MoneyMutual has a rating of 1.9 stars from 99 reviews, indicating that most customers are generally dissatisfied with their purchases. Reviewers complaining about MoneyMutual most frequently mention bank account, payday loan, and fine print problems. MoneyMutual ranks 17th among Payday Loans sites.
TESTIMONY ON HOW I GOT MY LOAN FROM A GENUINE LOAN COMPANY I am Mrs SARAH WILLIAMS From taxes U.S. A, I quickly want to use this medium to share a testimony on how God directed me to a Legit and real loan lender who have transformed my life from grass to grace, from being poor to a rich woman who can now boast of a healthy and wealthy life without stress or financial difficulties. After so many months of trying to get a loan on the internet and was scammed the sum of $5,200 i became so desperate in getting a loan from a legit loan lender online who will not add to my pains, then i decided to contact a friend of mine who recently got a loan online, we discussed about the issue and to our conclusion she told me about a man called Mr Marvin Williams who is the C. E. O of MAVIN INVESTMENTS LIMITED So i applied for a loan sum of (50,000.00USD) with low interest rate of 4%, so the loan was approved easily without stress and all the preparations where made concerning the loan transfer and in less than two(2) days the loan was deposited into my bank on the 25th of August 2015 so i want to advice any one in need of a loan to quickly contact for your Xmas loan him via:(*******@OUTLOOK.COM) he does not know am doing this i pray that God will bless him for the good things he has done in my life. http://marvininvestmentsl.wix.com/marvininvestment-org
The problem is everyone that has made a complaint probably did not read any of the fine print or listen carefully to the explanation of the site. The commercial clearly says they match you with over 60 lenders to get you approved for a loan. It never once said Money Mutual loans you a dime so of course there's no other info on there regarding interest rates. You'd have to go to the loan source themselves to find that info out. And if you can't then go through your bank and see who is withdrawing the money. Everyone is very quick to shout "scam" without reading up thoroughly.
The problem is everyone that has made a complaint probably did not read any of the fine print or listen carefully to the explanation of the site. The commercial clearly says they match you with over 60 lenders to get you approved for a loan. It never once said Money Mutual loans you a dime so of course there's no other info on there regarding interest rates. You'd have to go to the loan source themselves to find that info out. And if you can't then go through your bank and see who is withdrawing the money. Everyone is very quick to shout "scam" without reading up thoroughly.
Date of experience: May 5, 2010
This institution is interested in one thing: PROFIT. I set up a new email before I contacted this crap company. I have received over 3416 (and counting) junk email contacts in under a week. You would be better off going to a payday loan company that charges 300% interest. Now I am getting phone calls from solicitors. Give these idiots your contact info and you will never be lonely again. No wonder These morons are banned in some states. They should be banned in the U.S. altogether. Contact these scum idiots at your own risk
Date of experience: July 8, 2015
Bad idea and uncomfortable. I should have done my research first. Right after I applied for this assistance I was immediately contacted by potential lenders via text, voice and email. My credit is fair but I now fear that it will get worse with unsolicited inquiries.
Date of experience: November 15, 2017
I was about to apply but think God for the worldwide web and reviews. It's a shame they are taking advantage of people, however people just don't read the fine print. That's what they count on though. They can care less if you read it or not its still money in the bank for them! "YOUR MONEY"!
Date of experience: July 15, 2010
I knew this was a scam the second i heard the commercial. A once, mildly famous, daytime talk show host, said that i could have a grand. If this j-hole had to do bull commercials just to keep his upper-middle-class lifestyle without having to actually get a job. Talk about living the dream. I would rather be poor and work my $#*! off for my daughter than be a punk and use my face to get a buck. Noone cares about your balding, color blind, white woman marrying, fake $#*!. But he got a check he doesn't have to pay back. What a $#*!.
Date of experience: October 21, 2010
Everyone on this site is correct. However if you were making a big purchase such as a house or car, i think many would read everything and ask questions before purchasing. While watching the commercial if you look at the small words on the screen, they actually let you know that they are not a lender and more. However, it is not on the screen long enough to read through. You can actually review that on the site. So I don't think it is a scam. Money that is easy to get with bad credit is gonna cost you. If you have disposable income to spare every week and can pay what they are asking then by all means go for it. If not, then stay away from these types of loans. Better yet, the money you would use to pay them back, can be used to pay off some debt. People, always read the fine print. I am also sorry that you had to go through this.
Date of experience: July 1, 2010
Why not try asking for a $500 loan from a family member or friend and pay them back $150 or $200 more than you borrowed. It would be cheaper. Don't look bad on them for accepting the extra cash. Payday loans would get a lot more than that. Can't find anyone to loan you the cash? That is because when it is a family member or friend, many times they are not treated right and never get their money back. Either the borrower don't pay it back at all or they only pay a portion of it back. I speak from experience. I have about 6 people right now that owe me over $5000 total. That is the reason why payday loans are in existence and why they can charge what they want.
Date of experience: July 11, 2013
Stay far away from this shady business!
I took out a loan and they told me that they would take out the money every week through my bank account, therefore it will be paid off in 5 weeks. ''BS" They have been taking out money to my bank account every week for finance purposes. Something told me to call, so i can verify if the payments were finished. They told me that, I still owe them for the entire loan amount and the money that's been removed from my account was not for the loan. Money Key, is the so called "Private lender" and both sites clearly states, " Your loan will be due on your next pay date. At that time we will debit your bank account for the amount due. Remind you the rep told me that it'll be paid off in 5 weeks. So on top of the $540 they've taking from my account, I still owe them $450... THIS IS BULL$#*!!
Date of experience: August 30, 2012
I have been in a very tight financial situation for a while now. As a single mother with a three year old, with no child support (my ex is dodging) and a dead-end minimum wage job: I heavily weighed pulling out one of these loans.
I am glad I did not: I figured the APR on it would be ridiculous, but I wanted some cash to obtain an apartment. Fortunately, I clicked off the page, leaving ONLY my email information there.
I have been getting spammed by moneymutual.com multiple times daily for weeks now. Emails stating that I have not finished my application, and how I could receive money etc.etc. Well, I tried to unsubscribe: Which of course did not work.
I will bare with the low finances for now, and try to avoid having to resort to such methods.
Date of experience: November 24, 2010
Money mutual is a scam... they actually sell all you information top a third party, not just once but many times... and in all the call centers people also have gottwn fire for fraud. Take it from people that work there which i know personally. Their advise... STAY AWAY FROM IT
Date of experience: June 18, 2015
Money mutual claims to give you lenders that don't do credit checks for loans, yet every loan agency I was connected with ran my credit and denied me. I make a little over 3k a month, plenty to pay back any loan, but my credit isn't the greatest. They were not helpful at all, now I'm going to be even more behind.
Tip for consumers:
Don't use money mutual if you have lower than fair/good credit.
Date of experience: August 10, 2022
Checked out the site and I want to warn everyone do not listen to Montel Williams promotion of this business, they take money from your account before you can hang the phone up. You would think that Montel William would look into something like this before he put his stamp on it. Lol
Date of experience: March 14, 2012
Since applying several months ago I have been bombarded with emails for loan offers. I have tried to unsubscribe from these emails but get a message that I need a security code even though there is no way given to get one. I have contacted money mutual directly and ask them for help, their answer was that since the offers aren't coming directly they can not stop the emails. They are only helpful when it benefits them. I'm sorry I wasted my time.
Date of experience: October 30, 2020
I filled out the initial application form, then after reading the moneymutualscan.com site, I decided not to follow through with it. They sent me a final email to authorize this loan and I ignored and deleted it. They deposited the money anyway. I got a notice that the monthly payment would be $63.00 on a $200.00 loan! Of course I cannot get in touch with them, they design it that way. I assume the payments will be taken automatically out of my account at God knows what interest rate and for how long? Please be careful of scams like this, I wish I had. Sharron A
Date of experience: January 13, 2010
I am kind of disappointed with this site. It seems that no one really read what they were getting into. This is not a scam, it is a payday loan. You guys should get some education on finance and grammar. Money Mutual is a bad idea, but it is not a scam. Everything that this company is doing is legal. Read the fine print kids.
Date of experience: June 8, 2010
They Keep sending me an emergency card in the maill, so today I thought i could use a little money to pay a doctor bill and decided to look up the reviews. Exactly what I expected to see... horrible reviews. I will definately NOT be using this site to get a little cash to pay off anything. Sorry that those bad things had to happen to everyone that has tried this... Better luck next time :)
Date of experience: January 16, 2013
I really don't blame money mutal for anything, they did what they are supposed to do; set you up with different lenders and the lenders decide on how much to lend to you (I knew this going in, I blame myself for letting myself get into such a predicament).
Now I have paid back what I borrow and then some. So the way I look at it, is the debt has been paid back in full and I was never late on a payment. So why do I need to pay you more than what I borrowed if I paid on time. My advice to anyone is to look at your options and weigh them carefully before getting involve with money mutal or any payday loan place.
Date of experience: July 25, 2014
There is a private lender who is giving out genuine loans at a very cheap rate, I got my loan of 30,000$ from him and the interest rate was very convenient for me, that is why I have used this medium to inform you all about this lender.
If you need an type of loan kindly contact *******@gmail.com or you can text or call *******042 if you are in USA.
He offers loan from 3000$ - 500,000$ so contact him today for you to get your loan.
Email: *******@gmail.com
Phone: *******042
Thanks
Date of experience: September 3, 2018
First off, almost every review in here looks like an ad for some other loan place. Kinda weird but anyways. I applied with Money Mutual and got connected to a lender. Maxlend loans. The loan was not cheap but I got $1200 and it saved me from some real money issues. It is spread over 16 payments over 8 months and they even gove me an extra 9 days before my first payment. Total life saver for me anyway. If it were not so expensize I would have given 5 stars.
Date of experience: February 24, 2017
I have no problem with money mutual my problem is with one of the company's they use. I have worked with money mutual for 2 years now, requested a loan from one that I used before and they no longer loaned in my state. So I let the site pick for me and got a loan with Castle PayDay loans. IF YOU SEE THIS ONE DON'T DO IT! I borrowed $600 in August of 2012 and have paid $2047. 50 and I still owe them $325.00. The finance charge on $600 was $210 with nothing going toward principle. TALKING ABOUT RIP OFF!
Date of experience: January 29, 2013
I have had no problems with moneymututal. It simply is a payday loan! Are you expecting free money? Of course you will have to pay it back and it says it on its' main website. There are many other "moneymututal" sights out there that are not the true sight. Maybe you are not going to the correct sight and you are going to a "scam" sight. Try visiting www.moneymutual.com to get more information and to speak with a specialist. Or you could got o www.moneymututaltv.com to read otehr blogs from the relevant sight. I have had no expericence with MoneyMutual and would highly recommend their services.
Date of experience: February 7, 2011
The Pros
- They approved me for a loan when I didn't think I would be able to get one.
- They delivered the money when they said they would and it was fast.
- It was easy, convenient, private and I didn't have to ask someone else for money. I appreciated this more than I can say.
The Cons
- They try to trick you into borrowing more money than you initially ask for. No matter how much you say you want the loan for, when they bring up your loan amount, it's for the maximum. You have to search for the little link that lets you change the loan amount and it's not clear that's what you're doing at first. Be careful of this.
- It cost more than it does at CheckSmart to borrow money but I refuse to go to CS anymore because they do some weird thing with money orders now
- Money Mutual sent me a LOT of email. Email trying to get me to borrow more money even before my initial loan was due. Email trying to convince me to extend the loan. Email to see how much more money I was qualified for. Email to tell me more lenders were waiting to loan me money. Email to tell me I was free to borrow more money as soon as I paid back my loan. Email to tell me the sun was shining. A LOT of Email. I finally had to make a folder and filter just for MM.
Bottom Line: Money Mutual did what they said they would, when they said they would. I was responsible and paid back the money when I said I would. That's all there was too it, except I still get a lot of emails asking me to borrow money. I have no plan to anytime soon, but it's nice to know they're there if I need them.
Date of experience: August 24, 2012
So far it all been going good i mean really people u borrow money u should pay it back when the day is due for real alot of people borrow money and dont intend to pay back and u guys call it a scam for real IF U CANT PAY BACK WHY EVEN BOTHER BORROWING MONEY IF U KNOW U CANT PAY IT BACK ITS ONLY GOOD FOR SHORT TERM USES ONLY
Date of experience: August 9, 2013
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FOR LEASING OF BG/SBLC
MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
LEASING FEE = 4%+2%
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PRICE = 32%+2%
MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
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Name: Elvis roberts
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Date of experience: January 9, 2020
They offered me a lender called 500 fast cash. I request 150 dollars loan that i suppose to pay on the first two weeks. Total of my loan was 195, but 500fastcash started debiting me 45 dollars 4 times without notifying me and the 150 on original loan together. I tried calling them but no answer so i had to cancel my bank account and report to my bank about this scam.
Do not use money mutual and 500fastcash.com
Date of experience: February 1, 2011
MoneyMutual makes it fast and easy to find a short term payday and cash advance lender for fast cash in as little as 24 hours. Endorsed by Montel Williams.
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