Credit Cube Loan Review

What is Credit Cube?

Credit Cube Loans is a tribal lender, operating under the sovereignty of the Big Valley Band of Pomo Indians in California. They offer flex-pay installment loans, which are an alternative to payday loans.

First-time borrowers can apply for loans ranging from $200 to $500, while returning customers might qualify for up to $5,000. Credit Cube’s loans are designed for anyone who needs quick access to cash with no credit or bad credit.

Be sure to read the terms of you loan agreement as the APRs they charge range from 159.90%-779.97%, compared to credit card APR which maxes out at 36%.

• Best for: Anyone who needs fast cash but doesn’t have the credit to qualify for a traditional loan.
• What to watch out for: Watch out for the interest rates as they can easily run up to 780%. 

A closer look at the features of a Credit Cube loan

Here’s what you should know before you apply for a loan with Credit Cube loans:

• Minimum and maximum loan amount: $200 for first-time borrowers and up to $5,000 for returning customers, but eligibility depends on the loyalty program. 
• Loan term: The term depends on the amount financed but payments are due every other week.
• Loan interest rate range: Up to 780%, credit-score dependent. 
• Fees: There are no application or early payment fees. There are late payment and insufficient funds fees for each payment you miss. 
• Where they’re available: Credit Cube Loans are currently available to residents in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Delaware, Florida, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, Wisconsin, Wyoming, and the District of Columbia.

Loan details

• Credit score range for approval: They don’t explicitly state the minimum credit score, but they encourage people with bad credit to apply. 
• Turnaround time: Applications approved Monday through Friday will get approval/denial within the next business day. Funds can be available in as little as 24 hours. 
• Requirements: To apply, you have to be over 18 years old, have an active checking account in good standing, have proof of income, not live in one of the restricted states, and not be active military or a dependent of one. 
• Acceptance: They accept people on welfare as long as you can prove you can pay the loan back. People with past bankruptcies can apply too, but not if you have an ongoing bankruptcy case. 
• Loan security: They offer unsecured loans.
• Do Credit Cube perform a credit check? Yes, once you apply, they’ll perform a hard credit check. 

What are the benefits of Credit Cube Loans? 

Working with Credit Cube Loans gives you several benefits. Some of the biggest ones include: 

• Funds in as little as 24 hours
• Available for bad credit, no credit and people with a past bankruptcy
• Welfare is an accepted source of income

What to watch out for 

Since this company caters to people of all credit ranges, there are drawbacks. A few include: 

• APR up to 780%
• Not available in all states
• Unavailable to military or dependents

Is Credit Cube legit?

This is a legit Tribal-run lending company, and it’s important to have all of the information when deciding if it’s a good fit for you.

Credit Cube loans reviews summarized

According to the BBB, Credit Cube has an F rating with 2.21/5 stars, and it’s not accredited. The majority of the complaints talk about problems reaching customer service and having payments adjusted for financial hardship.

TrustPilot also ranks them poorly with 2.3/5 stars, and the reviews mention that customer service isn’t great with long hold times.

There is no mention on Reddit of this specific company at this time. 

Am I eligible?

Credit Cube loans is generally accessible to a broad range of potential clients, and to find if you’re eligible, you’ll look at the following: 

• Age Requirement: Must be at least 18 years old.
• Residency: You have to live in a state where Credit Cube operates
• Bank Account: You must have an active checking account.
• Income Verification: You have to provide proof of a steady source of income to demonstrate the ability to repay the loan.
• Identification: They’ll ask for a copy of a valid government-issued ID, like a driver’s license, state-issued ID, or passport.
• Social Security Number: You’ll need to have a valid Social Security Number.
• Contact Information: You must provide valid contact information, including email and phone number to submit the application.

What documents do I need to apply? 

When you apply for a loan with Credit Cube Loans, you’ll need to have a few key documents and pieces of information to complete the application process, including: 

• Government-Issued ID: A copy of a government-issued ID, like a driver’s license or passport, to verify your identity.
• Proof of Income: Recent pay stubs, bank statements, or other documents that prove your current income level.
• Bank Account Information: Details of your active checking account for depositing the loan and setting up your repayment plan
• Proof of Address: You’ll upload documents that prove you live at your address, like a rental agreement, utility bill, or mortgage agreement.

How do I apply for a loan with Credit Cube Loans? 

To apply for a loan with Credit Cube Loans, you can complete the entire process online through their website. Here are the steps to apply online:

1. Visit the Credit Cube Website: Start by going to the official Credit Cube website.
2. Choose the Loan Amount: Select how much money you want to borrow and the terms of your loan (also check if you’re a first-time or returning customer).
3. Complete the Application: Fill out the application form with your personal, financial, and employment information.
4. Submit Proof of Income: Upload or provide details for your proof of income as part of the application process.
5. Read and Agree to Terms: Carefully review the loan terms, including interest rates and repayment schedule, and agree to them.
6. Submit the Application: Once you have completed all the necessary fields and uploaded any required documents, submit your application for review.
7. Wait for Approval: Credit Cube will review your application and make a decision. If approved, they will contact you with the next steps to finalize the loan.
8. Receive Funds: Upon approval and acceptance of the loan terms, the funds will get deposited into your bank account as per the agreement.

Sign your paperwork if approved and wait for the money to get deposited

What are other loans like Credit Cube? 

If you’re considering alternatives to Credit Cube Loans, here are three other lending options that offer quick cash, including: 

• Opp Loans: Provides personal installment loans with no hard credit check, focusing on borrowers with less-than-perfect credit.
• Credit Ninja: Offers personal loans with flexible terms and fast funding, aiming to provide a simple and efficient borrowing experience.
• Speedy Cash: Known for a wide range of lending products including payday loans, installment loans, and lines of credit, catering to urgent financial needs.

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