Check out our latest communities fighting
AI scams on Reddit and Facebook

website thubmnail of MoneyMutual

MoneyMutual

1.9

On SmartCustomer, businesses may not offer incentives or pay to remove reviews. Learn more about our Review Guidelines.

How would you rate MoneyMutual?
grey stargrey stargrey stargrey stargrey star

MoneyMutual Reviews Summary

MoneyMutual has a rating of 1.9 stars from 99 reviews, indicating that most customers are generally dissatisfied with their purchases. Reviewers dissatisfied with MoneyMutual most frequently mention bank account, payday loan and fine print. MoneyMutual ranks 103rd among Payday Loans sites.

service
1
value
1
quality
2

We monitor reviews for authenticity

Ohio
1 review
0 helpful votes
Follow Joshua D.
Unfollow Joshua D.
Share Review
Report Review

It says no credit check and have reasonable income and benefits and chould not get a $200 loan whats with that

Date of experience: August 22, 2012
New Jersey
1 review
5 helpful votes
Follow karen m.
Unfollow karen m.
Share Review
Report Review

This place is a complete scam. My husband borrowed 300 from them, he got paid every 2 weeks. Every 2 weeks like CLOCKWORK they were taking the 300 out of his check until we closed the account! They took 1200 from him!

Date of experience: August 11, 2012
Arizona
2 reviews
8 helpful votes
Follow Gerald J.
Unfollow Gerald J.
Share Review
Report Review

DO NOT USE THIS CRAP! I CANCELLED IMMEDIATELY!
LET ME EXPLAIN THE REPAYMENT PROCESS... You borrow $850 from the lender that contacted me (Cashnet) I contacted them on about the 11th of the month ALL of the money was going to be due back on the 20th of the same month. However, The State of Texas can do 4 extensions.
When you request an extension (1st request) you must pay the interest and fees of that loan $221 none of which goes to the initial $850... You get a new due date for ALL of the $850 again...
If you need another extension (2nd request) you must pay the interest and fees of that loan $221 none of which goes to the initial $850... You get a new due date for ALL of the $850 again...
If you need another extension (3rd request) you must pay the interest and fees of that loan $221 none of which goes to the initial $850... You get a new due date for ALL of the $850 again...
If you need another extension (4th request) you must pay the interest and fees of that loan $221 none of which goes to the initial $850... You get a new due date for ALL of the $850 again...
Each time if you wanted to pay on the principle you would have to pay the $221 + any additional money for the principal

Date of experience: July 24, 2012
Virginia
1 review
0 helpful votes
Follow Robert M.
Unfollow Robert M.
Share Review
Report Review

Can't even unsubscribe - Get cards even in US mail - sent registered letter RRR &
Got nothing accomplished - attorney & litigation next - Plus violations of US mail - I give them ZERO stars - FRAUDS

Date of experience: July 6, 2012
Pennsylvania
1 review
2 helpful votes
Follow amy r.
Unfollow amy r.
Share Review
Report Review

Tried to get loan they tell u no credit needed. Yeah right. We had one company, Money Key tell us we dont make enough deposits to qualify. I didnt give them permision to get that info from my bank. Of coursr we dont make enough deposits thats why we need a loan Duh. Its all a scam to get ur personal Info. Dont do it

Date of experience: June 6, 2012
California
1 review
4 helpful votes
Follow steven t.
Unfollow steven t.
Share Review
Report Review

If you guys don't have a CC and looking to get out of a rut then this will work for you. BUT! This is to help you out and they're looking to get paid too. PAY IT OFF FAST! And remember... GET WHAT YOU CAN AFFORD TO PAY BACK. SHARKS! Do the same thing too. It worked for me because i knew WTF I was doing. People just want free money. Sad but this work does not GAF about us. remember that

Date of experience: May 31, 2012
Texas
1 review
2 helpful votes
Follow Lilly L.
Unfollow Lilly L.
Share Review
Report Review

I had a unanticipated expense occur and I did not want to go ask a friend or my mother to borrow money so I foolishly decided to get a payday loan. I went to the money mutual, and like fool without any research, and filled put their forms for them to send out to their lenders. I accepted a small offer the found for me. THE VERY NEXT DAY, my phone blows up with telemarketers and goes on for days. About three days later I get phone calls from people with foreign accents telling me my banking information and social security number. This is not at all a secure site, hackers get into these loan applications and steal your personal information. STAY AS FAR AWAY FROM THIS SITE. STAY AWAY FROM PAYDAY LOANS ALTOGETHER!

Date of experience: May 7, 2012
West Virginia
1 review
2 helpful votes
Follow Carol J.
Unfollow Carol J.
Share Review
Report Review

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.

Date of experience: April 23, 2012
Utah
1 review
8 helpful votes
Follow Sarah k.
Unfollow Sarah k.
Share Review
Report Review

People need to start reading the fine print it clearly states that they are not a lender just a place that will find a lender that meets your needs. Now I don't know how trustworthy THOSE sites will be but this sites just directs you to others.

Date of experience: April 17, 2012
Maryland
1 review
0 helpful votes
Follow EVELYN W.
Unfollow EVELYN W.
Share Review
Report Review

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

Date of experience: March 14, 2012
California
1 review
2 helpful votes
Follow Steve T.
Unfollow Steve T.
Share Review
Report Review

This site is s scam
January 17, 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!

Date of experience: January 16, 2012
California
1 review
4 helpful votes
Follow cynthia w.
Unfollow cynthia w.
Share Review
Report Review

I haven't experienced anything.

From all the reviews I have read, I know I will not be doing business with them.

Montel Williams should be shamed out of business for promoting this business and site.

Date of experience: December 28, 2011
Ohio
1 review
0 helpful votes
Follow G S.
Unfollow G S.
Share Review
Report Review

After reading the reviews, I will not use it as well

Date of experience: December 17, 2011
Canada
1 review
0 helpful votes
Follow Joeann m.
Unfollow Joeann m.
Share Review
Report Review

I only heard about this site by a television advertising and the person who presented it was Montel Williams.

Date of experience: December 15, 2011
Florida
1 review
2 helpful votes
Follow sewall r.
Unfollow sewall r.
Share Review
Report Review

This is part of the United Scams of America. This is why everyone should ferverently support the new Consumer Protection Agency whom the Republicans are blocking in congress the appointment of the head of the CPA would derail these greedy loan shark SOBs

Date of experience: December 12, 2011
New Hampshire
1 review
7 helpful votes
Follow Star G.
Unfollow Star G.
Share Review
Report Review

Got a payday loan through one of their "providers" (since it says on it's web page that they refer you to their lender network). Since then, they have illegally given my banking info to at least two different companies that have taken money from me (not the payday loan payments but different companies). One I was able to get credited back. The other, for almost $160, I cannot get ahold of a real person to get my money back. I have emailed Money Mutual but they refuse to respond. I guess that I have to close out my bank account that I have had for years. WTF! Thanks Montel for screwing up my finances. I was fine paying off the loan, but this other sh*t is bullsh*t.

Date of experience: February 9, 2011
District of Columbia
1 review
4 helpful votes
Follow Kennedy H.
Unfollow Kennedy H.
Share Review
Report Review

I have had no problems with moneymututal. It simply is a payday loan! Are you expecting free money? Of course you will have to pay it back and it says it on its' main website. There are many other "moneymututal" sights out there that are not the true sight. Maybe you are not going to the correct sight and you are going to a "scam" sight. Try visiting www.moneymutual.com to get more information and to speak with a specialist. Or you could got o www.moneymututaltv.com to read otehr blogs from the relevant sight. I have had no expericence with MoneyMutual and would highly recommend their services.

Date of experience: February 7, 2011
Virginia
1 review
1 helpful vote
Follow said s.
Unfollow said s.
Share Review
Report Review

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

Date of experience: February 1, 2011
Arizona
1 review
1 helpful vote
Follow Jess C.
Unfollow Jess C.
Share Review
Report Review

Montel should be ashamed
December 22, 2010

Montel should be ashamed. All I need is $200 for a tire and some groceries. After reading the reviews, forget it.

Date of experience: December 21, 2010
New York
1 review
1 helpful vote
Follow Esther M.
Unfollow Esther M.
Share Review
Report Review

I have been in a very tight financial situation for a while now. As a single mother with a three year old, with no child support (my ex is dodging) and a dead-end minimum wage job: I heavily weighed pulling out one of these loans.

I am glad I did not: I figured the APR on it would be ridiculous, but I wanted some cash to obtain an apartment. Fortunately, I clicked off the page, leaving ONLY my email information there.

I have been getting spammed by moneymutual.com multiple times daily for weeks now. Emails stating that I have not finished my application, and how I could receive money etc.etc. Well, I tried to unsubscribe: Which of course did not work.

I will bare with the low finances for now, and try to avoid having to resort to such methods.

Date of experience: November 24, 2010