Mobiloans Active
Tunica-Biloxi Tribe · lending since 2012
Mobiloans is a line of credit, not an installment loan — its two-part fee structure hides an effective APR up to 405%, and whether its arbitration clause binds you now depends on which federal circuit you're in.
Mobiloans at a glance
- Owning tribe
- Tunica-Biloxi Tribe
- Lending since
- 2012
- Loan amounts
- $500–$3,000
- APR range (reported)
- 73.7–405%checked Jul 2026
- Product
- line of credit
- Website
- mobiloans.com
What a Mobiloans loan really costs
Mobiloans is an open-end line of credit — not a fixed installment loan — with limits of $500 to $3,000.
Its cost comes in two parts: a Cash Advance Fee on every draw (roughly $1.20–$3.50 per $20, with the per-$20 rate falling as the draw grows) plus a Fixed Finance Charge each billing cycle you carry a balance (about $10–$160, scaled to the balance). Together these produce an effective APR of 73.7% to 405%.
The trap is the minimum payment: paying only the minimum on a $1,000 balance can total around $3,000 over roughly 14 months. A rewards program cuts fees 10–65% for consistent on-time payers.
- Revolving line of credit — draw only what you need, up to $3,000.
- A rewards ladder cuts fees by 10–65% for on-time payers.
- No early-repayment penalty.
- Effective APR up to 405%; the two-part fee structure is hard to compare.
- Minimum-payment-only repayment balloons the cost ($1,000 → ~$3,000).
- Two state regulators (WA, CA) warn it is unlicensed.
- Defaulted accounts are sold to a debt buyer.
Skip Mobiloans if…
- You live in a state it does not lend to: Colorado, Connecticut, Georgia, Illinois and 16 more.
- You want to see the APR before you apply — it publishes none; the rate appears only in the agreement.
- You want a fixed payoff date — this is a revolving line of credit with minimum payments.
Where Mobiloans lends
Mobiloans serves roughly 29 states. Washington's DFI and California's DFPI have both issued alerts that Mobiloans is not licensed in their states.
By its own terms, Mobiloans does not lend to residents of:
Does Mobiloans report to credit bureaus?
Mobiloans is non-committal — it 'may report your payment history to one or more credit bureaus,' with no guarantee, and it refuses pay-for-delete. It runs a hard credit pull at application with no soft prequalification. Reporting and collections can hurt your score.
Who actually owns and runs Mobiloans
Mobiloans, LLC is owned and operated by the Tunica-Biloxi Tribe of Louisiana, based in Marksville, Louisiana. It was historically serviced and managed by the non-tribal fintech Think Finance — the relationship at the heart of its litigation.
One nuance in the tribe's favor: its Lending Code incorporates federal consumer-protection law, so FDCPA claims survive even in tribal arbitration.
The Think Finance settlement and a circuit split on arbitration
Mobiloans cash advances taken before May 6, 2017 were covered by the $44.53 million Think Finance class settlement (part of roughly $1 billion in aggregate Think Finance relief), including debt forgiveness and tradeline removal.
What Mobiloans costs in dollars
Mobiloans's highest reported APR is 405% APR. Below is what that rate does to the amounts it actually lends, repaid over 12 monthly payments.
| You borrow | Monthly | Total repaid | Interest |
|---|---|---|---|
| $500 | $174 | $2,089 | $1,589 |
| $1,800 | $627 | $7,519 | $5,719 |
| $3,000 | $1,044 | $12,532 | $9,532 |
At 405%, a $500 balance accrues about $169 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
Is Mobiloans a loan or a line of credit?
It is an open-end line of credit, not a fixed installment loan. You draw against a limit of up to $3,000 and pay a cash-advance fee per draw plus a fixed finance charge each cycle you carry a balance — an effective APR up to 405%.
Do I still owe my Mobiloans balance?
Cash advances taken before May 6, 2017 were covered by the Think Finance class settlement (debt forgiveness and tradeline removal). Balances after that may still be owed — but if your account was sold to a debt buyer like Global Trust Management, your rights depend partly on your federal circuit, given the split over its arbitration clause.
How do I keep Mobiloans from getting expensive?
Avoid paying only the minimum — that can turn a $1,000 balance into roughly $3,000. Pay the balance down quickly (there is no early-repayment penalty), and use the rewards ladder, which cuts fees 10–65% for on-time payers.
Is Mobiloans a tribal loan?
Yes. Mobiloans is a tribal lending brand owned by the Tunica-Biloxi Tribe in LA. 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 73.7–405% — 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 loan from Mobiloans cost?
Mobiloans lends $500–$3,000 at 73.7–405% APR (reported — Mobiloans 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 loan from Mobiloans 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. Mobiloans 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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