Big Picture Loan Reviews

Short-term loans are the specialty of Big Picture Loans, an internet lending company. Those with bad credit are the lender’s primary market. Big Picture Loans is an atypical lender in the sense that it is licensed and established under Tribal law rather than state and federal law.

That’s not a big deal because it works like any other online lender. The Tribal dispute procedure must be taken into account while deciding whether or not to accept a proposal.

There are fewer qualifying standards than other online lenders, but the lender says that even individuals with adverse credit may apply for a loan. As a result, you might expect to pay as much as 699 percent APR on your loan. With Big Picture Loans, you may borrow between $200 to $1,500, depending on your financial situation.

What is Big Picture Loans’ Business Model?

The big picture loans are online lenders like Cash Net USA or Elasticity, and you can complete the entire loan application procedure from the comfort of your own home or office on your computer or smartphone. You’ll first need to go to the Big Picture Loans website. The platform will ask for some information after you’ve clicked the Apply button. In the beginning, this will comprise your full title, address, and phone number, as well as your date of birth and security number.

First, a mild credit check determines whether or not you’ll be approved for a loan with Big Picture Loans. Whether you are accepted or rejected, applying will not affect your FICO score.

Your driving license or state ID number, for example, must be entered as additional identification to complete the registration process. Afterward, you’ll be asked to describe your financial situation. This will comprise information about your present job situation, annual income, and current debt.

Within 15 minutes of submitting the request, you should get a pre-approval decision and personalized finance rates. If the firm requires further information from you within business hours, they will either phone or email you.

What can I borrow? How long can I borrow it for?

Using Big Picture Loans, you may borrow up to $1,500 in a single transaction. If the lender believes your credit history is too risky, you may not be allowed to borrow the max number. Customers had reported that they were offered more than the $1,500 maximum when they first applied. However, this has not been confirmed by all. It’s possible to acquire more than the indicated amount as a result.

You’ll be able to pick between a four-month and an 18-month loan term. Considering the high-interest rates, you should limit the loan term as short as feasible.

When you pay back your loan

A standing order must be set up in your checking account before you may make a payment. As a result, Big Picture Loans would be able to withdraw the money out of your bank account each month. You won’t have to worry about forgetting to pay a bill because of this.

Customer service can be contacted by phone to pay your monthly bill or pay off your loan early. Check with your bank to see whether this is an option before purchasing with your debit card.

Pros of getting a loan from big picture loans

1. There will be money in your account in less than 24 hours, and you will be approved quickly.
2. People with bad credit are looked at.
3. All payments are free.
4. If you want to get money, you can get it in all 50 states and the District of Columbia.
5. A free “Financial Wellness” program gives consumers access to information meant to help them improve their financial health.

Cons of getting a loan from big picture loans

1. Charges may be added to your bill if you don’t pay, return a payment, or don’t pay at all.
2. A few of the highest numbers on the economy.
3. The customer service team has a bad name.
4. The person doesn’t have to follow the rules and regulations of their home state.

Big Picture Loan Reviews

It’s possible to get a loan from the big picture. It is necessary to verify the accuracy of the reviews.

Extensive Picture Loans reviews may be found by looking at what previous customers say about them. As a result, its website is the best place to go for advice, as it has feedback from actual consumers. 83% of the 8k+ reviews have been tremendous or five-star ratings, according to the stats as of October 2, 2019.

It appears that the majority of customers are satisfied with the speed and ease of use of their service. Even if they’ve already registered for Big Picture home loans, it takes on average just five minutes to fill out the form.

Customers have also appreciated the Big Picture Loans customer service personnel’s warmth and helpfulness. The financing process is explained to customers from the start. One reviewer noted that he received assistance even though he was not fluent in English. It’s even possible to get in touch with a representative at any time of day or night.