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THE FACTS REGARDING TRIBAL LENDING

THE FACTS REGARDING TRIBAL LENDING

NAFSA users provide small-dollar, short-term usage of credit. Are these loans exactly like “payday loans”?

The short-term installment loan services and products provided by NAFSA members’ TLEs aren’t payday advances; they’re installment loans. NAFSA members never ever participate in abusive collection methods or in every way disrespect or overlook the legal rights of our clients.

Unlike payday advances, installment loans are amortized, have loan that is definite and need re re payments which go toward not merely interest, but reduce of loan principal.

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