Many lenders refer to tribal loans as payday loans. However, some tribal lenders also offer installment loans with longer terms. This is not unusual, as many non-tribal lenders also do this. Basically, a Tribal Loan is a Cash Advance or Payday Loan, but it’s offered by a Native American tribe. Some tribal lenders have said state laws do not apply to them because they have sovereign immunity. Each state will determine if they agree or not.
b>Read more: Things we have to know about Tribal Loans
Kimmy Burgess is the Manager of Cash in a Snap, which helps clients get connected to its large network of reputed lenders to obtain quick cash advances when they need it most. Kimmy has over 20+ years' experience in Administrative Management, with many years in the lending industry.