Big Picture Loans
in Payday Loans from Big Picture LoansUnaffiliated
Big Picture LoansUnaffiliated
in Payday Loans from Big Picture Loans
Strongly not recommended
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Big Picture Loans Review
Big Picture Loans is offered by Big Picture Loans, a direct lender founded in 2012 and based in Watersmeet, MI. Big Picture Loans is offered in 50 states (and Washington, DC).
What are the Big Picture Loans rates & fees?
These loans are meant as a short-term source of credit but if you calculate the annualized percentage rate of those fees you get rates ranging from 780.93% to 780.93%.
How much can you borrow from Big Picture Loans?
Loan amounts start at $200 and go up to $1,000.
What do you need to qualify for Big Picture Loans?
Applicants with a credit score of at least 300 and up to 640 are eligible for Big Picture Loans.
To qualify for payday loans with Big Picture Loans, applicants need a minimum annual income of $8,400 or higher. Big Picture Loans will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the Big Picture Loans product fall outside of the MLA limits and as a result the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.
Does Big Picture Loans run credit checks?
No, Big Picture Loans will not run your credit with the three national credit reporting agencies (Equifax, Experian, and TransUnion). However, they may look at other databases to check your payment history.
What is the estimated funding time for a payday loan via Big Picture Loans?
Big Picture Loans will typically provide a credit approval decision in less than an hour and fund the loan within 3 business day .
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|Minimum Monthly Income||$700|
|No Other Outstanding Loans|
|Credit Score Range||
300 - 640
|Minimum Annual Income||$8,400|
|Employment Statuses Considered||
|Supported Income Types||
|Funding Time Range (in days)||1 - 3|
|No Credit Check|
|Loan Amount||$200 - $1K|