Should I Borrow A Non Pay Day Loan From Western Sky?

The Western Sky $5000 emergency cash loans television commercials have been plastered all over the airwaves.  So is there really any truth to this? Can you really borrow $5000 in emergency cash from Western Sky without having your credit checked? The short answer is according to Western Sky, yes! However, there is a price to borrowing money from them.

Instant Cash Loans At What Cost?

Western Sky is a legitimate way to get instant cash loans online but the markup on the amount you pay back is very high-some might even say ridiculous!  It might seem reasonable to you to borrow $5000 today to get your head above water or for an emergency but think about whether you would borrow $5000 today only to have to pay back $40, 000. 

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Not a Pay Day Loan? Really?

On the commercial they say it is not a pay day loan perhaps because the terms are different, but realistically you will be paying back anywhere for 100 percent to well over 200 percent interest depending on how much you borrow. Think wisely before you proceed with this one.


Loan Product Borrower Proceeds Loan Fee APR Number of Payments Payment Amount
$5,075 Loan $5,000 $75 116.73% 84 $486.58
$2,600 Loan $2,525 $75 139.22% 47 $294.46
$1,500 Loan $1,000 $500 234.25% 24 $198.19


Looking at this example, if you take out a loan for $5,000 you will have to pay $486.58 over 84 installment loan payments.  After you pay back your original $5000 plus interest, you will have paid $40, 872.72 (486.58 x 84).  Only you can decide if it is worth borrowing $5, 000 and paying back $41, 000.  It may be worth it to you depending on what you need the money for but go into it knowing exactly what you are getting yourself into.


Quick Cash Loan Tv Commercial With No Credit From Western Sky Things To Consider

When you have bad credit or n credit, unfortunately, you have very little options when you need emergency cash.  Western Sky does give you this option but you much know and understand that what you are paying back is a great deal more than you borrowed.  Some people call this legal loan sharking.  It is up to you whether you borrow from Western Sky, but go into it with your eyes wide open and know what you are getting into.  Read every piece of documentation they give you before doing anything. Check other options such as friends and family and depending on what you need the money for, you can even try calling 211 on your telephone if you are in dire need of food, shelter, or clothing.


Something Else To Consider With This Kind Of Quick Cash Loan

Western Sky is owned and operated by an Indian Reservation which is inside the United States but is a Sovereign Nation-which means it has its own laws. If there is a problem and you have to sue them, you have to do it in their tribal court.  Here is what it says in their terms and conditions:

"All loans will be subject solely to the exclusive laws and jurisdiction of the Cheyenne River Sioux Tribe, Cheyenne River Indian Reservation. All borrowers must consent to be bound to the jurisdiction of the Cheyenne River Sioux Tribal Court, and further agree that no other state or federal law or regulation shall apply to this Loan Agreement, its enforcement or interpretation. The loan agreement contains an agreement to arbitrate all disputes in which borrowers agree to waive their right to a jury trial, to have a court decide any dispute, and to participate in a class action lawsuit, and to certain discovery and other procedures that are available in a lawsuit. If you do not wish your account to be subject to this arbitration agreement, you must advise us in writing. It is not sufficient to telephone us. we must receive your letter or e-mail within sixty (60) days after the date your loan funds or your rejection of arbitration will not be effective. in the event you opt out of arbitration, any disputes hereunder shall nonetheless be governed under the laws of the Cheyenne River Sioux Tribal Nation."

 If you are not well versed in Cheyenne River Sioux Tribal Nation's legal practices, you should probably look for another source for getting quick emergency cash online.

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Books To Help You Get Loans Even If You Have Bad Credit

You can get these books on obtaining a personal, auto, business loan even with bad credit from Amazon. Many of them available immediately on Kindle.

How To Buy a Car: When You Have Bad Credit or No Credit At AllCredit: Amazon.comHow to Get a Business Loan With Bad CreditCredit: Amazon.comGet Credit Help For Bad Credit Repair Plus Tips on How To Get Loans With Bad Credit So You Can RebuildCredit: Amazon.comHome Loans For People With Bad CreditCredit: Amazon.comNO CREDIT CHECK LOANS: And other Options for People with Bad CreditCredit: Amazon.comQuick Payday Loans - How-To Series (Part 4) - "Payday Loans: Why They Are Bad and How-To Make The Best of Them!"Credit:


Other Great Resources For Emergency Help