Fineday Funds Active
Menominee Indian Tribe (Eagle Lending) · lending since 2022
A 2025 RICO suit against Fineday Funds names nine individual Menominee legislators and alleges the tribe keeps just 2% of the revenue — while borrowers pay APRs up to 795%.
Fineday Funds at a glance
- Owning tribe
- Menominee Indian Tribe (Eagle Lending)
- Lending since
- 2022
- Loan amounts
- $300–$2,000
- APR range (documented)
- 617–795%checked Jul 2026
- Product
- installment
- Website
- finedayfunds.com
What a Fineday Funds loan really costs
Fineday Funds lends up to $2,500 on a paycheck schedule. It does not publish an APR, but documented borrower rates run roughly 617–795%: a $1,400 loan scheduled to repay more than $6,700 at 617.86%, a $1,000 loan ballooning to $4,499.44 with daily-accruing interest.
It advertises no early-payoff penalty — but complaints directly contradict that, describing borrowers double-charged at payoff (the payoff amount plus a same-day scheduled payment) and pushed into collections despite claiming to have paid in full.
- Loans up to $2,500 with fast, sometimes same-day, funding.
- No early-payoff penalty advertised.
- APRs run ~617–795%; a $1,400 loan repaid over $6,700.
- Borrowers report being double-charged when they pay off early.
- Two federal class actions in two states within 16 months.
- A RICO suit alleges the tribe receives only ~2% of revenue.
Skip Fineday Funds if…
- You want to see the APR before you apply — it publishes none; the rate appears only in the agreement.
Where Fineday Funds lends
Fineday does not publish an excluded-states list. Georgia has been litigated (its 8% cap for unlicensed lenders); confirm your state before borrowing.
Does Fineday Funds report to credit bureaus?
Fineday references verification via unnamed 'national database services' and does not report to the major bureaus — so on-time payments will not build credit.
Who actually owns and runs Fineday Funds
Fineday Funds is operated by Eagle Lending, LLC, claimed by the Menominee Indian Tribe of Wisconsin and controlled by Wolf River Development Company (CEO Crystal Chapman-Chevalier), based in Keshena, WI.
The 2025 RICO complaint alleges non-tribal outsiders supply all the capital and run marketing, underwriting, funding, compliance, collections and web operations — with the tribe receiving only about 2% of revenue.
Two lawsuits in 16 months
Fineday is unusually heavily litigated for its size. Matthews v. Eagle Lending (N.D. Ga., 1:24-cv-02524, filed June 2024, by Kelly Guzzo) alleges a $1,400 loan at 617%+ APR — about 77 times Georgia's 8% cap — generating $5,300+ in finance charges over nine months.
What Fineday Funds costs in dollars
Fineday Funds's highest documented APR is 795% APR. Below is what that rate does to the amounts it actually lends, repaid over 12 monthly payments.
| You borrow | Monthly | Total repaid | Interest |
|---|---|---|---|
| $300 | $199 | $2,390 | $2,090 |
| $1,200 | $797 | $9,561 | $8,361 |
| $2,000 | $1,328 | $15,936 | $13,936 |
At 795%, a $300 balance accrues about $199 in interest every month. Any payment below that figure leaves you owing more than you started with, however long you pay.
Standard amortization at the published ceiling rate; fees are not included, and your actual rate and term may differ. Run your own numbers in the payoff calculator.
Frequently asked questions
What is the APR on a Fineday Funds loan?
Fineday does not publish it, but documented borrower rates run roughly 617–795% (one $1,400 loan was scheduled to repay over $6,700 at 617.86%). Read the APR box in your signed agreement.
Does Fineday Funds really have no early-payoff penalty?
It advertises none, but borrower complaints describe being double-charged at payoff — the payoff amount plus a same-day scheduled payment — and being placed in collections despite claiming full payment. Get any payoff quote in writing and watch your bank account after paying.
Is Fineday Funds being sued?
Yes — two federal class actions: Matthews v. Eagle Lending (N.D. Ga., 2024) and a 2025 RICO suit (S.D. Ind.) that names nine Menominee legislators and alleges the tribe keeps only ~2% of revenue.
Is Fineday Funds a tribal loan?
Yes. Fineday Funds is a tribal lending brand owned by the Menominee Indian Tribe in WI. That means it lends under tribal law and claims sovereign immunity from your state's interest-rate cap, rather than holding a state lending license. It is also why its APR reaches 617–795% — far above the roughly 36% cap most states set for small loans. Whether the loan is enforceable where you live depends on your state.
What does a Fineday Funds loan cost?
Fineday Funds lends $300–$2,000 at 617–795% APR (documented — Fineday Funds does not publish its rate). Near the top of that range, the total repaid on a loan run to term is several times the amount borrowed — check the total of payments in your agreement, not the monthly figure.
Is a Fineday Funds loan 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. Fineday Funds 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.
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