FAQ

General Questions

Redhawk Lending LLC dba Federal Credit Loans Is A Commercial Enterprise And Instrumentality Of The Alabama-Quassarte Tribal Town Indian Tribe Of Oklahoma, A Federally Recognized Sovereign Indian Nation (The ?Tribe?), Which Abides By The Principles Of Federal Consumer Finance Laws, As Incorporated By The Tribe, And Operates Within The Interior Boundaries Of The Alabama-Quassarte Tribal Town Reservation.

FederalCreditLoans does not conduct a traditional credit check through the three major credit bureaus, but may conduct a ?soft pull? through another provider. This type of ?soft pull? does not affect your credit score. Depending on the occasions, FederalCreditLoans.com may conduct traditional credit checks with the three major credit reporting bureaus. This type of credit check may have an impact on your credit score. If you are not comfortable with having your credit checked, do not submit your information through FederalCreditLoans? request form.

The loan request process should take you only a few minutes, assuming you have the necessary information on hand. Once you submit your information, our agents will determine whether or not a loan can be offer to you. Usually, you will receive a decision within just a few minutes of submitting your request. However, FederalCreditLoans makes no guarantee as to the exact amount of time your request may take.

The amount of money that you may receive is determined by the submitted application. You may use the FederalCreditLoans website to request up to $1,200, but FederalCreditLoansmakes no guarantee as to how much you will be approved for, or that you will be approved at all. If you are not approved for the amount you would like, you are welcome to submit another request using the FederalCreditLoans request form at any time.

Cash transfer times vary, but usually the funds can be direct deposited into your checking account in as little as one business day.

There is ZERO cost to use our Website. The cost of borrowing varies and is based on a borrower's personal eligibility for a loan. Upon approval, you will be presented with an interest rate and repayment terms for your review. Remember, no loan is issued unless you electronically accept the rate and repayment terms.

Repayment terms and nonpayment penalties associated with your loan will vary based on the initial agreement. Please contact us directly with any questions about repayment and/or missed payments. Additionally, if you anticipate being unable to make a future payment, FederalCreditLoans recommends that you contact us as soon as possible.

You may be allowed to secure more than one personal loan at any given time, but this will depend on your state's laws as well as your lender's practices. If you have an outstanding personal loan or other personal loan, you should our agents know about it before you accept a new loan.

If you have selected the convenient and secure ACH payment option, your loan payment will be withdrawn from your bank account on its due date. This option is designed for convenience and helps you avoid potential late fees or default! If you need an extension on your loan, please contact your agent before you miss a payment (additional fees may be involved).

Each agreement has its own late payment policy and fees. Check your loan documents for details.

We use industry-recognized security and advanced encryption technology to protect your personal information. Your information is transmitted and stored securely in an encrypted format. Please review our privacy policy for additional details.

You can use our service to get a new loan at any time (subject, of course, to state law restrictions).

The rules on extensions or ?rollovers? will vary.. If you need an extension on your loan, make sure to contact your agent before you miss any payments. Our team will work with you to help you avoid missing payments or defaulting on your loan.

If you can't make your loan payments on time, you may be in default of your loan obligations. If that happens, our agent may try and secure repayment from you using debt collection methods that are professional, fair and in compliance with the law. Federal Credit Loans follows the Fair Debt Collection Practices Act guidelines when attempting to collect loans in default. Late payments and loan defaults may adversely affect your credit and may make it difficult to obtain future personal loans.

If you can't make your payments on time, don't ignore it! Talk to your agent ahead of time and see what they can do to help you make the best of the situation.
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