Lender record · active brand
605 Lending review: cost, tribe, and state coverage
605 Lending, operated by the Flandreau Santee Sioux Tribe’s FSST Management Services, prices its product in one sentence — rates figured weekly at 15% — a schedule that works out near 780% annualized on a ceiling of $1,000. Payments follow the borrower’s income dates. A class action filed in the Northern District of Illinois in 2025 (Sharits v. Dernier) challenges the brand’s practices, and the exclusion list covers 16 states.
The short answer: 605 Lending is a tribal installment lender owned by Flandreau Santee Sioux Tribe (SD). It serves most states outside a published exclusion list (12 states excluded; 34 documented as serving), and its cost disclosure is published — see the worked math below. Weekly 15% is the priciest disclosed schedule in this directory.
- Amounts
- Up to $1,000
- Product
- Short-term unsecured installment loans
- States excluded
- 12
- Index score
- 8.0/10
The disclosure score, itemized
Disclosure leader — terms checkable before you sign. The rubric and weights are public — read the methodology. What this record earns:
- 3/3 — Cost transparency. publishes a numeric APR range on its public site.
- 2/2 — State transparency. publishes its state exclusion list.
- 0/1 — Named regulator. no regulator named — disputes run through the agreement alone.
- 1/2 — Product clarity. publishes amounts but no schedule.
- 2/2 — Standing. active with no litigation context on the record.
What 605 Lending offers
Short-term unsecured installment loans. Up to $1,000. Installments aligned to the borrower’s income dates; length not stated.
The cost, with the math shown
"Rates are figured on a weekly basis @ 15%" — about 780% APR annualized; no prepayment penalty
Worked example at 780% APR: a $500 loan repaid biweekly over 3 months runs about $178.44 per payment — $1,249.06 total of payments, of which $749.06 is finance charge. Check that total, not the payment, against your budget.
Where it operates
605 Lending publishes its excluded states: AR, AZ, CO, CT, GA, MA, MD, NC, NH, NJ, NY, OH, PA, DC, WV, UT. That works out to roughly 34 states where applications are accepted. Availability claims on marketing sites notwithstanding, the exclusion list is the only binding statement.
Disputes: None named — exclusive tribal jurisdiction stated.
Who it fits — and who should keep looking
Fits: Weeks-scale, sub-$1,000 needs in served states — where a flat weekly rate at least has the virtue of being stated in full.
Think twice: Weekly 15% is the priciest disclosed schedule in this directory. Anything held beyond a few weeks outruns every installment competitor on cost.
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605 Lending FAQ
How much does a 605 Lending loan cost?
Published pricing runs to 780% APR. In a worked example, $500 repaid biweekly over 3 months costs $1,249.06 — $749.06 in finance charge. Your agreement shows the exact schedule.
Is 605 Lending a direct lender?
Yes — it is a lending company owned by Flandreau Santee Sioux Tribe (SD), lending under tribal law with its own agreement and tribal-jurisdiction dispute terms.
Does 605 Lending check credit?
Like most tribal lenders it underwrites primarily on verifiable income and banking history rather than a FICO score; a hard pull at application is not part of the published process. The loan generally is not reported to the major credit bureaus either.
Can I pay off a 605 Lending loan early?
Early payoff terms are governed by the agreement; the tribal installment market norm is no prepayment penalty, but confirm the clause before signing.
Where our numbers come from
Every fact above is transcribed from 605 Lending’s own website (record verified 2026-11-05; source sweep September 2026 / september 2026). The worked example is computed from published figures. This record is informational and is not affiliated with or endorsed by 605 Lending.