Big Picture Loans Review
Big Picture Loans isn't available on Finder right now.
- Min. Amount
- $200
- Max. Amount
- $5,000
- Turnaround time
- As soon as the next business day
Our verdict
Easy approval and fast funding can’t make up for rates as high as 699%.
Big Picture Loans is a tribal lender that offers installment loans up to $5,000. There’s no minimum credit score to apply, other requirements to qualify are lenient and you could see funding as soon as the next business day. But rates range from 160% to 699%, and the best rate for first-time borrowers is 250%. It was also involved in a class action lawsuit that accused the company of charging interest rates that violate state and federal laws. The company didn’t admit any wrongdoing but agreed to pay $65 million to settle the lawsuit.
Best for: Borrowers who need an emergency loan, have no other option and can pay it back right away.
Pros
-
Loans up to $5,000
-
No minimum credit score requirement
-
Next-day funding possible
Cons
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Rates up to 699%
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Involved in a class action lawsuit
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Mixed customer reviews
Is Big Picture Loans legit?
It depends on what you consider legit. Does Big Picture offer installment loans that are easy to qualify for? Yes. Does it charge rates up to almost 700%? Also yes. So, while Big Picture Loans isn’t a scam per say, its loan rates are high and it targets borrowers with few to no other options. Plus, it was involved in a class action lawsuit over its high rates and settled by paying $65 million.
Plenty of other legitimate loans like Big Picture Loans specialize in loans for borrowers with bad credit and don’t charge rates this high.
How Big Picture Loans compares to other lenders
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Where Big Picture Loans falls short
The worst thing about this company is the incredibly high rates. Some borrowers report having to repay four or five times the amount they originally borrowed. The problem is that most people who resort to a lender like this are already having serious financial troubles and feel they have no choice but to accept these loan terms to get their car fixed or pay the rent. As a result, they find themselves much deeper in debt very quickly.
Beware of high costs
Tribal lenders aren’t required to follow any state or federal usury laws. That means you may be on the hook for paying double or triple — or more — the amount you borrow. Always read your loan contract carefully and consider alternatives or state-based lenders before you borrow. If you’ve landed on this lender for its easy eligibility requirements, you may try loans like Big Picture Loans, but better trusted and with better rates.
What makes Big Picture Loans shine?
Pretty much the only thing positive to say about the company is that it’s transparent about rates. It clearly states that APRs range from 160% to 699%, and rates for new borrowers start at 250%. It even gives a handy example of a $1,000 loan for 12 months at 395%, which results in a total repayment of $4,108.15.
You’re better off considering a payday loan or other alternatives, such as cash advance apps or other less expensive installment loans. All these options cater to borrowers with bad credit, and although they’re not risk-free, they’re far less costly than Big Picture Loans and can help in an emergency.
Big Picture Loans details
| Minimum credit score/credit range | No minimum stated |
| APR | 160% to 699% |
| Loan amount | $200 to $5,000 |
| Terms | Up to 12 months |
| Approval turnaround | As soon as the next business day |
| Availability | Not available in all states |
| Fees | Late fees NSF penalties |
| Other fees | Unknown |
Best Picture Loans contact info
| Phone number | 800-584-4880 |
| Customer service hours | Phone support: 24/7 Email correspondence: Monday to Thursday: 7 a.m. to 6:30 p.m. Friday and Saturday: 7 a.m. to 3:30 p.m. Sunday: 10 a.m. to 3:30 p.m. |
| support@bigpictureloans.com | |
| X, formerly Twitter | @BigPicLoans |
| Big Picture Loans |
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How to qualify for Big Picture Loans
These are the only requirements Big Picture Loans lists on its website:
- A bank account in good standing
- Reachable by phone
- Valid email address
- 18 and a US resident
How to apply
You can apply for a loan through the company’s website.
- Fill out the online application.
- Wait for a customer service representative to call and verify your information.
- Review and sign your loan agreement.
- Receive funding typically on the next business day.
Big Picture Loans says it performs credit checks on all loan applicants.
Big Picture Loans reviews and complaints
| BBB accredited | No |
|---|---|
| BBB rating | A+ |
| BBB customer reviews | 1.85 out of 5 stars, based on 13 customer reviews |
| BBB customer complaints | 48 customer complaints |
| Trustpilot Score | 4.8 out of 5 stars, based on 21 customer reviews |
| Customer reviews verified as of | 01 April 2025 |
Reviewers on the Better Business Bureau (BBB) complain about ridiculously high APRs, poor customer service and regret taking out a loan with the company. One person used their review to alert potential borrowers about a class action lawsuit against Big Picture Loans. There was only one positive review that sounded scripted.
Surprisingly, Big Picture Loans has a 4.8 rating on Trustpilot. Some reviewers say the company is fast and convenient, with an easy application process and quick approval. Others complain of the high rates or difficulty getting verified and approved. Many bad reviews warn other consumers against using this company.
What do people on Reddit say?
Frequently asked questions
Can I apply for multiple loans with Big Picture Loans?
No. You can only have one loan at a time. Once you’ve repaid your loan, you can log in to your account and reapply using the same email address. Big Picture Loans claims to offer lower rates to returning borrowers.
How do I know if I’m approved for a loan?
After your information is verified, Big Picture Loans says it notifies you by email with its final decision.
Do lending laws of the state I reside in apply to Big Picture Loans?
No. Only the laws of the Lac Vieux Desert Band of Lake Superior Chippewa Indians govern your loan agreement. Sovereign Indian Tribes don’t have to adhere to state laws in the absence of congressional authorization.
Your reviews
Lacey Finder
Writer
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nikkiangco
December 17, 2018
Hi Denise,
Thanks for getting in touch! The release of funds will depend on Big Picture Loans and will be disclosed when you are approved. Hope this was helpful. Don’t hesitate to message us back if you have more questions.
Best,
Nikki
Jennifer
September 25, 2018
If your maximum loan amount is $1500.00, why did I get preapproved for up to $3000.00?
Jhezelyn Finder
September 25, 2018
Hello Jennifer,
Thank you for your comment.
Please note that pre-approved loan means that a lender has independently determined that you meet their requirements for a credit opportunity through a soft inquiry credit check. Pre-approved offers state that you may qualify for a certain amount. This can also mean that you may not qualify for the loan or credit card once your credit reports are reviewed. Hence, pre-approval still changes when a formal application is submitted.
Should you wish to have real-time answers to your questions, try our chat box on the lower right corner of our page.
Regards,
Jhezelyn
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Helen Conroy
March 28, 2018
How much would the interest be on a $1200 loan
Joshua Finder
March 28, 2018
Hi Helen,
Thanks for getting in touch with finder.
I may not be able to give you the exact interest rate for a $1,200 loan. The reason is that the interest rate will depend on how often your payments are scheduled and the duration of the loan as well as your current financial situation. The loan contract you receive lists all applicable charges so be sure to review these carefully before you sign.
If you want to get a quote, you might want to get in touch directly with the lender.
I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.
Have a wonderful day!
Cheers,
Joshua
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Fallon
January 24, 2018
How long do you have to pay the loan back?
Rench Finder
January 31, 2018
Hi Fallon,
Thanks for your inquiry.
With Big Picture Loans, you are offered with installment loans which you repay over time with a set number of scheduled payments. Though you can also pay off your installment loan early and no penalties charged to you when you do this. Your scheduled payments is outlined in your contract.
Meantime, in the Big Picture Loans website, you can find and use their personal loan calculator if you like to get an idea on what would be your repayment schedule will look like.
Hope this information helped.
Best regards,
Rench
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Kathyrn
January 11, 2018
I was,applying for loan and at the bottom it asked for my bank information like routing number is that lagit
Arnold
January 11, 2018
Hi Kathryn,
Thanks for your inquiry
That information is required by Big Picture loans so that you may be able to receive your approved funds in your bank account electronically. Please note that to qualify, you have to meet basic eligibility criteria. Please check them out before applying.
Hope this information helps
Cheers,
Arnold
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Denise
December 13, 2018
If approved on Friday mornin, will my loan be available on Saturday or Monday?