Tribes are like States in the eyes of the United States Constitution. Tribes derive their sovereignty from treaties made directly with the United States; specifically, sovereignty is derived from the Indian Reorganization Act of 1834 among others. According to BIA.gov, “Article 1, Section 8 of the United States Constitution vests Congress, and by extension the Executive and Judicial branches of our government, with the authority to engage in relations with the tribes, thereby firmly placing tribes within the constitutional fabric of our nation. When the governmental authority of tribes was first challenged in the 1830's, U. S. Supreme Court Chief Justice John Marshall articulated the fundamental principle that has guided the evolution of federal Indian law to the present: "That tribes possess a nationhood status and retain inherent powers of self-government.”
Now that we’ve brushed up on our history, let’s talk about RadiantCredit as a Tribal Lending Entity. By doing business with RadiantCredit online, you are virtually conducting a financial services transaction on Tribal Reservation under the laws of the Tribal Council of Lac Du Flambeau Band of Lake Superior Chippewa Indians. RadiantCredit is incorporated under the laws of the Tribe, as an economic arm of the Tribe. Proceeds from lending businesses are used for Tribal education and development initiatives.
Just like other online merchants, the Tribe has a right to offer innovative financial services from its territory to consumers in an arms-length contractual manner to citizens of the United States.
If you believe you need to escalate the issue even further, please call the Tribal Consumer Hotline at 1-855-588-8100. You can email the Tribal Consumer Finance Hotline at firstname.lastname@example.org.
We will do our best to rectify the situation if there was any mistake made by us, our staff, or our vendors who provide important services in connection with our loans.
You do however give up the right to sue RadiantCredit in a state court. You are also effectively waiving your right to trial by a jury.
The dispute resolution mechanism is how you can contest any part of the loan agreement once you enter it. But don’t worry, our trained dispute resolution team will work with you to first find an amicable resolution or settlement. We love our customers and want you to only think of us when requiring certain financial products.
Our APR varies based upon varying factors of each loan. Different factors could include the amount in which you borrow and the frequency of your pay dates. The actual terms, rates, annual percentage rates (APRs), or fees associated with the loan you may receive will be fully disclosed in detail in your proposed loan agreement. By way of example, our APR can range between 36% and 690%. We reward good financial behavior with invitation to our RadiantClub program.
A $25 late fee (per late installment payment) will be charged after a payment is 5 days late (unless a make up payment has been made within the 5 day time frame).
A $30 NSF fee will be charged. of the customer is paying by check, the NSF fee will be charged if the payment has not been posted within 3 days of the payment due date. If the customer if paying via ACH, the NSF fee will be charged the same day as the missed payment.
However, if you fail to work with us on adjusting the loan and setting a payment plan, we will suspend your account and access to our loans. We will also be forced to report to several credit bureaus about your non-payment or refusal of payment. Please take this very seriously, as this will hurt your chances of getting credit from other lenders in the future. We will also be eligible to contract outside collection agencies (compliant with FDCPA).