Credit Cube Loan Reviews: A Comprehensive Guide

Last Updated on February 22, 2025 by Amrita Das

When it comes to unexpected expenses or financial emergencies, having access to a quick and convenient loan service can be a lifesaver. CreditCube offers just that – an online lending platform that promises fast and hassle-free loans without the need for a credit score check. But with any financial decision, it’s important to do your research and consider customer reviews before committing.

In this article, we will take a closer look at Credit Cube loan reviews to help you make a well-versed decision about whether this loan provider is right for you. So, let’s find out what this guide has covered for you and read everything that you need to know about Credit Cube Loan.

Table of Contents

About CreditCube: Credit Cube loan reviews

CreditCube is a popular online tribal lender that offers small loans of up to $5,000 to individuals needing immediate financial assistance. Like traditional payday loans, CreditCube aims to relieve those facing unexpected monetary emergencies.

The application process is quick and efficient, with borrowers receiving their funds as soon as the next day. However, unlike most payday loan options, This platform permits borrowers to pay back their loans for several months rather than in one lump sum amount from their following paycheck.

While this may seem like a benefit, it also means that borrowers end up paying significantly more interest over time. With an APR ranging from 159.90% to 779.97%, CreditCube’s rates are significantly higher than those of credit cards, which typically have a maximum APR of 36%.

It is worth noting that CreditCube does not offer loans to residents of several states and reserves the right to change availability at any time without notice. Overall, while CreditCube may provide a quick solution for immediate financial needs, borrowers should carefully consider the high interest rates before taking out a loan with this lender.

CreditCube loan details

Unlike traditional lenders, CreditCube does not set a minimum credit score for loan eligibility. This means that even individuals with poor or no credit history can apply for a loan and potentially get approved.

However, it is important to note that the APR for CreditCube loans can range from 259% to an alarming 779.97%. Therefore, borrowers should carefully consider the high interest rates before taking out a loan.

When it comes to loan amounts, CreditCube offers a wide range from $200 to $5,000. However, first-time customers are limited to a maximum of $500 as a loan amount. This is a common practice among short-term lenders to ensure responsible borrowing and repayment.

Additionally, the loan terms for CreditCube loans are also short-term, which means borrowers will have to repay the loan within a specific time.

One of the biggest advantages of CreditCube loans is their quick approval turnaround time. Borrowers can potentially receive their loan approval in as little as 1 business day, making it an attractive option for those in urgent need of funds. However, these loans are not available in certain states including Connecticut,

Georgia
Illinois
Minnesota
New York
Pennsylvania
Vermont
Virginia and West Virginia.

In terms of fees associated with CreditCube loans, there are no prepayment penalties. This allows customers facilities to pay off their loans earlier without any extra charges. However, it is important to note that late and NSF fees may apply if a borrower misses or fails to make a scheduled payment.

Credit Cube loan reviews: Eligibility

Age

The first step to qualifying for a loan with CreditCube is ensuring that you meet the age requirement. Your age need to minimum of 18 years old or older in order to apply for a loan. This ensures that you are legally able to enter into a contractual agreement and understand the terms and conditions of the loan.

State of residence

CreditCube operates in certain states only, so it’s important to make sure that you live in one of these states before applying for a loan. The company provides services in several states across the US, but not all. Before proceeding with your application, be sure to check if CreditCube is available in your state of residence.

Active checking account

In order to receive a loan from CreditCube, you must have an active checking account. Having an active checking account shows that you are financially responsible and able to manage your finances effectively.

Consistent source of income

Having a steady and consistent source of income is essential to qualify for a CreditCube loan. This could come from employment, self-employment, or other sources such as retirement. Your income serves as proof that you can repay the loan and meet the payment schedule.

Verifiable phone number and email address

CreditCube requires applicants to have a verifiable contact number and email contact. This is important for communication purposes, as the company may need to contact you regarding your loan application or repayment schedule. Make sure to provide accurate contact information during the application process.

How to successfully apply for a CreditCube loan?

Applying for a loan can often be a tedious and time-consuming process. However, with CreditCube, you can complete the entire application online in just a few minutes. Here’s how:

Create an account: Begin by visiting the CreditCube website and clicking on the “Apply for a loan NOW!” option. This will prompt you to create an account by writing down your name, and email address, and creating a password.
Complete the Application: Once your account is created, you can proceed to fill out the application form. You will need to provide personal information such as your location, Social Security number, contact number, driver’s license number, and birth date, as well as details about your income and banking information.
Review and sign the contract: After you have submitted your application, CreditCube will verify your details and give you a loan offer. Take the time to carefully review all the details of the loan and its repayment schedule before electronically signing the contract.
Receive your money: Upon approval of your loan, you can expect to receive your expected amount immediately (within one business day). This quick turnaround time sets CreditCube apart from traditional lending institutions where waiting for funds can often take days or even weeks.

Is CreditCube a trustworthy company?

Yes, CreditCube is a legitimate loan provider. However, the company’s reputation has been called into question due to various red flags including its low(2.2) rating on the Better Business Bureau website and an ongoing class action lawsuit in Illinois.

The lawsuit alleges that CreditCube uses a “tribe-for-hire” model to bypass state usury laws and charge exorbitant APRs. This raises concerns about the fairness of their lending practices.

Although there are criticisms surrounding CreditCube, it should be noted that customers have three days after signing their contract to cancel their agreement if they change their mind. Additionally, the company follows industry-standard protocols to protect your personal information.

When using CreditCube, it’s important to keep in mind that your personal information may be shared with both affiliates and non-affiliates for companies marketing motives.

Credit Cube Loan Reviews: Why Choose CreditCube?

In today’s fast-paced world, having control over your finances is crucial. That’s why people choose CreditCube for their borrowing needs. With their Flex-pay product, you have the freedom to pay back your loan at any time without facing any early payment penalties.

This allows you to borrow money on your own terms and gives you the flexibility to manage your finances effectively.

At CreditCube, they believe in rewarding their customers for their loyalty and responsible financial behaviour. That’s why they offer lower fees and bigger loans as your Status improves.

As you continue to borrow and repay your loans with them, they take note of your positive credit history and reward you with better rates. This not only helps you save money in the long run, but also gives you the motivation to maintain a good credit score.

The Advantages of Choosing CreditCube for Your Loan Needs

Flexibility is a key aspect of the installment loans at CreditCube. CreditCube understands that life can be unpredictable, and they offer repayment plans tailored to your financial situation.
Their dedicated team of customer care professionals is always available to assist you with any questions or concerns you may have. Providing exceptional service to their valued customers is their top priority.
No need to worry about prepayment penalties with a CreditCube loan. In fact, they encourage early repayment as it can lead to significant savings on interest.
As a direct lender in all states where they operate, there are no middlemen involved when you work with CreditCube. From application to repayment, you deal directly with them.
Their Loyalty Program rewards returning customers with a lower interest rate and the opportunity for a higher loan amount each time they apply for a new loan.

Alternative options to CreditCube loan

When considering a tribal loan, it is important to explore all of your options. While CreditCube may seem like a convenient and fast solution, the steep interest rates and strict repayment terms can end up being costly in the long run.

Instead, consider utilizing online lenders such as Lending Tree, where you can compare interest rates and loan terms from reputable lenders side by side. This allows you to choose the best option that fits your individual needs and financial situation.

Credit unions also offer alternative loans without credit score requirements and lower interest rates than tribal loans. For those who need quick access to cash, Varo Advance provides immediate funds of up to $500 for a small fee and allows borrowers to pay back the advance within 30 days.

Current also offers a similar service, providing access to up to $750 before payday for a fee or within 3 business days at no cost.

Furthermore, there are alternative methods such as paycheck advance apps like Chime, peer-to-peer lending, and borrowing from friends and family that can provide a more manageable and affordable way to obtain a loan.

What happens to your credit score when you take out a CreditCube Installment Loan?

When considering taking out an installment loan with CreditCube, it’s important to understand the impact it may have on your credit score. One major benefit of using this lender is that they do report your account activity to credit bureaus such as Equifax, Experian, and Transunion.

This means that by making regular on-time payments to CreditCube, you are building a positive payment history which can reflect positively on your credit report. With consistent and responsible borrowing behavior, you may see an improvement in your credit score over time.

On the other hand, if you miss payments or default on your loan, this could harm your credit score since these actions will also be reported to one or more credit bureaus.

Different Ways to Contact CreditCube

If you ever need to get in touch with CreditCube, rest assured that there are multiple ways to do so. You can easily contact them by phone at 1-888-885-5646 during their customer service hours on weekdays from 7:00 a.m. to 6:00 p.m. ET.

If calling is not an option for you, you can also attain them via email at support@creditcube.com. Additionally, they have a strong online presence and can be contacted through various social media platforms such as Twitter (@Credit_Cube) and Facebook (@Credit-Cube).

With these multiple channels of communication, CreditCube ensures that their customers always have a way to contact them and receive timely assistance with any questions or concerns they may have.

Credit Cube loan review and complaints

While the company certainly has its share of satisfied customers, it also has garnered its fair share of negative reviews and complaints on various review websites. One such website is the Better Business Bureau (BBB), where CreditCube is not accredited and holds an F rating.

This low rating is likely due to the numerous complaints received by the BBB from unhappy customers.

On Trustpilot, a popular customer review website, the overall sentiment towards CreditCube seems to be more positive. The majority of customers have left 5 or 4-star ratings for their experience with the company.

Many happy customers praise the company for its simple and fast loan application process, as well as its quick disbursal of funds. For those facing an emergency and in need of immediate financial assistance, CreditCube may be a viable option.

However, on the BBB website, the story is different, with more negative comments than positive ones. This indicates that while some customers have had satisfactory experiences with CreditCube, there are also a significant number who have not been pleased with their services.

Many unhappy customers mention the high annual percentage rates (APRs) offered by CreditCube, which they believe border on predatory lending practices. Some even warn potential borrowers to only consider a loan with Credit Cube as a last resort due to these high interest rates.

Credit Cube Loan Reviews: Pros and Cons

CreditCube Pros

No credit score requirement: Unlike traditional loans, CreditCube does not base its approval process on your credit score, making it easier for those with less than perfect credit to get the money they need.
Flexible payment options: CreditCube offers various payment options to fit your financial situation, including early repayment without any penalties.
Convenient and fast application process: With minimal requirements and no lengthy application forms, you can easily apply for a loan from CreditCube and receive the funds as soon as the next business day.
Can be used for emergencies: Whether it’s unexpected car repairs or a medical emergency, CreditCube provides immediate access to funds for small financial emergencies.

CreditCube Cons

Limited loan options: While CreditCube offers a convenient and hassle-free loan service, it should be noted that their maximum loan limit for first-time borrowers is $500. While this may be sufficient for some individuals, it may not meet the needs of those who require larger loans.
Lack of transparency: The high interest rates and fees associated with CreditCube loans are often not fully disclosed to borrowers, leading to surprise charges and unexpected costs.
Predatory lending practices: CreditCube’s extremely high APRs can trap borrowers in a cycle of debt, making it difficult for them to repay the loan and improve their financial situation.
Limited consumer protection: As a tribal lender, CreditCube is not subject to state laws and regulations that protect borrowers from predatory lending practices, leaving individuals vulnerable to potential scams or unfair treatment.
Negative customer reviews: CreditCube has an F rating (2.2/5) from the BBB and has customer complaints regarding harassment, hidden fees, etc.

Credit Cube Loan Reviews: FAQs

Q: Who is responsible for managing CreditCube?

A: CreditCube is managed by the Big Valley Band of Pomo Indians, a sovereign government and federally recognized American Indian tribe. It is their Tribal enterprise.

Q. What is the process behind CreditCube installment loans?

A: CreditCube installment loans provide a convenient alternative to payday loans and overdraft fees. With their flex-pay loan option, you have the ability to repay the loan over several months instead of being required to make a full return on your coming payday.

Q. Which type of bank account is required in order to be eligible for a loan?

A: To qualify for a loan, you must have an operative checking account that takes in ACH credit and debits. Please note that savings accounts and prepaid accounts are not received as valid forms of payment for loans.

Q. How much can I borrow from CreditCube?

A: At CreditCube, the platform offers loan amounts ranging from $200 to $5,000. The specific amount you can borrow will be determined by your current CreditCube status and payment report with them.

If you are a first-time customer, you may be allowed for a loan of up to $500. However, if you have borrowed from us before and have maintained good repayment habits, you may apply for larger loans with lower interest rates.

Q. What is the location of CreditCube’s headquarters?

A: CreditCube’s headquarters are located in Finley, California. The company was founded in California by a dedicated team of professionals who are determined to revolutionize the online lending industry.

Their focus at CreditCube is on providing exceptional customer service, quick reply times, clearness, and adaptability to cater to the customers’ needs.

Q. Does CreditCube has any restrictions on serving military customers?

A: CreditCube is an online lender that provides loans to a wide range of customers. However, there are certain limitations to who can apply for a loan with CreditCube. One of these limitations is related to military customers and their eligibility for CreditCube’s services.

Conclusion

Therefore, Credit Cube offers a unique approach to installment loans with their workable giving-back plans and loyalty program for returning customers. While they have recognized some negative reviews and allegations, the majority of their customers seem to be satisfied with their services.

However, it is important to carefully consider the high interest rates associated with their loans before making a decision. As with any financial decision, it is crucial to thoroughly inquire and be aware of the terms and conditions of a loan before borrowing.