Lender
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Right Now Loans

Advertiser Disclosure

About Lender

Right Now Loans is a tribal lender that offers installment loans. Right Now Loans is a subsidiary of SBR Enterprises, a wholly owned economic arm and instrumentality of a Native American entity. It is managed by the Elem Indian Colony of Pomo Indians (the "Tribe") and formed under its laws.

Nowadays, Right Now Loans operates in Clearlake, California. The Better Business Bureau does not accredit the company. 

Right Now Loans is a financial service that offers expensive loans. This tribal lender offers short-term loans, so the borrowers don't use them as financial solutions for long-term needs. Unlike a payday loan, an installment loan provided by Right Now Loans allows the borrower to pay back what they owe with a flexible payment schedule. Installment loans, provided by this tribal lender, help the borrower to get the cash to cover their little emergencies, such as medical emergencies or auto repair, expensive home repair bills, etc.

Right Now Loans

Key Features

Right Now Loans is an economic development arm of the Elem Indian Colony of Pomo Indians, a Native American band located near Clearlake Oaks, California. The company offers quick installment loans to help consumers tackle life's unexpected expenses and emergencies. Here are the key features of Right Now Loans:

  1. Fast access to cash: Right Now Loans provides a quick and effective way for hardworking consumers to get extra cash to cover unexpected expenses, such as home repairs, medical bills, car repairs, and bounced checks.
  2. Safe, secure, and confidential: The loan application process is designed to protect the applicant's personal and financial information.
  3. Customer support: Dedicated customer service representatives are available to answer questions and guide applicants through the loan process.
  4. Credit verification: Right Now Loans verifies applicant and credit information through national databases, including Clarity, Factor Trust, and Microbilt. They may also pull your credit report to determine your eligibility and ability to repay the loan.
  5. Tribal entity: Right Now Loans is a subsidiary of SBR Enterprises, a wholly-owned tribal entity licensed by the Elem Indian Colony of Pomo Indian's Tribal Consumer Finance Department. It abides by all applicable federal laws and the laws and lending codes enacted by the Tribe’s federally recognized sovereign government.
  6. Flexibility: Unlike payday loans, Right Now Loans' installment loans allow you to pay back the funds in several smaller monthly payments.
  7. Higher interest rate: Installment loans from Right Now Loans are designed for short-term borrowing needs and are not intended as a long-term financial solution. The company encourages prompt repayment to reduce the overall cost of borrowing. The APR for loans ranges from 615-859% depending on the payment schedule, pay frequency, loan term, and loan amount.
  8. State availability: Personal loans products obtained through Right Now Loans are not available to residents of all states. State availability may change without notice. Certain states, such as Alabama, Arkansas, Connecticut, District of Columbia, Florida, Georgia, Illinois, Maryland, Massachusetts, Minnesota, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, South Dakota, Vermont, Virginia, and West Virginia, are currently ineligible for loans from Right Now Loans.

    Pros and Cons

    Pros

    • Good for unforeseen emergencies. The borrowers can use the loans of East Line Lending for auto repair or medical care.
    • No strict repayment terms. You can pay back just what you owe with fixed payments.
    • Good customer support. You can contact the company's customer support team if you have questions about the loans.
    • No prepayment penalties. The borrowers can pay their loans early with no penalties.

      Cons

      • Short-term loans. The loans of East Lending can not be used as financial solutions or long-term credits.
      • Not available in all states. The list of States where East Line Lending loans are available may change from time to time.
      • High-interest rates (615-859% APR)
      • Different loan amounts for different customers. The loan amount for existing borrowers differs from the loan amount for new customers.

        Products

        Right Now Loans offers quick financing options ranging from $200 to $5,000, designed to assist hardworking consumers in managing life's unexpected expenses and emergencies. A Right Now loan features flexible terms tailored to the borrower's needs, payment schedule, and pay frequency. However, it is essential to note that these loans' Annual Percentage Rate (APR) ranges from 615-859%, making them an expensive form of borrowing intended primarily for short-term financial needs.

        Reliability

        The reliability of Right Now Loans can be assessed based on various factors, online reviews, and the company's adherence to tribal law. The company is a subsidiary of SBR Enterprises, a wholly-owned tribal entity licensed by the Elem Indian Colony of Pomo Indian's Tribal Consumer Finance Department. It abides by all applicable federal laws and the laws and lending codes enacted by the Tribe's federally recognized sovereign government.

        In terms of customer satisfaction, Right Now Loans has a B rating from the Better Business Bureau (BBB), indicating an average level of satisfaction and responsiveness to customer complaints. The customer reviews on BBB give Right Now Loans a 1.16/5 rating, which might raise some concerns. However, Trustpilot, another popular review platform, offers a contrasting view with a 4.2 rating, suggesting higher satisfaction among some customers.

        While both platforms provide insights into the company's reliability, it is essential to consider that individual experiences may vary, and these ratings may not capture the full range of customer opinions. To make an informed decision, potential borrowers should carefully evaluate their specific needs, research the company's services and policies, and weigh the pros and cons based on their financial situation. Additionally, it's a good idea to read multiple customer reviews and testimonials to understand the experiences others have had with Right Now Loans, keeping in mind the company's commitment to tribal law and regulations.

        Funding a Loan

        After the borrower fills out their applications, a customer service representative will help them complete the loan process. This process includes the verification of some borrowers' personal information for final approval and funding. 

        Right Now Loans usually transfers funds by ACH electronic crediting (Automated Clearing House) directly to the borrower's bank account. If the company reviews and approves the clients' applications after 2:00 pm CST, then they will get their funds on the next business day. Some delays for various reasons may extend the time for the deposit. Right Now Loans works from Monday to Sunday, 5:00 am to 6:00 pm PST.

        Loan Conditions

        Credit products offered by Right Now Loans are not available in all states. If the borrowers live in such states as Minnesota, Florida, North Carolina, Alabama, Virginia, Connecticut, Georgia, Illinois, Maryland, New York, Pennsylvania, South Carolina, Vermont, West Virginia, Arkansas, and Massachusetts, the loans aren't available to them. Such availability changes from time to time without prior notice. So, you need to check if the Right Now Loans allow you to apply for the company's credit options. 

        The minimum loan amount is $200. If you are a first-time borrower, your maximum loan amount is up to $1,500, but if you are an existing customer, you can borrow up to $5,000. If the customer wants to know more details about their own loan terms, they need to read the relevant point of the agreement.

        The APR (Annual Percentage Rate) of the installment loans offered by Right Now Loans ranges from 615% to 859%, depending on the borrower's payment schedule, loan term, loan amount, and frequency of payments. If the borrowers refuse to pay off their loans, Right Now Loans has a right to charge additional fees or collect the payments according to the loan agreement and Tribal and applicable federal law.

        The qualification criteria for Right Now Loans borrowers are the following:

        • Being of majority age or older;
        • Having US citizenship;
        • Being the resident in a state where the company offers loans;
        • Having an open and active checking account to receive direct deposits;
        • Having a valid phone number and email address;
        • Meeting minimum income requirements.

          When it comes to payment, the Right Now Loans offers borrowers several options. The company tries to make the repayment process as convenient as possible. In most cases, the payments are automatically deducted electronically from the same bank account where the borrower's loan was deposited. If the clients don't want to pay using such a method, they can pay by cashier's checks or bank checks. For this, they need to mail payment to Right Now Loans, and the borrower must send their check no later than their scheduled due date. If you want to learn more details about loan repayment, you can contact a support service representative.

          Right Now Loans allows customers to pay their loans early with no prepayment penalties. The company even recommends borrowers pay off their loans earlier because such a repayment reduces the overall costs of the borrowing. 

          If you stop getting credit products from Right Now Loans, you must cancel the loan with the company within 24 hours.

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          Lendumo

          Important

          Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

          How to Choose a Lender

          1. 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.

          2. 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.

          3. Carefully review all the terms and conditions of your payday loan contract.

          4. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.

          5. 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.

          6. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.

          Methodology

          At Finanso, we've carried out a comprehensive analysis of over 100 lenders, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.

          In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.

          At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.

          Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.

          FAQ

          How Do you Qualify For a Right Now Loans Loan?

          To qualify for a loan from the company, an individual must have a consistent job or another regular source of income, maintain a valid bank account in good standing (previous derogatory actions on their account may not disqualify them), possess a valid email address and phone number, be at least 21 years of age, and reside in a state where the company offers loans.

          How Much Can You Borrow From Right Now Loans?

          Right Now Loans focuses exclusively on offering short-term installment loans, with loan amounts ranging from $200 to $5,000 and high APRs (615-859%).

          Does Right Now Loans Approve Everyone?

          Right Now Loans does not approve everyone who applies for a loan with them. They have certain eligibility criteria that applicants must meet in order to be considered for a loan, such as having a consistent source of income, a valid bank account, and being at least 18 years of age (or older, depending on the state).

          Moreover, Right Now Loans conducts a credit check to evaluate the creditworthiness of the applicant and assess their ability to repay the loan. While they may consider applicants with less-than-perfect credit, approval for a loan is not guaranteed and is subject to their lending policies and guidelines.

          It is always important to borrow responsibly and only apply for a loan if you are confident that you can meet the repayment obligations.

          Is Right Now Loans a Legitimate Company?

          The company is a subsidiary of SBR Enterprises, a wholly-owned tribal entity licensed by the Elem Indian Colony of Pomo Indian's Tribal Consumer Finance Department. It abides by all applicable federal laws and the laws and lending codes enacted by the Tribe's federally recognized sovereign government.

          In terms of customer satisfaction, Right Now Loans has a B rating from the Better Business Bureau (BBB), indicating an average level of satisfaction and responsiveness to customer complaints. The customer reviews on BBB give Right Now Loans a 1.16/5 rating, which might raise some concerns. However, Trustpilot, another popular review platform, offers a contrasting view with a 4.2 rating, suggesting higher satisfaction among some customers.

          Is Right Now Loans a good lender?

          There are several factors that borrowers can consider to determine whether Right Now Loans may be a good lender for them.

          Firstly, borrowers can review the loan terms and conditions carefully, including the interest rates, fees, repayment terms, and other relevant information, to ensure they fully understand the loan product.

          Secondly, borrowers can consider the lender's reputation, including their customer service, online reviews, and customer feedback, to assess the lender's quality of service and reliability.

          Thirdly, borrowers can evaluate their own financial situation and ability to repay the loan to ensure they can meet the repayment obligations without defaulting or falling into further debt.

          Overall, whether Right Now Loans is a good lender for an individual borrower may depend on their circumstances and preferences. Conducting due diligence and making an informed decision before applying for a loan is always important.

          Company documents

          Privacy Policy
          Terms of Use
          Resolving Consumer Disputes
          Rates
          Lending License

          Right Now Loans is a wholly owned, economic development arm of the Tribe. Right Now Loans offers hardworking consumers a fast, effective way to get access to a little extra cash. With a simple, quick installment loan, you can get the money you need to cover life’s little emergencies and unexpected expenses.

          © Right Now Loans
          Financial products
          Right Now Loans
          Personal Loans
          Rating by Finanso®
          i

          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.

          Recommended FinScore™
          0
          300
          650
          1000
          $200-$5,000
          Rate
          i

          Effective interest rate on the product

          up to 859%
          Term
          i

          Loan term for the financial product

          up to 24 months
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          Rating by Finanso®
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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.

          Recommended FinScore™
          0
          300
          650
          1000
          100.00 – 20000.00 $
          Rate
          i

          Effective interest rate on the product

          from 0.05 %
          Term
          i

          Loan term for the financial product

          5 days – 3 months
          Rating by Finanso®
          i

          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.

          Recommended FinScore™
          0
          300
          650
          1000
          100.00 – 4000.00 $
          Finanso
          Personal Loans
          Rating by Finanso®
          i

          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.

          Recommended FinScore™
          0
          300
          650
          1000
          2000.00 – 100000.00 $
          Rate
          i

          Effective interest rate on the product

          6.34 – 35.89 %
          Term
          i

          Loan term for the financial product

          2 months – 72 months
          Rating by Finanso®
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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.

          4.25
          (20 Ratings)
          Recommended FinScore™
          0
          300
          650
          1000
          to 1500.00 $
          Rate
          i

          Effective interest rate on the product

          to 160.00 %
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