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About MoneyMutual
MoneyMutual brings potential borrowers and lenders together through its online loan marketplace. MoneyMutual’s platform gives consumers access to short-term loans from lenders that match their criteria.
Pros & Cons
- No cost to use the platform
- Find lenders who meet your needs
- Apply online in five minutes
- Unavailable in New York, Connecticut
Featured Reviews
I saw the commercial on TV and called the 1-800 number. I had my money in no time at all. They offer all kinds of loans for all kinds of things. My repayment options are taken out...
Read full reviewTheir customer satisfaction department is the best. Really discussed the pros and cons, was very knowledgeable. Made sure I was satisfied. Didn't push but merely asked important q...
Read full reviewPayday lending is illegal and unavailable to consumers in some states. Payday loans usually have very high interest rates and carry risk. As with any loan, consumers should have a clear understanding of the fees, terms and conditions of any payday loan before borrowing.
What is MoneyMutual?
MoneyMutual’s online marketplace pairs borrowers with lenders that fit their financial profiles. If you’re searching for a short-term loan, visit MoneyMutual’s website to begin a loan application. It takes five minutes to complete the application, but you must meet MoneyMutual’s basic borrower requirements to qualify:
- Be at least 18 years old
- Have at least $800 a month in verifiable income
- Have a checking account
Depending on the lender you’re paired with, other requirements apply. MoneyMutual states that it’s possible to start receiving loan offers within five minutes of submitting an application. The average borrower gets approved for $250 to $2,500, but the maximum loan amount is based on individual qualifications.
MoneyMutual cost
There is no cost for consumers to find a lender on MoneyMutual’s marketplace platform.
Once you select a lender, MoneyMutual redirects you to the lender’s site to finish applying for a loan. Depending on the lender, you could receive funds in as little as 24 hours.
The lender sets your loan repayment schedule and loan fees, so make sure to discuss any questions or concerns with the company's loan specialists before signing a contract. Since MoneyMutual specializes in short-term loans, it’s likely your lender offers short-term loans with high interest rates.
MoneyMutual FAQ
Does MoneyMutual do a credit check?
No, MoneyMutual doesn’t do a credit check, but your loan provider likely will.
Does MoneyMutual charge any fees?
MoneyMutual doesn’t charge any fees to use its platform.
What credit score do I need for MoneyMutual?
MoneyMutual doesn’t have a credit score requirement for its services. MoneyMutual specializes in bad-credit loans, so you’re only paired with lenders that accept your credit score. Having a poor credit score affects the interest rates and loan amounts you’re eligible for.
How long does it take to apply for a loan through MoneyMutual?
MoneyMutual’s application process takes five minutes.
Is MoneyMutual legit?
MoneyMutual allows consumers to connect with short-term lenders that offer payday loans, bad-credit loans and installment loans. The company has services in every state except Connecticut and New York. If you need a short-term loan to cover an unexpected expense, MoneyMutual lets you find and compare multiple lenders in one place, which reduces the amount of time you need to spend finding a lender.
MoneyMutual Reviews
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- 4,534,189 reviews on ConsumerAffairs are verified.
- We require contact information to ensure our reviewers are real.
- We use intelligent software that helps us maintain the integrity of reviews.
- Our moderators read all reviews to verify quality and helpfulness.
MoneyMutual Company Information
- Company Name:
- MoneyMutual
- Website:
- moneymutual.com