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Blue Trust Loans

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122 User Reviews


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LAST UPDATED: October 25th, 2021

Blue Trust Loans is an installment loan company that offers a payday loan alternative of up to $3,000 cash, repaid over a six-month period. It is owned and operated by the Lac Courte Oreilles Lake Superior Band of Chippewa Indians of Wisconsin, a federally-recognized sovereign government American Indian tribe.

Although the tribe claims sovereign immunity to state laws, customers claiming predatory lending can still contact the Consumer Financial Protection Bureau (see below).


Attention: In 2014, a US District Judge ruled that the FTC has the authority to regulate certain arms of Indian Tribes, including payday loan companies operating under Tribal Law.

If you feel that you have fallen victim to a predatory lender, even one claiming Indian tribal affiliation, we advise you to file a complaint with the Consumer Financial Protection Bureau.

Continue reading for pros and cons and Blue Trust Loans reviews from real customers.


The Good

Repayment Terms

Blue Trust Loans offers funding of up to $3,000. Because Blue Trust Loans offers personal installment loans, the repayment terms are six months long with anywhere from 6 to 24 payments, depending on how frequently a borrower is paid (monthly, bi-monthly, weekly).

The borrower can pay off the balance in full at any time without incurring any early payoff fees. The stated interest rates range from 471.78 percent to 841.45 percent APR, which is much higher than other installment loan lenders.

Like online payday loans, applying for online installment loans is quite easy. The application process consists of three sections and asks applicants for the following information:

  • Personal information — name, social security number, email address, birth date, phone number(s), address, requested loan amount
  • Source of income information — employer name and number, how often and how paychecks are received, net amount per paycheck, dates for the next two paydays
  • Bank account information — account type, routing number, account number

No Credit Score Required

While a credit check is not required to be approved for a loan, Blue Trust Loans does ask if an applicant has or is planning to file for bankruptcy and will not issue loans to debtors in current or soon-to-be-filed bankruptcy cases.

However, because there is no credit check, a Blue Trust Loan can be a good option for those with damaged or bad credit, or even no credit history at all.

Club Blue Rewards

Blue Trust Loans has an installment loans loyalty program, Club Blue, that rewards you for making on-time payments and paying your loan in full. There are four rewards tiers, offering borrowers bigger loans, longer terms, and better rates:

  • Blue tier — loans up to $1,850 with up to 270 days to repay
  • Silver tier — loans up to $2,500 with up to 270 days to repay
  • Gold tier — loans up to $2,750 with up to 300 days to repay
  • Platinum tier — loans up to $3,000 with up to 300 days to repay

You can become a member of Club Blue when you apply for a loan, and you can easily progress through the rewards tiers by paying your loan in full with no late payments and returning to Blue Trust Loans if you need to borrow money in the future.

It is important to note that not all customers will qualify for the maximum loan amount, and some borrowers may not qualify at all.

Customer Service 

During normal business day hours, a representative will contact an applicant within an hour after the application is completed (sometimes even within a few minutes) to verify the information, and loan approval can be received at that time. The cash loan can be deposited into a checking account as soon as the next business day.

Blue Trust Loans provides a general phone number, mailing address, physical address, email address, and an online email form for contacting customer service. The company also has an advanced customer service phone number and email address, and a loan processing phone number, fax number, and email address.

Emails are answered quickly and the company's general phone number sends callers directly to a customer service representative. However, it should be noted that getting specific information on the company's short-term loans without having already submitted a loan application can be difficult.


The Bad

Lack of Transparency

Although Blue Trust Loans does provide some information about their interest rates and fees, the financial responsibilities of the borrower is not clearly stated on the company's website.

High Rates

Blue Trust Loans' rates are much higher than you might see elsewhere: 471.7864 percent to 841.4532 percent APR.

Because Blue Trust Loans specializes in short-term installment loans, meaning that you will pay off your loan much sooner (generally in no more than 300 days) than would be expected with a traditional personal loan lender where loan terms can range up to five years or more, Blue Trust Loans' rates are much than other lenders.


The loan application is free to fill out, but it is uncertain whether or not there are additional origination fees, late fees, or other finance charges.

How interest rates are applied to a loan is unclear, but because payments are stretched out over six months, borrowers will almost certainly end up paying a large amount of money in interest on the short-term loan.

Blue Trust loans states that all of the specific terms of a loan, including any additional fees, will be set forth in the loan agreement, and borrowers are highly encouraged to review the loan agreement thoroughly before signing it.

Company Shares Customer Information

Blue Trust Loans very clearly states in its Privacy Policy that it can and will share customers' information with other companies starting 30 days from the date the information is received. However, reasoning for doing so is unclear.

The lender also states that it will continue to share customers' information even after they are no longer customers of Blue Trust Loans. There is a phone number borrowers can call to limit what information is shared and how, but they can limit only certain types of sharing.

While the transparent disclosure is admirable, customers should be aware that they will most likely receive marketing calls and emails from other online lenders after applying with Blue Trust Loans.

There are several other loan lenders with similar names or website addresses, such as Blue Trust Loans at and Blue Trust Loans Reviews at Customers should be sure to reach the correct company for the best service.

Negative Customer Reviews

Although Blue Trust Loans reviews are currently limited, the majority of customers give the company 1-star. Common complaints from customers include paying much more than the amount they borrowed, as well as difficulties communicating with customer service.


The Bottom Line

For those looking for a small personal loan with a short loan term, Blue Trust Loans is a good option. However, you should keep in mind that loans have a high interest rate, much higher than other personal loan lenders. 

Although Blue Trust Loans provides customers with several reliable ways to reach its customer service department, it does not appear to be completely upfront about what customers pay for interest rates and fees until a borrower has completed an application.

Additionally, the Blue Trust Loans' privacy policy clearly states that it will share customers' information with other companies, even after a customer's account has been closed.

It is also important to note that the company suffers from numerous complaints and allegations of predatory lending practices.

We do not recommend applying for short-term loans with this direct lender at this time.

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