Big Picture Loans Logo

Big Picture Loans review

If you’re searching for a flexible short term loan, take a look at what Big Picture Loans has to offer.

Big Picture Loans formerly operated as Castle Payday.

It is a completely owned and operated entity of the Lac Vieux Desert Band of Lake Superior Chippewa Indians. This tribally-owned lender is registered with the tribe’s reservation in Watersmeet, Michigan. It carries out all its operations on tribal land within the same region.

The geographically isolated tribe aims to stimulate economic growth on the reservation through online lending. As with other industries found within the tribe, the Big Picture Loans online lending platform is a legal enterprise. It allows Americans across the country apply for credit, even those who have a poor credit history.

How borrowing from Big Picture Loans works

Borrowing through Big Picture Loans works in the same basic manner as other financial institutions. To qualify, you have to meet basic eligibility criteria, including being 18 years old or older, having a bank account and earning at least $700 per month.

If Big Picture Loans receives all the required information through your application before 5p.m. CST Monday to Friday, it can verify your details on the same day, and you may be able to receive your approved funds in your bank account electronically by the next business day.

It is important you read the loan contract and make all your payments on time. These payments are predetermined and done in installments, and you cannot renew your loan with Big Picture Loans.

Compare Big Picture Loans to other short term loan providers

Rates last updated August 24th, 2017
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time
LendUp Payday Loans
LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.
$250
7–30 days
Generally receive the money the next business day
CashNetUSA Loan
Apply for short term loans, installment loans or lines of credit in 30 states typically with a day’s turnaround.
Varies by state
Varies by state
1 business day
ACE Cash Express Payday Loans
Quick short term, installment and title loans come with no prepayment penalty and a 72-hour satisfaction guarantee.
Varies by state
Varies by state
Generally receive the money the next business day
Check City Payday Loan
Apply for a fast, secure and confidential payday loan — even with less-than-perfect credit.
Depends on state of residency
Varies by state
Next day
Check into Cash Payday Loan
With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.
$1,000
Varies by state
1–2 business days

Compare up to 4 providers

Rates last updated August 24th, 2017
Unfortunately, none of the short term loan providers currently offer loans in your state. Learn more about short term loans in your state to find an alternative.
Name Product Product Description Maximum Loan Amount Term of Loan Turnaround Time
OppLoans Installment Loans
Get a better installment loan repayment terms up to 36 months, depending on your state.
$4,000
9 to 36 months
1 business day
Slam Dunk Loans
Get approved for a cash loan today with this lender matching service offering short term funding. Availability depends on your state of residence.
$2,500
Varies by lender
As soon as next business day
NetCredit Installment Loan
Build a positive credit history with on-time payments through flexible repayment options that include credit card and money transfer.
$10,000
Varies upon state
1-3 business days
Cash Central Installment Loan
Pay monthly or biweekly over six to 24 months with lower APRs over your typical payday loan.
$5,000
6 to 24 months
Next Business Day

Compare up to 4 providers

Why should you consider taking out a Big Picture Loans loan?

  • Apply with poor credit. You can apply for a loan even if you have poor or bad credit, provided you have a regular source of income.
  • Use online calculator. The Big Picture Loans website gives you access to an online loan calculator. You can use this to see how finance charges add up for different loan amounts. It also provides an example of what your repayment schedule might look like. Use this to find out how much you can afford to borrow.
  • Quick and easy process. Completing the online application takes no more than a few minutes. If you apply during business hours, you a Big Picture Loans representative will call you in as little as 15 minutes, though it may take up to one business day. Once you accept the loan contract, Big Picture Loans disburses the approved funds by the following business day.
  • No prepayment penalties. Big Picture Loans lets you repay the entire loan amount ahead of schedule without charging any prepayment penalties.

Read our tribal lending guide to learn more about borrowing from tribal lenders

How much will it cost you to borrow from Big Picture Loans?

The loan contract you get from Big Picture Loans gives you a clear list of all applicable fees and charges, and their website has a calculator so you can find out how much your loan might cost.

If you make late payments or if payments don’t go through because of non-sufficient funds you’ll have to pay additional fees, as determined by tribal law.

Late rent payment

Sam in field Samantha has recently returned from a trip abroad and hasn’t gotten enough hours at her job. Unfortunately, her rent payment is due, and her normal scholarship money for the semester hasn’t been disbursed yet. She lives in a state where payday loans are illegal, but because she doesn’t have a credit history and needs the money soon, Samantha has no other way to pay her landlord.

She goes online and learns about Big Picture Loans, who she can borrow from because they aren’t governed by US law. The APR is quite high, but Samantha knows that she can work extra shifts to pay down her debt since the payments are done in installments rather than in one large chunk like a traditional payday loan.

Samantha uses the loan calculator and gets results for an initial term of 21 days, assuming she makes all subsequent payments every 14 days. According to this, if she borrows $200, she’ll have to pay a finance charge of around $70. For a loan amount of $500, the finance charge would be around $175.

The application process is relatively easy, and she is approved for funds that are delivered into her bank account the next day.

How can I apply for a payday loan from Big Picture Loans?

You have to visit the Big Picture Loans website to submit your application. Applying requires that you meet these eligibility criteria:

  • You must be a US citizen, a permanent resident or in the US on possess a valid long-term visa
  • You must be at least 18 years old
  • You earn a minimum of $700 per month, through a verifiable source
  • You must have a functional phone number
  • You must have an operational bank account in good standing

To complete the application successfully, you have to provide some basic information:

  • Your name, contact information, Social Security number and date of birth
  • How much you want to borrow and the purpose of the loan
  • Your driver’s license or state ID number
  • Your annual individual income and pay schedule
  • Your employer’s name and contact details

Frequently asked questions

If tribal lenders are legal in your state, then they may report missing or late payments to one of the big three credit bureaus. Always be sure you can repay a loan before signing a contract.

The maximum amount is $1,500, but first time borrowers typically qualify for amounts ranging from $200 to $1,000.

No. Only laws of the Lac Vieux Desert Band of Lake Superior Chippewa Indians govern your loan agreement. This is because sovereign Indian Tribes don’t have to adhere to state laws in the absence of congressional authorization.

Yes, you can view the Lac Vieux Desert Band of Lake Superior Chippewa Indians Tribal Consumer Financial Services Regulatory Code online.

Yes. If you call before 5 p.m CST on the day you apply, you can cancel your loan application.

Are payday loans permitted in your state?

Hover over your state of residence (or click on your state if you’re using a mobile device) to find out if payday loans are legal in your state.

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and our Privacy Policy.

8 Responses

  1. Default Gravatar
    LillianJuly 29, 2017

    Can you apply if you are retired and get paid once a month? And if you borrow $500.00 what is interest?. Is it a monthly pay back or every 2 weeks.

    • Staff
      AnndyJuly 29, 2017Staff

      Hi Lillian,

      Thanks for your question.

      If you are already retired, the lenders on this page may consider you for a loan.

      Kindly review the eligibility criteria and the terms and conditions of the loan before submitting your application.

      Cheers,
      Anndy

  2. Default Gravatar
    LindaJune 16, 2017

    If I already have a loan that needs to be paid, can I apply for another loan 100,I will pay the whole amount in the month of July before my schedule date.

    • Staff
      HaroldJune 26, 2017Staff

      Hi Linda,

      Thank you for your inquiry.

      While you cannot renew your Big Picture Loans personal loan. You may want to check with the other payday loan options with from different lenders here.

      I hope this information has helped.

      Cheers,
      Harold

  3. Default Gravatar
    BillMay 9, 2017

    What is the repayment schedule on a $400 loan?

    • Staff
      HaroldJuly 2, 2017Staff

      Hi Bill,

      Thank you for your inquiry.

      Repayment schedule may vary depending on the lender. It would be nice to coordinate this matter directly with your preferred lender.

      I hope this information has helped.

      Cheers,
      Harold

  4. Default Gravatar
    AllenApril 5, 2017

    Have I been approved and for how much? And when will it it be deposited in my account?

    • Staff
      HaroldJuly 10, 2017Staff

      Hi Allen,

      Thank you for your inquiry.

      While we do not represent any company that we feature on our pages, we can offer you a general advice. The process and the amount approved for your loan may vary depending on the lender. Typically, they deposit the approved amount of your loan to your account. Also, it would be nice to check the details directly with your lender.

      I hope this information has helped.

      Cheers,
      Harold

US Payday Loans Offers

Learn about our information service
Slam Dunk Loans

Get approved for a cash loan today with this lender matching service offering short term funding. Availability depends on your state of residence.

LendUp Payday Loans

LendUp offers $250 loans for first-time borrowers. Good credit is not required. Visit the site to see if available in your state.

Check into Cash Payday Loan

With 1,000 branches in 30 states, get $50 to $1,000 in days from this direct lender.

OppLoans Installment Loans

Get a better installment loan repayment terms up to 36 months, depending on your state.

feedback