General Money Mutual Information

If you’ve been looking for somewhere to take out a short term cash loan, chances are you’ve come across a company called Money Mutual. Endorsed by daytime talk show host Montel Williams, Money Mutual is a company that provides its customers access to short term loan lenders.  These lenders specialize in small loans of an extremely short term nature, and are usually used by the borrower to cover their expenses until his or her next payday. Money Mutual is not a money lender; they are merely a means of finding a reputable lender that will work with you to provide such loans. Money Mutual, in actuality, provides access to a network of participating lenders. They have assembled a large number of short term loan lenders to match their customers with, based on the information provided by the customer.

In order to use this service, potential borrowers must go to the Money Mutual website and fill out a two-page form. This form will ask for personal information such as e-mail address, name, age, home address, employer name and address, and financial history.  Money Mutual ensures that your information will remain absolutely confidential. It is important to be completely honest during this process because customers are matched with participating lenders based on the data they provide.

Each lender in Money Mutual’s network has their own set of requirements for short-term loans, and you will be matched according to whose requirements fit you best. Most clients require that borrowers are employed, or have another steady source of income, such as an annuity or Social Security. The applicant is also required to be at least 18 years of age and should have a bank account with direct deposit.  As for the amount you can borrow, it varies from lender to lender; but typically the amount ranges from $300 to $1,000.

Once clients have been matched with an appropriate lender, they are then redirected to the lender’s website.  Here, they have an opportunity to review the terms and conditions of the cast loan before agreeing. Once they have, the lender will usually contact the new customer to confirm personal information and finalize the loan.
If you are thinking of taking out any kind of loan, be it short term cash loan, long term bank loan, or payday loan, be sure to thoroughly look through any and all loan documents before agreeing to the terms.  Once you agree, respond to your lender in a timely manner. This will ensure that the borrowed funds are deposited into your bank account as soon as possible.