Comet Loans Watchlist
Tonto Apache Tribe · lending since 2016
Comet Loans is gone — its domain no longer resolves at all. What survives is a Washington regulator’s record of one borrower’s experience: no loan agreement at origination, terms that changed afterwards, and a threat to send a wage assignment form to their employer. That last detail is why this dead brand still matters, because a wage assignment is the one tool that reaches your paycheck without a court ever being involved.
Comet Loans at a glance
Watchlist- Owning tribe
- Tonto Apache Tribe
- Lending since
- 2016
- Loan amounts
- Never disclosed
- APR range
- Never disclosed
- Product
- installment
- Website
- cometloans.com
What a Comet Loans loan really costs
We cannot state what a Comet loan cost. The company published no rates that we could verify, and the figures on directory sites have no traceable source.
The Washington DFI complaint describes something worse than a price, though. The borrower said they did not receive a loan agreement when the loan was originated, and that the terms they were later held to differed from what had been agreed.
Without an agreement there is no TILA disclosure, and without a TILA disclosure the borrower has no fixed number to hold the lender to — which is precisely the condition in which terms can change. The regulator notes these allegations are unverified. They are also exactly the kind of allegation a regulator publishes an alert about.
- No longer originating loans
- Defunct — cometloans.com no longer resolves in DNS
- A regulator recorded a complaint that no loan agreement was provided at origination
- The same complaint alleges the terms were changed after the fact
- Threatened to send a wage assignment form to a borrower’s employer
- Its APR and loan amounts were never published by any source we could verify
- BBB lists it as Not Rated for lack of information
Where Comet Loans lends
No longer originating. Washington DFI’s December 2019 alert named the Tonto Apache Tribe d/b/a Comet Loans as not licensed in the state.
Does Comet Loans report to credit bureaus?
No evidence Comet reported to Equifax, Experian or TransUnion.
Any surviving balance sold to a collector can be reported to the main bureaus by that collector.
If you were subject to a wage assignment, revoke it in writing — see below.
The wage assignment threat, and what to do about one
The complaint on file with Washington DFI says Comet threatened to send a wage assignment form to the borrower’s employer. This deserves explaining, because it is the most misunderstood clause in tribal lending.
Normally a lender cannot touch your wages without suing you and winning a judgment. A voluntary wage assignment is the workaround: a clause buried in the loan agreement in which you supposedly pre-authorise your employer to divert part of your pay directly to the lender.
No lawsuit, no judge, no chance to defend yourself — just a form sent to your payroll department.
The critical fact is in the word "voluntary". A voluntary wage assignment can be revoked in writing at any time. Send the revocation to the lender, and send a copy to your employer’s payroll department so they have it on file before any form arrives.
Several states ban or heavily restrict these clauses outright, and a wage assignment attached to a loan that is void under your state’s rate cap is worth nothing anyway. If a form has already reached your employer, that is a matter for your state regulator and the CFPB — and it is evidence worth keeping.
How we know it is gone
cometloans.com no longer resolves in DNS — it has no address records at all. That is a step beyond a parked page or a for-sale listing: the domain is not merely idle, it is unreachable. The last archived capture that returned a working page dates from March 2025.
BBB lists the company as Not Rated, stating it lacks sufficient information to issue a rating, with a business start date of July 2016 and a file opened in August 2018 at the Tonto Apache Reservation in Payson, Arizona.
A related bankruptcy matter, Hall v. Comet Loans, was filed in the Eastern District of Michigan (21-04068) in March 2021.
There is no wind-down notice, no refund programme and no announced successor. As with most of this industry, the brand simply stopped.
Frequently asked questions
Is Comet Loans still lending?
No. cometloans.com no longer resolves in DNS, and the last working archived capture is from March 2025. There was no closure announcement.
Can Comet Loans take money from my paycheck?
A Washington DFI complaint records that it threatened to send a wage assignment form to a borrower’s employer. A voluntary wage assignment lets a lender reach your wages without suing you — but because it is voluntary, you can revoke it in writing at any time. Send the revocation to the lender and a copy to your payroll department.
What APR did Comet Loans charge?
We could not verify it. The company published no rates that survive in any source we could check, and one documented complaint alleges a borrower never received a loan agreement at origination at all.
Is Comet Loans a tribal loan?
Yes. Comet Loans is a tribal lending brand owned by the Tonto Apache Tribe in AZ. That means it lends under tribal law and claims sovereign immunity from your state's interest-rate cap, rather than holding a state lending licence. It has never published an APR we could source, which is itself a warning sign. Whether the loan is enforceable where you live depends on your state.
Is a loan from Comet Loans legal in my state?
It depends entirely on your state. High-cost tribal loans are effectively banned in nine states, where a loan above the rate cap can be void and not legally collectible, and restricted in many more. Comet Loans claims tribal sovereign immunity from those caps — an argument courts have accepted in some cases and rejected in others. Check your state before you borrow, and especially before you pay a collector.
How this site works
We are an independent registry — not a lender, not a broker and not a lead generator. This lender did not pay to appear here and cannot pay to change what the review says. We take no money from any lender and sell no applications.
Entries are built from the lender's own published disclosures, tribal corporate and lending-authority records, federal and state court filings, and CFPB, FTC and state regulator actions. Of the 143 brands in the full list of tribal lenders, 41 are confirmed lending, 74 sit on a watchlist pending verification, and 28 have shut down. Where a figure cannot be sourced we leave it blank rather than estimate it — which is why some entries are deliberately incomplete.
Read how we score lenders and our editorial standards.