High rates for emergency cash

Written by: Taylor Medine
• Updated •2 min read
This date may not reflect recent changes in individual terms.
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In a Nutshell

Blue Trust Loans is an online lender owned and operated by an American Indian tribe. Blue Trust’s loans are relatively small — up to $3,000 — and may be funded within the same or next business day. But fees (and APRs) are beyond sky high.
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Who a Blue Trust Loans personal loan is good for

You should turn to Blue Trust Loans only if you need money to cover a small expense and have no other options. A Blue Trust Loans personal loan is small and expensive — it’s not a good option for debt consolidation or any major purchase.

Make sure you fully understand the cost of doing business with Blue Trust Loans — or any other emergency lender — before you sign loan documents.

If at all possible, consider shopping with other lenders and considering options like payday alternative loans. Payday alternative loans are small loans offered by some federal credit unions. To qualify for one, you need to be a member of a credit union for at least one month. These loans typically have lower fees than payday loans and other short-term products.

*Approval Odds are not a guarantee of approval. Credit Karma determines Approval Odds by comparing your credit profile to other Credit Karma members who were approved for the personal loan, or whether you meet certain criteria determined by the lender. Of course, there’s no such thing as a sure thing, but knowing your Approval Odds may help you narrow down your choices. For example, you may not be approved because you don’t meet the lender’s “ability to pay standard” after they verify your income and employment; or, you already have the maximum number of accounts with that specific lender.

About the author: Taylor Medine is a freelance writer who’s covered all things personal finance for the past seven years. She enjoys writing financial product reviews and guides on budgeting, saving, repaying debt and building credit. … Read more.