About Lender
Loan at Last is an online tribal lender that offers short term installment loans for bad credit. Founded in 2015 and owned by the Lac Du Flambeau Band of Chippewa Indians, they are located in Lac du Flambeau, Wisconsin. They specialize in unsecured installment loans as an alternative to traditional payday loans or home equity lines of credit so if you need quick cash this is a good option.
Although Loan at Last is exempt from state regulations as a tribal lender they comply with federal regulations and serve customers in 41 states. They promote responsible borrowing and encourage customers to become financially literate through resources like the Community Financial Education Foundation (CFEF) and Clarity Services programs. They support customers in making informed financial decisions.
Key Features
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Quick Application. The company has a quick online application that takes just a few minutes.
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Installment Loans. Loan at Last offers installment loans not payday loans.
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Flexible Payments. These personal loans have flexible payment terms so you can choose a loan term that fits your budget and goals.
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No Prepayment Penalty. The lender does not charge a prepayment penalty.
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Credit Reporting. Loan at Last reports to credit bureaus so your payment history may impact your credit score.
Pros and Cons
Pros
Easy. Loan at Last has a short and simple application that can be done entirely online.
Quick. Application and balance transfer times are fast.
OLA Member. Loan at Last is an OLA member so they follow best practices to ensure customers get a fair and transparent lending experience.
Cons
Tribal Lender. As this is a tribal lender you can not sue them for breaking the laws. So if Loan at Last does not fulfill the terms of the contract according to the loan agreement you will not get a refund or damages through the court.
High APR. Loan at Last loans have high interest rates because they are short term loans to help you with your immediate financial needs.
Lack of Transparency. The company does not disclose the cost of its products, interest rates, repayment terms or payment schedules until you apply their services and get a loan agreement.
Reliability
Industry Associations. Loan at Last is a member of the Online Lenders Alliance (OLA) and the Native American Financial Services Association (NAFSA) which means they follow industry standards and best practices.
BBB Rating. Loan at Last has a B rating with the Better Business Bureau (BBB) which means they have a good history of customer service, complaint resolution and licensing and regulation.
Responsible Lending. Being a member of industry associations means they are committed to responsible and transparent lending.
Customer Feedback. The BBB rating is based on customer feedback and complaint history so they are always working to keep a good standing in the financial industry.
How to Apply for a Loan at Last Loan?
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Visit the Loan at Last Website. Go to the official Loan at Last website.
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Select Loan Amount. Slide to choose the loan amount you wish to apply for.
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Enter Personal Information. Input your name, email, and state of residence.
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Click "Apply Now." After entering your details, click the "Apply Now" button.
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Provide Additional Details. Enter your phone number, full address, and email in the next step.
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Input Income Information. Provide your income details as requested.
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Verify Your Identity. Complete the identity verification process.
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Submit Application. Once all information is accurate, submit your loan application.
Conditions and Requirements
Conditions
Loan Amount. Borrowers can apply for loans up to $3,000 depending on eligibility and approval.
Loan Term. Loan term is 10 to 18 months.
Interest Rates. Interest rates are based on borrower’s profile, loan amount and term.
Requirements
Minimum Age. You must be at least 18 years old.
No Active Bankruptcy. You cannot be in any active bankruptcy.
Contact Info. You must provide correct contact info, phone number and address.
Income Info. Income proof is required during application process.
Active Checking Account. You need an active checking account for loan disbursement and payments.
Ways to Recieve the Money
Once a customer completes the online loan application, Loan at Last will email them if they are approved pending verification. After that the customer will present the transaction documents and loan disclosures. Normally customers get the cash in their bank account the next business day after approval if their info is received and approved by 4:30 pm C.T. Also customers can get same day funding. The exact time for funding depends on the customer’s bank’s processing schedule, policy and bank holidays. If you want expedited funding call the customer care team at (844) 676-8550.
Products
Loan at Last offers short term installment loans to eligible borrowers in select states. Loan products offered by Loan at Last may vary based on borrower’s state of residence and credit score. However, generally Loan at Last loans can be used for unexpected expenses, home repairs or car repairs. Borrowers can apply through Loan at Last website or by phone and the application process is quick and easy. Borrowers can get money from Loan at Last with loan amount and term varying based on borrower’s credit score and state of residence.
Other Personal Loans
Reasons for Loan Refusal
How to Repay a Loan at Last Loan?
To pay back a Loan at Last loan, borrowers can set up auto pay from their bank account for ease and to avoid late payments. Or pay manually through Loan at Last online portal or call customer care. Borrowers can also pay off the loan early with no prepayment penalty to reduce overall interest if they pay off the debt sooner.
Loans like Loan at Last
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Rise Credit
RISE Credit is a reliable online lender that provides loans up to $5,000. They have a streamlined application procedure, allowing borrowers to have funds transferred to their accounts as early as the next business day. They present the flexibility of choosing a payment schedule that fits with the financial preferences of the customers, although some state-based restrictions might apply. A notable feature of RISE Credit is its 5-Day Risk-Free Guarantee, which permits borrowers to revoke their loan and return the principal with zero fees or interest within the given period. Additionally, RISE Credit grants customers complimentary access to their credit score and credit monitoring alerts through Credit Score Plus, offering valuable financial insight.
OneMain Financial
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Universal Credit
Universal Credit requires applicants to have a minimum credit score of 560, thus excluding those with no credit history. It is appealing for its credit-enhancement features, making it suitable for individuals with fair or poor credit looking to better their scores. Providing larger loan amounts than Oportun and next-day funding upon approval, it emerges as a solid choice for significant, urgent financial needs. Universal Credit extends its loan services across all 50 states and Washington, D.C., offering a wide geographical coverage.
Editorial Opinion
Important
How to Choose a Lender
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Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.
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Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.
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Carefully review all the terms and conditions of your payday loan contract.
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Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.
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Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.
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Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.
