Merit Financial Trust Watchlist
Wakpamni Lake Community Corp. (Oglala Sioux)
Recorded on the BBB profile as "WLCC Lending MFT dba Merit Financial Trust" — one of four names on that single entity, alongside Quincy Adams Group, Ocean Park Funding and Rainofcash. Listed as a trading name of the Wakpamni Lake Community Corporation on its BBB profile — one file carrying 45 storefronts, rated B with 122 complaints, business started 31 December 2011. WLCC gives each brand its own suffixed LLC, so a judgment against one does not automatically reach the others. Its rates and loan amounts were never published anywhere we could verify. (Read first-hand from the BBB profile, July 2026.)
Merit Financial Trust at a glance
- Owning tribe
- Wakpamni Lake Community Corp. (Oglala Sioux)
- Lending since
- Unknown
- Loan amounts
- Never disclosed
- APR range
- Never disclosed
- Product
- installment
Skip Merit Financial Trust if…
- You need a lender we can confirm is still making loans — its status is unconfirmed.
- You want to know the price before you apply — we found no rate it has ever published.
Because Merit Financial Trust never published one that we could verify, and we do not print figures we cannot source. Comparison sites quote APRs for brands like this routinely; we went looking for where those numbers come from and could not find an origin for them.
What we can show you is the record: who the courts and regulators say is behind the brand, and whether any of it cancels your balance. If you hold an agreement from this lender, the TILA box inside it is the only rate that means anything — and it is worth keeping.
Frequently asked questions
Is Merit Financial Trust a tribal loan?
Yes. Merit Financial Trust is a tribal lending brand owned by the Wakpamni Lake Community Corp. in SD. 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 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 Merit Financial Trust 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. Merit Financial Trust 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.
Independent registry: this lender did not pay to appear here and cannot pay to change the review. We take no lender money. How we score · Editorial standards