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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.
Got a payday loan through one of their "providers" (since it says on it's web page that they refer you to their lender network). Since then, they have illegally given my banking info to at least two different companies that have taken money from me (not the payday loan payments but different companies). One I was able to get credited back. The other, for almost $160, I cannot get ahold of a real person to get my money back. I have emailed Money Mutual but they refuse to respond. I guess that I have to close out my bank account that I have had for years. WTF! Thanks Montel for screwing up my finances. I was fine paying off the loan, but this other sh*t is bullsh*t.
Date of experience: February 9, 2011
I saw the same commerical and have had payday loans before and was thinking of applying to money mutual but am thankful I read the reviews because like every other hard working American I don't have any money to waste or throw away and after the reviews I defintley will not be applying for a loan from them
Date of experience: August 5, 2010
I am sooooo grateful for this site, I to almost got suckered in. Of course when in need of cash but, Instead of trying it this way I will trust God! Of course Montel makes it seem trust worthy. But He got an endorsement check to do so. And I'm sure he never actually was in need of getting a Money Mutal loan from any of the 60 lenders at an extremely high interest rate.
Date of experience: November 23, 2010
Tried to get loan they tell u no credit needed. Yeah right. We had one company, Money Key tell us we dont make enough deposits to qualify. I didnt give them permision to get that info from my bank. Of coursr we dont make enough deposits thats why we need a loan Duh. Its all a scam to get ur personal Info. Dont do it
Date of experience: June 6, 2012
May I recommend a GOOD payday loan? Spot on loans, which also goes under PDL or Impact. They don't sell your information, they tell you up front what the fees are (kinda high, so I only borrow what is needed and pay it off IMMEDIATELY) but they are the most honest I have ever dealt with. *******102
Date of experience: June 8, 2010
DO NOT, AND I REPEAT, DO NOT USE THIS COMPANY! They will sell all your personal information to third parties, and you will immediately be bombarded with emails, phone calls and text message from scam artists trying to lure you into illegal loans
Tip for consumers:
Scam emails will ensue!
Products used:
Loan services
Date of experience: January 22, 2022
I had a unanticipated expense occur and I did not want to go ask a friend or my mother to borrow money so I foolishly decided to get a payday loan. I went to the money mutual, and like fool without any research, and filled put their forms for them to send out to their lenders. I accepted a small offer the found for me. THE VERY NEXT DAY, my phone blows up with telemarketers and goes on for days. About three days later I get phone calls from people with foreign accents telling me my banking information and social security number. This is not at all a secure site, hackers get into these loan applications and steal your personal information. STAY AS FAR AWAY FROM THIS SITE. STAY AWAY FROM PAYDAY LOANS ALTOGETHER!
Date of experience: May 7, 2012
I read reviews from this website after going over the information that money mutual site and I saw a lot of pot holes on this website. First of all it is a very welcoming and promising site that will guarantee you money like today, but it doesn't explain to you no where on the website how the interest rate will stand or where I can make instant payments when I am financially okay at the moment that I don't have to use money mutual again or what other ways that I can do to pay then close the money mutual account.
Secondly, Money mutual in the back of their fine print paragraph on the paper in the mail that I received stated that they are not a lender, an agent, or product lender. Then what are you? A credit card company scam?! I don't understand? Maybe that is why it is getting all the negative ratings it deserves.
Thirdly, Money mutual is pretty much missed out on phone numbers on the paper they sent to me in the mail. The mail only included the reference number that they highlighted in bold with Montel's picture smiling next to it and then the website.
There is no way that this company will succeed in getting customers. They are like most credit card companies out there who are barely starting their business as loaners first (which is a scam) then they start collecting by hitting you up with some random phone calls, unauthorized bank account transactions, and unexplained interests that they claimed to have explained in the beginning of the deal!
Bah HumBug!
Date of experience: September 7, 2012
EVERYTHINGS CORRECT MONEYMUTUAL IS A SCAM. SEEN IT ON MONTEL WILLIAMS AND WENT TO THE SITE. BEEN HARASSED EVER SINCE PHONE CALL CELL TEXT FAKE CREDIT CARD APPLICATIONS AND TONS OF EMAILS. SOM BE CARFUL
Date of experience: August 30, 2010
Money Mutual is set up to connect you with the worst loan servicers available. NEVER borrow money from any site that Money Mutual directs you to... NEVER! Instead of having Montel Williams as a spokesman, they would be more accurate about their intentions if Bernie Madoff was their spokesman.
If you borrow the minimum...$300 Your payback amount will be well over $1000 dollars... with 12 payments deducted from your checking account. If you are in a desperate situation for money, please try some other sites first, and make sure your read the contract, fine print and all... before you sign or initial anything electronically.
They almost trapped me, the guy was on the phone talking to me trying to get information, while I was reading the contract online at the same time. When I saw that payment schedule, number of payments, and amount of payments, I stopped the process immediately.
Site such as this don't let you know the payment plan until you have filled out all of the info and scroll down to the last page. If they let you know upfront, no one would even bother to fill out the application.
Date of experience: January 22, 2015
They gave my numbers to different people that text me all day and night and you can not call them because when you try to call the number is disconnected what a scam and even Montell Williams made a tv commercal for these clowns its becoming a pain im going to have to change my numbers and my bank info that they also have plus they have all my info even my DL im waiting for them to steal my identy!
Date of experience: January 18, 2010
This is part of the United Scams of America. This is why everyone should ferverently support the new Consumer Protection Agency whom the Republicans are blocking in congress the appointment of the head of the CPA would derail these greedy loan shark SOBs
Date of experience: December 12, 2011
Needed a little cash to pay off rest of rent, thought id try money mutual, Im redirected to someother website after and I see im paying back 10x the amount im asking I dont go thru with it. 1 1/2 months later im being sued by this some company I neverheard of before, turns out they deposited the money without my say so, and I didnt notice cuz it wasnt alot so I thought it was part of my commision check, long story short I had to pay them $950.00 for a $150.00 deposit I didnt even want and that was to avoid going to court. I feel taken advantage of and am disgusted that these ppl could legally do do business, and after reading some of the reviews here I know im not the only person this kinda thing has happened to. Do not barrow from money mutual or have anything to do with them, they are CROOKS and THIEVES, they promote good customer service but they denied any responsibility when I ca e to them with my delima
Date of experience: January 3, 2014
THEY ARE LIERS! THEY WILL RIP YOU OFF! WE BORROWED 300, AND HAVE PAID BACK OVER 500 AND THEY ARE STILL TAKING MONEY OUT OF OUR AC$#*! I CALLED THEM AND THEY TOLD ME THAT BY THE TIME WERE DONE WE WILL HAVE PAID BACK OVER 800! WE TOO ARE CLOSING OUR ACCOUNT!
Date of experience: November 27, 2012
GENUINE BANK GUARANTEE (BG) AND STANDBY LETTER OF CREDIT (SBLC) FOR BUY/LEASE
AT THE BEST RATES AVAILABLE
We offer certified and verifiable bank instruments via Swift Transmission from a genuine provider capable
Of taking up time bound transactions.
FOR LEASING OF BG/SBLC
MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
LEASING FEE = 4%+2%
FOR PURCHASE OF FRESH CUT BG/SBLC
PRICE = 32%+2%
MINIMUM FACE VALUE OF BG/SBLC = EUR/USD 1M
Our BG/SBLC Financing can help you get your project funded, loan financing by providing you with yearly. RWA ready to close leasing with any interested client in few banking days
Name: Elvis roberts
Email: *******@gmail.com
WHATSAPP NO: *******798
Date of experience: January 9, 2020
I went to this site because i saw montel williams and of course was in a jam and filled for a cash till pay day loan. I am so upset beyohd being able to explain i viewed the whole site made sure it had a trusted site certificate and they not only robbed my account of 70.00 they sent my info to so many sites i can't tell u how many cause i had a brand new email with four messages i have 240 and my phone rings off the hook around the clock with harrassing people one even told me since i answered my phone i had no choice and i agreed to subscribe to magazines. Ive had people call me a b**ch because i said i have had over 24 calls in 12 hours from this number and i was crying. I feel harrassed robbed and rapped i feel for anyone else who has or will go through this. They should compensate us for doing this and montel should send a public apology because this was the worst experience ever and they never accepted me for a loan they sold my bank info and my whole identity to at least 60 different companiea which are harrasing me. Im sick and stressed more anxiety then i needed when i already needed help. They helped me feel worse more stressed and took money.
Date of experience: March 28, 2010
I would have been better off going to a loan shark! I agree with others Montel should be ashamed of himself for endorsing this web site.
Date of experience: September 28, 2010
THE NIGHTMARE CONTINUES WITH THIS SITE. NOW I AM GETTING RUDE AND THREATING CALLS FROM # *******584 AT ALL HOURS OF THE DAY. BEEN CALLED A MOTHER F__KER WHEN I TRIED TO TELL THEM THAT I WAS NOT THE PERSON THEY WERE LOOKING FOR. MY FRIENDS HAVE EVEN BEEN CALLED. WHAT THEY DO IS MAKE THREATS OF LEGAL ACTION SO YOU WILL GIVE THEM YOUR BANK INFO THEN THEY DRAIN YOUR BANK ACCOUNT. THIS PRACTICE IS ONE BIG SCAM. I CONTACTED THE DEPT OF FANANCIAL INST IN MY STATE. I WAS TOLD TO TRACK AND DOCUMENT ALL CONTACTS AND FILE A COMPLAINT WITH THE FCC. BEWARE OF CALLS CONCERNING RE: USFASTCASH UNITEDLOANS EASTSIDE LENDERS. MY RESEARCH FOUND THAT ALL OF THESE LENDERS ARE UNDER INVERTIGATION. WE NEED TO BAND TOGETHER AND FIND A WAY TO HAVE THESE LENDERS SHUT DOWN..
Date of experience: October 18, 2010
Im glad i did not finished my's i'm not giving out my bank account number you people must think we are dam's fools
Date of experience: May 24, 2010
Can't even unsubscribe - Get cards even in US mail - sent registered letter RRR &
Got nothing accomplished - attorney & litigation next - Plus violations of US mail - I give them ZERO stars - FRAUDS
Date of experience: July 6, 2012
I saw this ad by Montell a few weeks ago. When I got into a short term finacial crisis I was almost tempted to do so, and I'm glad I looked for reviews. The website also states it is a payday loan. North Carolina has barred these companies from operating in the state. Pawn Shops use simialr tatcics, but if you don't payback the loan based on the item you pawn, then they are able to sell it and you're not stuck trying to get out of debt. No one should look down on people for being poor, for the same fate can happen to you. I have been broke, but I always pray and hang in there. Believe in God and not these hypocrites nor the pitchmen they use to sell you crap on TV.
As for Montell, I really used to think you were a stand up guy. I also used to see you advertise to help people who could not afford their medications, but you know this is not right. Now you pimpimg for LIFELOCK who is also now becoming a scam.
I pray everyone gets out of their financial crisis(s) and the spirit of debt be removed in the name of Jesus, Amen and God Bless you.
Date of experience: July 11, 2010
You are getting what you sign up for. A Short TERM, high fee loan. Not intended to be a long term loan. Weigh that going in and you will be fine.
Date of experience: June 22, 2013
It says no credit check and have reasonable income and benefits and chould not get a $200 loan whats with that
Date of experience: August 22, 2012
Making money off of desperate people. Does'nt get much worse. And it doesnt show the intrest rate... probably astronomica.
Date of experience: January 12, 2010
Nothing is free and this is a scam. Shame on you Montel. I need a loan that I can live with not die trying.
Date of experience: May 9, 2010
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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