About Lender
Right Now Loans is a tribal lender that provides short term installment loans for immediate needs. Owned by SBR Enterprises and managed by the Elem Indian Colony of Pomo Indians, Right Now Loans operates under the Tribe’s jurisdiction and is located in Clearlake, California. Not accredited by the Better Business Bureau. May not be available in all states.
Right Now Loans offers installment loans as an alternative to payday loans. More flexible than payday loans. For short term needs like emergency medical expenses, car repairs or urgent home repairs. However, the costs associated with this type of lending may not make it a long term solution. The structure of these loans is designed to provide funding with a repayment schedule that matches your cash flow. Good for those with immediate financial constraints.
Key Features
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Fast Cash. Right Now Loans is a quick and easy way for hard working people to get extra cash for unexpected expenses like home repairs, medical bills, car repairs and bounced checks.
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Safe, Secure, Confidential. The loan application process is designed to protect your personal and financial information.
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Customer Support. Dedicated customer service reps to answer questions and guide you through the loan process.
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Credit Verification. Right Now Loans verifies applicant and credit information through national databases including Clarity, Factor Trust and Microbilt. May also pull your credit report to determine your eligibility and ability to repay the loan.
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Tribal Entity. Right Now Loans is a subsidiary of SBR Enterprises, a wholly owned tribal entity licensed by the Elem Indian Colony of Pomo Indians Tribal Consumer Finance Department. It complies with all applicable federal laws and the laws and lending codes of the Tribe’s federally recognized government.
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Flexibility. Unlike payday loans, Right Now Loans’ installment loans allow you to pay back the funds in several smaller monthly payments.
Pros and Cons
Pros
For Unforeseen Emergencies. Borrowers can use the loans for auto repair or medical care.
No Strict Repayment Terms. Pay back what you owe with fixed payments.
Good Customer Support. Contact the company’s customer support if you have questions about the loans.
No Prepayment Penalties. Borrowers can pay their loans early with no penalties.
Cons
Short Term Loans. East Line Lending loans are not a financial solution or long term credit.
Not Available in All States. States where East Line Lending loans are available may change at any time.
Different Loan Amounts for Different Customers. Loan amount for existing borrowers is different from loan amount for new customers.
Reliability
Ownership and Licensing. Right Now Loans is a subsidiary of SBR Enterprises, a tribal entity licensed by the Elem Indian Colony of Pomo Indians, compliant with the Tribe’s consumer finance regulations and federal laws.
Customer Satisfaction Ratings. B rating from the Better Business Bureau (BBB) meaning average response to complaints and moderate reliability.
Mixed Reviews. Customer ratings vary. 1.16/5 on BBB and 4.2 on Trustpilot.
Tribal Law. As a tribal lender Right Now Loans operates under tribal laws, offering flexibility and structure in short term lending within these laws.
How to Apply for a Right Now Loans Loan?
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Visit the Website. Go to the official Right Now Loans website.
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Enter Loan Information. Provide the loan amount, your name, email address, and your state of residence.
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Click Apply Now. Press the "Apply Now" button to proceed with the application process.
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Enter Personal Details. Fill in your address, driver’s license information, phone number, date of birth, and Social Security Number (SSN). Then, click "Next."
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Provide Income Information. Enter details about your income, including your employer and monthly earnings.
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Enter Bank Information. Provide your bank account details to allow funds transfer once approved.
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Submit Application. After reviewing all the details, submit your application for processing.
Conditions and Requirements
Conditions
Loan Amount. Right Now Loans offers loans up to $5,000. First time customers maximum loan amount is $1,500.
Variable Interest Rates. Interest rates vary based on credit history and loan amount.
Flexible Terms. Repayment terms vary based on loan agreement, some flexibility for different borrowers.
Requirements
Steady Income. Applicants must have a job or another regular income to qualify for a loan.
Bank Account. Valid bank account in good standing is required. However prior derogatory activity on your account may not necessarily disqualify you.
Contact Info. You must have a valid email and phone number.
Age. Applicants must be 18 years or older.
State Residency. You must live in a state where Right Now Loans services are available.
Ways to Recieve the Money
Right Now Loans disburses approved loan funds directly to the borrower’s bank account. Once approved, funds are deposited via ACH transfer and available to the borrower the next business day, depending on approval and bank processing times. This fast transfer option is for urgent needs so borrowers can get the money for immediate expenses.
Products
Right Now Loans offers quick financing to help hard working people with life’s unexpected expenses and emergencies. A Right Now loan has flexible terms based on the borrower’s needs, payment schedule and pay frequency. However, please note that these loans’ APR is high and those are not a long term solution.
Other Personal Loans
Reasons for Loan Refusal
Right Now Loans may decline a loan application for many reasons including insufficient income, high debt to income ratio, poor credit history which means higher risk of default. Other reasons include not meeting the minimum requirements such as age or residency requirements or providing incomplete or inaccurate information during the application process. Applicants from states where Right Now Loans does not operate will be automatically declined due to regulatory restrictions.
How to Repay a Right Now Loans Loan?
To repay a Right Now Loans loan, borrowers set up automatic electronic payments from their bank account according to the loan’s payment schedule. Payments are withdrawn on the due dates so no manual action is required each month. Borrowers can also make extra payments or pay off the loan early with no prepayment penalty. For any changes to the payment schedule or questions about repayment contact Right Now Loans customer service.
OppLoans is a notable financial service provider that offers consumer loans varying from $500 to $4,000. They expedite the funding process to ensure that approved applicants receive the necessary funds promptly, which is advantageous for those dealing with immediate financial concerns. OppLoans offers adaptable repayment conditions, giving customers the choice between 9, 12, and 18-month loan terms. This adaptability allows borrowers to opt for a repayment plan that matches their financial ability, ensuring a seamless and manageable loan journey. 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 stands as a distinguished and enduring lender, offering personal loans that range between $1,500 to $20,000. Boasting a century’s worth of experience in the financial sector, they have garnered the trust of a vast customer base. Their loan terms include fixed rates and fixed payments, offering a predictable and manageable repayment scenario to borrowers. OneMain Financial emphasizes personalized service, ensuring that the distinct needs of each customer are addressed. With a widespread network of approximately 1,400 branches, they provide easy access and convenience for individuals in search of financial aid. 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.Loans like Right Now Loans
OppLoans
Rise Credit
OneMain Financial
Universal Credit
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.