Frequently Asked Questions (FAQs)
Answering Your Concerns
In this section, we address some common questions potential borrowers may have:
Q: How quickly can I get funded?
A: These loans are typically processed quickly, with funds often available within one business day, depending on the Lender and your application details.
Q: Do I need a credit check?
A: Some lenders don’t require a traditional credit check. However, they may still assess your creditworthiness through alternative means, such as income and employment history.
Q: Can I apply online?
A: Many lenders offer online application solutions for potential borrowers, making the process faster and more convenient. MoneyMutual’s online lending marketplace is an excellent resource for connecting potential borrowers to lenders.
Q: What happens if I can’t repay on time?
A: Failing to repay on time can result in additional fees, higher interest rates, and potential damage to your credit score. If you need help with repayment, contact your Lender to discuss alternative arrangements, such as payment plans or extensions.