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Blue Trust Loans Installment Loans review

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This tribal lender could be the answer to short-term financing needs.

Blue Trust Loans is an alternative to payday loans. It offers online installment loans with fast turnaround times that you can pay over a fixed repayment schedule, rather than in one lump sum. But unlike other short-term loans, Blue Trust Loans doesn’t answer to state usury caps. This means your interest could be much higher than expected, costing you hundreds of dollars more than you borrow.

State Availability

Blue Trust Loans doesn’t offer loans in Arkansas, Connecticut, Georgia, Massachusetts, Minnesota, New York, Pennsylvania, Virginia, Vermont, Washington, Wisconsin or West Virginia. If you live in one of those states, you’ll want to look elsewhere for an installment loan.

$100

Min. Amount

$2,500

Max. Amount

As soon as next business day

Turnaround time

Details

Product NameBlue Trust Loans Installment Loans
Min. Amount$100
Max. Amount$2,500
Loan TermUp to 9 months
Loan SecurityUnsecured
Turnaround TimeAs soon as next business day
RequirementsMust be at least 18 years old and have a verifiable source of income with direct deposit into your checking account.
Go to BlueTrustLoans.com's website

What is Blue Trust Loans?

Blue Trust Loans is a tribal lender solely owned and operated by the Lac Courte Oreilles Band of Lake Superior Chippewa Indians. It offers installment loans between $100 to $2,500, but first-time borrowers are limited to a maximum amount of $1,200.

Like all short-term loans, an installment loan from Blue Trust Loans comes with a high APR — anywhere from 471.78% to 841.45%. This amount includes both interest and any origination fees you are required to pay in order to borrow. Your loan term will depend on your pay schedule, but may extend up to six months.

How are tribal lenders different from US-based lenders?

Why should I consider getting a Blue Trust Loans installment loan?

  • Club Blue membership. The Club Blue system allows people who have repaid previous loans to progressively borrow more money at lower rates for longer periods.
  • No prepayment penalties. Blue Trust Loans won’t charge any fees if you decide to pay off your loan balance before the due date.
  • Quick approval. After you apply, you could know about your approval status within a few minutes.
  • Fast turnaround. If your application is approved, you could have up to $2,500 deposited into your bank account as soon as the next business day.
  • Fixed payments. Except for the first and last payments, your payment amount is the same throughout the life of your loan. Your schedule is created based on the interest rate, principal balance and number of payments.

What to watch out for

  • Not available everywhere. If you live in Arkansas, Connecticut, Georgia, Massachusetts, Minnesota, New York, Pennsylvania, Virginia, Vermont, Washington, Wisconsin or West Virginia, you won’t be able to apply for an installment loan through Blue Trust Loans.
  • High APR. Like most short-term loans, an installment loan from Blue Trust Loans comes with a high APR that often results in you paying much more for your loan than you originally borrowed.
  • Limited first-time amount. Because of Blue Trust Loans’ tiered borrowing program, you won’t have access to $2,500 loans until you’ve borrowed multiple times.

How does Blue Trust Loans compare to other online installment loan providers?

Updated September 21st, 2019
Name Product Filter Values Max. Loan Amount Turnaround time Requirements
$35,000
As soon as the next business day
Regular source of income, verifiable bank account, US citizen, ages 18+
Get connected with multiple lenders you might qualify with — even if you have bad credit.
$5,000
1 business day
Direct deposit, meet minimum income requirements
Comes with the option to change your due date so you won’t fall behind on repayments.
$2,600
1 to 2 business days
Active checking account, regular source of income, email address
Get access to tools to help you plan a career move, make some extra cash or search for a better-paying job.
$50,000
Same business day to 1 business days
Must be employed and receive regular income, earn at least $800 a month, have a checking account and be an 18+ years old legal US citizen.
Get a flexible installment loan with fast funding through one easy online application form.
$3,000
1 business day
Checking account, $1,500+ monthly income, recent pay stub, live in eligible state, 18+ years old
Financing with transparent terms to residents of five states.
$15,000
Same business day to 1 business days
$1,000+ monthly income, direct deposit, US citizen or permanent resident, ages 18+
Get offers from potential lenders in minutes by filling out just one online form.
$10,000
As early as 1 business day
$1,000+ monthly income after taxes, valid checking account
Explore its online education center to get tips on budgeting, how to prioritize your bills and more.
Varies by state
1 business day
Regular source of income, bank account, US citizen or permanent resident, ages 18+
Sign up for its discount program to get access to coupons and deals on everything from dining out to tax services.

Compare up to 4 providers

Beware of high interest rates

Installment loans, like all short-term loans, are known for their high interest rates. Many lenders often charge $10 to $15 for every $100 borrowed, resulting in an APR that can be in the hundreds of percent. This means that you may end up paying double, triple or more on the amount you borrow. If you’re facing a difficult financial situation and are unsure of your ability to repay your loan, contact a credit counselor and consider your alternative financing options instead.

Is it safe to apply with Blue Trust Loans?

Yes. Blue Trust Loans is a member of both the Online Lenders Alliance and the Native American Financial Services Association. In addition, Blue Trust Loans’ privacy policy explains that the company can share your collected personal information, which can include your Social Security number, bank account information or credit history. You can even choose to limit some of this sharing by contacting Blue Trust Loans at 1-877-770-2682.

What does the Internet say about Blue Trust Loans?

Blue Trust Loans is not accredited by the Better Business Bureau (BBB) and has received a D rating due to its poor customer reviews and the time it took for Blue Trust Loans to respond to complaints. Many people left 1-star ratings, with the majority of former borrowers stating they had problems closing out their loan. Others were mortified by the high interest Blue Trust Loans charged. Unfortunately, this is to be expected with most short-term lenders that work with borrowers who have poor credit. Carefully review your contract so that you fully understand the payoff process and the amount you will have to pay on your loan.

Am I eligible?

  • You must have a verifiable source of income and open checking account.
  • You must be at least 18 years old.
  • You must be a US citizen or permanent resident.
  • You must not be involved in a bankruptcy case.

How do I apply?

In order to apply for a loan through Blue Trust Loans, you will need to supply

  • Your name, birth date and Social Security number
  • Your contact information
  • Your employment and income information
  • Your bank account information

You can apply one of two ways.

  1. To apply online. Click Go to site to be directed to Blue Trust Loans’s application form to complete the required information.
  2. To apply over the phone. Call 1-877-770-2682 to speak with a Blue Trust Loans representative.

I got an installment loan. Now what?

Your payment are usually due on your paydates, with typical terms lasting six months. This means if you’re paid weekly, you will have 24 loan payments. If you’re paid biweekly, you will have 12 payments. And if you’re paid monthly, your loan will have six payments.

Be sure to budget for these payments. A missed or late payment could not only incur fees but may also cause a dip in your credit score, should Blue Trust Loans choose to report it. If you’re having trouble making payments, don’t hesitate to contact them at 1-877-770-2682 to discuss alternative options.

Are short-term loans permitted in my state?

Bottom line

Blue Trust Loans is a good option when you need a large amount of money quickly. However, the high costs associated with borrowing could put you in a worse situation if you aren’t careful. Always budget to make sure you can afford your payments, and don’t forget to compare other online installment loan options before you borrow.

Frequently asked questions

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66 Comments

  1. Default Gravatar
    Michelle
    March 29, 2019

    I took a small loan out for only $375. I have had the loan only about a week. I called customer service and asked how much it would be to pay off the whole thing before the first scheduled pay date. I was quoted $467 to pay it in full. Is this legit?

    • AvatarStaff
      Joshua
      April 2, 2019

      Hi Michelle,

      Thanks for getting in touch with Finder. I’m sorry to hear about the problem you are having.

      Upon checking, Blue Trust doesn’t charge prepayment penalties. For this reason, the excess amount of money that you have to pay could be due to the total interest rate.

      For more information, it would be a good idea to directly ask Blue Trust for a breakdown of your balance. This would help clear up things and ensure you understand what you are paying. You may also want to review the terms and conditions of your loan to learn more.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  2. Default Gravatar
    Grace
    October 1, 2018

    you are really a good webmaster. The web site loading pace is amazing.
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  3. Default Gravatar
    Sc
    November 2, 2017

    Hi I really really need to find a loan because my rent is overdue and I’m not getting paid until 2 weeks from now, but I like in my. Any suggestions?

    • Default Gravatar
      Arnold
      November 3, 2017

      Hi Sc,

      Thanks for your inquiry

      I understand how these circumstances come up once in a while. I would suggest checking out short-term payday loans. Loan terms are usually 7-30 days. This will give you enough time to pay your rent and the loan.

      Hope this information helps

      Cheers,
      Arnold

  4. Default Gravatar
    Latoya
    October 18, 2017

    Good answеr back, in return of this question with real arguments and deѕcribing everything about that.

  5. Default Gravatar
    Sharon
    July 16, 2017

    Do yu lend in CT?

    • AvatarStaff
      Harold
      July 16, 2017

      Hi Sharon,

      Thank you for your inquiry.

      Should you need a loan options in Connecticut you may want to consider the lenders here.

      I hope this information has helped.

      Cheers,
      Harold

  6. Default Gravatar
    Adassa
    July 4, 2017

    do you do loans in new York

    • AvatarStaff
      Anndy
      July 4, 2017

      Hi Adassa,

      Thanks for your question.

      Yes, Blue Trust Loans is available in New York.

      You may also check this page to compare your other options.

      Cheers,
      Anndy

  7. Default Gravatar
    Ricardo
    June 26, 2017

    I don’t have a bank account but I get my checks direct deposit into my prepaid card accpunt thru pls check cashers..

    • AvatarStaff
      Harold
      June 27, 2017

      Hi Ricardo,

      Thank you for your inquiry.

      Checking account is required, while you may not be eligible for Blue Trust Loan. You may want to consider the options for prepaid debit card payday loan.

      I hope this information has helped.

      Cheers,
      Harold

  8. Default Gravatar
    James
    June 26, 2017

    I have a prepaid card in all my checks are direct deposit to that card which is checking with the account# and routing# can I used that card?

    • AvatarStaff
      Harold
      June 26, 2017

      Hi James,

      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. It would be always nice to coordinate with your preferred lender to discuss what are the cards they usually allow for this loan. Typically, to apply for a Blue Trust Loans Installment Loan, you need to have an open and operating checking account.

      I hope this information has helped.

      Cheers,
      Harold

  9. Default Gravatar
    Stacey
    June 20, 2017

    Can I use my debit card to get the loan

    • AvatarStaff
      Anndy
      June 20, 2017

      Hi Stacey,

      Thanks for your question.

      To apply for a Blue Trust Loans Installment Loan, you need to have an open and operating checking account.

      Alternatively, you may compare prepaid debit card loans here.

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

      Cheers,
      Anndy

  10. Default Gravatar
    Diane
    June 20, 2017

    If I get the loan from you do you out the money into my account all I need is $500.00 so how much will I pay a month. Do you put the money into my account today?

    • AvatarStaff
      Anndy
      June 20, 2017

      Hi Diane,

      Thanks for your question.

      With Blue Trust Loans, once your application is approved, they will deposit the money into your bank account as soon as the next business day.

      Unfortunately, we cannot determine how much your monthly payment will be. It would be best to directly get in touch with Blue Trust Loans to get a quote.

      Cheers,
      Anndy

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