Payday loans are famous for sustaining struggling Americans until their next paychecks. Tribal payday lenders operate similarly to traditional payday loan firms in that they provide small-dollar advances to people who live paycheck to paycheck. While anyone can access tribal installment loan lenders online, they claim to focus on specific tribal groups.
Due to the exorbitant fees and interest rates imposed by these traditional payday loan lenders, some states in the US have banned their services. But it does not seem that these efforts have reduced the number of lending firms exploiting individuals in need of a quick cash injection.
As a result, we’ve compiled a list of the three best tribal installment loans with guaranteed approval that have your interest at heart.
3 Online Tribal Installment Loans with Guaranteed Approval
1. Heart Paydays
Heart Payday is one of the most reliable payday loan sites in the US. Their site’s user interface is friendly, and even newbies can find it convenient.
Their loan application and approval procedures are super-fast. You can apply in just five minutes and get their feedback in less than ten minutes. What’s more, if your loan application is accepted, they will deposit the amount directly into your bank account on the same day.
Heart Payday is famous for its lenient qualification requirements. For example, people with bad credit histories, the unemployed, and those on government support programs apply for heartpaydays.com.
They provide loans ranging from $200 to $2,000 with a term of two months. You can also negotiate for more significant amounts, up to $5,000, which typically comes with longer payment terms of two years. Their APRs range from 5.99% to 35.99%, depending on the direct lender you’re working with and the amount you want to take out.
Pros
- Fast payouts in as little as one hour
- There is no paperwork required
- Easy application process
Cons
- Some loans have high chargebacks
2. Viva Payday Loans
Viva Payday Loans is the most famous payday loan in the US. They help Americans solve their financial emergencies in just a few hours.
Viva Payday has partnered with many direct lenders whose core objective is to see that you get the needed financial assistance on time. Their loan amounts are super-flexible; whether you need a couple of dollars to repair your car or a few thousand dollars to invest in your business, Viva Payday has got you covered.
The best part is that Viva Payday welcomes all applicants to apply for their services; the unemployed, people with bad credit scores, and others can apply too.
Viva Loans offers loan amounts ranging from $200 to $5,000, and their APRs start at 5.99% to 35.99%.
Pros
- Same day payouts
- They provide flexible amounts, from $200 to $5,000
- Their application process is fast
Cons
- Viva Payday Loan services are not available in some states.
3. Credit Clock
Credit Clock is one of the best credit options for Americans. This loan brokerage site gives out different types of loans; payday loans, emergency loans, poor credit score loans, etc.
To be qualified for their loans, you only need to meet a few lenient prerequisites:
- Be 18 years of age or older.
- Have reliable employment with a minimum wage of $1,000.
- Be a US citizen.
Pros
- The Swift approval process
- Same day payouts
- People with poor credit scores can also apply
Cons
- You must be earning at least $1,000 to qualify for their loan services
Conclusion
Like other payday loan lenders, many people have reservations about tribal installment loan options. They are infamous for their exploitation and deceptive marketing strategies.
During times, you can opt for the readily available solution. It would be best to go through their terms and conditions. Otherwise, you may end up paying high-interest rates and a few penalties.
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