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Frequently Asked Questions

At FederalCreditLoans, we strive to ensure that our users are fully informed about our services and about the financial products they can request through our website. Below we have provided answers to some of the most common questions we receive from users. If you have further questions that are not answered below, please do not hesitate to contact us at support@federalcreditloans.com. We are always happy to assist our customers, and will respond to your questions as quickly as possible.

  1. Is FederalCreditLoans a lender?
  2. Does FederalCreditLoans conduct credit checks?
  3. How long does it take to request a loan?
  4. How much money can I receive?
  5. How soon can I receive my funds?
  6. What are the rates and terms for my loan?
  7. What should I do if I miss a payment or can’t repay my loan?
  8. What is the cost of a short term consumer loan?
  9. If I already have an outstanding cash loan is it possible to get a new one?
  10. When and how do I repay my loan?
  11. What happens if I'm late with a payment?
  12. How is my private information protected?
  13. When can I get another loan?
  14. Is an extension possible on repaying my loan, and how many extensions can I get?
  15. What happens if I'm not able to repay my loan?


  1. Is FederalCreditLoans a lender?

    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.

  2. Does FederalCreditLoans conduct credit checks?

    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.

  3. How long does it take to request a loan?

    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.

  4. How much money can I receive?

    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.

  5. How soon can I receive my funds?

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

  6. What are the rates and terms for my loan?

    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.

  7. What should I do if I miss a payment or can’t repay my loan?

    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.

  8. If I already have an outstanding cash loan is it possible to get a new one?

    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.

  9. When and how do I repay my 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).

  10. What happens if I'm late with a payment?

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

  11. How is my private information protected?

    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.

  12. When can I get another loan?

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

  13. Is an extension possible on repaying my loan, and how many extensions can I get?

    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.

  14. What happens if I'm not able to repay my 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.