What if you had an emergency today – your car broke down, you ended up in the hospital, an unexpected home repair, anything could happen. Do you have an emergency fund to cover unexpected expenses, or would you have to rely on family, friends, or worse – a credit card? MoneyMutual is a free resource that connects lenders with borrowers that can provide people with short-term loans ranging from $200 to $5000, often within 24 hours. Customers can access the company online and fill out a simple form that provides access to more than 90 lenders. One can choose the lender based on the one with the best offer.
However, most people are wondering if MoneyMutual is a lender and how the process works. This review contains complete information to help you find out how MoneyMutual works.
What is MoneyMutual?
MoneyMutual is an online resource whose website at MoneyMutual.com gives you access to multiple lenders in your area. Founded in 2010, MoneyMutual has a proven track record of providing customer-centric services to Americans who may need help covering an unexpected expense. They are a member of the Online Lenders Alliance and provide helpful information on their website to help consumers identify websites that may be trying to take advantage of people or get their information for identity theft or fraud. Montel Williams was the company’s spokesman for almost a decade.
How does the short term loan company work?
MoneyMutual offers customers easy access to lenders that offer short-term loans. It provides access to lenders who offer loans to people with bad credit and people who need access to money faster than traditional loans can. A recent survey found that nearly 60% of Americans can’t save to cover an unexpected $1,000 bill.
People over the age of 18 with a proven income of at least $800 per month and an official bank account can find a lender through MoneyMutual. Fill out the form on the website and see the different lenders recommended by the company. The company works with more than 90 lending companies, which ensures that customers have a choice when examining the loans on offer.
Once you have selected the best deal through MoneyMutual, you will be redirected to the lender’s website and provide more details so the loan processing can begin. Here is a detailed breakdown of how the system works:
- Provide Personal Information: MoneyMutual provides you with access to an online form in which to submit your information
- Lender Verification: Lenders review the information to determine the appropriate bid amount.
- Get the money: Once the lenders approve the request, they deposit the money directly into your account within 24 hours.
- The amount one can borrow through MoneyMutual ranges from $200 to $5000.
Are there any fees associated with MoneyMutual?
Filling out the form on the website is free. You never pay MoneyMutual. You pay back your loan to the lender you sign up with. It is important to read the terms and conditions before choosing a lender to understand how much a loan can cost.
How long does it take to use MoneyMutual?
The online form is easy to fill out. It may take a maximum of ten to fifteen minutes if this is your first time using the website. Frequent customers may need less time as the website has the information. Once you complete the online form, the lender will review it and make you an offer – if you accept, the money may be available within 24 hours.
How do lenders work at Money Mutual?
MoneyMutual offers its customers access to more than 90 lenders. Each lender verifies the personal information provided and goes through financial history prior to approval. You choose the best lender depending on your needs.
Lenders verify the information using the following process:
- Once you submit the information, the lending company will verify all the details provided
- Lenders follow the requirements before making a final decision
- If the lenders approve the application, you will be redirected to the lenders official website to accept the terms of the loan.
- In some cases, the customer service team may contact you to provide the details, such as B. your bank account, before the process is completed.
The process is simple and only takes a maximum of 24 hours once approved. All payday lenders at MoneyMutual are open with all required fees and charges. They also calculate the recommended interest rates required by law. It is important to check all costs to avoid any inconvenience.
What interest does MoneyMutual have in the whole process?
MoneyMutual is a resource for your loan application process. They provide you with access to various payday lenders in your area where you can quickly borrow money. All customers are requested to read the terms and conditions carefully before entering into any contract with the lenders.
You are not charged any fees to apply for a loan with MoneyMutual, you enter into a contract with the lender and each has their own terms and conditions. MoneyMutual charges a fee from the lender, not the borrower, so they have no financial stake in your loan until you sign up with your chosen provider.
What do most customers say about MoneyMutual?
The lending industry, especially the payday loan space, has a shady reputation. However, MoneyMutual is one of the longest serving companies, connecting customers with the most trusted lending companies. They have served more than two million customers over the last ten years.
Most customers agree that MoneyMutual operates in line with its own advertising. It gives them access to multiple payday loan companies and creates a connection between the lending company and the customers.
Most customer reviews show that the lending companies on MoneyMutual have a transparent lending system with favorable interest rates. Many users also decided to try MoneyMutual after seeing the advertisements on TV.
Some of the negative reviews about MoneyMutual come from customers who didn’t read the lending company’s terms and conditions before accepting the offer.
What are the requirements for applying for a loan through Money Mutual?
One must meet the following requirements before applying for a short-term loan through MoneyMutual.
- Be at least 18 years old
- Have a proven income of $800 per month, whether from a job or other income
- Do you have a bank account
- Different lenders may ask for additional requirements like a social security number.
Money Mutual contact information
MoneyMutual is an online company headquartered in Las Vegas, Nevada. The company does not offer loans but offers access to more than 90 lending companies. Montel Williams was the senior spokesman, representing the company for eight years.
Their website has an excellent Frequently Asked Questions section and carefully walks you through the process and offers things to look out for if you decide to use other resources to find a loan. For example, they explain some of the typical “red flags” when dealing with websites that ask for your personal information. However, if your question is not answered on their website, you can contact them in one of the following ways;
- Mailing address: MoneyMutual, LLC 2510 E. Sunset Rd. Ste 6, #85 Las Vegas NV, 89120
- Email: [email protected]
- Telephone number: 844-276-2063
Final Verdict on MoneyMutual Company
A recent study found that 40% of Americans cannot afford $400 in an emergency. MoneyMutual exists to help Americans access money in an emergency. The online company will provide you with a list of lending companies in your area.
These companies offer short-term loans ranging from $200 to $5000. The credit system is fast and it can take as little as 24 hours for the money to be in your bank account. Visit the official website and learn more about MoneyMutual.
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