Explore Credit

Explore Credit: online installment loans of up to $2,000

Explore Credit is a financial entity that offers online installment loans, with an application process the company describes as transparent and streamlined. Its catalog allows you to request amounts of up to $2,000, with rates the firm calls competitive and flexible repayment options. All activity takes place through its website, where users can start an application and review the terms.

Corporate structure and regulatory framework

The loans are underwritten by WLCC Lending JEM, which operates under the trade name Explore Credit. WLCC Lending JEM is an entity of Wakpamni Lake Community Corporation (WLCC), a tribal corporation wholly owned by the Wakpamni Lake Community, a local municipal subsidiary government under the Oglala Sioux Tribe. WLCC is incorporated under and governed by the laws of the Oglala Sioux Tribe, a federally recognized Indian tribe, and the regulations of the Wakpamni Lake Community. The company presents itself as a Native American-owned firm operating within the interior boundaries of the Pine Ridge Reservation, territory of the Oglala Sioux Tribe, a sovereign nation located in the United States. WLCC operates independently of the Oglala Sioux Tribe and, as a tribal government, is a sovereign corporation subject to applicable tribal and federal laws. According to published information, state laws, their regulations, and interest rates are not applicable to WLCC Lending JEM DBA Explore Credit or WLCC.

Application and verification process

The company reviews applicant information in real time to determine whether it meets the lending criteria. By completing and submitting the application on the website, the user is formally applying for a loan. Explore Credit verifies applicant data through national databases, including Clarity and Factor Trust, and may check credit history to assess eligibility and ability to repay. To obtain a loan, you must have a valid checking account, an email address, a verifiable identity, and verifiable minimum income. The firm allows only one active loan per customer at a time.

Identification requirements

In order to combat the funding of terrorism and money laundering, and in compliance with tribal law and the spirit of federal law requiring financial institutions to obtain, verify, and record information that identifies each applicant, the entity requests name, address, date of birth, and other identifying information. It may also ask for a driver's license number or other identifying documents.

Geographic availability

Explore Credit does not lend to residents of Illinois, New York, Pennsylvania, Georgia, North Carolina, New Jersey, Virginia, Massachusetts, Maryland, Minnesota, Alabama, Connecticut, Arkansas, West Virginia, New Hampshire, South Dakota, Alaska, Vermont, Guam, Puerto Rico, or the U.S. Virgin Islands. Loan availability may change at any time at the sole discretion of Explore Credit. If the applicant resides in a state where the company does not provide services, they are ineligible for a loan.

Product terms and warnings

The company notes that certain events or changes to applicant information may affect eligibility; if you no longer meet the pre-selection criteria, you may be offered a loan in a different amount or on different terms. Explore Credit states that installment loans should be used for short-term financial needs only and not as a long-term financial solution, and recommends that customers with credit difficulties seek credit counseling.

Customer service

The company provides a contact form on its website so users can reach a manager, and offers phone support at 844-355-5626 (844-355-LOAN). Postal correspondence should be directed to Explore Credit Operational Dept., P.O. Box 260269, Atlanta, GA 30326.

Location and contact

Explore Credit Operational Dept., P.O. Box 260269, Atlanta, GA 30326 · Phone: 844-355-5626