Blue Trust Installment Loans Review

Published by Stephen Steighner on

Blue Trust Loans is a popular installment loan provider online. They will lend upon approval anywhere from $100 to $2,000 with funds being received as soon as the next business day. The application process is easy online with a form that takes around 10 minutes to fill out.  After you complete your application you will find out in near real-time on whether or not you are approved for the loan. If you are approved it is important to read the loan terms, APR, and fees and to fully understand these before accepting any loan offer.

Short-term loans generally have a high APR with fees and should only be used in an emergency if you cannot obtain cash otherwise such as from a relative or friend. But if you need cash and know that you can pay back the loan quickly with no hassles such on your next paycheck or two an installment loan can be a useful source of quick funding. It’s important not to get trapped in a vicious cycle of payday loans or by relying on them as a source of income. These short-term loans can be a lifesaver though when you need cash fast and know you can pay the loan back without any trouble.

Blue Trust Loans has a program called the Club Blue rewards card which has multiple levels of membership and they are blue, silver, gold, and platinum tiers. Once you apply for any loan with Blue Trust and pay it back on time you are automatically enrolled and a part of the Club Blue rewards program. The higher your membership level the better loan rates you will be able to receive on any future loans you may take out. The higher tiers will also allow you to borrow more cash all the way up to $2,000. Membership is automatic and all you have to do is apply for a loan with blue Trust.

In order to get a loan from blue Trust, you will need a source of income that meets their requirements, a checking account and you have to be at least 18 years of age. Blue Trust Loans specializes in installment loans that you pay back over a period of time in payments. According to Blue Trust, various factors go into determining how much you can borrow and how many payments you will have to pay it back in full. They also allow you to pay your loan back early without any additional penalties and this is recommended in order to potentially avoid extra interest and fees and thus save money.

After you fill out the quick online application Blue Trust will let you know if you’re approved and if so present their loan offer to you. They will also call you to verify some basic information for security reasons. So if you need money as soon as tomorrow and can’t wait until your next paycheck Blue Trust Loans is a viable option. If you have never obtained a loan from Blue Trust their initial loan cap is $1,200 so this would be the largest that you could take on your first loan with them. If you are a returning Blue Trust customer however and qualify they will lend you up to $2,000.

For paying your loan back they will generally schedule your payments to coincide with your paydays or your income. The length of time that they generally give you is around 6 months to pay the loan back in full. But of Course, you’re going to want to pay it back a lot quicker if you are able to save money on loan interest and fees.

So what are others saying about Blue Trust Loans? What have their customers experience been with borrowing from this company? They currently have a C- rating with the Better Business Bureau including 73 complaints against the company. So obviously they have made some customers upset for various reasons. Well, there is no company out there that can make everybody happy but it may be wise to use some caution before using Blue Trust Loans if we were to judge them solely based on their Better Business Bureau rating alone. It is always best to do your homework before taking a loan from anyone to ensure that you will not be burned in return by a shady lender. Good luck on finding the funds you need to help see you through to your next payday.