moneynowusa.com Review Is It a Scam
If you’re going to use the moneynowusa.com service make sure you’ve done a bit of shopping around first you do not want to pay a high fee or a unnecessary fee that you don’t need to pay. I will be honest although i’ve personally used online pay day lenders in the past i’m typically not a fan of them. I know there’s the whole convenience issue for most people but i’m personally not a huge fan of the whole process. In the case of Money Now USA it’s important to understand that Money Now USA is not a lender, it’s actually just a middle man that being said I think it’s important to read their terms and conditions before signing up with them. Below is a brief excert on their terms and conditions.
Below is brief excert of their terms and conditions to read it in its entirety visit www.moneynowusa.com/terms_conditions.php
Money Now USA Terms and conditions
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MPORTANT: MoneyNowUSA.com collects the information you provide on this and subsequent forms to match you with a cash advance lender based on your complete application.
MoneyNowUSA.com may share the information that you provide at any step in the application process with third parties, including members of its lender network and other third party lenders with whom it has a marketing relationship. Review our Privacy Policy for additional details.
Prospective lenders will evaluate your application information to determine whether they are able to offer you a cash advance loan. MoneyNowUSA.com does not guarantee that it will be able to place you with a lender in its direct network or that your loan application will be approved by any lender.
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My final thoughts on moneynowusa.com
moneynowusa.com is providing a service there’s nothing illegal about what their doing and they might also have many returning customers, Just understand that by using moneynowusa.com you are not speaking directly to a lender instead you dealing with the middle man. In some financial instances middlemen have helped me greatly and in other instances i’ve received terrible service the one thing I learned was to shop around and to search for the best rates there is another post you might be interested in titled Bad Credit Secured Loans if you’re looking for a loan.
Please leave your comments about MoneyNowUSA.com below by sharing your experiences you help others around the nation
They are legit and the middleman to all of the lenders out there. I recently had to take out an emergency loan through them and I must say their interest rates are crazy high….BUT that is circumstantial and only based on personal credit history.
It goes like this:
Once you fill out the application, a person calls you to verify ALL of the information you have given them. The person I dealt with (a very nice girl, polite and respectful) needed to verify my employer because I use my cell phone for work related stuff and I didn’t have an office line. That is the only thing some people may be uncomfortable with. They may call your employer to verify if you actually do work there.
Once that is established, if you have access to an email and fax, the agent will send you the email to print out, sign, and then fax back.
Once that is established, you should have your funds by midnight.
Be prepared to pay high interest fees. That is the main thing. They charge a refinancing fee every two weeks unless you pay off your loan in full. Mine was VERY high for so little money, but it was an emergency and I would rather suffer the rates later down the line. You have to pay off your loan in 50 dollar increments. For every 50 dollars you pay off, your refinance fee drops 15 dollars. For example:
If your refinance fee is 75 dollars, and you pay 50 dollars off your loan, your total due would be 110 dollars. If you pay 100 dollars then your refinance fee would drop to 45 dollars making your total 145 dollars, etc etc.
This is not for everyone and I would only recommend using it in EXTREME EMERGENCIES like I did.
I hope this helps. Good luck everyone!