Blue Trust Loans
Our Score
8.9
Blue Trust Loans
Our Score
8.9info
LCO P.O. Box 1754 Hayward WI, 54843 USA
1-877-770-2682
Blue Trust Loans
LCO P.O. Box 1754 Hayward WI, 54843 USA
1-877-770-2682
Our Score
8.9info

An installment payday loan company based in Hayward, Wisconsin, Blue Trust Loans offers installment loans with a variety of repayment options. Owned and operated by the Lac Courte Oreilles Lake Superior Band of Chippewa Indians of Wisconsin, a federally-recognized sovereign American Indian tribe.

Loan Details

Below you will find the loan terms and details for Blue Trust Loans:

Company:
Blue Trust Loans
Min Loan Amount:
$100
Max Loan Amount:
$1,250
APR Range:
471% - 841.5%
Loan Term:
6 Months
Approval Time:
60 Minutes
Funding Time:
Next Day
Time in Business
4 years
BBB Rating*:
*The information displayed may not be current. For the most recent information, please visit http://www.bbb.org. This website/application is not sponsored, endorsed, owned by or affiliated with BBB. The BBB API and Icons are used with permission of the Council of Better Business Bureaus, Inc., Copyright 2016, All Rights Reserved.

Benefits

Blue Trust Loans offers two different funding levels for its customers, with maximums of $1,000 for first-time customers and $1,250 for returning customers. Installment loans work on the same principle as payday loans: short-term financial loans with relatively quick repayment deadlines. The primary appeal of these loans stands with the requirements, which are minimal compared to traditional loans offered by banks and credit unions. The stated interest rates range from 471.78% to 841.45% APR.

The repayment periods offered by Blue Trust Loans can include six to 24 regular payments over a six-month period, although the loan terms vary for each application and how often the potential borrower gets paid. Loan balances can also be paid in full at any time without incurring any early payoff fees, a practice encouraged by the company for obvious reasons.

Blue Trust Loans goes out of its way to provide contact information to its customers, providing a general phone number, mailing address, physical address, e-mail address, and an online e-mail form for contacting customer service. Emails to the company get answered quickly—often within an hour—and the company’s general phone number sends callers directly to a customer service representative.

Features

Applying for a loan with Blue Trust Loans is free, but additional origination fees, late fees, or other finance charges might apply later. 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. As such, borrowers would do well to review the agreement thoroughly before signing it.

Blue Trust Loans very clearly state in their Privacy Policy that they can and will share customers’ information with other companies starting 30 days from the date they received the information. They also state that they 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.

Safety

Blue Trust Loans lists it privacy policies on its website and lists how the borrower’s information gets shared. In certain cases, the borrower also has the option to limit how some of the information gets shared, either by visiting the website or by calling 1-877-770-2682. They do not identify the specific security measures used but do state the privacy policy applies to all loans made by the company and all products and services offered in connection with such loans. This could mean a potential borrower will likely receive marketing calls and emails from other companies after applying with Blue Trust Loans.

Requirements/How To Apply

To apply for a loan, the potential borrower needs an active checking account, working phone number, be an 18-year-old U.S. citizen, and has a verifiable source of income. While a credit score is not required, Blue Trust Loans also requires the potential borrower to not have any current bankruptcy cases or intend to file for bankruptcy relief. Loan applications will be reviewed. If a borrower is approved, they will be contacted within the hour to verify information. If everything goes well, the potential borrower will receive a response within five minutes of completing the application.

Summary

Blue Trust Loans provides customers with several reliable ways to reach their customer service department, a solid plus in maintaining proper lender/borrower business relationships. Further details on the loans will be made available after the application has been processed. Blue Trust Loans are also upfront about their privacy policy and clearly state they will share customers’ information with other companies.

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Our score is based off of
loan features, BBB
ratings, and complaint
data for this company.