Big Picture Loans

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 are available in 50 states (and Washington, DC).

Big Picture Loans FAQ

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?

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.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Big Picture Loans.

Is Big Picture Loans a legit company?

Big Picture Loans was founded in 2012, it is a well-established company that has been in business for 11 years. Big Picture Loans are strongly not recommended by SuperMoney community users.

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 days.

Does Big Picture Loans report your account activity to credit bureaus?

Yes, Big Picture Loans reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

Is Big Picture Loans a legit company?

Big Picture Loans was founded in 2012, it is a well-established company that has been in business for 11 years. Big Picture Loans are strongly not recommended by SuperMoney community users.

For more information on payday loans, tribal loans, and their alternatives, read this guide.