Fineday Funds Review

About this lender

Fineday Funds specializes in short-term loans, offering up to $2,500 to individuals regardless of credit history, and quick fund, often by the next day. On the downside, the company’s APRs can be extremely high, with rates reaching up to 800%, and their fee structure and APRs lack transparency. The application process is partially online, which may not be as convenient as fully digital alternatives.

Read our full Fineday Funds review to see if this lender is right for you.

• Best for – People who need quick cash and want to build their credit scores.
• What to watch out for – Interest rates up to 800% which is likely higher than non-tribal payday lenders like Speedycash.

Key features

• Loan Amount – $400 to $2,500
• Loan Term – Varies, depending on the loan amount and terms
• APR – 120% to 800%
• Fees – You’ll incur a $30 fee for payments late by 3+ days or returned due to insufficient funds or bank rejection. $0 prepayment fee. 
• Availability: Fineday Funds is available in the 36 states below. Fineday Funds does not lend to residents of AR, CT, DC, IL, ME, NY, PA, VA, VT, WI and WV

• Credit Score Range for Approval – 520 and up
• Turnaround Time – 24 to 48 hours after approval
• Requirements – Have regular income with proof, be 18+ & a U.S. citizen, own a checking account, and not be in active military service or a dependent.
• Acceptance – Available to welfare recipients with proof of other income. Must be able to prove employment, and must not be actively going through the bankruptcy process or have a recent bankruptcy on your record. 
• Loan Security – Unsecured short-term installment loans. 
• Fees – $30 late fee if payment’s 3+ days overdue with a $30 NSF fee for payments returned/rejected by bank. No multiple NSF fees on the same payment source per attempt. “Loan specifics like amounts, dates, APR, and fees are in your agreement.”

What are the benefits of Fineday Funds?

Several benefits come with applying and getting accepted for these short-term loans, including: 

• Repeat Borrower Program – Qualified repeat customers can get into the Repeat Borrower Program and qualify for special offers or discounts. 
• No Early Repayment Penalty – The company encourages you to pay off your loan as quickly as you can to avoid the higher interest rates. 
• Fast Application – Once you upload everything and finish the application, you’ll know within a few hours if you qualify, and you can get your money the next business day. 

What to watch out for

Even though this is meant to be a short-term installment loan, there are a few things you should be leery of, including: 

• Origination Fee – Depending on your creditworthiness and other factors, you may pay an origination fee of up to 6% on your loan. 
• No Pre-Approval Soft Pull – Unlike other lenders, Revise Financial does a hard pull on your credit, and there is no option to see if you meet the pre-approval standards with a soft pull on your credit report. 
• Higher APRs – The APRs start at 9.99% and go up to 36%, depending on your credit score. So, if you don’t pay it off quickly, you could pay a lot in interest. 

Is Fineday Funds legit? 

Yes, this legitimate tribal lender based in Keshena, Wisconsin.

From their website, “Eagle Lending, LLC dba Fineday Funds is a commercial enterprise and instrumentality of the Menominee Indian Tribe of Wisconsin, a federally recognized sovereign Indian nation (the “Tribe”), which abides by the principles of federal consumer finance laws, as incorporated by the Tribe, and operates within the interior boundaries of the Menominee Indian Reservation, WI.

Eagle Lending, LLC dba Fineday Funds is chartered under and operates pursuant to Tribal law.”

Fineday Funds reviews

They currently have the following ratings:

Trustpilot – Currently, they have 4.6/5 stars with 2,064 reviews and an overall rating of Excellent. Of those reviews, 80% are 5-star, while 9% are 1 to 3 stars.  

Here are 2 recent reviews left on Trustpilot:

Better Business Bureau – A with 1.11/5 stars. There have been 61 complaints closed in last 3 years and 53 complaints closed in last 12 months. There is currently an alert for this business on BBB.

Here are some recent complaints left on BBB:

Am I eligible?

Fineday Funds makes it relatively easy to secure a short-term loan from them, and to be eligible, you’ll need: 

• Be a citizen and be 18 years old
• Have regular income (self employment has to be supporting/secondary)
• Have a checking account in good standing 
• Not actively serving in the military or be a dependent of an active military personnel 
• Credit score of 520 and up

How do I apply for a loan with Fineday Funds?

The company boasts a quick and easy application process, and to apply you’ll: 

1. Start the application process by going to Fineday Funds and filling out their online application with all of the necessary information. 
2. Verify your information by uploading income proof, ID, and whatever else they ask for. You can verify your information online or by calling 844-941-0035.
3. Once approved, carefully review your documents before e-signing them. 
4. You’ll receive your funds directly deposited into your indicated account in as little as one business day. 

What documents do I need to Apply?

You’ll need to supply several documents when you apply for a loan to use as proof of who you are and your income, and they may ask for: 

• Proof of Identity – Driver’s license, passport, or state or tribal ID
• Proof of Income – Income statement, benefits statement, or recent pay stubs (within 30 days)
• Proof of Residency – Lease or mortgage paperwork or utility bill
• Bank Account Details – Recent bank statement or a voided check

Not Sure About Fineday Funds?

If Fineday Funds doesn’t sound like a good match for your situation, we encourage you to explore these other lending options:

• Opploans – Known for offering installment loans with transparent terms and no hidden fees.
• Speedycash – Offers a variety of loan products, from payday loans to title loans, with fast approval times.

Bottom line

Fineday Funds offers accessible loans for individuals with varying credit histories in a financial emergency. Benefits like next-day funding and no penalty for early repayment make it an attractive choice for people with limited options. Eligibility requirements cater to those with less-than-good credit.

With APRs up to 800% and limited transparency regarding fees, it’s crucial to weigh the pros and cons, considering the high costs of a loan. Potential borrowers should thoroughly review terms and consider all options before taking out a loan from Fineday Funds.

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