|Basic requirement to get the loan|
AL, CA, DC, DE, FL, HI, ID, IL, IN, IA, KS, KY, LA, MH, MI, MS, MO, NE, NV, NM, ND, OH, OK, RI, SC, TN, TX, UT, WA, WI, WY
|APR up to||830%|
|Time to money||Next business day|
|Funding Method||Bank account|
Arrowhead Advance Loans – Credit of up to $1,000
Are you hard-pressed to find cash in the shortest time? Don’t endure a long bank loan process or wait to get approved for a credit card. Instead, seek a loan from an online lender.
Arrowhead Advance Loan Review
Arrowhead Advance is a tribal lending company affiliated with the Wakpamni Lake Community. This company avails convenient personal Arrowhead Advance loans to consumers with less-than-stellar credit scores.
Arrowhead Installment Loans
Installment loans are paid back in equal installments. You can borrow up to $1,000. The company is very transparent with their loan’s cost. Look out for the finance charge in the loan agreement. Typically, Arrowhead Advance interest rates are 200% to 830%.
The loan repayment schedule will be determined by how frequently the borrowers receive their paycheck. And it takes about 7 months to pay off their loan.
Arrowhead Advance Loan Review of Advantages
- Effortless application process
The lender has an intuitive website. Finding relevant pages will be time-saving. Applicants take about 2 to 10 min completing the standard online application form. Plus, it can be completed on mobile devices.
- Less stringent qualification criteria
Arrowhead Advance Loans are tailored to the needs of all customers regardless of how much they take home at the end of the month. You just need a minimum income of $1,000 per month.
- Fast funding
The company provides loans by the next working day. To qualify for next working day funding, apply earlier in the day, so you can get approved before the close of the working day. Also, keep the following documents ready; copies of bank account statements, paystubs, government-issued ID, etc. Send them promptly if the lender requests them.
- Pay the loan ahead of schedule
The lender charges prorated fees, which means you’ll only pay for the number of days you have taken out the loan. Clear the loan ahead of schedule to shorten the loan’s term. And the lender will not charge you any penalties.
- No origination or application fees
You stand to have a cheaper loan than if you applied to a lender charging origination fees, which are usually 1 to 5% of the total principal amount.
Are Arrowhead Advance Rates High?
Yes, their fees are a bit steep. But that’s explained by the risk they take in lending loans to customers with less than perfect credit scores.
Is Arrowhead Advance Legit?
The company is legit and issues loans every day. A copy of their consumer loan license is availed on their website. What’s more, as a legit financial institution, they gather identifying information before pre-qualifying borrowers.
They also conduct limited credit checks as it should be the case. However, your scores are not affected since they use data from consumer reporting agencies such as Teletrack and DP Bureau.
Is There Any Pending Arrowhead Advance Lawsuit?
Arrowhead is not fighting any class lawsuit and none is in the works.
How to Get Arrowhead Advance Pre Approval
Getting pre-approved means being accepted and presented with a loan offer. Now, before you even send out an application, ask yourself if you can afford the repayments. Use their site’s “Rates and Terms” page to see a breakdown of the amortization schedule. You may also refer to an Arrowhead Advance review.
Also, consider other loan alternatives such as obtaining payment extensions from creditors. However, if you decide to take out an Arrowhead loan, just navigate to their website and get started with the application form. Provide accurate details and counter-check the form before sending it. That’s because the details are later verified during the loan processing.
Arrowhead Advance Support
The company’s reps are on hand to offer guidance. Contact them at (855)744-6463.