MoneyMutual Review

Occasionally, we all need to get some cash quickly. But that can be easier said than done for those with a limited credit history or a poor credit score. Fortunately for those individuals, there are several solutions they can try. One of those solutions is to find a loan through

When you have an unexpected expense, can help you find a remedy that is both quick and convenient. But what separates from all the other sites that perform similar services?  In this review, we will show you everything you need to know about using this service next time you are in a pinch. 

Table of Contents

General Information About

MoneyMutual Review

The main role of is to connect borrowers with loan providers. However, that does not mean that is a lender. Instead, they act as a middleman between those who need quick funds and those who can provide them. 

In 2010, this company’s creators recognized that many Americans have little to no money saved up for an emergency. In response, came into existence to provide some relief. 

Since that time, millions of people have used this resource to find a lender that can help them with their financial struggles. Along with that main function, also focuses on educating its users about the loan process. 

Over its history, has established itself as a reliable name in the short-term loan market. To this day, they continue to help individuals find a way to solve emergency financial stress.

The Pros Of

If you are in search of a short-term loan, you may have noticed that there are many avenues you can take to find one. That makes one of many options that you can use. To help you understand what this option has to offer you, we have included a list of the main pros of

  • Intuitive User Interface
  • Quick Application Approval
  • No Fees
  • Educational Resources
  • No Credit Check

In the sections below, we will describe what each of those benefits means for you as you search for a way to overcome your current financial woes. 

Intuitive User Interface

The world of personal finance is confusing enough as it is. So, when it comes time for you to find a quick loan, you’ll want to choose the service that is easiest to use while remaining effective. 

In this regard, is a great option. This website has a straightforward layout that is easy to navigate and use to find a loan. You will find plenty of options on the site, including educational resources and access to privacy policies and the general terms of use. 

With such an intuitive user interface, you won’t have any issue finding what you need on the website. That ease of use makes a site that people of all ages and levels of technical expertise can use. 

This easy process reduces some of the stress you might feel while going through financial hardship. While your finances may worry you, at the very least, the site you use to resolve them won’t make your job more difficult than it needs to be. 

Quick Application Approval

After navigating the website, you will be pleased to find that the loan application process on is just as easy to complete. boasts a simple application that requires some basic information from you. 

Come prepared with details about you, your residence, and your income and employer information. With those details in place, you should be able to complete the application in a matter of minutes. 

What is even more reassuring is that application approval is often even faster. After you complete your application, will send it to its expansive network of lenders. 

At times, you might begin a conversation with one of those lenders in a matter of minutes. In other instances, it may take a few days for your application to gain approval. Either way, this represents a quick fix compared to some other loan application scenarios. 

No Fees is not just easy and convenient, but it is also completely free to use. This may seem too good to be true. But the reality is that will not charge you any fees to use their service. 

The explanation for this is that makes its profit by charging fees to the lenders rather than the borrowers. Since facilitates the loan process for lenders, those lenders are willing to pay small amounts to be included in the network. 

However, the fact that is free does not mean that you won’t pay any fees at all. In many cases, you may have to pay a small fee to the lender you connect with. Still, itself remains entirely free of fees. 

Educational Resources

Not everyone is well-versed in the short-term loan approval process. recognizes that and does its best to make sure that all users can get the most out of their experience on the site. 

One of the main ways that does this is by providing numerous opportunities for education. On their site, you will find multiple pages that exist for no other reason than to help users understand the loans they are seeking. answers common questions that users have. Additionally, they make an effort to explain some of the standard terms that people use in the short-term lending industry. For instance, you can learn the differences between cash advances, payday loans, and bad credit loans. 

They also give descriptions of different loan repayment processes. Through these educational resources, users can better understand their loans and know more about how to avoid predatory lending scenarios. 

No Credit Check

One of the primary reasons that people do not seek loans from a bank or another lender is that they are concerned about their credit scores. Some people don’t know their credit history, while others know that their credit history is distinctly bad. 

What’s worse is that checking a credit score can lead to a decrease in the score. That means that the simple act of seeking a loan has the potential to diminish your financial standing. 

Luckily, does not include a credit check as a part of its application process. Users will instead need to provide other basic financial information.

This lack of a credit check is a relief to many and will make it easier to get started with using However, it is important to know that the lender you end up contacting may have their own review process. That process can include a credit check. 

The Cons Of has many advantages for those who need funds in a hurry. But that does not mean that it is the perfect platform. There are several reasons why is not the ideal lending choice for some users. Here are a few of those reasons:

  • Limited Availability in Some States
  • Low Maximum Loan Value
  • is a Middleman

Now, let’s take a look at some of those cons in greater depth. Read on to see if the disadvantages of mean you should look for another service. 

Limited Availability in Some States is a great tool for those with a financial emergency. However, you may not have the chance to use this site if you live in certain locations. For example, is not available to those who live in Connecticut. 

Both borrowers and lenders in New York are also unable to utilize The reason for this is that New York has interest rate limits that prevent from being a legal avenue for acquiring a loan.

If you live in any of the other 50 states, you should not have an issue using But remember that individual cases can vary. Depending on your information and situation, there may be some restrictions related to how you can use

Low Maximum Loan Value

There is a limit to how much money you can borrow via That limit may make this site less than desirable for borrowers that need a large sum of money. 

Loans that come through will fall between $100 and $2,500. Those figures can help you settle some minor debts but will not suffice in many other cases, such as when you have high medical bills from an unforeseen injury or illness. 

This loan limit is somewhat typical of all services like So, while a limit of $2,500 may seem restrictive to some, similar low maximums will likely apply to most short-term loans. That means that the $2,500 limit is not a problem exclusive to Still, if you need a larger loan than that, is not a good option for you. is a Middleman

The fact that is not technically a lender may be the most significant drawback of this platform.’s sole responsibility is to allow borrowers and lenders to find each other. They play the role of middleman rather than issuing you a loan directly. 

That relationship means that lenders have the freedom to set some stipulations for the loans they give. For instance, they can have influence over your loan rates, and they may also charge you some fees. 

Those outcomes confuse people at first because they expect to be free. But while is free for borrowers, that does not mean that the actual lenders can’t charge their own loan fees. If you choose to use, know that the lenders will have a lot of influence over your loan details. 

Overall Reputation & Reviews For

The fact that has been in existence for over a decade gives some implication that it is a service that borrowers can trust. However, that does not mean that users are completely without complaints regarding this company, as ratings are different depending on the review site. 

Many of these complaints come from people who discover that their loans will come with a high interest rate. These rates cause users to pay far more for their loans than they expected. But there is no indication that a comparison to similar services shows them to be any less reputable than their competition. 

Despite some complaints, maintains an impressive A+ score from the Better Business Business Bureau. That rating should give you some confidence that is a site you can trust.  

Q&A For

Whenever someone is in need of a short-term loan, they often have a lot of questions. To help round out your knowledge or, we have included some answers to the most common questions that people have about the platform. 

Which States Does Operate In? is available to users in the following states:

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

The only states in which is unavailable are New York and Connecticut. 

Which Type Of Loans Does Offer? offers loans in several different varieties. Each one is better suited for different financial situations. Read on to learn which of these loans is the right choice for you:

  • Payday loans: Payday loans are the most typical type of loans that you can find on the network. As the name implies, payday loans come with the requirement that you pay back the loan on your next payday. To get one of these loans, you will need to supply information about your current payment schedule. 
  • Cash advances: Compared to payday loans, cash advances are very similar. Cash advances will allow you to receive a quick sum of cash regardless of your current credit limit. Like payday loans, cash advances will come with high interest rates.
  • Installment loans: With installment loans, you will pay back your loan in a set number of scheduled payments. The advantage of these loans is that they often have a lower interest rate than payday loans. 
  • Bad credit loans: Bad credit loans are ideal for those with poor credit history. For approval, lenders will look at factors like your current income rather than your credit score. 

Each of these loans gives a short-term fix to financial issues. The one you choose will depend on our distinct needs and some details of your financial background. 

How Do I Qualify For Loans & Do They Require A Credit Check?

If you are interested in a loan from, you need to ensure that you qualify for one. Fortunately, the qualifications on this site are somewhat minimal. 

To be eligible for a loan, you need to be 18 or older and be a United States resident. Beyond that, all you need initially is proof of a monthly income over $800 and an active checking account. 

Another issue that many loan seekers worry about is their credit histories. Many who seek short-term loans have credit scores that would exclude them from gaining access to other loan opportunities. 

Thankfully, for those with bad credit, does not conduct any form of credit checks. However, if you make contact with a lender in the network, that lender will likely conduct a credit check before giving you the loan. These lenders will often conduct a soft credit check, which will not affect your overall score, unlike a hard credit check. 

How Much Does Cost? is free to use. Rather than charging borrowers fees to use their platform, charges lenders instead. 

However, even though is free to use, that does not mean that all lenders will not charge fees. Sometimes a lender will charge you a fee, and in nearly every instance, you can expect there to be high interest rates for whichever loan you end up with. 

High-interest payments can increase your loan payment significantly. But they are part of the trade-off of using short-term loans. While you can get short-term loans with minimal hassle, they come at the cost of higher rates. 


According to our review, it is a fantastic option for anyone who needs to get cash in a short period of time. These loans often come with high-interest rates, but those rates are often worth it for those who are desperate for money in the near future. As an additional benefit, is completely free to use. Next time you need a short-term loan, give a try.

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