Apply for a loan online. The application process is simple,Quick and Secure

Get A Decision

We will tell you right away if you're pre-approved for a certain amount - choose how much you want.

Get Your Cash

Receive your cash instantly. You can also get it same day via direct deposit within the next business day.

big picture loans reviews bbb

Uncovering the Truth: BBB Reviews of Big Picture Loans

big picture loans reviews bbb


Big Picture Loans is one of the most well-known tribal lending companies in the United States. It offers small-dollar personal loans to people in need of quick cash. With its easy online application process and quick turnaround time, the company has gained immense popularity. However, before applying for a loan, it is essential to review the company and its services. In this article, we will review Big Picture Loans, focusing on its reviews on the Better Business Bureau (BBB) website.

The Basics of Big Picture Loans

Big Picture Loans is a tribal lending company owned by the Lac Vieux Desert Band of Lake Superior Chippewa Indians. It is based in Watersmeet, Michigan, and is a sovereign entity, which means it operates under its own laws and regulations. The company offers personal loans from $200 to $3,500, with repayment terms ranging from 6 months to 24 months. It claims to provide a convenient and secure way for people to get the funds they need quickly, without having to go through a traditional bank or credit union.

BBB Ratings and Reviews

The BBB is a nonprofit organization that collects and reports information on business reliability, performance, and consumer complaints. It has been in operation for over 100 years and has accredited businesses in the US and Canada. The BBB rates companies on a scale of A+ to F, taking into account customer complaints, response to those complaints, and other relevant information.

Big Picture Loans has been accredited by the BBB since 2013 and currently has an A+ rating, the highest possible rating. According to the BBB website, the company has had only six complaints in the last three years, all of which have been resolved. This is an impressive achievement, considering the number of loan applications Big Picture Loans receives on a daily basis.

Pros of Big Picture Loans

Some of the pros of applying for a loan through Big Picture Loans are:

1. Quick and Easy Application Process: The application process for Big Picture Loans is entirely online, and it only takes a few minutes to complete. The company does not require any paperwork or collateral, making it a convenient option for those in urgent need of funds.

2. Competitive Interest Rates: Big Picture Loans offers competitive interest rates compared to other tribal lending companies, making it a more reasonable option for borrowers.

3. Flexibility in Repayment Terms: Borrowers have the option to choose repayment terms ranging from 6 months to 24 months, depending on the loan amount. This flexibility allows borrowers to plan their finances better and repay the loan on their terms.

Cons of Big Picture Loans

Some of the cons of applying for a loan through Big Picture Loans are:

1. Limited Availability: Big Picture Loans' services are not available in all states. It is only available in 35 states, limiting its reach to a significant number of potential borrowers.

2. Higher APRs: The company's APRs can be higher compared to traditional lenders, which can translate to a higher overall cost of borrowing.

Closing Thoughts

Big Picture Loans has a solid reputation on the BBB website, with an A+ rating and a low number of complaints. It offers quick and easy access to funds, making it a convenient option for those in need of small-dollar loans. However, like any other lending company, it is essential to carefully review the terms and conditions and ensure that the loan is within your means to repay. Overall, Big Picture Loans can be a reliable option for those in need of quick cash, but it is always wise to consider all available options before making a borrowing decision.



Relate Post
IMPORTANT: The Operator of this website is not a lender, financial institution, loan broker or an agent of a lender or loan broker and does not make any credit decisions. This service, which connects consumers with eligible third party lenders, is free to consumers. This service does, however, receive payment from lenders for referring lead data to them. Although multiple factors dictate the order in which lenders have the opportunity to purchase a lead, the highest bidding lender will most often get the opportunity. Lenders may perform credit checks through any credit reporting bureau and may also verify the information that you provide on this form including social security number, address, phone number, employment history, bank account information etc. Information may be shared with non-lenders or other intermediary service providers (like us) to help you connect with a lender. This service works with many different kinds of lending partners, including tribal lending institutions. Federally recognized Indian tribes are independent sovereign nations and their wholly owned entities are generally not required to follow state and local laws regarding rates, fees and other loan related conditions. However, Indian tribes and their wholly owned entities are required to follow some applicable federal laws. If you are connected with a tribal entity, be sure to check their rates as they may carry higher interest rates when compared to state-licensed lenders. The Truth in Lending Act requires lenders to disclose rates, fees and other important conditions of a loan. After checking the terms, make a determination of whether or not you can afford the payments. We earnestly encourage you to reject any offer that is not within your financial means. Short-term, small-dollar loans are not a long term solution to financial hardship. You may also consider seeking professional advice regarding your financial circumstances and alternatives to loan products. Late payments of loans may result in additional fees or collection activities, or both. Each lender has its own terms and conditions. Please familiarize yourself with your lender<92>s policies for further information. Additionally, failure to repay your loan may carry nonpayment penalties and collection activities. Please review nonpayment terms with your lender directly. Every lender has a different renewal policy please review your particular lender<92>s renewal policy for more information. State Availability: Lenders that participate in the services provided by this website do not offer loans in every state. If you are from a state that the lenders do not service, you will not be able to be connected to a lender. Our service does not constitute an offer or solicitation for any loan products that are prohibited by state law. Additionally, this is not a solicitation for any particular loan and is not a loan offer.