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MoneyMutual Reviews

Based in Las Vegas, MoneyMutual is a leading loan online platform. They offer a free lender matching service on the website and are therefore not lenders. With an expansive network of lenders, they have facilitated access to fast cash for their customers. The application serves the purpose of finding you the most appropriate lender depending on your location within the shortest time possible.


Money Mutual is a payday loan lender-matching platform that is based in Las Vegas. It is dedicated to helping customers access short-term loans of up to $1000. The company claims that it is the leading network in its category. Being a lender-matching service, they do not lend money to customers but they help them to find the most appropriate lender depending on their needs. MoneyMutual is also exclusively endorsed by a celebrity spokesperson Montel Williams.

The company claims to have built an extended network of short term loan lenders to provide their customers with the requested money. The money borrowed is supposed to be paid back in about two to four weeks. As a precautionary measure for protecting your privacy, all lenders in the network are required to uphold the code of conduct.

From their website Money Mutual allows you to apply for a quick loan through filling out an online form which will help them match you up with the most appropriate lender in the network. You will then be redirected to the lender’s website and you might be asked to answer a few questions. From there, you are provided with the details of your loan such as loan amount, total fees, and any applicable charges.

When the application and approval are finished, you will receive the money in your bank within one business day.

Because there are several lenders working with this company, determining the exact cost of a loan is not easy since you can come across different lenders with varied terms. However, MoneyMutual.com acknowledges this fact and admits they cannot guarantee specific rates.

Some of the lenders in their network will accept alternative sources of income that are not typical employment.

To be able to apply for a loan through this company, you will need to fulfill the following requirements:

  • You should be having a job or any stable source of income
  • Your monthly income should be more than $800
  • You must be at least 18 years or older
  • You must be a citizen or a permanent resident of the US
  • You must have a valid check account

As a result of housing many lenders, these qualifications may vary and you may be asked to provide additional information for assessment.

The website is simple and user-friendly and is full of information explaining how the process works. Also, the application takes a few minutes and seems straight forward.

Due to the variance of the network of lenders, you will not find a single rate applicable to the services offered. And worse still, you won’t find the information about the cost of your loan until you submit the application to be matched with a lender.

Once you agree to take an offer with the matched lender, there is no turning back and MoneyMutual will have stepped out. If anything goes wrong, it’s upon you and the lender to sort the issue out.

The installment loans applied through the company will normally be for a 60-day term. In addition, the process of application is similar to payday loans.

To repay the loan, the company withdraws the amount from your account. For payday loans, the amount will be deducted as a single withdrawal while installment loans will be repaid in bits over time. It’s also important to note that extending the payment period for your loan will make it more expensive. Whenever possible, pay your loan as soon as you can.

In their privacy policy, it is somehow allowing the company to avail information collected on the website to third party users. This could mean that you may get a few advertising offers as a result of using the website.

Sometimes it can be difficult to choose which lender to settle on especially when your details match a variety of lenders. It is always recommended to perform a background check on the lender before accepting a deal.

Company is a free resource to borrowers that helps them find potential lenders. The fees charged are an agreement between the lender and a borrower. Therefore as a mediator, the company may not be in a position to know the exact APR for their networks.

On their website, they have provided a typical APR for a 14-day loan to be 261%-1304%.

They also advise their customers to study the terms and conditions they have been provided by the lender. If anything is not clear or if you do not agree with it, you are requested to decline the loan offer and resubmit your application.

Partial payment, late payments as well as defaulting loans will attract additional charges from the lender. Normally, these charges are stipulated in the loan agreement. If matters get out of hand, you can be faced with a legal collection or be reported to a credit bureau.

For borrowers who have a hard time in finding a lender, this can be a game changer because there are many lenders on the network with varied requirements. In states where few lenders are in operation, MoneyMutual could be the bridge to the gap.

Some lenders on the network will accept other sources of income as opposed to other lending companies who will only approve employment. This could mean that people who have been locked out by this formality can access loans.

The company claims to have an active 24/7 customer support department. You can reach them through several channels like email, phone, and chat.

If your loan is approved, you can be able to get a funding of up to $1000 within 24 hours deposited into your bank account.

You can apply even when your credit scores are poor. One of the advantages of not conducting a credit score check is not only making the application easier but also it helps people with bad credit.

Since the company acts as a middleman and not a lender, it is operational in most states where payday loans are legal. However, you have to select your location to be matched with a lender.

Customer Service: 8174 S. Las Vegas Blvd.
Suite #109-432
Las Vegas, NV 89123

Because MoneyMutual is not a lending, company it doesn’t charge you as a borrower.  Therefore, it does not offer discount codes.

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