Who owns MoneyMutual?
In addition to the fine, which will be paid out over three years, the company has agreed to “revise its advertising to make clear that MoneyMutual’s services are not available to residents of New York,” the company said. MoneyMutual’s parent company SellingSource is owned by private equity firm London Bay Capital.
How legit is MoneyMutual?
It’s a legit and safe service that operates with more than 60 lenders. This means that it’s a proven platform in the loan market. This website is also part of the Online Lenders Alliance which guarantees that the lenders are part of this network by industry standards and don’t offer predatory loans.
How do you qualify for MoneyMutual?
How to qualify for a payday loan
- Proof of regular income: Regular income can come from a job.
- $800 in monthly income: It’s possible to qualify if you make more, but generally you must make at least $800 a month.
- Be 18 and a U.S. resident: Lenders only qualify residents of the United States that are 18 years or older.
Can I get a loan without a job?
If I don’t have a job, can I still get a loan? Yes. Many personal loan lenders are willing to consider other sources of income. If you don’t have income, you may be able to qualify for a loan based on your assets.
Does MoneyMutual call your employer?
MoneyMutual® is not a lender, and we won’t contact your employer. After you connect with a lender, some may call the number you provide to verify employment, but they typically do not discuss your financial situation.
How can I get a loan with no credit?
Apply for a secured loan. While many personal loans are unsecured, some lenders also offer secured personal loans that require collateral, such as a car or other valuable item. These types of loans are less risky for the lender, which could make it easier to get approved even if you don’t have a credit history.
How can I borrow money with no income?
One way to get a loan without proof of income is by taking out a family loan, which is a loan from a family member that may or may not involve a contract. Before you borrow the money, you should discuss the terms and conditions of the loan with the family member loaning you the money.
Can I get a loan if Im on unemployment?
Yes, since the bank may not be willing to offer you a loan if you are unemployed. The bank takes into consideration your occupation and annual income as it helps them determine the rate of interest, they should levy on your loan amount and whether you will be able to repay the loan back in time.