- Home
- Post Lake Lending
Lender
Rating by Finanso®
i
The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.
0.0
(Leave feedback)
Advertiser Disclosure
- About
- Coupons
More
Konstantin Tochonyi - CEO Finanso®
We have developed for you a convenient company page for Post Lake Lending in the US. Here you can learn more about the company, get acquainted with its credit products, read the rules for the provision of services, watch video instructions, read customer reviews and leave your own one. Pay attention to our bonus system.
Konstantin Tochonyi - CEO Finanso®
Finanso believes everyone should be able to make financial decisions with confidence. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free.
The exclusive right to Post Lake Lending trademarks of third parties, including financial organizations, depicted on Finanso® belongs to their copyright holders in accordance with publications in the open registers of authorized bodies. Trademarks of third parties depicted on finanso.com, are indicated for informational purposes only.
About Company
Post Lake Lending distinguishes itself as an option for those seeking an alternative to payday loans, providing funds immediately with flexible repayment options. The company employs a straightforward online application process that involves verifying applicants' credit information through national databases. Typically funded by Automated Clearing House (ACH) transfers, loans are available the next business day, contingent on various factors.
Operating as a Native American business within federal and tribal laws, Post Lake Lending emphasizes compliance with consumer financial protection regulations. While installment loans cater to short-term borrowing needs, it is noteworthy that their credit products may not be accessible in specific states, such as Alabama, Arkansas, Connecticut, and others. The company prioritizes transparency by cautioning borrowers about the potential costs associated with borrowing and encourages prompt repayment to minimize expenses, without imposing prepayment penalties. As with any financial decision, prospective borrowers are advised to carefully consider the terms and conditions and note that availability may vary by state.
Key Features
-
Flexible Repayment Options. Post Lake Lending loan agreement provides borrowers with flexible repayment options, allowing them to tailor their repayment schedules according to their financial circumstances.
-
Online Application Process. The company streamlines the loan application process by enabling applicants to complete it online. This includes verification of credit information through national databases.
-
ACH Fund Transfers. Loans from Post Lake Lending are typically funded through Automated Clearing House (ACH) transfers, offering a swift and electronic crediting process. Funds are often available as soon as the next business day.
-
Native American Business. Operating within federal and tribal laws, Post Lake Lending is a Native American business owned and operated by a federally recognized sovereign Indian nation. This underscores the company's commitment to legal compliance and adherence to consumer financial protection regulations.
-
Short-Term Borrowing. Post Lake Lending's installment loans are designed to meet short-term borrowing needs, providing a solution for those seeking immediate financial assistance.
-
No Prepayment Penalties. The company distinguishes itself by not imposing prepayment penalties on partial or complete repayments. This encourages borrowers to repay their loans promptly, reducing overall borrowing costs.
-
State-Specific Availability. Post Lake Lending's credit products may not be available to residents of all states. Prospective borrowers should be aware of the current state availability, as it may change without notice. As of now, residents of specific states, including Alabama, Arkansas, Connecticut, and others, are ineligible for loans from Post Lake Lending.
Pros and Cons
Pros
Credit Score Independence. Unlike traditional lenders that heavily weigh bad credit scores, Post Lake Lending places less emphasis on this factor when determining eligibility. Instead, the company focuses on the applicant's ability to repay and other relevant information.
Transparent Cost Structure. Post Lake Lending is transparent about the potential costs associated with borrowing. Borrowers are informed that this form of lending can be expensive, promoting informed financial decision-making.
Prompt Repayment Encouragement. The company actively encourages prompt repayment of loans. While it benefits borrowers by reducing overall borrowing costs, it also aligns with the company's commitment to responsible lending practices.
No Discrimination Based on Credit Score. Post Lake Lending's lending standards are not solely dictated by credit scores. This approach may provide opportunities for individuals with less-than-perfect credit histories to access financial assistance.
Cons
Limited State Availability. Post Lake Lending's credit products are not accessible to residents of all states. Prospective borrowers need to be aware that availability is subject to change, and residents of specific states, such as Alabama, Arkansas, Connecticut, and others, are currently ineligible for loans from the company.
Short-Term Financial Solution. While Post Lake Lending's installment loans cater to short-term borrowing needs, they may not be suitable for those seeking long-term financial solutions. Borrowers should carefully consider their financial circumstances and the intended purpose of the loan before engaging with the company.
Potentially Expensive Borrowing. The company acknowledges that its form of borrowing can be expensive. Borrowers should be cautious about the potential interest rate and fees associated with the loans and consider alternative financing options that may offer more favorable terms.
Dependency on ACH Transfers. Post Lake Lending typically funds loans through Automated Clearing House (ACH) transfers, which may be subject to unavoidable delays. Factors such as bank holidays, individual bank processing schedules, and unforeseen errors can affect the timing of fund disbursement.
Not Ideal for Long-Term Solutions. Post Lake Lending's services are explicitly designed for short-term borrowing needs. Individuals seeking long-term financial solutions or larger loan amounts may need to explore alternative lending options that better align with their requirements.
Reliability
The reliability of Post Lake Lending is reflected in the testimonials of its customers, with an overall rating of 4.3 out of 5 based on 2,118 reviews on Trustpilot. This positive feedback suggests a generally favorable customer experience, highlighting the company's ability to meet the needs and expectations of a substantial number of clients. While customer reviews provide valuable insights into the reliability of a company, it is advisable for potential customers to consider a range of factors, including individual financial circumstances and preferences, before making informed decisions about engaging with Post Lake Lending.
How to apply for a Post Lake Lending loan?
Apply for a Loan
-
Initiate Online Application. Click the "GET STARTED" button on the website to fill out a quick and simple online application, providing only the necessary information for eligibility determination.
-
Fast Approval. Discover promptly if you qualify for a loan through a streamlined approval process, ensuring a swift response to your application.
-
Funding Fast. Upon approval, funds may be available as soon as the next business day, offering a speedy solution to efficiently address your financial needs.
Conditions and Requirements
Conditions
-
State-Specific Eligibility. Post Lake Lending's loan products may not be accessible to residents of all states, and eligibility is subject to change. Prospective borrowers should verify whether the services are available in their state before applying.
-
Short-Term Focus. The installment loans offered by Post Lake Lending are explicitly designed for short-term borrowing needs. Individuals seeking long-term financial solutions may need to explore alternative lending options that better align with their requirements.
-
Potential for Expensive Borrowing. Post Lake Lending acknowledges the potentially high costs associated with their form of borrowing. Borrowers should carefully consider the overall expense and explore alternative financing options for more favorable terms.
-
Dependence on ACH Transfers. The funding process relies on Automated Clearing House (ACH) transfers, which may be subject to delays due to factors such as bank holidays, processing schedules, and unforeseen errors. Borrowers should be aware of the potential impact on the timing of fund disbursement.
-
Limited Availability in Certain States. Residents of specific states, including Alabama, Arkansas, Connecticut, and others, are currently ineligible for loans from Post Lake Lending. Prospective borrowers should be mindful of state-specific restrictions and availability that may affect their ability to access the company's services.
Requirements
-
Age. Applicants are typically required to be at least 18 years old to be eligible for a loan.
-
Income Verification. Post Lake Lending may assess an applicant's ability to repay by verifying income. Proof of stable income, such as employment or other sources, may be necessary.
-
Bank Checking Account. A valid and active bank account is often a requirement for the electronic transfer of funds, usually facilitated through Automated Clearing House (ACH) transfers.
-
Contact Information. Applicants will need to provide accurate contact information, including a valid email address and phone number.
-
Residency. Borrowers may need to be residents of states where Post Lake Lending operates, and availability may vary by location. Applicants should check the company's website for the most up-to-date information on state-specific eligibility.
-
Online Application. The application process is typically conducted online, so access to the internet and the ability to complete the application electronically is essential.
Ways to receive the money
-
Direct Deposit to Bank Account. The most common method is the direct deposit of funds into the borrower's bank account. This process involves an ACH transfer, providing a quick and secure way for borrowers to access the approved loan amount.
-
Next Business Day Availability. Upon approval, funds are often made available as soon as the next business day. However, the exact timing may be influenced by factors such as bank holidays, individual bank processing schedules, and any unforeseen delays.
-
Electronic Crediting. The loan amount is electronically credited to the bank account provided during the application process. This electronic transfer ensures a seamless and efficient disbursement of funds.
Products
The company primarily provides installment loans, allowing customers to access funds with flexibility in repayment options. The application process is conducted online, streamlining the experience for borrowers. Funds are typically disbursed through Automated Clearing House (ACH) transfers, making them available as soon as the next business day. It's important for potential borrowers to be aware of the company's lending standards, which consider factors beyond credit scores when determining eligibility. While installment loans can be a convenient solution for immediate financial requirements, individuals should carefully review the terms and conditions to make informed decisions about their borrowing needs.
Other Loans
-
Discover the Best Personal Loans Available Online
-
Your Guide to Loans with Bad Credit
-
Understanding No-Credit Loans: How Do They Work?
-
Understanding Starter Loans: A Guide for Beginners
-
Unlocking the Mysteries of First-Time Loans
-
Understanding the Power of a Line of Credit
-
Easy and Quick Online Loans Applications
-
Your Comprehensive Online Line of Credit Resource
Alternatives
Spotloan
Apply for a Loan
Spotloan is a lending institution offering installment loans, allowing borrowers to gradually pay down the balance with each on-time payment. Loan amounts range from $300 to $1500, with new and repeat borrowers qualifying for up to $800 and preferred borrowers with 10 or more loans eligible for up to $1500. Established in 2012, Spotloan is owned by BlueChip Financial, a tribally-owned entity governed by the Turtle Mountain Band of Chippewa Indians of North Dakota, one of the largest federally recognized Indian Tribes in the United States.
Big Picture Loans
Apply for a Loan
Big Picture Loans operates as a reputable lending institution and a wholly owned subsidiary of Tribal Economic Development Holdings, LLC. Serving as an economic arm and instrumentality of the Lac Vieux Desert Band of Lake Superior Chippewa Indians, a federally recognized tribe, the company offers flexible borrowing options, providing loans ranging from $200 to $3,500 with repayment terms spanning from 4 to 18 months.
River Valley Loans
Apply for a Loan
River Valley Loans addresses the financial needs of individuals facing emergency expenses by offering same-day installment loans of up to $3,000. Their tribal installment loans feature a straightforward and fast application process, ensuring customers can access funds promptly to handle unforeseen financial challenges.
MaxLend
Apply for a Loan
MaxLend distinguishes itself as a financial service provider capable of promptly delivering up to $3,000 directly to your bank account. Operating as an economic development arm and instrumentality of the Mandan, Hidatsa, and Arikara Nation, a federally-recognized sovereign American Indian Tribe, MaxLend operates within its sovereign status.
Lendumo
Apply for a Loan
Lendumo, operated by Niswi, LLC, dba Lendumo, is a reputable financial service provider backed by the Lac du Flambeau Band of Lake Superior Chippewa Indians. Combining modern financial practices with a commitment to cultural heritage, Lendumo caters to borrowers in need of quick and convenient loans. First-time borrowers can access loans of up to $1,500, while repeat borrowers may qualify for larger amounts, up to $2,500, providing a solution for unforeseen expenses or emergencies.
Editorial Opinion
Post Lake Lending presents itself as a financial service provider with a focus on meeting short-term borrowing needs. As with any company operating in the lending space, it is crucial for individuals to carefully assess their financial situation and objectives before engaging with their services. While the company emphasizes flexibility in repayment options and a unique approach to eligibility criteria, prospective borrowers should exercise due diligence. Understanding the potential costs associated with borrowing, the specific terms and conditions, and the limitations on availability in certain states is essential.
It's important to recognize that financial decisions are highly individual, and what works for one may not be the best fit for another. As with any financial undertaking, potential borrowers should conduct thorough research, consider alternative options, and, most importantly, think critically about their own financial circumstances. No one knows their needs and capabilities better than the individual themselves. While Post Lake Lending may offer a solution for some, it is imperative for consumers to make informed decisions that align with their unique financial goals.
Important
Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.
How to Choose a Lender
-
Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.
-
Check if the lender is a member of a reputable association, such as theCommunity Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.
-
Carefully review all the terms and conditions of your payday loan contract.
-
Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.
-
Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.
-
Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.
Methodology
At Finanso, we've carried out a comprehensive analysis of over 100 lenders, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.
In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.
At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.
Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.
Sources
- postlakelending.com
- postlakelending.bbb.org
FAQ
How Do You Qualify For a Post Lake Lending Loan?
Qualifying for a Post Lake Lending loan involves meeting certain criteria. While specifics may vary, common requirements typically include being at least 18 years old, having a stable source of income, and possessing an active bank account for electronic fund transfers. Post Lake Lending emphasizes assessing an applicant's ability to repay, looking beyond traditional credit scores. The online application process is straightforward, enabling individuals to provide necessary information for eligibility determination. It's essential for potential borrowers to review the company's lending standards, state-specific availability, and terms before applying.
How Much Can You Borrow From Post Lake Lending?
To determine how much you can borrow from Post Lake Lending, it's advisable to visit the Post Lake Lending website for the most accurate and up-to-date information. If it's your first time applying, you may qualify for a loan of up to $1,500. Returning customers in good standing, with a track record of successful payments, have the potential to qualify for higher amounts, up to $5,000. The company's website provides detailed information about rates and terms, offering transparency for individuals considering a loan from Post Lake Lending. Before proceeding, it's essential to carefully review the terms and conditions on the website to ensure a clear understanding of borrowing limits and associated guidelines.
Does Post Lake Lending Approve Everyone?
Post Lake Lending's approval process is not guaranteed for everyone. While the company has a unique approach that considers factors beyond traditional credit scores, approval is contingent on various criteria. If you're a first-time customer, you may qualify for a loan of up to $1,500, and returning customers in good standing may be eligible for higher amounts, up to $5,000. The approval decision is based on an assessment of your ability to repay, and the information you provide during the application process. For specific details regarding approval criteria, it is recommended to refer to the Post Lake Lending customer section on their website. Each individual's financial situation is unique, and approval is not automatic for all applicants.
Is Post Lake Lending a Legitimate Company?
Determining the legitimacy of Post Lake Lending is an important consideration. The company's operations, including the disbursement of loan proceeds, should align with legal and ethical standards. To verify the legitimacy of Post Lake Lending, individuals are encouraged to thoroughly review the information provided on the company's official website. This includes details about the loan application process, repayment terms, and any associated fees. Additionally, researching customer reviews and feedback can provide insights into the experiences of others who have engaged with Post Lake Lending. It's crucial to approach any financial decision with caution and ensure that the company's practices are transparent and comply with applicable laws and regulations.
Is Post Lake Lending a good lender?
Assessing whether Post Lake Lending is a good lender depends on various factors, including individual financial needs and preferences. To make an informed judgment, potential borrowers should thoroughly research and consider aspects such as the company's transparency about rates, terms, and fees. Examining customer reviews and feedback can offer insights into the experiences of others with the lender. It's advisable to review the terms and conditions on the Post Lake Lending website to understand borrowing costs, repayment options, and any potential limitations. While the company may provide a solution for some, whether it is a good lender for a specific individual depends on their unique financial circumstances and the alignment of the company's offerings with their needs.
Useful
Like 0
Dislike 0
Author of articles Artur M
380 views
Update 03.02.2024
Company documents
Privacy Policy
Show
Terms of Use
Show
Loans from Post Lake Lending provide the funds you need with flexible repayment options!
© Post Lake Lending, Inc
Offers
- Loans
Post Lake Lending
Installment Loan
Rating by Finanso®
i
The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.
(Leave feedback)
Recommended FinScore™
300
650
1000
Apply
Similars products
- Loans
Finanso
Personal Loans
Rating by Finanso®
i
The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.
(Leave feedback)
Recommended FinScore™
300
650
1000
Rate
i
Interest rate
6.34 – 35.89 %
Term
i
Loan term for the financial product
2 months – 72 months
Apply
Check Into Cash
Flex Line of Credit
Rating by Finanso®
i
The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.
(Leave feedback)
Recommended FinScore™
300
650
1000
Apply
World Finance
Personal Loan
Rating by Finanso®
i
The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.
3.93
(20 Ratings)
Recommended FinScore™
300
650
1000
Rate
i
Interest rate
27.50 – 81.29 %
Term
i
Loan term for the financial product
6 months – 1399 days
Apply
Calculate loan payments in Post Lake Lending
Post Lake Lending calculator will allow you to calculate an approximate payment schedule for the loan
Overpayments on the loan in Post Lake Lending
:table
Show
:btnIssue
This site is protected by reCAPTCHA and the GooglePrivacy Policy and Terms of Service apply.
Reply
Reply
comments
Moderation
Complain
Moderation
Your comment has been added
Error
Your complaint has been recorded
Invalid username or password
comment.alert.error-reg
Please log in to like/dislike
Invalid SMS code has been entered
Post Lake Lending reviews 2024
Leave feedback
Please, leave your first feedback
Leave a review and get 20 Fincoins to your account!
Review on Post Lake Lending
Rate it on the 5-point scale
Execution of an application
Support service
Mobile app
Service quality
Your level
Your rating
/ 5
Similar companies
NaviRefi
123 S Justison St, Wilmington, DE 19801-5360
HESAA
PO Box 545, Trenton, NJ 08625-0545
RISLA
935 Jefferson Blvd, Suite 3000, Warwick, RI 02886
VSAC
10 East Allen Street, Winooski, VT 05404
Funding U
309 East Paces Ferry Rd. NE Suite 400, Atlanta, GA 30305