Spotloan
in Payday Loans from Bluechip Financial
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| Loan Amount | $300 - $800 |
| Loan Fee | N/A |
| Minimum Monthly Income | N/A |
Spotloan Review
Spotloan is offered by Bluechip Financial, a direct lender founded in 2012 and based in Belcourt, ND. Spotloan is available in 38 states across the USA.
What are the Spotloan 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 % to 490%.
How much can you borrow from Spotloan?
Loan amounts start at $300 and go up to $800.
What is the maximum loan term you can get with Spotloan?
Spotloan has payday loans with terms ranging from 90 to 300 days.
What do you need to qualify for Spotloan?
Spotloan does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher.Spotloan does not have or does not disclose a minimum annual income eligibility requirement. Spotloan 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 Spotloan 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 are, of course, eligible for the services offered by Spotloan. Permanent resident / green card holders are also eligible to apply.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid personal checking account
- Driver's license
Does Spotloan run credit checks?
Yes, Spotloan will check your credit when you apply for a loan.
What is the estimated funding time for a payday loan via Spotloan?
Spotloan will typically provide a credit approval decision within one minute or less and fund the loan within 1 business day.Does Spotloan report your account activity to credit bureaus?
Yes, Spotloan reports your account activity to the following credit reporting agencies:
- Equifax
- Experian
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.
For more information on payday loans, tribal loans, and their alternatives, read this guide.
Contact
- Headquarters
-
P.O. Box 720
Belcourt, ND 58316
Other Services by Bluechip Financial
Message From Bluechip Financial
Availability
- Alabama
- Alaska
- Arizona
- California
- Colorado
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Michigan
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- North Carolina
- Ohio
- Oklahoma
- Oregon
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Washington
- Wisconsin
- Wyoming
Feature Breakdown
| Checking Account Required | |
| Employment Statuses Considered |
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| Immigration Status Considered |
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| Military Status |
|
| Minimum Age | 18 |
| Supported Income Types |
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| Verification Documents Required |
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