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big picture loans review

Unveiling the Truth: The Ultimate Big Picture Loans Review

big picture loans review

Introduction

Big Picture Loans is a popular online lender that offers personal loans to individuals across the United States. With a simple online application process and fast funding, they have become a go-to choice for many borrowers in need of financial assistance. In this article, we will take an in-depth look at Big Picture Loans by providing a comprehensive review of their services, application process, loan terms, and more. If you are considering taking out a loan from Big Picture Loans, this article is for you.

What is Big Picture Loans?

The Basics

Big Picture Loans is a tribal-owned online lender that offers personal loans to individuals in need. They operate under the sovereign authority of the Lac Vieux Desert Band of Lake Superior Chippewa Indians, giving them the ability to issue loans regardless of the borrower's state of residence. This means that even if your state has strict regulations on lending, you can still apply for a loan with Big Picture Loans.

The lender offers personal installment loans that allow borrowers to repay the loan in fixed monthly payments. These loans can be used for a variety of purposes, such as home repairs, car payments, medical expenses, or debt consolidation. The loan amounts range from $200 to $3,500, and the repayment terms can be extended up to 18 months.

Application Process

Easy and Convenient

One of the main advantages of getting a loan from Big Picture Loans is their easy and convenient application process. To apply for a loan, you need to visit their website and fill out a simple online form. You will be asked to provide basic information such as your name, address, income, and employment status. You do not have to submit any physical documents, as the entire process is done online.

Once you have submitted your application, a representative from Big Picture Loans will contact you to verify your information and discuss the loan options available to you. If approved, you can receive the funds in your bank account as soon as the next business day.

Loan Terms

Transparent and Flexible

Big Picture Loans prides itself on offering transparent and flexible loan terms to its customers. They provide a detailed loan agreement that outlines all the terms and conditions of the loan, including the interest rate, fees, and repayment schedule. This allows borrowers to fully understand the cost of the loan before committing to it.

The interest rates for Big Picture Loans can vary depending on several factors such as the borrower's credit score, income, and loan amount. However, the APR typically ranges between 471.78% to 841.45%, which is high compared to traditional loans but is standard for online tribal lenders.

Additionally, Big Picture Loans offers flexible repayment options, allowing borrowers to repay the loan in fixed monthly payments or pay it off early without any prepayment penalties.

Customer Service

Helpful and Responsive

One of the most valuable resources that Big Picture Loans offers to its customers is their customer service. Their representatives are helpful, responsive, and available to assist with any questions or concerns. If you have any issues with your loan, you can reach out to them via phone or email and expect a prompt and satisfactory response.

In addition, Big Picture Loans has an FAQ section on their website that covers common questions about their loans and services. This is a helpful resource for potential and existing customers to find answers quickly.

Pros and Cons

The Good and the Bad

Pros:

- Fast and convenient application process

- Tribal-owned lender with no state restrictions

- Detailed loan agreement with transparent terms and conditions

- Flexible repayment options

- Helpful and responsive customer service

Cons:

- High interest rates compared to traditional loans

- Limited loan amounts (maximum of $3,500)

- Not available in all states

- Potential for loan rollover or refinancing, leading to more interest fees.

Conclusion

Big Picture Loans is a reputable online lender that offers personal installment loans to borrowers across the United States. With a simple application process, transparent loan terms, and responsive customer service, they have become a popular choice for many individuals in need of financial assistance. However, it is essential to consider the high interest rates and potential fees associated with their loans before committing to one. We hope this review has provided valuable insights into Big Picture Loans and helped you make an informed decision about your loan options.

 

 

 
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