Blue Trust Loans is a tribal lender that offers installment loans of up to $2,000 as an alternative to payday loans. Instead of paying the loan back in full with your next payroll check, Blue Trust Loans allows you to pay it back in installments over a six-month period.
Why should I consider getting a Blue Trust Loans installment loan?
1. No prepayment penalties. Blue Trust Loans won’t charge any fees if you decide to pay off your loan balance earlier than the due date.
2. Quick approval. After you apply, you could know about your approval status within a few minutes.
3. Fast turnaround. If your application is approved, you could have up to $2,000 deposited into your bank account as soon as the next business day.
4. Fixed payments. Except for the first and last payments, your payment amount isthe same throughout the life of the loan. Your schedule is created based on the interest rate, principal balance and number of payments.
Do you currently have a payday loan? Are you overwhelmed by the amount you have to repay? Well, you’re certainly not alone. There are many Americans who have trouble managing their finances so they take out payday loans to make up where they are falling short.
The only problem with using payday loans is that most people don’t know how to get their finances on track to repay their loan on time while avoiding additional debt.
If you’re like most of us, your pay check is spread pretty thin just tackling everyday expenses that come up. There’s no way you have enough left over to cover unexpected financial jams that seem to pop at the worse possible times like a car that won’t start or your son’s broken leg.
So what do you do when you are faced with one of these unpleasant surprises? Fortunately for us, there’s short-term installment loans that are designed just for folks like you and me, who sometimes need that extra cash fast.
It’s tough keeping your household afloat on a fixed income. When life throws curve balls your way, like a car that won’t start or a spike in your utility bills, you may be in over your head with expenses. You’re not alone; many Americans face this problem every day. What not everyone knows is that there are affordable solutions for people who have nowhere else to turn to get the extra cash they need.
An advance loan could be that solution for you. Here are some features of an advance loan to consider whenever you’re in need.
CASH LOANS FOR EMERGENCY EXPENSES
Nothing’s worse than trying to make your budget work when unexpected yet critical expenses pop up. It’s deflating and can leave you stressed out and depressed trying to figure out where that extra cash is going to come from. Luckily, there are lots of companies out there that provide fast cash loans to help with this common problem.
Personal loans – unlike student loans, mortgages and auto loans – do not have a specific use tied to them. Personal loans are to be used at your discretion for whatever large financial expense you may need to cover. This includes expenses such as major car or home repairs, medical bills, or even a wedding.
Personal loans are normally unsecured and fairly easy to apply for. The life span of the loan is relative to the amount borrowed and depends on how small or large the loan is.
Personal loans may seem similar to payday loans in that they both provide a means to access a large amount of cash quickly, however, they are different when it comes to repayment. Personal loans normally have fixed payments set out for the life of the loan, whereas a payday loan requires borrowers to repay the loan in one lump sum by their next pay date.
Applying for a Payday Loan with Bad Credit
The application process to get a payday loan with bad credit is not difficult. There typically are minimum qualifications, which may include providing proof that you are 18 years of age or older, have a steady source of income and have a valid banking account. Most online lenders require basic information, such as your name, address and phone number. The lender also will need your Social Security number and bank account. An approval decision can take as little as a few minutes but usually a decision is made within the same day. Many lenders can deliver funds via ACH deposit, which means you can have access to your loan within one business day.
Provide a verifiable source of direct deposit income into your checking account.
Have an open checking account that meets our “bank account minimum opened duration” requirements.
You need to be at least 18 years old and a United States citizen.
Your take-home pay has to meet our minimum income requirements.
You must not currently be a debtor in a bankruptcy case or presently intend to voluntarily file for bankruptcy relief.
Name, birth date and Social Security number
Employment and income information
Bank account information
Like all short-term loans, an installment loan from Blue Trust Loans comes with a high APR — anywhere from 471.7846% to 841.4532%, depending on the term of your loan. You should also expect to pay a financing fee, and you’ll likely pay extra fees if you make a late payment or miss one entirely.
First-time Blue Trust Loans customers can qualify for up to $1,000, and returning customers — Blue Trust Loans VIPs — may qualify for up to $2,000! Your payments will be due on scheduled Payment Due Dates, which generally correspond with your pay dates. Most installment loan products are approximately 6 months in nature however you can pay off in full at any time without penalty.
Your payment schedule is based on your income schedule, with typical terms lasting six months. This means if you get paid weekly, you will have 24 loan payments. If you’re paid biweekly, you will have 12 payments. And if you’re paid monthly, your loan will have six payments.
LCO P.O. Box 1754
Hayward, WI 54843
Hummingbird Funds, LLC
9790 N County Road K, Suite 3
Hayward, WI 54843