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Big Picture Loans - Home

Frequently Asked Questions

Big Picture knows that unexpected financial burdens can be stressful. We have streamlined our process to make it easy for you to get your life back on track.

Q: What kind of loan product does Big Picture Loans offer?
A: Big Picture Loans offers consumer installment loans, which are also known as personal loans. An installment or personal loan is a loan that is repaid over time with a set number of scheduled payments. There are no penalties for paying your installment loan off early, in part or in full, and you can actually save on finance charges by doing so. 
Q: How much can I borrow from Big Picture Loans?
A: The maximum amount you can borrow is based on various underwriting criteria, such as your income level.
Q: How quickly will I receive my loan from Big Picture Loans?
A: If all the pertinent information is received by 5:00 p.m. CST Monday through Friday and can be verified on Tribal land the same day, you will generally receive your money via ACH as early as the next Business Day*. 
Q: Will someone from Big Picture Loans contact me after I've submitted my loan application?
A: If you have applied during our Hours of Operation and included all necessary information, you should expect to hear from Big Picture Loans within 15 minutes. Otherwise, you will hear from Big Picture Loans within one Business Day. Big Picture Loans will call or email you for missing information.
Q: How will I know if I'm approved for a loan?
A: Big Picture Loans will verify your information on Tribal land and contact you by phone or email with its final lending decision.
Q: How long must I wait between loans?
A: Installment loans do not renew, therefore you may not have more than one loan at a time with Big Picture Loans. You can apply for a new loan any time after your current loan is paid off. If it has been less than three Business Days since your previous loan was paid off in full, Big Picture Loans may ask you to prove your previous loan has been fulfilled.
Q: What is required to obtain a Big Picture Loans installment loan?
A: Qualifying is easy. Applicants just need to meet the following minimum requirements:
  • Have steady income of at least $700.00 per month.
  • Be able to show a verifiable source of income.
  • Have an open bank account that's in good standing.
  • Be reachable by phone.
  • Be at least 18 years old and a permanent U.S. resident.
Even past bankruptcy, bounced checks, charge-offs and other credit problems won't prevent applicants from receiving an installment loan from Big Picture Loans. Other requirements may apply. Big Picture Loans personal loans are not available to residents of all states, and those states may change from time to time with or without notice.
Q: Does Big Picture Loans' status as a Tribal entity have any effect on my loan?
A: The Lac Vieux Desert Band of Lake Superior Chippewa Indians is a federally recognized American Indian Tribe with governmental headquarters in Watersmeet, MI. Big Picture Loans is an economic arm of the Tribe, created by the Lac Vieux Desert Band of Lake Superior Chippewa Indians's Tribal Council, which operates under Tribal law for the Tribe's benefit. As such, Big Picture Loans is an entity with Tribal sovereign immunity from lawsuits. The Tribe, through its economic-development arm doing business as Big Picture Loans is dedicated to serving its customers efficiently and effectively. For any customer disputes that may arise, the Tribe has established the Tribal Dispute Resolution Procedure. For more information on the Tribal Dispute Resolution Procedure, please refer to your loan documents or contact Big Picture Loans.
Q: Do either the laws of my state of residence or where I am applying for a loan govern my loan agreement?
A: No. All communications and/or transactions conducted via will be deemed to have occurred on Tribal land. Your loan agreement will be governed by and construed in accordance with the laws of the Lac Vieux Desert Band of Lake Superior Chippewa Indians, and to the extent applicable, the laws of the United States. The laws of your state of residence or the state where you are located when entering into a transaction with Big Picture Loans will not apply to any agreement you enter into with us. Indian Tribes are sovereign and are not obligated to adhere to state law absent congressional authorization.
Q: How can I access the tribal laws applicable to my loan?
A: Click on this link to learn more about the tribal lending laws: The Lac Vieux Desert Band of Lake Superior Chippewa Indians Tribal Consumer Financial Services Regulatory Code.


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