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          Find a Location

          Spotloan has 1 locations, listed below.

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            • Spotloan

              PO Box 720 Belcourt, ND 58316-0720

            Business ProfileSpotloan

            Loans
            The Complaints and Reviews shown on this HQ profile may have been submitted against either the HQ itself or one of the corporate-owned locations found under "Find Locations".

            Contact Information

            PO Box 720

            Belcourt, ND 58316-0720

            Visit Website
            (888) 681-6811

            Customer Reviews

            1.22/5

            Average of 54 Customer Reviews

            Read ReviewsStart a Review

            Customer Complaints

            182 complaints closed in last 3 years

            72 complaints closed in last 12 months

            Read ComplaintsFile a Complaint

            BBB Rating & Accreditation

            B
            This business is not BBB Accredited
            Search for Accredited
            Businesses in this category

            Years in Business: 11

            Customer Reviews are not used in the calculation of BBB Rating

            Reasons for BBB Rating

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            Overview

            According to information provided by the business: Spotloan is a brand owned by BlueChip Financial, a tribally-owned entity organized under and governed by the laws of the Turtle Mountain Band of Chippewa Indians of North Dakota, one of the country’s largest federally recognized Indian Tribes. The company is located on and operates within the Tribe's reservation in Belcourt, North Dakota. Spotloans are short-term installment loans ranging from $300-800 dollars, and they can be paid back over three to ten months.

            Products & Services

            Spotloans are an expensive form of credit and are intended only for short-term financial needs. These loans are designed to help borrowers deal with emergencies such as rent, medical bills, car repairs, and expenses related to their jobs. Spotloans are not intended to solve longer-term credit or other financial needs, and alternative forms of credit may be better, including borrowing from a friend or relative, using a credit card cash advance, or using a home equity loan or savings.

            Business Details

            Headquarters
            PO Box 720, Belcourt, ND 58316-0720
            BBB File Opened:
            7/16/2012
            Years in Business:
            11
            Business Started:
            7/3/2012
            Business Started Locally:
            7/3/2012
            Type of Entity:
            Limited Liability Company (LLC)
            Alternate Business Name
            • BlueChip Financial
            Business Management
            • Turtle Mountain Band of Chippewa Indians, Owner/Manager
            • Susan D, Customer Contact
            • Quyen Le, Director of Compliance
            Contact Information

            Principal

            • Turtle Mountain Band of Chippewa Indians, Owner/Manager
            • Susan D, Customer Contact

            Customer Contact

            • Susan D, Customer Contact
            Additional Contact Information

            Phone Numbers

            Email Addresses

            Read More Business Details and See Alerts

            Industry Tip

            BBB Tip: What to consider when researching personal loans

            Customer Complaints

            182 Customer Complaints

            Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

            File a Complaint

            Most Recent Customer Complaint

            03/27/2024

            Complaint Type:
            Order Issues
            Status:
            Answered
            It is insane to me that this company has not been shut down. I took out a $400 loan which has now been paid off but yet I will still be paying $140 a month for almost another year. They do not make things clear when you take the loan out. Now I am stuck paying for something I cant afford. I want my payments to stop. Or I will just take it up with my bank.
            Read More
            Read 181 More Complaints

            Customer Reviews

            54 Customer Reviews

            What do you think? Share your review.

            How BBB Processes Complaints and Reviews

            Start a Review

            Most Recent Customer Review

            Melissa S

            03/29/2024

            I had a loan of $1000. Had a balance of $557.92 in February. As of today, March 29th, it should be a balance of about $198. Its still a balance of $416! They have not responded back to me and I need to where my payments are going.

            Spotloan Response

            04/04/2024

            Thank you for taking the time to leave a review. At Spotloan, we strive to provide a great loan product that helps customers with their emergency expenses. We ensure that our interest rate and payment details are clearly listed on our homepage, on our website FAQ page, as well as on the loan agreement. Before you agreed to your loan, we provided you with your loan agreement which includes all of your loan terms and discloses how interest is calculated on your loan. We have responded to you directly to address your concerns. We encourage borrowers to pay off their loans as soon as possible to avoid accruing interest and we have no penalty for early repayment.
            Read 53 More Customer Reviews

            Local BBB

            BBB of Minnesota and North Dakota

            More Info on Local BBB

            BBB Reports On

            BBB reports on known marketplace practices.

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