Frequently Asked Questions

An installment loan allows you to borrow money and repay it through a series of scheduled payments over time. Typically, the payment amounts remain consistent, except for the first and last payments. The loan amount, interest rate, and number of payments determine the repayment schedule. At eLoanWarehouse, new customers usually have a payback period ranging from 3 to 12 months, with loan payments scheduled to align with the customer’s payday. For example, a new customer paid bi-weekly or semi-monthly would make 18 payments over 9 months. You also have the option to pay off your loan early without any penalty. If you choose to make extra payments on a scheduled due date, the additional funds will be applied to reduce the loan's principal. This may either shorten the repayment period or lower the total fees associated with the loan.

In summary:

• Verification of Income: Provide a verifiable source of direct deposit income into your checking account.
• Bank Account Requirements: Maintain an open checking account that meets our minimum duration criteria.
• Age and Residency: You must be at least 18 years old and a resident of the United States.
• Minimum Income: Your take-home pay must meet our specified minimum income requirements.
• Bankruptcy Status: You must not currently be in bankruptcy proceedings or planning to file for bankruptcy.
• Military Affiliation: Neither you nor any member of your family can be affiliated with the military.

Your application will be evaluated based on our underwriting criteria. Generally, you will receive an immediate response regarding your approval status. If approved, you will need to:

• - eSign your loan documents
• - Contact us during business hours for a brief conversation to confirm your information.

Once your loan is approved, you will also be enrolled in the Loyalty Program.

You can reach us right away at (816) 788-6617, or if you prefer, you can schedule a time for us to call you. If you choose not to select either option, we will make an effort to get in touch with you.

After finalizing your loan, funds may be deposited into your account in as little as one hour.

Yes, there are no penalties for paying off your loan early. Doing so may also reduce the finance charges you incur. If you repay the loan in full, without any missed or late payments, it will help you advance through the tiers of our Loyalty Program.

Reach out to one of our representatives for assistance in exploring your options and ensuring you stay in good standing.

Reach out to one of our representatives for assistance in exploring your options and ensuring you stay in good standing.

Absolutely! All of our loans are processed on secure servers using industry-standard security protocols. Your private information is kept fully confidential and safeguarded under our Privacy Policy.

The federal Equal Credit Opportunity Act prevents creditors from discriminating against credit applicants based on race, color, religion, national origin, gender, marital status, age (as long as the applicant is capable of entering into a binding contract), whether any portion of the applicant's income comes from public assistance, or if the applicant has in good faith exercised any rights under the Consumer Credit Protection Act.

Loomy Cash Advance, LLC, operates as a sovereign enterprise. It serves as the economic development arm and instrumentality of the Lac Courte Oreilles Band of Lake Superior Chippewa Indians (the “Tribe”), which is a federally recognized sovereign American Indian Tribe. This means that the installment loan products offered by Loomy Cash Advance are provided by a sovereign government, and the revenue generated from our business supports governmental services for Tribe citizens.
As a sovereign entity, Loomy Cash Advance is not subject to lawsuits or legal processes in the same manner as typical businesses. Instead, we are regulated by the Tribe, and any disputes must be resolved under Tribal law or according to the terms outlined in your loan agreement. Specifically, our contracts state that potential avenues for dispute resolution include informal yet efficient Tribal processes or individual arbitration before a neutral arbitrator.
If you are uncomfortable doing business with a sovereign entity that cannot be sued in court, we advise you to cease using this website and refrain from borrowing money from Loomy Cash Advance.
We aim to ensure that your experience with our sovereign enterprise is positive. Our commitment to excellent customer service is a source of pride for us. The Tribe has established customer-friendly procedures for the affordable resolution of any disputes with Loomy Cash Advance. If customer service and the Tribe’s dispute resolution process do not resolve your issue, we also provide the option of individual arbitration before a neutral arbitrator. The Tribe is dedicated to promoting fairness and ease of use to enhance the experience of Loomy Cash Advance customers, with the overarching goal of ensuring satisfaction.

All loan terms will depend on the applicant's qualifications, which may include factors such as credit profile and income.

Loan Payment Information

Each loan comes with a specified due date outlined in the customer loan agreement. If a payment is not made by the due date, non-sufficient funds fees or other applicable fees may apply, as detailed in the loan agreement. All collection efforts for overdue accounts are carried out professionally, fairly, and in compliance with relevant laws. Customers experiencing difficulties with loan repayment may have options for repayment plans. For more information, please reach out to our customer service representatives at 855-650-6641.