If you are connected to a tribal lender, please understand that the tribal lenders rates and fees may be higher than state-licensed lenders. Additionally, tribal lenders may require you to agree to resolve any disputes in a tribal jurisdiction.
You are urged to read and understand the terms of any loan offered by any lender, whether tribal or state-licensed, and to reject any particular loan offer that you cannot afford to repay or that includes terms that are not acceptable to you. The purpose of shorter duration loans is to provide the borrower temporary financial relief. Such loans are not a long-term financial solution. Persons facing serious financial difficulties should consider other alternatives or should seek out professional financial advice.
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Once you find out whether or not the lender has accepted your application for a loan, you can start reading the terms so you are fully aware of your obligation. By law lenders must give you access to the terms before you sign the contract. It is very important that you read these thoroughly, as this will enable you to learn more about your loan. You will be able to find out when the repayment date is, what the finance charge is, the fees andor interest for missed or late repayments and lots more important information.
Once you digitally sign the contract you have entered in to a legal agreement and are bound to meet the terms. The lender will begin the deposit process as soon as possible, and in most cases the cash will appear in the designated bank account within 1 business day. Repaying your loan. You will be given a repayment date, which will usually coincide with your next payday.
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