• 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 96th among Payday Loans sites.

  • Service
    1
  • Value
    1
  • Quality
    2
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How would you rate MoneyMutual?
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

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.

Reviews (99)

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bank account (10)
Thumbnail of user jaym130
Kentucky
9 reviews
39 helpful votes
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November 29th, 2015

They are really strict and only approve you for small loans. I have found that AffordaCash.com is a lot better.

Thumbnail of user joeannm
Canada
1 review
0 helpful votes
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December 15th, 2011

I only heard about this site by a television advertising and the person who presented it was Montel Williams.

Thumbnail of user jamesl354
Texas
1 review
0 helpful votes
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November 27th, 2017

Good day dear esteemed readers, i am James Laker, a truck driver in South Carolina USA, i want to use the medium to share a brief testimony on how i got an Xmas loan online after running from high interested rate and was also scam online by 1 company named Ruby Hernendez Loan Company, i promised never to apply a loan online until one faithful day when a fellow nurse working in the same hospital with my wife told her how her husband got a loan that help him invest of Gold and Silicon oil business and the interest rate was low, after the discussion my wife ask for the lender details and she gave her the email of the God sent lender, my wife sent me the details and we contacted them via email; ( *******@yahoo.com) a God fearing Man, and they emailed asap to my surprise, so i followed the steps and today i am happy to tell you i and my family was offered a loan of $150,000.00 which we are using to set up a good business and good Xmas preparation, if any of you reading needs a loan with security and best assured company do contact Havills Loan Firm Inc ( *******@yahoo.com) today and i promise you that this reputable loan company would meet to you request. Thanks & God Bless You.

Thumbnail of user adrianb2
Ohio
1 review
1 helpful vote
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June 29th, 2010

Since I used this site I have all kinds of businesses accessing my checking account and taking funds not authorized. Websaversclub.com for 29.98 and they refuse to refund the money and just today I got another one that took miney in the form of a check thsy made up Debt2Wealth for 27.00 now I have 4 overdrafts at 35.00 each. I filed Fraud charges with the bank I have to do it this way becuase if I talk to them and they now refund the money I still have to pay the overdrafts. If my bank files it as fraud and they get my money back I don't have to pay these fees. The problem with that is it takes at least 10 business days before they start the investigation. I am desabled and live on a fixed income these S. O. B's don't care they just tap into your account when ever they want to. I can not find a number for Money Mutual I have emailed them I need the City and State wher this copany is I am filing charges with the Consumer Protection Agency - Better Business Bureau in their city and the Attorney General in their state. I f some one has the information what their physical address is please let me know. I am going to plaster this all over Facebook - Twitter - My Space and U-Tube These people have to be stopped they prey on the weak and helpless and have no remorse for the problems they create. Please evry one Put this info all over social sites.

Thumbnail of user candacef
Michigan
11 reviews
39 helpful votes
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June 28th, 2014

Fees are way to high at MoneyMutual, they just sell your data and you get spammed by lenders. I prefer AffordaCredit.com instead.

Thumbnail of user andyr25
Virginia
1 review
29 helpful votes
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August 29th, 2014

I got an offer from klickcredit.com for loan of 1500usd ( klickcredit.com). APR would be 7percent. Is it a good micro loan?

Thumbnail of user lisam65
Colorado
1 review
2 helpful votes
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April 14th, 2013

It is a typical payday loan. You borrow- pay back next payday in full with the fee.

Thumbnail of user juliem32
Florida
2 reviews
6 helpful votes
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November 6th, 2012

The website was good and easy to work with but the lenders are scammers. Warning: Be sure to read EVERYTHING before you sign.

Thumbnail of user geraldj3
Arizona
2 reviews
8 helpful votes
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July 24th, 2012

DO NOT USE THIS CRAP! I CANCELLED IMMEDIATELY!
LET ME EXPLAIN THE REPAYMENT PROCESS... You borrow $850 from the lender that contacted me (Cashnet) I contacted them on about the 11th of the month ALL of the money was going to be due back on the 20th of the same month. However, The State of Texas can do 4 extensions.
When you request an extension (1st request) you must pay the interest and fees of that loan $221 none of which goes to the initial $850... You get a new due date for ALL of the $850 again...
If you need another extension (2nd request) you must pay the interest and fees of that loan $221 none of which goes to the initial $850... You get a new due date for ALL of the $850 again...
If you need another extension (3rd request) you must pay the interest and fees of that loan $221 none of which goes to the initial $850... You get a new due date for ALL of the $850 again...
If you need another extension (4th request) you must pay the interest and fees of that loan $221 none of which goes to the initial $850... You get a new due date for ALL of the $850 again...
Each time if you wanted to pay on the principle you would have to pay the $221 + any additional money for the principal

Thumbnail of user stefyn
Nigeria
2 reviews
1 helpful vote
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January 17th, 2019

Do You Seek Funds To Pay Off Credits and Debts? { *******@gmail.com} Is Here To Put A Stop To Your Financial Problems.

Thumbnail of user rons27
Nevada
1 review
2 helpful votes
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January 4th, 2013

Has anyone ever heard the phrase "what have you done for me lately?".

It's amazing how these forums are great at publicizing bad experiences, but rarely give the spot light to people who have had good experiences. Let's be honest here, if you had a good experience there is more of a likelihood that you would be on your merry way vs. if you had a bad experience and you light the company up.

That being said, here is my opinion on Money Mutual and other websites like it...

If you find yourself needing a payday loan in any form, online or offline, it's important that you pay it off "in full" quickly, otherwise in many cases the lender will simply charge you a refinance fee for revolving your loan (not dissimilar to high interest credit cards). It never ceases to amaze me how people get wrapped up in the concept of an APR when this is supposed to be a two week loan. If you are the type of person who takes out these loans and wants to only make the minimum payment (again not unlike how people use other types of unsecured credit), you should not be appalled that you still have a balance due. If you bounce a check or go into overdraft with your bank, try annualizing that number and see how predatory it is. Bottom line, responsible use of credit makes it a good experience, but let's face it, lenders are in a business to collect an interest rate and that rate is assigned to the level of risk for the consumer.

Payday lenders are in business because the average borrower who participates in this market has been rejected by the traditional credit world and banks. With few other places to turn, the lenders offer an service (a very expensive form of credit mind you) when no others will... and it's a huge business with lots of people looking for loans. I will stand by Money Mutual clear eyed, because like many lender-matching sites, it is a service like e-surance or Lending Tree, not a lender itself, but a gateway to providers. Money Mutual does a better job than it's competitors trying to clarify risks and benefits and does a good job assisting consumers looking for a loan. It can't mitigate every bad experience between consumers who don't read and understand their terms, or lenders who provide an imperfect service for an imperfect loan product. If you have other options to borrow, I would recommend going elsewhere, however if you need to take an internet loan route, Money Mutual in my opinion is as good as it gets.

Thumbnail of user gillianh
Kentucky
1 review
2 helpful votes
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December 19th, 2012

They say they can find you loan but after all the run around NOTHING. Its a wast of time.

Thumbnail of user gs9
Ohio
1 review
0 helpful votes
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Thumbnail of user paule5
Ohio
1 review
2 helpful votes
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April 16th, 2010

First of all i would never give my bank account number to anyone big mistake

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About the business

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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