Blog entry by Hal Diederich

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by Hal Diederich - Wednesday, October 26, 2022, 5:59 AM
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The good news is collateral is not required for an installment loan with Big Picture Loans. If approved for an installment loan, all Big Picture Loan requires is your electronic signature. Bigpictureloans.Com login

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Our users typically find great success in our short term lending products, the offers are not obligatory, so feel free to check them out.

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Using BigPictureLoans To End An Emergency

If you are worried about your financial situation, put your mind at ease. BigPictureLoans.com can help you improve your finances. You just have to know how best to use these loans to help you. There are some details you need to know before applying for these loans, and here are some tips to assist you.

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Before applying for a installment loan, investigate the full range of other financing options that are available. Borrowing money from a friend or family member is better than using a installment loan. The interest rates for most alternatives are usually much less than you will find with a installment loan.

Do your research. Do not go with the first company you see. Try to check out different places in order to find good rates. This could take a bit longer; however, the money savings would be worth the time. You can possibly find this very helpful information online, as well.

Don't take out a loan if you will not have the funds to repay it. If you do not go in to renegotiate, payday loans the installment loan company will try to take the owed amount from your bank account. Banks will assess NSF fees, and you are sure to incur greater debt to the lender. Make sure you have the money and pay the loan.

Shop around prior to deciding on who to get cash from when it comes to installment loans. You will find that some lenders will have lower interest rates, or that some might not charge you a fee for taking out a loan. If you need money immediately, make sure you're selecting a place that will accomodate that. Shop around and compare interest rates to find the best option available.

Explore all your choices. If you take time to compare installment advances versus personal loans, you might see that there may be other lenders that could give you better rates for installment loans. The key will be your credit history as well as the loan amount you desire. Still, some people have been able to save a great deal of money in this manner.

When you sign up for installment loans, be cautious when giving out your personal information. A lot of the time you have to give some personal information, including your personal social security number, some places can scam and sell your information to another person. Be certain you are involved with an honest lender.

It seems like installment lenders are sprouting up everywhere. Installment loans allow you to borrow money without the hassle of a credit check. They also must be paid back within a short period of time. Since these loans are often short term in nature, they come with really high interest rates. Still, those in an emergency might need them.

Pay close attention to fees. The interest rates that installment lenders can charge is usually capped at the state level, although there may be local community regulations as well. Because of this, many installment lenders make their real money by levying fees both in size and quantity of fees overall.

There are some installment loan companies that are fair to their borrowers. Take the time to investigate the company that you want to take a loan out with before you sign anything. Many of these companies do not have your best interest in mind. You have to look out for yourself.

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When you take out a BigPictureLoans.com, you are really taking out your next paycheck plus losing some of it. On the other hand, paying this price is sometimes necessary, in order to get through a tight squeeze in life. In either case, knowledge is power. Hopefully, this website has empowered you to make informed decisions.

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The Big Picture Loans Difference

We’ve helped 400,000+ people experience a smarter way to borrow. Here's some reasons why.

Apply In Minutes

Confidential

Receive Funds Fast

Use Funds For Anything

Easy Process

No Hidden Fees

Not A Payday Loan

Easy Repayment Terms

Choose Big Picture Loans and you could get the funds you need in as little as 24 hours*, with no hidden fees.**

Representatives are available to take your call 24-hours a day, 7 days a week.

Representatives will respond to email correspondence during our business hours:

- Monday - Thursday from 7:00 a.m. to 6:30 p.m. CST

- Friday and Saturday from 7:00 a.m. to 3:30 p.m. CST

- Sunday from 10:00 a.m. to 6:30 p.m. CST

IMPORTANT INFORMATION ABOUT PROCEDURES FOR APPLYING FOR A LOAN – To help fight the funding of terrorism and money laundering activities, and to comply with Tribal law and the spirit of federal law requiring all financial institutions to obtain, verify and record information that identifies each person who applies for a loan, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask for your driver’s license number or other identifying documents.

* Loan approval, and amounts are based on minimum income amounts, other credit criteria, and verification of the information you provide during the application process. Big Picture Loans, LLC ("Big Picture Loans®") will run credit checks on all applicants and may review credit information from specialized credit bureaus. Big Picture Loans reviews and approves all loans on Tribal land at its office located at E23970 Pow Wow Trail, Watersmeet, MI 49969. If your application is verified and approved by 5:00 p.m. CST, you will generally receive an ACH deposit on the next Business Day. Business Day means Monday through Friday excluding all federal banking holidays. The loan documents and authorizations, including the loan agreement, depend on time-sensitive factors. Despite our best efforts, unavoidable delays in the review process can happen. If we are unable to verify your information within two Business Days after you submit your application, the loan documents and authorizations may need to be modified to accurately reflect certain payment disclosures, and you may be required to carefully review and submit new documents reflecting these changes.

** Returned payments, late payments, and non-payments may result in additional fees, charges, or collection activities pursuant to the terms of your loan agreement and as allowable under Tribal and applicable federal law.

*** Big Picture Loans is a wholly owned subsidiary of Tribal Economic Development Holdings, LLC, a wholly owned and operated economic arm and instrumentality of the Lac Vieux Desert Band of Lake Superior Chippewa Indians ("Tribe"), a federally recognized Indian tribe, created for the benefit of the Tribe and payday loans operating pursuant to Tribal law. Big Picture Loans is a duly licensed Financial Services Licensee of the Lac Vieux Desert Tribal Financial Services Regulatory Authority, an independent regulatory body of the Tribe, and operates in accordance with the Lac Vieux Desert Band of Lake Superior Chippewa Indians Tribal Consumer Financial Services Regulatory Code, which can be found here: Tribal Consumer Financial Services Regulatory Code.pdf.

If Big Picture Loans approves your loan it will be governed by Tribal law, applicable federal law and your loan agreement. The laws of your resident state may have interest rate limits and other protective laws that are more favorable. If you wish to have your resident state law apply, you should consider taking a loan from a licensed lender in your state. Availability of installment loans are subject to change from time to time as determined by Big Picture Loans.

You can contact us at Support@BigPictureLoans.com or at PO Box 704, Watersmeet, MI 49969-0704. To access a copy of Big Picture Loans Privacy Notice, please click here: Privacy Notice. Any unauthorized reproduction, distribution, or disclosure is prohibited without Big Picture Loans’ express written consent.

Consumer Notice:

Our loans should be used for short-term financial needs only, not as a long-term financial solution. Individuals with credit difficulties should seek credit counseling. For more information, please see our Financial Wellness Page.

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