Hi everyone, I’m a 24-year-old from California. I recently took out a $1,000 tribal loan to buy clothes for my son and a gift for my partner, who just gave birth. I get paid weekly ($1,000 a week), so paying it back isn’t a problem. The operator told me I could either pay it all in one go ($1,132) or make weekly payments.
Now, I’m reading horror stories about these types of loans, and I’m feeling anxious. Should I just pay it all at once this Friday or stick to weekly payments? Any advice would help.
Never take out loans for gifts or extras. Maybe clothes, but even then, you could shop second-hand. Debt will only make things harder for your family.
$1,000 could’ve been saved for something meaningful, like your future or emergencies. Next time, make a homemade gift for your partner. It’ll mean more and save you money. You’re working hard already—just focus on saving and avoiding these loans in the future.
When I dealt with tribal loans, I called my bank and blocked all automatic withdrawals from them. I’m also in California, and I’ve done this multiple times without any issues. They didn’t even send me to collections.