• MoneyMutual

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 148th among Payday Loans sites.

  • Service
    1
  • Value
    1
  • Quality
    2
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What reviewers want you to know

Positive highlights

No positive highlights yet

Critical highlights

  • ), they return the check to you, no perpetual access to your bank account/life!
How would you rate MoneyMutual?
Top Positive Review

“2% Easy Loan Offer”

Stefy n.
1/17/19

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

Top Critical Review

“Just tried it out”

Joshua L.
8/10/22

Money mutual claims to give you lenders that don't do credit checks for loans, yet every loan agency I was connected with ran my credit and denied me. I make a little over 3k a month, plenty to pay back any loan, but my credit isn't the greatest. They were not helpful at all, now I'm going to be even more behind.

Reviews (99)

Rating

Timeframe

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Reviews that mention popular keywords

bank account (10)
Thumbnail of user joshual571
1 review
5 helpful votes
August 10th, 2022

Money mutual claims to give you lenders that don't do credit checks for loans, yet every loan agency I was connected with ran my credit and denied me. I make a little over 3k a month, plenty to pay back any loan, but my credit isn't the greatest. They were not helpful at all, now I'm going to be even more behind.

Tip for consumers:
Don't use money mutual if you have lower than fair/good credit.

Service
Value
Quality
Thumbnail of user joycea164
1 review
3 helpful votes
October 30th, 2020

Since applying several months ago I have been bombarded with emails for loan offers. I have tried to unsubscribe from these emails but get a message that I need a security code even though there is no way given to get one. I have contacted money mutual directly and ask them for help, their answer was that since the offers aren't coming directly they can not stop the emails. They are only helpful when it benefits them. I'm sorry I wasted my time.

Thumbnail of user pykiak
0 reviews
8 helpful votes
January 22nd, 2022

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

Thumbnail of user jonathanr205
1 review
4 helpful votes
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

Thumbnail of user marilynb69
2 reviews
4 helpful votes
November 15th, 2017

Bad idea and uncomfortable. I should have done my research first. Right after I applied for this assistance I was immediately contacted by potential lenders via text, voice and email. My credit is fair but I now fear that it will get worse with unsolicited inquiries.

Thumbnail of user rogerd46
1 review
19 helpful votes
July 8th, 2015

This institution is interested in one thing: PROFIT. I set up a new email before I contacted this crap company. I have received over 3416 (and counting) junk email contacts in under a week. You would be better off going to a payday loan company that charges 300% interest. Now I am getting phone calls from solicitors. Give these idiots your contact info and you will never be lonely again. No wonder These morons are banned in some states. They should be banned in the U.S. altogether. Contact these scum idiots at your own risk

Thumbnail of user fucopffu
1 review
20 helpful votes
June 18th, 2015

Money mutual is a scam... they actually sell all you information top a third party, not just once but many times... and in all the call centers people also have gottwn fire for fraud. Take it from people that work there which i know personally. Their advise... STAY AWAY FROM IT

Thumbnail of user juanm36
1 review
18 helpful votes
January 22nd, 2015

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.

Quality
Thumbnail of user viviang9
1 review
13 helpful votes
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.

Thumbnail of user donniec16
1 review
21 helpful votes
January 3rd, 2014

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

Thumbnail of user nicoleg11
1 review
4 helpful votes
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 :)

Thumbnail of user franko14
1 review
2 helpful votes
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

Thumbnail of user whitem2
1 review
8 helpful votes
July 11th, 2013

Why not try asking for a $500 loan from a family member or friend and pay them back $150 or $200 more than you borrowed. It would be cheaper. Don't look bad on them for accepting the extra cash. Payday loans would get a lot more than that. Can't find anyone to loan you the cash? That is because when it is a family member or friend, many times they are not treated right and never get their money back. Either the borrower don't pay it back at all or they only pay a portion of it back. I speak from experience. I have about 6 people right now that owe me over $5000 total. That is the reason why payday loans are in existence and why they can charge what they want.

Thumbnail of user candacef
11 reviews
39 helpful votes
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 carolj6
1 review
2 helpful votes
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.

Thumbnail of user evelynw3
1 review
0 helpful votes
March 14th, 2012

Checked out the site and I want to warn everyone do not listen to Montel Williams promotion of this business, they take money from your account before you can hang the phone up. You would think that Montel William would look into something like this before he put his stamp on it. Lol

Thumbnail of user opale
1 review
6 helpful votes
September 10th, 2013

I can't believe Montel Williams has leant his name to Money Mutual. Shame on him.

Thumbnail of user stephaniek14
1 review
8 helpful votes
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!

Thumbnail of user saids
1 review
1 helpful vote
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

Thumbnail of user jessicass
2 reviews
11 helpful votes
August 30th, 2012

Stay far away from this shady business!

I took out a loan and they told me that they would take out the money every week through my bank account, therefore it will be paid off in 5 weeks. ''BS" They have been taking out money to my bank account every week for finance purposes. Something told me to call, so i can verify if the payments were finished. They told me that, I still owe them for the entire loan amount and the money that's been removed from my account was not for the loan. Money Key, is the so called "Private lender" and both sites clearly states, " Your loan will be due on your next pay date. At that time we will debit your bank account for the amount due. Remind you the rep told me that it'll be paid off in 5 weeks. So on top of the $540 they've taking from my account, I still owe them $450... THIS IS BULL$#*!!

Thumbnail of user miked70
2 reviews
20 helpful votes
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.

Thumbnail of user lynnk7
1 review
0 helpful votes
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.

Thumbnail of user alysond
1 review
2 helpful votes
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.

Thumbnail of user jessicaa11
1 review
4 helpful votes
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.

Thumbnail of user stevet22
1 review
2 helpful votes
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!

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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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