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Blue Trust Loans is an installment payday loan company that offers loans of up to $2,000 that are repaid over a 6-month period. They are owned and operated by the Lac Courte Oreilles Lake Superior Band of Chippewa Indians of Wisconsin, a federally-recognized sovereign 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).
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Blue Trust Loans offers funding of up to $2,000 for first-time customers and more for returning customers. Installment loans are an alternative to payday loans. Because Blue Trust Loans offers personal installment loans, the repayment terms are 6 months long with anywhere from 6 to 24 payments, depending on how frequently a borrower is paid (monthly, bi-monthly, weekly). The balance can be paid in full at any time without incurring any early payoff fees. The stated interest rates range from 471.78% to 841.45% APR.
Like the online payday loans, applying for online installment loans is quite easy. The loan application consists of three sections and asks applicants for the following information:
While a credit score is not required, 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. During normal business 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 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. They also have an advanced customer service phone number and email address, and a loan processing phone number, fax number, and email address. Emails are answered quickly-often within an hour-and the company's general phone number sends callers directly to a customer service representative. However, it should be noted that getting specific information without having already submitted an application can be difficult.
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Do Not, I repeat Do Not borrow anything from this company.they told me on phone it would be 12 payments of 65 dollars, it ended up being 24. So i paid 1300 for A 350 loan and at the end they called and said I owed 271 and ended up drafting it out when I said I would call later to set up payment arrangements on the 271. This is horrible. DONT DO IT
This is the worst experience ever. I called in to pay off my loan and was told I missed the deadline. Told me I can call in tomorrow after my first payment is pulled ($221.00- $14 goes towards the principal) to pay the balance...smh. lesson learned DO NOT GET A LOAN FROM THEM...HORRIBLE...SHARKS....PREDATORS
This is a horrible company! I borrowed $500 and now with interest it has more than doubled! This is abuse! At no one time was I informed by their agent that this was going to be an extremely HIGH interest loan! BEWARE and don’t do bussiness with this company!
This company is a scam!! i got a $400 dollar loan which only $375 was deposited into my bank! when i saw that they were only putting $5 of the $126 payment towards the loan i called! They said it was in the agreement i signed, which i didnt get in an email until after the loan was processed. They failed to explain that theres a 750 percent interest rate on the loan, By the time the loan is paid off in August i would have given then over $1500 dollars!! It is a rip off and and a scam company! Guarantee i wont be using them ever again!! Dont do it, dont use this company!
Dishonest! Liars! I specifically asked Luanne about the interest rate upon applying for the loan. She never gave me a straight answer, stating the details were forthcoming. Never happened. Ben told me they sent emails with all the details outlined. No emails. He said a document was emailed outlining the interest rates before I signed for the loan. Not true. There should be a class action suit against them so that we all get our money back. Amazing how Better Business Bureau backs them. They will reap what they sow and they will not be in business much longer because of their deception.
They are liars and scam artists. Do not use this company. The percentage rate they charged me was 750%. I got a $200 loan at Christmas time. I called when I thought the loan should be paid and they said the total amount to repay was over $700.
They are liars and scam artist..they are currently under investigation. Don’t use them!
I was in need of cash fast..they charged high interest. I paid two payments of $170 and after that I paid the loan off. It was more then I took the loan out for...don't do it! Find a better place.
They are loan sharks and charge 400% interest on their loans! Crazy! I better not see an inquiry on my credit report. When I declined the loans they proceeded to harass me.
Borrowed $850. Your only paying 15-20 towards the actual loan each pay period. But they are taking 260+. 764% interest is just robbery with no gun. DONT DO IT. Paying over $3000 for a loan is ridiculous.
Got a an emergency loan for 700$ I knew that interests rates are exuberantly (criminally high) Even mafia would give better deal. But I was always going to pay it off within few weeks. So I called to make the payoff (649 dollars). But they don't do same day payoff, and they don't process during the holidays. So my payoff was 749$ cause the payoff would take place 3 days later. . I would have given no star if there was an option for that. Don't do business with the, shit if you need just few hundred bucks I will give it to you or loan it interest free
Worst business to work with. Lies and will not work with you. Avoid them very rude
i have taken out a few loans with this company and at first i was pleased with them,But as of lately i am not the staff is very rude they are not honest.I spoke a rep about maybe taking out a loan in the near future. Well after that call i kept receving call after call on trying to get me to take out a loan..So after countless calls and the promise of a 50.00 gift card in i 48 to 72 business hours lets just say that was 3weeks ago and counting.Every time i call i get a different lie.So after i pay my loan off i dont think i will use this company again not because of the high rates but because of the dishonesty.
Made 3 payments on a 700 dollar loan and decided to pay off my loan. According to the payment charge, my principle balance was 649.00, since they don't do same day payments on a Friday they said my payment won't go through until Monday. By then my principle incurred daily interest and my payoff would be 749.00. These people will not work with you. Definitely not doing business with them again.
This company is a total scam and wont even negotiate with clients in reducing pay off loan. They just love taking away money from your bank and charging huge amount of interest! You feel youre being robbed off and their customer service is useless and supervisors are incompetent ! Way too incompetent! I was trying to pay off my loan one time and they dont offer any discount at all and will drag you to following the payment dates so they can keep stealing money from you for a fraction that you borrowed. Its such a shame! I don't think a business like this wont operate for a while . They're heading to a huge downfall due to a bad business they make . Shame on you, greedy company!!
We are under the state of emergency and called these people to defer a payment for 2 weeks. They said they could not help.i will not never get another loan from the people.
Uses bait and switch tactics. After first time they called me at work I told them not to call my work again, a month and a half later they called me again, and I didn't even have a loan with them. NOT COOL!
Did not read this review .. would have helped me . I too did not receive any documentation on terms. They leaped stating it had been emailed and no mail copy can be sent. Called today and not my balance has not lowered. They lied on their terms and what me to pay double of what they loan me. Very disgusting form of doing business.
They are not upfront with interest rate paid. Told me on phone will repay by June and I haven't to go online to confirm last payment made, turns out I don't finish paying until Aug 2017....I end up paying $2000+ for a $600 loan. Had they told me this I never would have agree. Robbery!!! Should have done my homework first.
Terrible billing and information given. Long story short I took a $300 loan with a $88 interest so all I had to pay back was $388 and they auto charge me. I call to get a refund and they said no and to pay it off I would have to pay $314 and also not get a refund. All in all I payed $407 back for a $300 loan. Terrible.
The interest rates are very high, and this is expected as a bad credit loan service, but they refuse to take an additional payment any time, you must arrange to make the extra payment 3 days before the due date. What kind of a banking company won't take a payment when you have extra money? It's just so they can charge the extra interest between then and the next payment. Predatory lending at its finest right here!
MISINFORMED, MISLED, LIED TO, UNETHICAL, CRIMINAL, INHUMANE WOW ..This is absolutely the CRAZIEST thing I think I've seen anyone OR a COMPANY get away with....Due to Blue Trust Loans being a "Tribal Company" and they are basically "untouchable" due to TRIBAL LENDING LAWS....This IS SOOOOO UNFAIR to the citizens that fall for this outrageous, absurd contract they have with a pay back interest of up to 4 or 5 times the loan amount...What kind of person in their "right mind" would actually agree to this..??? well...I did..and I didn't even think anything like this was even POSSIBLE.. WOW .....I was completely MISINFORMED by this company..Not getting another penny from me....Horrible people
Over 700 percent interest on 500.00!!!!!!!!! The mafia has a better deal!!!!! This is just robbery pure and simple.
You pay triple the money back. What a rippoff.
THEY JUST SIMPLY SUCK, THEY HAVE SO MANY HIDDEN FEES.
I borrowed 400 and they want me to pay back over a thousand. I did not agree to this because If I knew it was going to be like this I would have never took out the loan .
I borrowed $400 from this company and ended up paying them over $1100 within a 6 month period and they are still harrassing me saying I still owe anther $98...really???
Blue Trust Loans has an alert notification with the BBB. Agreed to a $500.00 loan. Never received any documents or paperwork with any details. Paid back three payments of $263.00 for a total of $784.01 which included a reasonable and substantial amount of interest. They I claimed to agree to make 6 payments of $263.00 which would total $ 1578.00. Why would any person in their right mind agree to pay $1078.00 in interest? This company is not on the up and up and is price gouging interest rates which I consider unlawful. Be aware if you decide to deal with this company.
Don't use this loan company they will rip you off
Do NOT use this compamy!!! I borrowed $600.00 and paid a first payment of 347.00, a second payment of $600.00. And they still took a third payment of $321.00!! Therefore I paid back $1268.00 for a three month term loan!!!!!!!!!!!!!!! They told me this was perfectly legal, but I have to wonder. Is 1000% interest legal anywhere???
Worst loan ever, the amount of interest you pay is so height beaver get a lone from this company I wish I would have listen to someone
After listening to the rep. go on and on and eventually making a decision based on the info she spewed, I found out this company is not legit. I ended up stopping payment on the debt and speaking to my attorney. I never received any copies of the documents I signed nor did they ever advise me they were doing business under two or three DIFFERENT names...then after speaking with one of my bosses who worked with the Attorney General's office in my state, looks like this company IS NOT EVEN LICENSED TO do business in Jersey. I would have never accepted the offer had I known any of this...I researched for hours before I decided this company made the most sense, but, about a day or so later, little things started to nag me about this company, the first being the different names...the lack of reply to my emails, which I took directly off their alleged website.
Never again will I do this I borrowed 475 and have paid over 800 dollars they are rip offs they say I still owe 353 Don't do it it's terrible they need to be shut down there ripping people off and getting away with it
Do not use this BlueTrustLoans. You will end up paying over 200% interest if you use they're payoff schedule. Straight up robbery..
I spoke with a rep over the phone trying to get a very small amount of funds asking if they do hard pulls or soft pulls. The rep assured me no credit check is done because too many credit checks decreases the credit score. I didn't want that to happen. So after giving the rep all of my personal infor. He placed me on hold for 2 mins only to find out I was not approved. Which makes me wonder if a credit check was performed. And the fact is I know why I wasn't approve and its not because I don't pay my bills because they are paid all time. I am further investigating this company with my attorney. I Just hope the rep was true and didn't lie. Otherwise, further action will be taken.
Stop---------Stop don't do it you will pay back over 300.00 more than what you borrowed this is a rip off company. Zip 19.com once again went out of business and left their customers high and dry and then sent us to this bad company . Trust me when I say you will never get out of dept with this company Signed very disappointed