MoneyMutual Reviews

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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
  • No cost to use the platform
  • Find lenders who meet your needs
  • Apply online in five minutes
Cons
  • Unavailable in New York, Connecticut

Helpful Reviews

Plant City, FL
Verified purchase
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...

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Brewton, AL
Verified purchase
I got a email saying I was approved for a 5000.0 loan. I asked for a lesser amount of 2000.00 and I had to buy a steam card for 100.00 and a eBay card for 150.00. After I done tha...

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Payday 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.

Still have questions?

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.

Shop with confidence

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MoneyMutual Reviews

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    Reviewed Nov. 20, 2019

    I got a email saying I was approved for a 5000.0 loan. I asked for a lesser amount of 2000.00 and I had to buy a steam card for 100.00 and a eBay card for 150.00. After I done that they told me I had to send another 150.00. I refused to do that. I believe it's a scam and I'm out of 250.00.

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    Verified purchase

    Reviewed Sept. 16, 2019

    I very disappointed because, when we seeking for a loan it's because we're going thru some type of hardship and don't have the cash on hand for an emergency. For a lender to loan 800.00 at 725% that's deceptive and bad practice, Plus placing a person more in debt.

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      Price

      Reviewed Jan. 28, 2018

      If you get $300 from Money Mutual you will end up paying $975 in total, which is 325% interest. The system is entirely made for you to get screwed! Do not borrow money over 25% which is already really high, most of the states can not allow loans over 25% and there is a reason why: because then it becomes very complicated to repay!

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      Customer Service

      Reviewed Aug. 28, 2017

      I was told I was approved for a $5000 loan. They requested I get i-tunes which I did for 500 which I was to get back with my loan. The money was not deposited and when I tried to call both numbers they gave me they were "no longer is service". I am on a fixed income and to not get my money or 500 back is a hardship. I advise to everyone to not be fooled by the fact Montel Williams endorses this site. It is a fraud.

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      Punctuality & Speed

      Reviewed Jan. 16, 2017

      When one needs a fast injection of cash quickly/immediately, one only needs to go and get it from Money Mutual. The fastest, safest way of having the cash you need, when the need arises - Holidays, etc.. There are more services provided by Money Mutual, such as Loans, Payday pay-outs, Cash to be sent overseas, etc. When one needs these services, they are at anyone's fingertips, and can be very useful at any time. The repayment options are available to anyone who can make the payments back, at a certain percentage. Time frame repayments are available year-round, so there is no rush for cash-back payments to be sent out. The additional fees only apply to the people who cannot make immediate payments back. One only needs is to make sure that arrangements are made to help with the process, so that repayments are made on time/ahead of schedule.

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      Customer ServicePunctuality & SpeedStaff

      Reviewed Jan. 7, 2017

      I saw the commercial on TV and called the 1-800 number. The customer service was very consistent. 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 on a monthly basis which is better for me. I can pay. The additional fees is not too bad. It's almost like going to an Amscot in paying them back. I would recommend them to family and friends.

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      PricePunctuality & SpeedStaff

      Reviewed Jan. 6, 2017

      The company needs to be careful who they are hiring. It seems like they just hire anyone to handle clients and these people don't have much training. They don't treat their customers with respect. They were going to charge me extra fees just because I was a new customer. If I was someone who was always late on my payments or something I would understand. But being new you should give me a chance. I ended up not even using the company.

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      Customer Service

      Reviewed Jan. 5, 2017

      The customer service was really good, you can't compare that to anything else. It is good to have something like that where we can always upgrade. The extra service is a great fit for the company. You should always have that opportunity to do so in order to be successful. The repayment option is very flexible and fun. The timing of this service is really good. We need something like this in every other companies. The additional fees are very small but should be cautious about it. In order to do something like this you need to have a sense of security and love.

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      Staff

      Reviewed Jan. 5, 2017

      Their 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 questions. Also, customers care handled all my questions so that I understand the repayment option which took skill on their part to explain. There is no hidden fees so you don't have to worry.

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      Customer ServiceStaff

      Reviewed Dec. 31, 2016

      The customer service was very nice and it was an easy transaction. The person I was talking to was very helpful and told me more about the progress. Well it really wasn't much extra service. I just wanted to get a loan and they help me very much about getting it. SO I am thankful that they did help me out a lot. They were an easy progress and they told me much about the repayment options and that I could pay on didn't times so I don’t have to worry about being able to pay fully I didn’t had to pay any additional fees. I was able to pay everything on a timely and they were okay with me paying small payments so I am glad it worked out.

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      Reviewed Oct. 27, 2016

      I did a search for 100% guarantee loan approval and your site showed up in the search. I filled out the form you had online and was taken to a few different offers, all offering 100% guarantee approval. Your site and the ones that you suggested all turned me down. 100% guarantee approval mean that no matter what the person applying is lent the money they requested.

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      Customer ServiceStaff

      Reviewed Oct. 13, 2016

      The company they provided was a bunch of bs. They told me I was approved. I went through the whole process. Told again I was approved. Would receive the money in 2 days. Then I get a call saying it was not approved. And they don't know why. And will not give me any info as to what happened and why it was not approved.

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      Online & App

      Reviewed Sept. 28, 2016

      The online application was quick and simple. I would recommend all my family and friends to experience the hassle free way of borrowing money since this eliminates having to take time off from work to go to a lending institution and wait to be approved.

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      Customer ServicePunctuality & Speed

      Reviewed Sept. 27, 2016

      The Best Lender Matching Service! I had an emergency, unexpected expense pop up. I heard about online pay assistance so I began my search. Money Mutual was THE ONLY one who matched me with a lender! The others kept throwing me in a circle; multiple emails leading nowhere! I appreciate the accuracy, speed, and assistance I received from Money Mutual! Please try this first to avoid unnecessary false leads by the others!

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      Price

      Reviewed Sept. 5, 2016

      Seemed insightful on their products and services and were very appreciative of my business do it seemed. I probably would return as a customer in the future if the time were to occur that I may need their services again. I only received a payday advance or borrowed against a future paycheck that I would receive about two weeks or so from the date that I got this short term loan. I feel two weeks was a reasonable amount of time to pay back the loan that I got from however the rates of interest could have been Lower than what they were.

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      Punctuality & SpeedStaff

      Reviewed Sept. 2, 2016

      My husband and I were looking for a loan for our first time buying a home of our own. We worked with Linda and she was the nicest most attentive agent that I have ever worked with. She helped us find a mortgage that would work the best for us. The extras were so great! Linda really worked with us to help us find a mortgage that would work with our budget. She also helped us figure out the best plan to pay everything off on time and maybe even early! We have never been happier! The repayment options are so great! We're finally going to own our own home! The additional fees are so great!

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      Customer ServicePunctuality & SpeedStaff

      Reviewed Sept. 1, 2016

      The customer service itself was good. They were helpful and friendly. They gave me advice on paying my loan off quicker. They answered all the questions that I had. There really wasn't any extra services to rate. I was just happy with the service but not so happy about the rates. But beggars can't be choosers. The repayment option was decent. I have chosen to pay twice a month in order to avoid paying more interest. Plus this will pay it off faster. The only additional fees that I know of with the loan is if the loan is past due so many days. The fees seem kind of steep but that just encourages me not to be late.

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      Price

      Reviewed Aug. 31, 2016

      This was a complete rip off. Nobody helps you. You can not speak to anyone. They continue to take money out of your account. Had to finally after a year close my account. Not sure what extra services but I would not use a payday loan ever. It works for short term when you need the money but cost way too much in the long run. Your principal never gets paid off just the finance charges. Will charge you ridiculous fees. Never seems to be paid off. It is a crazy amount of fees. Never get a payday loan.

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      PricePunctuality & SpeedStaff

      Reviewed Aug. 30, 2016

      Very helpful agents. They really value your time. Very happy I chose to use money mutual. My only complaint would be is that repayment for the loan is a bit expensive. They offer many options that allow you to repay the loan in a comfortable time frame. They can take payments directly from your checking account. Very forgiving deadlines. There is a 60 day max on paying back the loan. I find this convenient because I have other bills to pay on top of repaying the loan. The additional fees are tricky. When I did the math they charge you about 35% on the loan which is about 10% higher than local loan institutes.

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      Customer ServicePunctuality & Speed

      Reviewed Aug. 29, 2016

      I'm very happy with the customer service department. It is very reliable and I would recommend this to anyone who wants to use this service. The extra services for Money Mutual is excellent and I would recommend this to anyone who wants to use this service and pass the word on to their friends and family. This is ok as payment fluctuation happen all the time so that isn't one of my favorite parts. The rates can get a little high so therefore it's not for everyone ok. Not perfect. And there's the additional fees that get for service late and start up after the loan. There needs to be a better system for additional fees. I wouldn't recommend this to anyone who wants to use this.

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      MoneyMutual Company Information

      Company Name:
      MoneyMutual
      Website:
      moneymutual.com