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    MoneyMutual

MoneyMutual

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Overview

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.

  • Service
    1
  • Value
    1
  • Quality
    2
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Top Positive Review

“TESTIMONY ON HOW I GOT MY LOAN FROM A GENUINE LOAN COMPANY”

Sarah W.
9/5/15

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

Date of experience: 9/5/15
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Top Critical Review

“The problem is everyone that has made a complaint probably...”

Wanda p.
5/5/10

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: 5/5/10
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Reviews (99)

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bank account (10)
Thumbnail of user sharrona
Florida
1 review
4 helpful votes
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January 13th, 2010

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

Thumbnail of user nicoleg11
Michigan
1 review
4 helpful votes
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January 16th, 2013

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

Thumbnail of user samueld9
Texas
1 review
9 helpful votes
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July 25th, 2014

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

Thumbnail of user saids
North Carolina
1 review
1 helpful vote
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February 1st, 2011

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

Thumbnail of user viviang9
Arkansas
1 review
13 helpful votes
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June 17th, 2014

I had to close my bank account. They farmed out my info to other sources and those people got into my account and started taking money for things like online security and things i never asked for or heard of. They lied about fees and late charges and then called and cursed us and pretended to be law enforcement. Never do business with these people.

Date of experience: June 17, 2014

Thumbnail of user alysond
New York
1 review
2 helpful votes
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June 29th, 2010

Thank you all for writing reviews about MoneyMutual. I was thinking about going to get a loan through them to help pay a couple of bills, I am glad I came across this website because as everyone knows desperate times call for desperate measures and I would have filled everything out and given all my info just to get screwed in the end. So thanks again to all that wrote and I'm sorry you went through what you did and all the problems you have now because of MoneyMutual.

Date of experience: June 29, 2010

Thumbnail of user franko14
Ohio
1 review
2 helpful votes
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January 2nd, 2014

With all these celebrities hawking the scam money lending, insurance, and buying gold websites, there are many people getting taken for a ride, the money lending operation is just loan sharking on a national level

Date of experience: January 2, 2014

Thumbnail of user karenm44
New Jersey
1 review
5 helpful votes
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August 11th, 2012

This place is a complete scam. My husband borrowed 300 from them, he got paid every 2 weeks. Every 2 weeks like CLOCKWORK they were taking the 300 out of his check until we closed the account! They took 1200 from him!

Date of experience: August 11, 2012

Thumbnail of user lynnk7
Pennsylvania
1 review
0 helpful votes
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October 9th, 2012

I was shocked after seeing Montel Williams endorse this site then actually going on to read the reviews. I appreciate everyone sharing their information so others are aware of what is happening. I did read the fine print and honestly this is a scam. So if you think you are actually getting a little help when you need it you are actually getting screwed in the long run.

Date of experience: October 9, 2012

Thumbnail of user josha17
California
26 reviews
80 helpful votes
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December 10th, 2013

They are supposed to allow you review loans first by their lender network, however they simply just deposit money into your bank without your approval or authorization and expect you to pay it back! Second time around I went with AffordaCredit.com which was 100x better, as they approved me for a much larger loan amount and allowed me to review which lender I wanted before depositing into my account.

Date of experience: December 10, 2013

Thumbnail of user anissap
Washington
1 review
1 helpful vote
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June 17th, 2010

It may not be a scam but it is taking advantage of those in need. It is hard to believe that montel (who claims to care) would endorse any type of program such as this. I will not belittle and dismiss those who were caught in this web unlike others who carry an holy than thou attude I will however pray that you recover from your problems and be more careful in the future cause I've been there

Date of experience: June 17, 2010

Thumbnail of user carolj6
Alabama
1 review
2 helpful votes
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April 23rd, 2012

You apply for their payday loans and they turn you down, then you get constant mailers about the money sometimes two or three a week and when you call them to stop sending the mailers out they still keep on coming. If they are legitimate they would honor your request to have the mailers to stop but they do not. All I do with them is put them in the garbage and contact them again and again to stop sending out these loan request.

Date of experience: April 23, 2012

Thumbnail of user katv
New York
1 review
0 helpful votes
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October 13th, 2010

I'm glad I found this site (will bookmark it for future needs w/other websites!) Like so many others I found myself in a financial bind and my car broke down, needed $ for repairs so I can get to my full time job and full time university classes- no work, no money, so the car is essential. Thank you everyone for taking the time to sound the alarm, when someone is desperate things are done that wouldn't normally be done, but I definitely don't need the problems a loan from Money Mutual would cause! Anyone in this bind, try PL$ check cashing: they offer payday loans as well as smart installment loans and don't rape your checking account for payment. You simply leave them a post dated check for your next payday, which they hold til then. When you come in and pay the loan and fee ( yes, the fees are high, but there's no encumbrance of your email, phone, bank account!), they return the check to you, no perpetual access to your bank account/life!

Date of experience: October 13, 2010

Thumbnail of user tonis
Washington
1 review
5 helpful votes
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April 11th, 2010

FRAUD! Once you fill out the form, they don't contact you and let you review rates and sign agreement, they just deposit money into your account. Its being pitched by Montel Williams. The loan company is really SSM LLC. Dont ever use them.

Date of experience: April 11, 2010

Thumbnail of user stevet22
California
1 review
2 helpful votes
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January 16th, 2012

This site is s scam. If you're looking to pay the loan off with-in two weeks good luck! There is no way to pay the loan with in two weeks because the drop down box for making payments is greyed out and will not work! After they withdraw the first payment, which is only the extremely high interest rate, the payment drop down box works somehow works. If youre looking to pay back quickly with one payment look elsewhere because this site wont allow you to. $90.00 interest for a $300.00 loan. After they took out the $90.00 only then they allowed me to set up my payment options which included another $90.00 interest payment. Short & sweet I paid $180.00 on a $300.00 loan. SCAM!

Date of experience: January 16, 2012

Thumbnail of user jonathanr205
Florida
1 review
4 helpful votes
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June 20th, 2019

They send me money to verify account and I had to go to Walmart by gift card with the money they gave me. 10 hours later I get notifications that I ask my bank for a credit card and another place for money

Date of experience: June 20, 2019

Thumbnail of user jessicaa11
Florida
1 review
4 helpful votes
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September 21st, 2012

They will sell your information to companies that will call and harass you daily from car loans to payday advances. I received a minimum of 30 calls PLUS texts messages daily. Finally I just changed my phone number. You will receive calls from ppl who clearly English is their second language and they have zero professionalism or customer service skills... I ask them not to call and they either will hang up on you or yell at you and tell you they will continue to call... on top of it all. I never received the cash advance. IT WAS A 2 DAY NIGHTMARE. I just changed my phone number today!

Also, I receive a minimum of 350 spam emails each day from cash advance 3rd party companies each day.

Date of experience: September 21, 2012

Thumbnail of user janail
New York
1 review
2 helpful votes
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November 16th, 2012

I was in a jam and needed money and well I normally read reviews, but I was so stressed that I didn't have time. I am now worried I hope for the best... I know I should have done my research and I did read the fine print... I expect there will be fees so I am going to try to pay it of asap. I will update

Date of experience: November 15, 2012

Thumbnail of user saml1
Arizona
1 review
1 helpful vote
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May 30th, 2010

OMG! I started filling out the loan app, and for some reason I just stop because it turn out to be a payday loan. I am just like alot of other people very stress and not in the best of health and needed help. But I was talkin to my cousin and he was telling me that you can also get a personal loan instead of a payday. I went back to look at it and I came across this site. I am so so happy that I did because the last thing I need is a company stilling the lil money I do have out of my account. Montel have money and it don't affect him in anyway, but thats about right people with money could careless about us that is living check to check. We need to all pull together and put a class action law suit on this company and Montel for lying..

Date of experience: May 30, 2010

Thumbnail of user nancyt
California
1 review
2 helpful votes
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August 31st, 2010

I want to thank all of you that wrote in, you stopped me from making a difficult situation worse. Like many I was laid off, I went through all my savings to keep my bills up. I will be back at work in September, but I have no money left to pay Sept. Bills, I hate falling behind and $1,000 would have kept my payments current. I'm so glad I didn't do this. I pray for the rest of you that shared your bad experience, that some one will help you out of this situation. I was going to buy Montel's Juicer in the near future; but I'm sure that's a lie also. I wonder if Montel knows what this site does to people? Celebarties should know exactly what they are representing it puts their credibility on the line.

Date of experience: August 31, 2010

Thumbnail of user stephaniek14
Tennessee
1 review
8 helpful votes
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July 7th, 2013

I have worked for a payday loan company in the past and they are basically "legal loan-sharks." If you find yourself stuck in these types of loans first try transferring them to "installment loans", they have much, MUCH better finance rates and some of your monthly payment goes towards the principle... as long as you don't refinance it you will pay it off within a few months. If you can't convert the loan(s), start with the smallest payday advance and every time you "re-advance" it, reduce the amount you borrow back by $25.00-$100.00 until you have enough to pay the loan off without re-borrowing it. Then move to the next advance reducing as much as you can each payday. Once you are free from these types of loans, STAY AWAY from payday advances! THEY SHOULD BE ILLEGAL!

Date of experience: July 7, 2013

Thumbnail of user cynthiaw3
New York
1 review
4 helpful votes
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December 28th, 2011

I haven't experienced anything.

From all the reviews I have read, I know I will not be doing business with them.

Montel Williams should be shamed out of business for promoting this business and site.

Date of experience: December 28, 2011

Thumbnail of user johnr14
California
1 review
1 helpful vote
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August 18th, 2010

I always like Montel, but apparently he doesn't know what the heck he is endorsing. I was in a crunch and went to that website and filled all my information and punched submit and it went to another site to fill out the same information I just filled in and then wanted to sell me a credit card and debit my account $149.95 immediately and $33.00 every month to join. What a scam!

Date of experience: August 18, 2010

Thumbnail of user miked70
California
2 reviews
20 helpful votes
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July 7th, 2013

I got stuck in a bad place needed money so I could make it through. I went to money mutual to get a loan. They connected me with money key. Huge mistake. They gave me a 500 dollar loan. I recieved tye payment schedule and amount after I agreed to it. Not my choice I was told I woupd receive an email first then i could agree. Didn't happen that way. Soo now it goes like this get 500 and pay back 2000 I haven't missed a payment and they withdraw more that whats on the schedule... my advice is never get money from this place EVER. They are liars and theives. I wish I would've known what I would have to pay back before I agreed.

Date of experience: July 7, 2013

Thumbnail of user grega
Arkansas
1 review
2 helpful votes
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April 13th, 2010

Won't use since reading reviews here, and reading their privacy policy. All these people's troubles with the service could have been avoided (or anticipated) if they just READ THE PRIVACY POLICY, which they agreed to by filling out the application. It says in there in PLAIN ENGLISH what they will do with your personal and financial info; give it to other people so they can market stuff to you by mail, email, phone, cell phone and text message. This is what happens when people think the Privacy Policy is too long or inconvenient to read. Sites like this use that to their advantage. Also, this site does not lend money or arrange for loans. They just SELL YOUR INFO TO SOMEONE ELSE, just like it says on the front page.

Date of experience: April 13, 2010

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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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