MoneyMutual Review

MoneyMutual Review

This lending marketplace that connects borrowers with lenders offering short-term loans of up to $5,000. While the application process is fast and easy, borrowers should be aware of the high-interest rates and potential for spam calls.

Home » MoneyMutual Review

How does MoneyMutual work

MoneyMutual helps consumers looking for small loans up to $5,000 connect with lenders through their online lending marketplace. Since 2010 they have helped around 2 million Americans access short-term loans even with bad credit.

On its platform, individuals looking for a loan can access a marketplace of lenders that can be used for emergency expenses, medical bills, car repairs, unexpected bills or payments, groceries, gas, and other essentials and expenses for special occasions like holidays, weddings or even travel.

In this in-depth MoneyMutual review, we’ll discuss its pros, cons, features, requirements, and customer feedback to help you determine if this lending company is a good fit for your financial needs.

Table of Contents
    • Apply once and receive offers from multiple lenders
    • Only a few requirements
    • No minimum credit score
    • Funds deposited within 24 hours
    • Payday loans carry a high interest rate
    • Loan terms may be less than 4 weeks
    • Can make you a target for marketing calls and emails

    What is MoneyMutual?

    MoneyMutual is a digital lending platform that connects borrowers to their network of lenders accepting all credit scores, even bad and poor credit. Using their platform you can apply once and be offered multiple loans from direct lenders. Be sure to read the terms of the loans before accepting them as many of them are likely to be high-interest payday and installment loans.

    Once you accept a loan offer, you will continue the relationship directly with the lender and leave MoneyMutual’s platform.

    It is important to note that Money Mutual is not a direct lender and is only a marketplace that connects borrowers to lenders.

    MoneyMutual Features

    • Short-term loans of up to $5,000.
    • No application fees.
    • 100+ estimated lenders in their network.
    • No minimum credit score. MoneyMutual only looks at the consistency of your income.
    • Funds are typically deposited within 24 hours.


    MoneyMutual does not require a minimum credit score, but you’ll have to meet the following requirements to qualify for a loan:

    • Age: Minimum 18 years old.
    • Income: There is no minimum income required. Based on our research to qualify for payday loans or bad credit loans, you should be earning at least $800 monthly.
    • Bank account: Have an active checking account.
    • Contact: You need a working email address and a valid phone number.

    Does MoneyMutual Check Credit?

    No, they do not perform any credit checks. However, their partner lenders will likely perform a soft or hard credit check (also known as a soft pull or hard pull) when you accept their loan offer.

    A soft credit check will not affect your credit score and is used to determine your creditworthiness however, a hard credit check generally occurs any time you accept a loan, credit card, or mortgage from a lender.

    They are used to see your credit score and credit history to determine the interest rate on the loans and they do impact your credit score.

    Is MoneyMutual Legit?

    Yes, MoneyMutual is legit. They started in 2010 after identifying the need for subprime consumers to connect quickly and for free with an alternative lender after being denied a loan at a bank. The company is based in Las Vegas, Nevada, and is registered with the Better Business Bureau (BBB). MoneyMutual has an A+ rating with the BBB and has received a number of positive reviews from satisfied customers.

    If you need to speak with them you can email [email protected] or call 1 844-276-2063.

    MoneyMutual Reviews


    Money Mutual is rated 3.2/5 stars. However, this may not accurately represent the quality of service of the company since this review only comes from 1 customer. The customer feedback shows dissatisfaction with the company’s services.


    Money Mutual is not a BBB-accredited company and does not have any reviews on its website.


    There isn’t much feedback on Reddit. One user posted about the site’s “exorbitant rates.” Another also commented about unlikeable collection methods from the partner lenders of Money Mutual.

    What Makes MoneyMutual Stand Out

    • Provides borrowers easier access to various lenders through a simple application that takes about 5 minutes. 
    • The requirements are very lenient compared to traditional lenders. No minimum credit score is required, but only minimum monthly income of $800.
    • They have a large network of lenders. After completing the application, Money Mutual can connect you to more than 60 lenders.
    • Money Mutual has a customer support that you can contact through e-mail, post mail, and telephone for any concerns/queries regarding your loan.

    Why you’ll want to look elsewhere

    We’ve listed some advantages above that can be quite attractive especially if you need some quick cash. However, there are always some downsides to these types of platforms. Before you make a decision, be aware of these factors.

    • High-interest rates – if you have a really bad credit score, you should expect higher interest rates. 
    • Smaller loan amounts – unlike other lending companies that offer up to $20,000, MoneyMutual can only offer you a small sum of money that can be used for smaller expenses. The company can connect you with lenders willing to lend subprime borrowers up to $5,000.
    • Spam – because your information is given to other third-party companies, you’ll be more prone to spam.

    Sites Like MoneyMutual

    • CreditNinja – CreditNinja is a direct online lender that offers different types of personal loans like installment and payday loans from $500 to $5,000. The online platform also provides educational resources to help users improve their financial literacy and improve their credit score.
    • – is an online lending platform that connects borrowers to various lenders in their network. They offer different types of personal loans like payday and installment loans ranging from $500 to $10,000. If you’re looking for a loan for larger expenses, may be the place to look.
    • 5kFunds – 5kFunds is also an online lending platform where borrowers can access loans from a collection of lenders. However, the financial solutions company offers a larger maximum loan amount of $35,000 for secured loans. 5Kfunds is known for its fast approval times and immediate funding. Like CreditNinja, it also provides its customers with online resources that can teach them how to become more responsible with their finances.

    How to apply for a loan online with MoneyMutual

    Here are the steps you need to take to apply for a loan online:

    1. Go to their official website at
    2. On the home page of the website, select an amount you want to borrow then click on Get Started.
    3. Complete the application process. You will only be required to enter basic information such as name, address, contact number, monthly income, and possibly the last 4 digits of your SSN.
    4. Wait for lenders to review your application. Once accepted by a lender, you will be redirected to their website.
    5. Complete the lender’s application.
    6. Review the loan offer. Accept or reject the terms.
    7. After e-signing your loan application, the funds will be deposited into your account. This may take as little as 24 hours.

    Wrapping up

    MoneyMutual is an online lending marketplace that Americans have been using since 2010. It is a legit option to consider when you need fast cash for an emergency. You can receive deposits in as little as 48 hours from application to funding. However, just like most quick loans, borrowing from MoneyMutual’s partner lenders will have risks high interest rates. 

    Be sure to review all terms before signing the loan offer.


    Loans: $200-$5,000

    APR: Varies

    Credit score: No minimum credit score

    Application simplicity
    User experience
    Customer Service
    3.5 Overall Rating

    Loan Reviews

    Online personal loans for Americans with good and excellent credit.

    Best Egg is an online lending platform that helps people who have good to excellent credit get fast loans up to $50,000. Watch out for the origination fee and if you have bad credit you're better off applying elsewhere. 

    Debt consolidation loans for people with bad credit.

    Have bad credit and in an emergency? Get a same-day loan up to $2,000 with MoneyKey. MoneyKey is a legit lender with an easy online application, quick approval and fast funding.

    Red Arrow Loans provides fast funding for loans up to $5,000 and terms up to 12 months. They are a legit lender but watch out for fees and marketing from 3rd party companies. 

    MoneyMutual Review