Whenever you find yourself in a financial emergency, a short-term loan service might come to mind as your way out. Blue Trust Loans is among the numerous companies in this industry, targeting borrowers with urgent funding needs and poor credit scores.
But before you jump in and take out a loan with the provider, it would be wise to take a few minutes and find out all you can about it. Our comprehensive review of the service seeks to provide all the information you need to make your decision.
Read on to find out everything you need to know about Blue Trust Loans and assess whether it is the provider for you.
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- Loans From $100 to $15,000
- Instant Application & Approval
- Bad Credit Considered
- Lenders From All 50 US States Onboard
What is Blue Trust Loans?
Founded in 2014, Blue Trust Loans is a company based in Hayward, WI and operates under Hummingbird Funds LLC.
Blue Trust Loans is a loan company operating as a tribal lender operating in 37 US states. Its owners are the Lac Courte Oreilles Band of Lake Superior Chichewa Indians of Wisconsin. This is an American Indian tribe which is federally recognized as a sovereign government.
Notably, even though the tribe claims that it is immune to the laws of the state, customers who feel they have fallen victim to predatory lending have legal recourse. They can file complaints with the Consumer Financial Protection Bureau.
The company offers loans of between $400 and $2,500 and provides funding within as little as 1 business day.
Note that the company itself is not a lender, but plays the role of a loan facilitator. Its systems are integrated with multiple lenders allowing users access to funding from a wide variety of providers.
But it simply requires a single application online to get an online decision almost immediately. Approval is almost instantaneous.
Pros and Cons of a Blue Trust Loans Loan
Blue Trust Loans Vs it’s Other Competitors
Blue Trust loan is an online lender founded by American Indian tribe. As such it operates under Tribal laws and often offers installment loans though they still have payday loans in their portfolio. All loans process are done via their website and the approval takes less than 1 business day. Let’s compare this company with similar lenders such as Check n Go, Ace Cash, and Advance America; based on loan limit, credit score requirement, fees rate and repayment period metrics: