Spotloan Phone No.: A direct lender, Spotloan offers online installment loans up to $800 that are flexible. The amount of the installments, which are due every two weeks, is up to the borrower’s discretion. Considering the maximum interest rate of 490% APR, they are less expensive than payday loans. Tribal-owned BlueChip Financial is the owner of the Spotloan brand.
| Name | Spotloan |
| Founded Year | 2012 |
| Location | Palatine, United States |
| Phone Number | (888) 681-6811 |
| Email ID | login now to view the detail |
| Facebook ID | login now to view the detail |
| Instagram ID | login now to view the detail |
| Twiter ID | login now to view the detail |
| Linkedin ID | login now to view the detail |
| Official Website | Click Here to Visit |
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Contents
The Competitive Benefits of Online Lending
SpotLoan is a direct online lender that is redefining the emergency loan market by utilising cutting edge financial technology. SpotLoan employs big data and artificial intelligence to leverage machine learning for the purpose of identifying fraud and forecasting payouts. Through desktop or mobile devices, SpotLoans offers online loans directly to borrowers, underwriting those loans in a matter of seconds without requiring the applicant to complete a drawn-out application.
The goal of SpotLoan is to provide fair and open access to credit. We are able to give borrowers access to emergency capital that many other lenders are unable to due to our reduced overhead costs associated with physical locations, improved fraud detection capabilities, and improved payment forecasting. Without the hidden costs that other lenders frequently impose, like origination, rollover, and missed payment fees, we are able to offer loans at a price that is half that of other small-dollar lenders, payday lenders, and mortgage brokers.
Impact of Blue Chip Financial for Economic Development
Spotloan plays a significant role in the economic growth of Turtle Mountain. We give a community that is suffering from significant job losses and over 65% unemployment much-needed opportunities. For many community programs, including food and housing assistance, natural gas winter heating assistance, job training, mental health counselling, suicide prevention, community college curriculum, faculty and facilities, early childhood education, and parenting, Spotloon provides the tribal government with much-needed funding. additionally offers.
initiatives aimed at preventing drug addiction, gang activity, and promoting healthy lifestyles (including physical fitness centres, healthy food initiatives, and dialysis centres). Turtle Mountain recognised Bluechip as the “Business of the Year for 2017.”
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Spotloan Phone No.: What is Blue Chip?
Blue Chip Financial offers a short-term loan product designed to help the underbanked gain access to loans at approximately half the cost to the consumer compared to many competitors.
Through this short-term installment loan product, SpotLoan, Blue Chip has helped revolutionize the way people access emergency loans and uses sophisticated machine learning and big data for fraud detection and payback prediction in its underwriting model. Does.
How does Spotloan work?
Select Your Terms:
- Determine a payment amount that fits within your means after considering the total amount you need to borrow.
- You can decide how long to repay the loan; it can take up to ten months.
- Furthermore, there are no penalties for early loan repayment.
Fill out a simple online application:
- This application is private and totally secure.
- Apply online in no more than ten minutes. If accepted, you could receive up to $800.
- Get Your Money in Your Bank Account
Get Your Money in Your Bank Account:
- By 11:30 a.m. CT on Monday through Friday, if you accept your loan terms, Spotloan will deposit the funds to your bank by the end of the business day.
- Spotloan will transfer your funds to your bank overnight if you accept your loan terms between 11:30 a.m. and 8 p.m. CT, Monday through Thursday.
- By the end of the following business day, Spotloan will transfer your money to your bank if you accept your loan terms on a Friday after 11:30 a.m. CT through anytime on Sunday.
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Spotloan Phone No.: Spotloan Customer Service
The following channels are available for you to contact Spotloan customer service:
Phone: During the following hours, dial (888) 681-6811:
Monday to Friday: 7:00 a.m.–8:00 p.m. CT
Saturday: 9:00 a.m.–6:00 p.m. CT
Email: For any questions or concerns about Spotloan, send an email to help@spotloan.com.
Spotloan Phone Number: FAQs
1. Is Spotloan a public company?
Ans: Spotloan does not trade publicly. At this point in its business, it is unfunded.
2. What sectors and market segments does Spotloan operate in?
Ans: Spotloan provides B2C services to the fintech and financial services industries.
3. Who is the owner of Spotloan?
Ans: BlueChip Financial, a tribally owned company under the laws of the Turtle Mountain Band of Chippewa Indians of North Dakota, one of the largest federally recognised Indian tribes in the nation, is the owner of Spotloan. Spotloan has given more than 1,385,000 loans to hundreds of thousands of customers in need since its founding in 2012. Spotloan takes great pride in offering top-notch customer support.
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