Short Term Loan

TO AVOID DELAYS IN THE PROCESSING OF YOUR APPLICATION PLEASE INCLUDE THE FOLLOWING:

  • Application completely filled out and signed
    • Include your mailing and residence address
    • Include all payments you are making: credit cards, debt reduction services, collections, child support, student loans, etc. (anything that will show up on a credit report)
  • Copy of Tribal I.D. Card
    • Must be current – Non Expired
  • Income Verification
    • 2 most recent paystubs for all borrowers
    • If using SSI, TANF or any other income, copy of award letter and proof of receipt of funds

Also include the following if applying for these types of loans

  • Car Repair Loan
    • Submit quotes for parts and work to be done
  • Home Improvement Loan (up to $7000)
    • Submit quotes for work to be done and/or items to be purchased
  • Avista Loan
    • Submit Avista bill

LOANS THROUGH STC ARE SECURED BY FUTURE PER CAPITA PAYMENTS

These things are considered by Spokane Tribal Credit in determining the ability to re-pay the loan

  • Monthly payments compared to monthly income (debt to income ratio).
  • Repayment history with Spokane Tribal Credit.
  • Stability of income.
  • Credit score.
  • Job history and type of Employment (full-time, part-time, seasonal).
  • Applicant must have a credit score over 600 or excellent Tribal credit history for any amount requested over $5000.00.

PAYMENTS ARE REQUIRED EVEN WHEN ON LAY-OFF OR UNEMPLOYED. IF YOU ARE HAVING A PROBLEM MAKING PAYMENTS CALL FOR ASSISTANCE.