Information About Short-Term Loans
This page offers information on MoneyMutual and the types of lenders that work with MoneyMutual customers as well as the types of loans that they provide. As you review this information, please keep in mind that MoneyMutual is not a lender.
Above all else, please use short-term loans responsibly!
What is MoneyMutual?
MoneyMutual is a FREE resource that allows borrowers and lenders to come together. That means that when you submit your information using this website or your mobile device, MoneyMutual will do its absolute best to give you the opportunity to connect with a lender that can meet your short term borrowing needs.
Lenders can often make a real-time decision about providing you a loan.
Here’s how it works:
What type of lenders can I find?
There are many types of lenders that work with consumers that use MoneyMutual. Each lender offers different types of loan products. Most of these lenders offer short-term loans that are meant to last about 2 to 4 weeks, depending on which lender you work with.
Those who are approved are often offered somewhere between $300 – $2,500 depending on factors like your monthly income, how long you have had your job, etc. These loans are also sometimes referred to as payday loans, cash advance loans, payday advances, etc.
In addition, to better serve the needs of consumers, some lenders offer other types of loan products, such as: installment loans, lines of credit, title loans, and auto equity loans.
How much do I have to pay back? What is the APR?
Since MoneyMutual is not a lender, we are not able to provide or advertise the actual terms, rates, annual percentage rates (APRs), or fees associated with the loan you may receive from a lender. The reason for this is that the terms, rates, APRs and fees vary from lender to lender.
If a lender agrees to work with you, you will be shown this information as a part of the loan terms, by that lender when you are redirected to their website.
Please review the information the lender provides carefully and make sure that you understand how much money you will receive and how much you are required to payback.
Each lender should provide its loan terms clearly and in a way that is easy to understand. If you do not understand the terms of the loan or don’t agree with them (including the APR), do not continue or agree to the terms and do not provide your electronic signature.
You are not obligated to accept the terms for any reason; however, you will not receive the loan if you do not agree. Reach out to your lender directly if you have questions about their loan offer.
What happens if I don’t pay the loan back on time or don’t pay it back at all?
If you accept the terms and conditions of the loan offered to you by a lender, you are agreeing to pay that loan back. Partial payment, non-payment or late payment of your loan may result in additional fees, legal collection action, or your failure to pay being reported to a consumer reporting agency.
Every lender has different terms and conditions for their loans. Most lenders are often willing to work with you if you should need some help. If you have questions or need more information, please call your lender directly. Let them know that you connected with them on MoneyMutual and they will be happy to help. If you have any issue contacting them, please let us know.
What is the renewal policy for these types of loans?
Renewal policies are different for every lender. As a convenience to you, some lenders may agree to alternative payment options. Some options may result in a renewed loan and additional loan fees. Please make sure to review your lender’s renewal policies, and make your payment preferences known to your lender. If you have questions or need more information on renewal policies, please call your lender directly. Let them know that you connected with them on MoneyMutual and they will be happy to help. If you have any issue contacting them, please let us know.
We work hard to provide a quick and easy resource for our customers to find lenders. If you have any questions, issues or concerns, please contact us immediately at firstname.lastname@example.org.
You may also contact us via snail mail at the address below:
8174 S. Las Vegas Blvd. Suite #109-432
Las Vegas, NV 89123