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From the business
Installment Loans and Lines of Credit between $200-$3,500
MoneyKey is an online lender and service provider.
Apply online and verify your information; the process is quick1. If your application is approved, you may receive funds the same business day2.
MoneyKey is a state-licensed direct lender in Delaware, Idaho, Kansas, Mississippi, Missouri, Tennessee, Utah and Wisconsin. In Texas, MoneyKey is not the direct lender but is licensed as a Credit Services Organization and a Credit Access Business. In this state, loans are funded by third-party lenders and serviced by MoneyKey.
The CC Flow Line of Credit is provided by CC Flow, a division of Capital Community Bank, a Utah Chartered bank, located in Provo, Utah, Member FDIC. The CC Flow Line of Credit is serviced by MoneyKey.
1Not all applications are approved; duration of process may vary.
2If approved, any requested funds may typically be deposited into your bank account the same business day. For specific funding cut-off times here.
MoneyKey Reviews Summary
MoneyKey has garnered a mixed reputation, with many customers praising its efficient service and supportive customer representatives who provide clear explanations of loan terms. Users appreciate the quick access to funds and the flexibility in repayment options, often highlighting the professionalism and patience of staff. However, concerns arise regarding high fees and the complexity of repayment structures, leading some customers to feel misled. Additionally, there are reports of unauthorized transactions and account freezes, which have contributed to skepticism about the company's integrity. Overall, while MoneyKey is recognized for its customer service, potential borrowers should be cautious and fully understand the terms before proceeding.
This summary is generated by AI, based on text from customer reviews
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I was in a short term jam and needed $400 to get me through a difficult period. Moneykey staff were incredibly friendly and informative and provided me with the funding I needed. In addition, their explanation as to how the fees worked was comprehensive and I also appreciated the flexibility of their paydown schedule. Ofcourse I wish the cost was less but I know from experience that these are not inexpensive loans but they are still most helpful when I'm in an urgent situation. Thank you Moneykey. You are by far the best lender I have borrowed from.
For your saftey and peace of mind never never use this place. Borrow 500 to pay 2000. How does that work. They tell you how much you have to pay back after you agree to borrow money. On top of all that they take more than whats scheduled. And you can't get ahold of them
This business is a complete scam! I've told everyone on my friends list about this site. Please people, If you have sense''... Don't do anything affiliated with this company!
Hi Jessica,
MoneyKey is a state and federal compliant licensed and registered lender. We are sorry you feel this way and would welcome speaking to you to understand the root cause of why you feel this way. We have a fantastic track record with many thousands of extremely satisfied and grateful customers because of our service.
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- Sitejabber’s sole mission is to increase online transparency for buyers and businesses
- Sitejabber has helped over 200M buyers make better purchasing decisions online
- Suspicious reviews are flagged by our algorithms, moderators, and community members
Hello Mike. We are sorry that there is some sort of confusion. MoneyKey does not work in way that you outlined in your comment. Firstly, MoneyKey allows customers to make any principal payment that they choose to over and above the minimum payment.It can be any dollar amount and we do not have a minimum or maximum. Depending on the state and product, MoneyKey lists a total amount in an installment schedule if a customer were to make no additional principal payments and just let the loan run on with minimum payments. We allow customers full flexibility to pay as little or as much as they want with no penalty to ensure the debits fit their budget.
Secondly, it is not correct to list that you are only informed on how much you pay back after you have agreed. A loan cannot be originated unless one of our customer care representatives have spoken with an applicant. The process of depositing the money and then speaking to the customer about how much they owe is not a MoneyKey practice.
Lastly and most importantly, there either is some sort of confusion on why you say more money was taken than was scheduled. The debits follow your payment schedule. If there happened to be a computer error, we would correct it immediately and provide the necessary refund.
We have not received complaints about not being able to get hold of us since we are open 7 days/week for 13 hours/day M-F and 8 hours on each weekend day. We also have an online chat function off our website and have a team dedicated to responding to customer e-mails.
We hope this clarified your points and would be happy to speak with you about a better experience.