Transparency, education, and customer support are at the heart of everything we do
At Blue Mountain Loans, responsible lending is more than just a policy—it's our fundamental commitment to treating every customer with respect, transparency, and fairness. We believe that lending responsibly means helping you make informed decisions about your financial future.
We clearly disclose all rates, fees, and terms before you sign. No hidden charges, no surprises. You'll know exactly what you're agreeing to, including the true cost of borrowing.
We openly acknowledge that our loans carry high interest rates and are expensive borrowing. We actively warn customers about the costs and encourage them to explore lower-cost alternatives first.
We provide free resources, guides, and tools to help you make informed financial decisions, build emergency savings, and improve your overall financial health beyond just providing loans.
If you're experiencing financial difficulty, we want to know immediately. Our team is here to work with you to find solutions, not to make your situation worse.
We comply with the Federal Equal Credit Opportunity Act and do not discriminate. We assess your ability to repay before approving loans and limit initial amounts for new borrowers.
We provide tools and information to help you take control of your finances. Our goal is not just to lend money, but to help you build a stronger financial future.
Blue Mountain Loans are EXPENSIVE borrowing with high Annual Percentage Rates (APR) ranging from 59.99% to 299.99%. This means you will pay significantly more in interest compared to traditional bank loans or credit unions.
For example:
Our loans are designed ONLY for short-term financial needs and should NOT be used as a long-term financial solution.
Before accepting a loan from us, carefully consider:
Complete this checklist honestly before applying. If you can't check all boxes, reconsider borrowing.
I have checked with credit unions, community banks, and asked creditors about payment plans or hardship programs.
I have used the loan calculator and understand that I will pay significantly more in interest than the amount I borrow.
I have reviewed my monthly budget and confirmed I can make the payments without sacrificing essential expenses like rent, food, or utilities.
I have calculated the exact amount needed (not just the maximum available) and am borrowing the minimum necessary.
I know exactly how I will make each payment and have considered unexpected expenses that might arise.
I am borrowing for an urgent, necessary expense (not for discretionary spending like entertainment or non-essential purchases).
I know that failure to repay will severely damage my credit, result in collection activities, and make future borrowing more difficult and expensive.
We strongly encourage you to consider these lower-cost options before applying for a Blue Mountain Loan
Credit unions often offer small Online loans with much lower interest rates, even for members with challenged credit.
How to find: Visit MyCreditUnion.gov to find credit unions near you.
Many creditors (medical providers, utilities, landlords) offer payment plans or hardship programs if you ask.
How to start: Call your creditor directly and explain your situation. Ask specifically about payment plans or hardship programs.
Local charities, churches, and non-profit organizations often provide emergency financial assistance for specific needs.
How to find: Call 211 (United Way) or search for local community action agencies and emergency assistance programs.
Some employers offer paycheck advances or small loans to employees at no or low cost.
How to start: Speak with your HR department or manager about available employee assistance programs.
Borrowing from family or friends with a written agreement can be a better option than high-interest loans.
Important: Always create a written agreement specifying the amount, repayment schedule, and any interest to protect the relationship.
Selling unused items or using a pawn shop can provide quick cash without taking on debt.
Consider: Online marketplaces, local buy/sell groups, consignment shops, or pawn shops for valuable items.
We provide these resources to help you improve your financial health
Free tool to help you track income and expenses, identify areas to save, and plan for emergencies.
Use Calculator →Step-by-step guides on building emergency funds, improving credit, and managing debt.
View Guides →Practical advice on reducing expenses, finding assistance programs, and stretching your budget.
Read Tips →Links to non-profit credit counseling agencies that provide free advice and debt management help.
Find Counselor →If you're having difficulty making your payments, please contact us immediately. Don't wait until you've missed payments.
The sooner you reach out, the more options we may have to help you. We understand that unexpected situations arise—job loss, medical emergencies, family issues—and we're committed to working with customers experiencing genuine hardship.
When you contact us, we may be able to:
Remember: Ignoring the problem will only make it worse. Late payments damage your credit, result in additional fees, and can lead to collection activities. Communication is key.