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 104th among Payday Loans sites.
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
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
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
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
If you guys don't have a CC and looking to get out of a rut then this will work for you. BUT! This is to help you out and they're looking to get paid too. PAY IT OFF FAST! And remember... GET WHAT YOU CAN AFFORD TO PAY BACK. SHARKS! Do the same thing too. It worked for me because i knew WTF I was doing. People just want free money. Sad but this work does not GAF about us. remember that
Date of experience: May 31, 2012
Money Mutual is ok, however it is kinda hard to get approved on. I have had much better luck with AffordaCredit.com and PDLCashAdvance.com.
Date of experience: February 8, 2015
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
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
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
They are really strict and only approve you for small loans. I have found that AffordaCash.com is a lot better.
Date of experience: November 29, 2015
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.
Date of experience: November 27, 2017
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
Fees are way to high at MoneyMutual, they just sell your data and you get spammed by lenders. I prefer AffordaCredit.com instead.
Date of experience: June 28, 2014
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
Do You Seek Funds To Pay Off Credits and Debts? { *******@gmail.com} Is Here To Put A Stop To Your Financial Problems.
Date of experience: January 16, 2019
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
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.
Is this your business?
Claim your listing for free to respond to reviews, update your profile and manage your listing.