Jason Rathman
Written by Jason Rathman

Jason writes about all financial topics such as loans, debt solutions, and bankruptcy. He is an expert when it comes to subjects like APR, loan fine print, debt collection laws within the United States. With his in-depth knowledge of all things financial, he is a great asset to Greendayonline.

  • Limited types of loans available
  •  High-interest rates
  •  Loan payments may be expensive.
  •  The lender may restrict the usage of loan proceeds.
  •  Not suitable for those with a Bad credit score

The Kashia Band of Pomo Indians of the Stewarts Point Rancheria run Better Day Loans, a tribal lender. It specializes in providing bad credit borrowers with emergency installment loans. Applying can be done online, and Better Day asserts that if accepted, loan proceeds could be deposited into your account as soon as 24 hours after approval. However, remember that the time it takes to access your cash may vary depending on your bank.

Before applying for a Better Day Loans loan, here are some things to consider if you need money quickly for a car repair, medical bill, or other emergencies.

What are the Pros and Cons of Better Day Loans?


  • Type of loans offered in small amounts
  • You may get the money instantly.
  • There are no restrictions on how to use the funds.


  • Limited variety in the type of loans available
  • High-interest rates
  • Loan payments may be expensive.
  • The lender may restrict the usage of loan proceeds.
  • Not suitable for those with a Bad credit score
  • You must talk with a loan agent to complete the loan application process.
  • Not all states permit fixed-loan term installment payments.
  • The interest rate and fees are quite high.

Ensure you know the chances of being approved for the payday loan you request online before applying.

Better Day Loans Personal Loan Information You Should Know

Better Day Loans, created by Pomo Indians, specializes in short-term installment loans for bad credit clients. You may apply online. Better Day Loans promise to deposit your approved loan within 24 hours. Depending on your bank. Cash withdrawals may take longer.

Know whether you need a Better Day loan for a vehicle repair, medical expense, or another urgent financial emergency.

You don’t need the money quickly. Select a reasonable online lender to deal with your credit in such a scenario.

How Much Can I Borrow?

When applying for a personal loan and considering various loan programs, you could borrow as much as $1,000, depending on the lender. On the other hand, Better Day Loans offers legitimate loans with installment loans ranging from 0 to $5,000, so you may only borrow as much as you need.

If you are a first-time borrower, you will only be eligible for a loan of up to $1,500 – but remember that maximum loan amounts vary for eligible consumers. The money might be in your account before the next business day.

When Better Day Loans Are Worth Considering

Suppose you need financial assistance to pay for necessary medical expenses or car repairs. In the event of an unexpected circumstance, you will only have a little time to wait for the outcome of your loan application.

Be aware that the time it takes to get the money may vary depending on your selected bank.

Expect a High Rate of Interest

When it comes to short-term loans, payday loans are by far the most common and costly option. According to the Consumer Financial Protection Bureau, a typical two-week payday loan has costs equal to an Annual Percentage Rate (APR) of close to 400 percent and additional finance fees.

Internet payday loans and installment loans from Better Day Loans have higher APRs than typical payday loans. This interest rate might cost you hundreds, if not thousands, of dollars more than you borrowed initially. Moreover, repayment periods tend to be shorter, making this borrowing method even more expensive.

An Example of How Better Day Loans Work

Suppose you qualify for a 780 percent APR loan of $1,000. Using a monthly payment plan, you must pay back $3,904.56 if you make 24 payments of $162.69 per month. In other words, on top of the principle, you will pay almost $3,400 in financing charges.

Applying for Better Day Loans is easy since you can do it online. Remember the potential debt trap and Processing fees associated with payday loans. For this reason, you must first talk with a customer care representative by phone to get your application processed.

Most personal and payday loan companies enable applicants to apply online and decide without speaking with a representative; others do not. You can discuss your loan repayment plan with Better Day Loans and manage your living expenses accordingly.

Other Additional Charges

Better Day loans offer emergency funds; if you choose to accept them, you must make all your payments on schedule. Without it, you risk being hit with hefty fines. Better Day Loans will levy a $30 late fee if your loan is unpaid in two weeks. Insufficient funds will cost $30 to reprocess.

Ensure you know the chances of being approved for the traditional payday loans you request.

Submit Your Application Today

Here’s some more information about installment loans from Better Day Loans.

When you apply for a loan with a reputable lender like Better Day Loans, you may choose between biweekly, weekly, or semimonthly installments.

Those taking out a loan for the first time face restrictions on funding amounts. The maximum amount you may withdraw if you are a new customer is $1,500. Customers who return to the store may be eligible for a loan of up to $3,000.

What Are the Eligibility Requirements?

You must be at least 21 to qualify for Better Day loans. Anyone over 21 with a job, a regular income source, a valid bank account, and an acceptable range of credit scores can borrow from Better Day Loans.

Not All States Have This Option Available to Them

Better Day Loans does not offer loans to citizens of all states. Consider alternative payday lenders in some states.

How to Avoid Paying High Interest on the Loans

To avoid paying high interest on the loans, ensure you have all necessary documentation prepared and understand the terms and conditions. Additionally, make timely repayments and maintain good communication with your lender.

There are not any fees associated with paying in advance. One approach to saving money is to pay off your loan early. Better Day Loans lets you repay your loan whenever you choose, with no early repayment fees.

Is It a Good Idea to Get a Better Day Loan?

Borrowing with Better Day Loans is expensive because of the astronomically high-interest rates. However, those with excellent credit scores may get more loan benefits, loan relief from other sources, and bigger loan sizes. The loan agreement may also be more conducive for you. An option if you have no other way to pay for unplanned expenditures.

Alternatives to Better Day Loans

Suppose you need money for an emergency, such as a car repair or a medical bill. It would help to look into other options before applying for a loan from Better Day Loans.

Use your credit card to make a purchase.

Although you may have low credit, credit cards are available for folks with less-than-perfect credit. Better Day Loans and payday lenders offer lower APRs than credit cards. Keep in mind; there may be a minimum credit score requirement for some of these credit cards.

Make a payment schedule.

Set up a payment plan with your doctor’s office or hospital and split the cost into monthly installments if you have medical expenses. Check for consumer complaints to ensure you’re dealing with a reliable provider.

Get a salary advance.

Consider asking for a payroll advance to get your next payment sooner if you have a job. However, it’s important to stick to the loan agreement. Read online reviews to learn about other people’s experiences with such advances.

Seek assistance

If you are tight, approaching family and friends for a modest loan is the most cost-effective way to meet unexpected expenses. Check their major credit bureaus’ reports to understand their financial situation.

Create a budget

Consider taking on additional payments to eliminate the debt before it is due and save money on interest.

What Is the Procedure for Obtaining Better Day Loans?

  • The loan application is made online. You cannot determine your interest rate or whether you will be approved for a payday loan alternative before applying because it does not provide a prequalification tool.
  • Your name, address, Social Security number, wages, and employer contact details will be requested if you apply for Better Day Loans. Additionally, the routing number and bank account number must be supplied.
  • Unlike traditional payday loans, one of the customer service representatives will call you to check your information after you have finished the online application. The loan will be available in a few business days if accepted. It depends on the bank you use.

Consider these two options to avoid paying high-interest rates or locate a financial institution that lets you compare rates.

Earnin App

One alternative to better day loans is to take out a payday loan alternative against your salary using the Earnin app without paying fees or interest (just possible tips). You can avoid potential legal consequences and maintain a good financial record by repaying the loan on time.


Rise offers online installment loans, which could help you avoid the pitfalls of traditional payday loans. They provide loan discharges within a reasonable timeframe. They might be suitable if you need more time to repay the loan. Make sure to check their maximum period for repayment to ensure it meets your needs.

Rise is among the payday lenders that lets you check your potential interest rate before you apply, and it does not affect your credit ratings.

Frequently Asked Questions

Is Better Day Loans a legitimate lender, or is it a scam?

Better Day Loans appears to be a legitimate lender, though some customers report excessive fees. They are an online lender owned by the Lac Vieux Desert Band of Lake Superior Chippewa Indians. There are no recent major lawsuits. Use caution and read all terms when borrowing.

Have there been any recent lawsuits or legal issues associated with Better Day Loans?

There do not appear to be any recent major lawsuits or legal actions taken against Better Day Loans. Some individual complaints exist about aggressive collection practices but the company remains accredited with the Better Business Bureau.

What payment options are available when dealing with Better Day Loans?

Better Day Loans accepts payments via ACH bank transfer, paper check, money order, debit card, or phone payments through their automated system or agents. They also allow auto-pay setup from a valid checking account for recurring payments.

Can you provide an overview of the interest rates and fees associated with Better Day Loans?

Interest rates from Better Day Loans typically range from about 60% to 365% APR when annualized. Origination fees of 1-5% may apply. Late fees can be around $20 per late payment. There are no prepayment penalties but origination fees may reduce benefit of early payoff.

Are there any customer reviews or testimonials about their experiences with Better Day Loans?

Reviews are mixed. Positive testimonials praise quick funding and easy qualification. Complaints cite difficulty cancelling auto-pay, pressure to roll over loans, and issues with non-responsive customer service. Research thoroughly before borrowing.

Jason Rathman

Jason Rathman


Jason writes about all financial topics such as loans, debt solutions, and bankruptcy. He is an expert when it comes to subjects like APR, loan fine print, debt collection laws within the United States. With his in-depth knowledge of all things financial, he is a great asset to Greendayonline.