You can find a copy of our Terms of Use agreement here through this link.

Responsible lending is all about acting in the customer's best interests. To do so means to ensure affordability, provide transparency of terms and conditions, and to support a borrower if and when they experience repayment difficulties.

At Spotloan, we aim to abide by responsible lending best practices. And, we believe that Spotloans are a much better alternative to payday loans. However, while Spotloans cost up to half as much as competing loan products, Spotloans are still an expensive form of credit. Spotloans are designed to help you deal with emergencies such as medical bills, funeral costs, car repairs, or expenses related to your job. We highly recommend that before you apply for a Spotloan, you fully research alternatives that can save you money.

Our loans aren’t intended to solve long-term credit or other financial needs. You may have better alternative forms of credit, such as borrowing from friends or relatives, using a credit card cash advance, taking out a personal loan, or using a home equity loan or savings.

You can have only one open Spotloan at a time. When you pay off a Spotloan and after your payment clears the bank, you may apply again for another Spotloan.

Spotloan is owned by BlueChip Financial, a tribal lending entity wholly owned, organized under, and governed by the Turtle Mountain Band of Chippewa Indians, a federally recognized Indian Tribe, located within North Dakota and operating within the Tribe's Reservation. We comply with applicable tribal lending laws and federal lending laws that do not conflict with our Tribe's sovereignty, including Federal Truth in Lending Act, Equal Credit Opportunity Act, Fair Credit Reporting Act, Electronic Funds Transfer Act, Gramm-Leach-Bliley Act privacy requirements, and those applicable implementing regulations.

Spotloans are currently available to residents of the following states: Alaska, Alabama, Arizona, California, Colorado, Delaware, Florida, Georgia, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Mississippi, Missouri, Montana, North Carolina, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, Ohio, Oklahoma, Oregon, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Washington, Wisconsin, and Wyoming.

If we receive a proper written information request from a governmental authority (any agency or department of the U.S., or any officer, employee, or agent thereof) requesting the financial records and transactions of a Spotloan customer, we disclose the requested information to the governmental authority.

Also in compliance with the Financial Privacy Act, Spotloan will provide a copy of the government request and the disclosed Spotloan records to the affected Spotloan customer if: (i) the customer requests such information from Spotloan, and (ii) there is not a court order blocking the disclosure of such information to the customer.

BlueChip Financial, which owns the Spotloan brand, has a valid lending license issued by the Turtle Mountain Band of Chippewa Indians Lending Commission. Though Spotloans are available to residents of certain states, consumers should know that its lending license is issued by the Tribe's Lending Commission and not the state in which its consumers may reside. Spotloan makes all loans from our Reservation. When you agree to take out a Spotloan, you promise to repay the loan amount with interest. You will be legally entered into a binding contract when you electronically sign your loan agreement. This means that you are responsible to pay back both the principal and interest of your loan.

We know it can often be difficult to tell the difference between legitimate business requests and online theft or scammers. Here are some tips to help keep you safe.

• If someone’s asking you for money or collecting on a debt, ask questions! Don’t hesitate to ask the collector for details such as their name and their company’s name, address, phone number, and website address. If they’re not willing or able to answer all your questions, and if the information they give you does not match the company’s information listed on their website, that is likely a red flag.
• Some fraudsters use scare tactics and threats of arrest, jail time, or getting sued unless they pay by credit or debit card over the phone. While it may be scary, you can’t be arrested for not paying your bills. Hang up and call the company you are used to dealing with using the number you’ve used in the past or find it on their website. 
• Are you being asked to make payments in an unusual way, like through a prepaid gift card? Stick to trusted payment methods, like for instance, Spotloan’s secure online payment portal.
• Take note of how they are communicating with you and pay attention to the details. If they’re saying they’re from a company you’ve worked with before, go check the phone number and email address from which you’ve previously received that business’s communications. Is it a different phone number? Are they using a new email address or one that’s slightly similar to the email addresses you’ve seen before? If so, it could be a scam. 

If you ever receive a suspicious email, text, or call from someone saying they’re with Spotloan, avoid clicking on any unknown links or webpages, avoid giving them any additional personal information until you’ve confirmed it is safe, and report the email as phishing or spam through your email provider. If you receive anything that seems suspicious regarding your Spotloan, please contact us directly to validate the information and send a screenshot to help@spotloan.com.