MoneyMutual Review: Is It a Good Option?

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There are situations in life where you just need money in a pinch. Maybe you couldn’t quite make the month’s rent, or you were hit with an unexpected bill.

Whatever the cause, these are times where you may look for a fast loan. MoneyMutual serves as an excellent short-term remedy for these circumstances, offering an assortment of loan lenders that are willing to work with you even if you have bad credit.

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MoneyMutual Review
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MoneyMutual Pros and Cons


  • No Fees
  • Easy-to-use website to find lenders
  • Can receive loan offers in hours or even minutes
  • Provided educational resources
  • Easy approval process


  • Can’t help you with loan problems after you sign
  • Doesn’t offer loans to certain states
  • Only available in the U.S.
  • Need a regular source of income

What Is MoneyMutual?

MoneyMutual is a service that acts as a middle man, connecting you to various money lenders so you can get loans quickly and easily. They have a network of 60 different lenders and are willing to work with you even if you have bad credit.

They offer a variety of loans, including payday and installment loans. MoneyMutual is a great service to help you find short-term loans without any additional fees.

>> More: Best Personal Loans

How Does MoneyMutual Work?

MoneyMutual offers an easy-to-use website, allowing you to fill out a form and find a lender in just a few hours.

They can connect you with up to 60 potential lenders and educational resources so you can understand the loans you need. With only a few requirements, MoneyMutual is an easy way to find a fast personal loan that can help you avoid late fees.

MoneyMutual Features and Benefits

MoneyMutual not only provides quick and easy service, but you will also enjoy some benefits they have to offer.

Compare Tailored Rates

Since MoneyMutual works with various lenders, consumers have a considerable amount of choice for short-term loans, regardless of their credit scores.

When you apply for financing through MoneyMutual, you will be presented with lenders who are willing to work with you so you can choose the terms that fit your budget.

Fast Turnaround Time

MoneyMutual is great when you are in a pinch, and you need some extra cash because you can get loans in just a few hours and sometimes even minutes.

Because they have a network of over 60 short-term lenders, your chances of getting a loan quickly are much better than some other companies.

All you have to do is visit their website and fill out their form, and you could be getting a loan quicker than you think.

No Extra Fees

Customers will be happy to know that MoneyMutual is completely free of charge to use. There are no hidden fees or maintenance fees you need to worry about.

However, once MoneyMutual connects you with a lender, the lender may require their own fee, but as far as MoneyMutual is concerned, they won’t charge you anything.

Quick & Simple Online Form

MoneyMutual provides an easy-to-use online format that allows you to quickly submit your information so that you can get a loan as soon as possible.

What Does MoneyMutual Offer?

MoneyMutual is a great service that can connect you with numerous short-term lenders with various loan options.

Their interest rates are not that great, so if you have fair credit or better, you may want to look for another option.

Payday Loans

Online Payday loans are the most used short-term loans. They provide the borrower with extra cash to make it to the next payday, which is very useful for everyday purchases like groceries and other daily payments.

Payday loans will usually need to be paid off on your next payday, so you need to offer the lending company the date you get paid, as well as authorization for them to withdraw the required money from your bank account.

Because payday loans have notoriously high-interest rates and finance charges, you need to be sure that you can pay off the loan on your next payday, so you won’t be stuck in continual debt.

Cash Advances

Cash advances are similar to payday loans; however, lenders are willing to offer them to you even if you are at your credit limit.

In a similar fashion to payday loans, cash advances also come with high-interest rates, so you should be sure you can pay them off before taking on the loan. Essentially, cash advances are a good option if you need to make a cash-only payment and don’t have the money on you at the time.

Installment Loans

MoneyMutual can connect you to many different lenders who offer a variety of installment loans. Installment loans are where you agree to pay a loan back over a certain amount of scheduled payments.

These loans typically have lower interest rates and fees than payday loans, so if you can trust yourself to make payments on time, this option could be great for you.

Loans for Bad Credit

MoneyMutual has many different lenders willing to work with those who have poor credit. Because of this, many people can receive loans where they otherwise wouldn’t be able to with a different company.

Instead of credit being used to determine your worthiness to receive a loan, lending companies will look at other factors such as proof of monthly income.

>> More: Best Bad Credit Loans

MoneyMutual Eligibility Requirements: Are There Any?

MoneyMutual does require a few requirements; however, they aren’t very demanding. First, if you are looking to use MoneyMutual, then you need to be a U.S. resident.

You will also need to show proof of a regular source of income and have a valid checking account. Lastly, you need to be at least 18 years old to use MoneyMutual.

MoneyMutual Income Requirements Explained

MoneyMutual requires that you make at least $800 a month to utilize their service. You will also have to provide where you get this money.

Whether it’s a pension, paycheck, or social security, you will need to specify where you get your income in order for them to determine your eligibility.

How Long Does It Take to Receive Funds Through MoneyMutual?

If you qualify for MoneyMutual, you can potentially find a lender in just a few minutes. However, in order for your loan to be approved, it will need to be reviewed by the lending company before you get an offer.

This process could take a few days, but once you accept your loan, the lending company will try to fund your account within 24 hours.

How Much Can You Borrow through MoneyMutual?

Because MoneyMutual acts as a middle man between you and the lenders, there isn’t an exact amount that you can borrow. Loan amounts can vary between different lending companies and the type of loan.

How Does MoneyMutual Compare to Other Lenders?

MoneyMutual offers outstanding short-term loans, but other services may provide a better deal for you. Before choosing which company to work with, you should understand how they are different to see which is best for you.

#1. MoneyMutual vs. CashUSA

CashUSA is another great option for short-term loans. They offer up to $10,000 in loans and do not charge any fees.

Like MoneyMutual, they have access to many different lenders that will work you even with bad credit.

They also offer competitive rates and don’t have many requirements. Overall, CashUSA is a considerable alternative for short-term loans, and you can trust their secure websites to keep your information safe.

>> More: CashUSA Review

#2. vs. MoneyMutual has an easy online application process and offers loans ranging from $1,000 to $35,000.

The service does not charge any fees and has very similar requirements to MoneyMutual. If you decide to take a loan from them, you can expect to see the funds in your account in as little as one business day. offers generous loan amounts, making it a notable option for those in need of quick emergency funds.

>> More: Review

#3. Payoff vs. MoneyMutual

Payoff offers customers with better rates and higher loan amounts than MoneyMutual, but it has more extensive requirements.

To qualify for a Payoff personal loan, you need to at least have a 640-credit score and earn $1,000 in monthly income.

If you do qualify, you can receive loans up to $40,000 while having better rates than MoneyMutual.

Unlike MoneyMutual, though, you may have to wait up to five days to receive those funds. In general, MoneyMutual is best for those with bad credit and need quick loans, whereas Payoff caters to those who may need larger loan amounts and have fair or good credit.

>> More: Payoff Personal Loans Review

#4. vs. MoneyMutual

Badcreditloans.comoffers customers quick and easy-to-learn loans up to $5,000. They don’t charge any fees and are open 24/7. is ideal for those with poor credit because the company can connect you with many lenders willing to work with you despite your poor credit score.

Overall, if you need a quick loan while also having bad credit, you may find that is a great option for you.

>> More: Review

Frequently Asked Questions

Although short-term loans can be helpful in an emergency, it’s important to understand how MooneyMutual operates before you apply for a loan through them:

Is MoneyMutual Legit?

MoneyMutual is a legitimate company that is completely safe to use. In fact, they are part of the Online Lenders Alliance, which ensures that the lenders in their network follow industry standards and will not offer any predatory loans. They also offer 256-bit encryption, as well as daily scans to block any scammers or malware.

Is MoneyMutual Free to Use?

Yes – MoneyMutual does not charge any fees for you to utilize their service. The company serves as a middle man for you and the lenders.

Even though the company doesn’t require any fees, the lenders might. Before you sign for a loan, you should understand exactly what the lenders require from you so that you aren’t responsible for any hidden fees.

Despite that, MoneyMutual is a completely free-of-charge service that aims to help you get fast and easy loans.

Does Money Mutual Do a Credit Check?

No – MoneyMutual will not perform a soft or hard credit inquiry of any kind. They don’t even require that you have good credit.

However, they may connect you with a lender that will perform a credit check. Some lenders will do a hard credit check, while others may only do a soft credit check, so you should understand which check your lender will perform before you get a loan.

Remember, soft credit checks won’t affect your credit score, while hard credit checks will.

Does Money Mutual Do a Hard Inquiry?

No – MoneyMutual will not perform a hard inquiry or any credit checks. However, they may connect you with a lender that will perform a hard inquiry, so be careful before signing for a loan.

Is it Safe to Use MoneyMutual?

Yes – MoneyMutual is very safe. It is backed with 256-bit encryption and is a member of the Online Lenders Alliance, so you can trust that your personal information will be safe with MoneyMutual.

Bottom Line: MoneyMutual Review

MoneyMutual serves as a great short-term payment solution for a sudden unexpected payment. They allow those with bad credit to use their service, and they don’t charge you any fees.

If you ever need a quick loan to help with a payment and aren’t concerned about higher interest, then MoneyMutual could be a good option.

Justin Estes
Justin Estes

Justin Estes is a Senior Personal Finance Writer who is a recognized small business accountant, consultant, and credit card expert. His background in accounting and finance led to a passion for helping people make the most of their money and matching them with financial products that enhance their lifestyle. Justin attended Charleston Southern University where he double-majored in Finance and Accounting. Justin’s areas of expertise are credit cards, small business finance, accounting, and taxes.