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The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Ascend Loans


About lender

Ascend Loans, LLC is a lender owned by Indian Tribe Habematolel Pomo of Upper Lake. The company is headquartered in California and services its loans online from the Tribe's trust land.

The funding products issued by Ascend Loans are regulated according to the Tribe's jurisdiction. Ascend Loans acquired such a right under the HPUL tribal Financial Services Regulatory Commission license. The locations the Tribe chooses to service can change without notice, and by accessing the loans, you agree to the Tribe's jurisdiction.

Pros and cons


  • You can submit the application online. There is no need to visit an in-store location.

  • The eligibility criteria are easy to meet.

  • The funding process is quick and easy. It is done through the ACH system.

  • You can apply with a bad credit score.

  • There's an option to set up an automatic payment.


  • The loan amount is small - you can only borrow up to $1,000.

  • The borrowing costs are high - APRs are as high as 700%.

  • The company operates within the Tribe's jurisdiction only.

Terms and conditions

Ascend Loans provides short-time borrowing solutions. Therefore, these loans become pretty expensive. Ascend Loans can be used for multiple purposes like repairing the car, medical bills, travel expenses, or job expenses.

There are two options for Ascend Loans borrowers: loans for new customers and loans for returning customers.

New customer loans

For the new customers, the company has small-amount loans. The minimum loan amount is $300, and you can borrow up to $1,000. These are installment loans with bi-weekly payments. You can typically take a loan for ten months, and the APRs will be high. The APRs are likely to be over 700%.

Returning customer loans

This option is called Emerald Rewards. Ascend Loans promises to offer you lower interest rates every time you come to the company to borrow another loan. After you have repaid your new customer loan but still need financial assistance, you can come to Ascend Loans and request another one. Your application will be shorter, and your interest will likely be lower. Therefore, if you borrow the same amount as a returning customer, you will have a lower payment. You can also qualify for a higher loan amount, but the limit on the loan amount is still $1,000.

The company doesn't disclose the terms of the installment loans in full. The complete details on APRs, fees, and payments will be established in the loan agreement. You will need to read this agreement carefully and decide if the terms are suitable for you.

Funding a loan

Ascend Loans transfers the funds directly to your bank account through ACH. It is also referred to as a direct deposit and provides a quick and secure way to transfer money.

Ascend Loans approves the applications Monday through Friday by 4 pm Pacific Time. The money will typically be received the next business day after signing the agreement.


What is Ascend Loans?

Ascend Loans is a tribal lender providing installment loans as a short-term expensive borrowing solution. It offers the online application procedure and transfers funds through ACH, typically the next business day after you sign the agreement.

How much can I borrow from Ascend Loans?

Ascend Loans allows you to borrow up to $1,000. The starting amount for new customers will be $300.

Is Ascend Loans legit?

Ascend Loans, LLC is a tribal lender. Do three rights under the Tribe's jurisdiction, and it is licensed by the HPUL Tribal Financial Services Regulatory Commission.

Company documents

Privacy Policy
Terms of Use

So many people too often face unexpected expenses without a safety net. You need someone you can turn to. That’s why we made it our mission to provide consumers with short-term funds when they need it most, regardless of your credit score.

© Ascend Loans, LLC

Calculate loan payments in Ascend Loans

Ascend Loans calculator will allow you to calculate an approximate payment schedule for the loan

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What to focus on before applying for a loan with Ascend Loans

To ensure the lender is legitimate, check if it meets the following criteria:

How do you know if a loan company is registered?

The lending company is registered with the US Securities and Exchange Commission (SEC) and has a tax identification number (EIN). Note that tribal lending companies operate under the jurisdiction of tribal laws, and they don't have to register with the SEC. But still, tribes must act under federal consumer protection laws enforced by the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC).

According to the FTC requirement, the lending company is registered in your state, excluding tribal lenders abiding by tribal and federal laws only. That is why tribal lending companies can charge interest rates exceeding your state's maximum.

Finally, the State Attorney General can verify the registration of the lending company if you need additional proof of whether it is legitimate.

If a US lending company scams you, please report to local law enforcement, your state attorney general, CFPB, or FTC.

Finanso® also recommends

Learn the total cost of a loan, including:

It will be best to read a loan agreement carefully before signing it. If any part of the agreement seems incomprehensible, do not hesitate to ask the lender about particulars.

Remember that you don’t have to make an immediate decision when considering getting a loan. However, you must be sure that you are ready to repay following your loan documents. If the lender’s terms and conditions are uncomfortable for you, you are free to search for another proposal, as there are about 780 lending companies in the US.

What’s the difference between Ascend Loans and a bank?

  1. You need to have a good credit history to qualify for a credit card with a bank. In contrast, even bad credit history debtors can borrow money from US lenders with personal or payday loans. 
  2. Interest rates and annual percentage rate for a loan with an online lending company are significantly higher than with a credit card released by a bank.
  3. Applying for an online loan with a lending company doesn’t require paperwork or even visiting their office. Instead, a borrower can apply entirely online and receive money via direct deposit on the next business day.
  4. The online lending business is high-risk for investors, and their capital is not protected from unfair borrowers.
  5. A loan with legitimate loan companies for bad credit is a simple but expensive form of borrowing to resolve financial hardship.
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All Ascend Loans’s reviews by September 2022
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