are sovereign immune which means that state laws don't apply since they're wholly controlled and owned by tribal tribes. Check with your state if it offers guidance on loans to tribal groups.
FAQ
Can Tribal Lenders Garnish Wages?

If you fail to repay your loan, the debt collector or the payday lender may attempt to bring you to court and force you to pay. If they get the ruling in your favor, or you don’t dispute the suit or claim made against you, the judge could declare a judgment or order against them. This means that the lender or collector could take your wages. It could also happen if your credit union or bank receives a garnishment notice (also called the bank garnishment).
Every state has their own process for garnishment of wages and bank garnishment. Certain payments or benefits like these, for instance, may be exempt from garnishment under federal law.
Remember that some tribal loan lenders will use garnishment threats to force the borrower into paying, regardless of any legal authority from the government to use this method. If that happens to you, research your legal alternatives. Lenders must abide by the Federal Trade Commission as well as the Consumer Finance Protection Bureau.
Does an Tribal Payday Loan Company Sue you?

A payday loan firm could sue you if fail to pay your debts. They cannot take action against you if your repayments are in arrears or if your loan agreement is violated.
Payday lenders won't send you to a criminal court. Instead, they'll only bring you to civil court. If you do not pay the loan you received from payday lenders and you fail to pay it back, you will not be put in prison.
Lenders are more open How to Get Out of Paying Tribal Loan individual negotiations than to the settlement of the matter in court.
Are Tribal Loans guaranteed?

Tribal loans are available without risk, but they're not guaranteeable. But there are some requirements to be fulfilled:
You need to show a driver's license or government ID.
Are Tribal lenders required to submit a credit report?

In general, tribal lenders will not provide credit bureaus with information.
Tribal Credit Check and Loans?

The majority of tribal lenders won't check your credit.
What number of Tribal loans can you have at once?

The majority of tribal lenders' websites suggest that you only can qualify for one tribal loans at a time. The borrower may be able to negotiate to get the loan extended if they're unable to make their payments or have an existing loan rolled into the new loan. It is also possible to locate a tribal lender who will offer an entirely separate loan. This is not recommended.