1st tribal lending reviews
Published January 5, 2024Review of 1st Tribal Lending: Learn what borrowers think of their experience with this tribal lender.
Review of 1st Tribal Lending: What Borrowers Think of the Experience
Introduction:
1st Tribal Lending is a tribal lender that offers short-term loans to individuals who need some extra money. As with any loan, there are risks and benefits associated with this type of financing. In this blog post, we'll take a closer look at what borrowers have to say about their experience with 1st Tribal Lending. We'll explore the pros and cons of borrowing from a tribal lender, as well as the overall customer experience. By the end of this post, you'll have a better understanding of 1st Tribal Lending and whether or not it's right for you.
Flexible Repayment Terms
One of the main benefits of borrowing from 1st Tribal Lending is the flexible repayment terms that they offer. Borrowers can choose from a variety of repayment plans depending on their financial situation. This allows borrowers to customize their loan to fit their individual needs, which can be a huge help for those who are struggling to make ends meet. Additionally, 1st Tribal Lending is willing to work with borrowers to adjust the terms of their loan if needed. This flexibility is one of the reasons why many borrowers have had positive experiences with 1st Tribal Lending.
Quick and Easy Application Process
Another benefit of borrowing from 1st Tribal Lending is the quick and easy application process. The entire process can be completed online, saving borrowers time and hassle. Additionally, 1st Tribal Lending has a dedicated team of customer service representatives available to answer any questions that borrowers might have. This level of service makes it easy for borrowers to get the help they need throughout the entire loan process.
Competitive Interest Rates
In addition to the flexible repayment terms and easy application process, 1st Tribal Lending also offers competitive interest rates. This means that borrowers can save money by borrowing from 1st Tribal Lending rather than other lenders. This can be a huge help for borrowers who are already struggling with their finances.
No Credit Check Required
One of the best features of 1st Tribal Lending is that they don't require a credit check. This makes it easier for borrowers with poor credit to get the funding they need. This is especially helpful for those who have been turned down by other lenders due to their poor credit.
High Approval Rates
Another great feature of 1st Tribal Lending is that they have a high approval rate. This means that most borrowers who apply will be approved and can get the money they need quickly. This can be a huge help for those who are in a financial bind and need money right away.
Minor Drawbacks
While 1st Tribal Lending has a lot of great features, there are a few minor drawbacks. For one, the repayment terms can be difficult for some borrowers to manage. Additionally, the interest rates can be higher than other lenders. However, these drawbacks are minor compared to the benefits that 1st Tribal Lending offers.
Brett Robinson is the Founder and Managing Director of 1st Tribal Lending. 1st Tribal specializes in the HUD Section 184 loan program which is an FHA like program for Native Americans.
Is Tribal Lending Illegal? Unfortunately, tribal lending is something of a legal battleground. It's true, Native American tribes do have sovereign immunity, but that doesn't necessarily mean all tribal lenders can legally ignore state or federal laws.
Sample loan terms: (Amount: $200,000; Term: 30 years; 4.750% sample interest rate, 5.0439% Annual Percentage Rate (APR) includes lender fees and insurance; Est.
Income limits: This program has no income limits. Credit: Interest rates are based on market rates, not on an applicant's credit score. There is no minimum credit score required to qualify for the pro- gram.
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