Policy on Responsible Lending

As a responsible lender, we commit to you that this loan product abides by all applicable laws and that we strive for the utmost level of transparency and fairness.

NOT FOR ALL FINANCIAL NEEDS: This is a short-term loan designed to help with your immediate cash needs. It will not solve your long-term needs and refinancing will result in additional charges. We encourage you to (1) borrow only what you need and can repay and (2) shop the marketplace until you are convinced that you have found the best possible solution. You may choose to consult a consumer credit counseling service for other options.

TRANSPARENCY OF COSTS FOR YOUR LOAN: The cost of credit will be clearly disclosed to you in terms of the dollar amount of interest and the APR according to the principles of federal truth in lending law and regulations. For details on the specific costs of your loan, please see our Consumer Cost page and your loan agreement. Late fees and non-sufficient funds/returned item fees may apply as described in your loan agreement. We will never charge you any “hidden fees” that are not fully disclosed in the loan agreement or the Loan Cost and Terms.

RIGHT OF RESCISSION: If you change your mind about the loan, you may rescind your loan at no charge as long as you return the loan proceeds within the number of days specified in your loan agreement.

IMPLICATIONS OF LATE AND NON-PAYMENT: If you don’t make a payment on time we will attempt to contact you via one or more authorized methods, including phone calls, emails, and text messages to arrange for payment. All of our collections methods will be in accordance with the principles of the Federal Debt Collections Protection Act (FDCPA). In addition, we may re-present any returned payments to your bank in accordance with applicable law and regulatory requirements. If we are unable to reach you or we are unable to collect against your debt we may place or sell your debt with third party collection agencies. However, we only contract with collection agencies that agree to follow the FDCPA. Furthermore, since we may report loan payments to one or more credit bureaus, late or non-payment of your debt may impact your credit rating. As noted above, late fees and non-sufficient funds/returned item fees may apply as described in your loan agreement.

RESPONSIBLE RENEWALS AND REFINANCING OPTIONS (SUSTAINED USE): This loan is an installment loan which means that you don’t have to pay it off all at once like a payday loan. Instead, you can either pay the loan off according to the terms of the loan agreement or pay it off early to save finance charges. If you become eligible we will notify you of any new loan options you may have. We will not change your loan without your express permission pursuant to the terms of your loan agreement. We strongly encourage principal reduction and early payment to reduce your finance charges.

We will restrict your ability to renew or refinance your loan after you have had an outstanding balance with us for a period of 18 consecutive months. After you have paid in full the outstanding balance of your loan account, you may apply for a new loan. Depending on the payment method you choose, it may take 1-3 business days to process the payment that brings your account balance to $0.

COMPLIANCE WITH LAWS: We are a tribal lending entity wholly owned by the Chippewa Cree Tribe of the Rocky Boy’s Indian Reservation, Montana, a sovereign nation located within the United States of America and operating within the Tribe’s Reservation. As such, we abide by applicable tribal lending laws and follow the principles of applicable federal lending laws where they don’t conflict with tribal sovereignty. These laws include (but are not limited to):

1. Electronic Fund Transfer Act
2. Equal Credit Opportunity Act
3. Fair Credit Reporting Act
4. Fair Debt Collection Practices Act
5. Gramm-Leach-Bliley Act Privacy Requirements
6. Truth in Lending Act
7. Telemarketing Sales Rule

COMPLIANCE WITH NAFSA BEST PRACTICES: We fully comply with the best practices established by the Native American Financial Services Association (NAFSA).

FINANCIAL EDUCATION: Financial U is an online resource that helps you understand personal finance basics and establish healthy financial goals. This online learning center is free for all Atoske customers and includes videos, interactive tools and other resources to help you learn, save and grow! To learn more, visit Financial U.

WE RESPECT YOUR PRIVACY: We adhere to all applicable federal and state privacy laws. Please see Privacy Policy for details.

CONTACTING US: We always provide a physical address, a toll-free phone number, and an email address so that you can reach us in the most c onvenient manner for you. We strive to respond to your mail, calls, and email in as fast a manner as possible so we can quickly answer any questions and solve and problems you might have. Please see Contact Us for details.

Atoske, LLC is a tribal lender of the Chippewa Cree Tribe operating within the boundaries of the Rocky Boy’s Indian Reservation, Montana, a sovereign nation located within the United States of America. Loans from Atoske are governed by the laws of the Chippewa Cree Tribe, not the law of your resident state. The laws of your resident state may have interest rate limits and other consumer protection provisions that are more favorable. If you wish to have your resident state law apply, you should consider taking a loan from a licensed lender in your state.

This is an expensive form of credit. Alternative forms of credit, such as a credit card cash advance, personal loan, home equity line of credit, existing savings or borrowing from a friend or relative, may be less expensive and more suitable for your financial needs. Before borrowing, please consider whether you will be able to repay any amount you borrow along with the interest charges disclosed to you in your loan agreement. Customers with continued credit difficulties should seek credit counseling.

Refinancing may be available and is not automatic. Refinancing your loan will extend the term of the loan and result in additional interest charges. Late fees and non-sufficient funds/returned item fees may apply as described in your Loan Agreement. We will never charge you any "hidden fees" that are not fully disclosed in the Loan Agreement or the Loan Cost & Terms. If you don't make a payment on time we will attempt to contact you via one or more authorized methods. We adhere to the principles of the federal Fair Debt Collection Practices Act (FDCPA).

Because we may report your payment history to one or more credit bureaus, late or non-payment of your loan may negatively impact your credit rating. If you fail to repay your loan in accordance with its terms, we may place your loan with or sell your loan to a third-party collection agency or other company that acquires and/or collects delinquent consumer debt. 1First-time Atoske customers typically qualify for an installment loan of $500 to $1,000, with an APR of 299.17% to 373.97%. A $700 loan from Atoske Loans would require 14 bi-weekly installments of $116.63, including $932.70 of interest and an APR of 364.00%. After the 14th successful payment, your loan would be paid in full. Refer to Loan Cost & Terms for additional details.

*In most cases, applications that are received and can be verified prior to 6:00 p.m. Eastern Time (Monday - Friday) will be funded the next business banking day (excluding weekends and bank holidays). Applications received after 6:00 p.m. Eastern Time (Monday - Friday) may require an additional business banking day to fund. In some cases, we may not be able to verify your application information and may