• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
GoLoans

GoLoans

  • Personal Loans
    • Signature Loans
    • Debt Consolidation Loans
    • Wedding Loans
    • Home Improvement Loans
    • Signature Loans
    • Medical Loans
      • Dental Loans
  • Business
    • Business Loans
      • High-Risk Business Loans
    • Business Credit
  • Home Loans
    • Home Equity Loans
    • Home Equity Line of Credit
    • Bad Credit Home Loans
    • First Time Home Buyer Loans
  • Bad Credit Loans
    • Tribal Loans
    • Installment Loans
    • Payday Loans
    • Car Title Loans
    • No Credit Check Loans
    • Emergency Loans
    • Same Day Loans
    • Short Term Loans
  • Auto Loans
    • Bad Credit Car Loans
  • Student Loans
    • Private Student Loans
  • Financial Help
    • Free Credit Score
    • Loan Sharks
    • Debt Relief
      • Debt Management Plan
      • Credit Counseling
    • Credit Repair
      • Credit Repair Companies
    • Calculators
      • Car Title Loan Calculator
      • Motorcycle Loan Calculator
    • Credit Monitoring Services
  • Reviews
    • Lenders
      • Bad Credit
        • Tribal Lenders
Home » Lender Reviews » Credit Cube: Reviews and Comparisons

Credit Cube: Reviews and Comparisons

June 17, 2019 by Brian Allen

credit cube loan reviews

Beware: What Borrowers Should Know About Credit Cube Loans

Our Review of Credit Cube Loans

Reviewer: Brian Allen

Cost of Loan
Funding Time
Application Process
Customer Support

Review Summary

Credit Cube is a tribal lender that offers bad credit installment loans. For first time borrowers, you can borrow as little as $100 up to a maximum of $400.

If you are a returning customer with solid history of repaying your loan on time, you can borrow as much as $5,000. However, here’s the problem.

The interest rates are astronomical. In fact, for first time borrowers the interest rate can be as high as 779% APR.

The only reason you should use this tribal lender is if you have a short term emergency expense and you’ve exhausted all other options.

PROS
– Can borrow as little as $100

– Returning customers can borrow more; up to $5,000

– An option for people with bad credit that cannot obtain financing via other less expensive sources

CONS
– Astronomical interest rates — as high as 779.97% APR

– Allows existing customers to borrow an excessive amount of money (up to $5,000)

– Not a good option for long term expenses


2.5

This is an updated article on Credit Cube Loans reviews.

If you or someone you know has less than average credit, then you can understand the difficulties in attempting to obtain a loan. More traditional methods require large amounts of information and can take several days to complete the process.

RELATED: Read THIS Before EVER Applying for a Payday Loan Online
Skip Ahead
  • Beware: What Borrowers Should Know About Credit Cube Loans
  • Overview of Credit Cube Loans
  • Credit Cube Loan Rates and Terms: How Much Will it Cost?
  • The Application Process
  • Credit Cube Repayment Terms
  • The Bottom Line on Credit Cube

Thankfully, financial technology has expanded and allowed new forms of lending to become available, and one of those is tribal lending. Tribal lending tends to focus on short-term installment loans that give people with less than average credit an avenue of to obtain financing in the event of an emergency.

In this article, we’ll take a dive into the company Credit Cube. We’ll go over the high-level basics to the application process and other details you’ll want to know before proceeding.

Note:  Credit Cube is a tribal lender that offers native american loans.  Most tribal lenders charge astronomical interest rates, which could be considered borderline loan shark activity.

Overview of Credit Cube Loans

how does credit cube loans work?

Right away, heading to their website you will land on a professional and well laid out homepage. You will see information such as fast approvals, no prepayment fees and even a premium loyalty program.

RELATED: Here’s the Truth About No Credit Check Loans

At the top of the page you will find links to the rates and terms, resources and even a blog.

From there, you’ll scroll down and they present you with a welcome message and a bit of information on Credit Cube. You can see how the process works, which is submitting the application, e-signing your documents and receipt of loan proceeds.

Many tribal lenders have a process that simple and Credit Cube must as well to compete.

The final section goes over the questions you need to ask yourself before applying for a loan. Right out of the gate it appears Credit Cube does an excellent job at giving actionable information to their current and potential customers.

TRENDING: Reviews on Bad Credit Lenders

Currently, Credit Cube does not lend to the following states:

  • Connecticut
  • Minnesota
  • New York
  • Vermont
  • Virginia
  • West Virginia

This list is fairly small to many of the tribal lenders in the marketplace.

Also, you must meet the following requirements:

  • Be at least 18 years of age.
  • Live in a state serviced by Credit Cube.
  • Have an active and valid checking account.
  • Have a job or regular proven source of income.
  • Have an email address and verifiable phone number.

Credit Cube Loan Rates and Terms: How Much Will it Cost?

credit cube loan cost reviews

Moving to the products, you will find that Credit Cube offers potential customers three different types of loans. The loan types are short-term loan, quick loans and low-interest loans, but we’ll be focusing on the short-term loan terms.

Quick loans are too much like a payday loan and can quickly inflate your financial issues while an installment loans gives you the flexibility to repay the note over several months.

RELATED: Credit Cards for Bad Credit: Reviews and Comparisons

With a short-term loan, you can potentially borrow between $100 and $5,000 and the interest rates will vary between 259.94% to 779.97%. These rates are competitive within the tribal lending marketplace but are certainly expensive compared to more traditional methods.

Keep in mind that short-term installment loans are not for long-term financial solutions and shouldn’t be used as such.

To quickly touch on the other products, the payday loans are repaid on your next payday and typically have very high fees and interest rates, which can make your financial issue worse.

This is why it’s best to stick with short-term installment loans if you are in a need to borrow.

The Application Process

credit cube online loan application reviews

To begin the application process, you need to begin with your name, email address and account password. From there, you will be required to input the typically information about yourself, such as address, social security number and driver’s license.

Next, you will move to your work information that helps Credit Cube ensure the have a higher probability of being repaid. Once you’ve done that you can review your information and submit the form for a decision. The application is fast and secure according to most Credit Cube reviews.

RELATED: Why American Credit Card Debt Shrank During The COVID-19 Pandemic

Once you’ve submitted your application your results should be available within seconds, but Credit Cube may need to contact you to verify your identity, income and banking information.

After you’ve completed that process you will be ready to receive your loan proceeds. If you’ve completed the loan process and been approved prior to 3pm EST, you can expect your funds to be deposited on the next business day.

Before signing your loan agreement, you need to diligently read the terms and rates because this is what you’ll be legally held too. Should something not seem correct, be sure to reach out to the company to have it clarified before signing.

Trending: Bad Credit Loan Tips to Get Financed

start a financial planner business

How to Start a Financial Planner Business

Being a financial planner can be a rewarding career choice. What can make it even more so is the choice to start your own business rather than working for someone else. As many as 25% of those in the finance and financial advising industries reported a desire or goal to start their own business rather […]

Continue Reading >> How to Start a Financial Planner Business

how to start a bookkeeper business

How to Start a Bookkeeping Business

Bookkeeping is one of the most necessary parts of any business, and yet several companies would rather outsource the work than hire someone to do it in-house. Thus, the market for independent bookkeepers and bookkeeping services is always making room for new opportunities. This is also a fairly simple business to get started, although you’ll […]

Continue Reading >> How to Start a Bookkeeping Business

how to start a boat charter business

How to Start a Boat Charter Tour Business

Boat charters are popular for those who want to enjoy the water, but may not otherwise have access to a boat. They’re also a big hit in vacation destinations around the world, providing tourists with the best way to get out and see the sights, connect to various areas, and more. If you’ve got a […]

Continue Reading >> How to Start a Boat Charter Tour Business

how do i start an airbnb business

How to Start an Airbnb Host Business

In light of the pandemic, the demand for private rentals has increased exponentially in the last year or two alone. As a result, more people are considering services like Airbnb to host their own properties and earn extra money by providing people with a place to stay. The great thing is that these days, you […]

Continue Reading >> How to Start an Airbnb Host Business

start an import/export business

How to Start an Import/Export Business

Importing and exporting is a lucrative industry. As the global economy continues to grow, the need for people who can handle transporting items across customs boundaries is growing along with it. For those who want to start their own business, importing and exporting can be a great choice. However, it is one of the more […]

Continue Reading >> How to Start an Import/Export Business

Cannabis Business Loans: Where To Find Them

Cannabis business loans are often not easy to get. Starting a new business is challenging under any circumstances, but few entrepreneurs face more obstacles than those who choose to venture into the cannabis industry. The upside is high. The market is certainly there.

Continue Reading >> Cannabis Business Loans: Where To Find Them

Credit Cube Repayment Terms

loan repayment terms for this lender

Now that you have your loan proceeds you can begin spending how you wish. Also, you will begin the repayment process. There are two methods you can go with and they include paying as the repayment schedule states or prepaying your note as quickly as possible.

Credit Cube does indicate repaying your note early is the better option as it saves you money on interest expense. According to quite a few Credit Cube reviews, this is exactly what many borrowers do.

You can either repay your loan through the bank information you provided, or you can submit a certified check.

The Bottom Line on Credit Cube

As you can see, Credit Cube reviews are mixed. Some borrowers speak highly of them, while others are likely to never borrow money from this lender again.

RELATED: Here’s What You Should Know About Car Title Loans

The company makes it a point to ensure you are borrowing responsibly because not only does it help you, but it ensures Credit Cube is lending to the appropriate individuals.

Overall, Credit Cube exceeds to standards by not only informing potential customers as best as possible, but also offering resources that can be used going forward. Certainly give Credit Cube a look if you are in need of a short-term loan, you may find it to be worth your while.

Filed Under: Lender Reviews Tagged With: tribal lender reviews

Reader Interactions

Comments

  1. Bella Thomas says

    January 21, 2021 at 4:52 am

    It was a amazing information on Credit Cube Loans. thank you so much for sharing with us.

Leave a Reply Cancel reply

Your email address will not be published.

Primary Sidebar

Trending Now

6 Reasons a Tribal Loan May Not Be For You

new payday loan regulations in 2020

New Payday Loan Regulations Could Make Life Harder For Borrowers

pros and cons of car title loans

5 Common Myths About Car Title Loans You Should Know About

cash advance loans online

Cash Advance Loans: Research, Compare and Apply

installment loans for bad credit vs payday lenders

4 Reasons To Get An Installment Loan For Bad Credit Instead Of A Payday Loan

payday loans guide

Payday Loans: The Ultimate Guide on Laws, Rates and Alternative Loan Solutions

what are short term loans

Short Term Loans: Research, Compare and Apply Online

make money online

12 Ways to Earn Money if You Don’t Qualify for a Bad Credit Loan

apply for a same day loan

Same Day Loans: Research, Compare and Apply Online

payday lending bill oac bernie sanders

Payday Lending Under Pressure from New Bill

Footer

Address

GoLoans
980 N. Federal Hwy
Suite 110,
Boca Raton, Florida 33432
Phone: +1 (561) 962-0091
URL: https://goloans.co/

Advertiser Discoslure

GoLoans is reader-supported. When you buy through links on our site, we may earn an affiliate commission

© 2018–2021 · GoLoans | About | Contact | Terms of Use | Privacy Policy