A review of moneymutual.com Is it a Scam

Moneymutual.com is just one of the many websites that have appeared in the wake of a bruised economy. This site is easily recognized as having talk show host Montel Williams as its official spokesman. Many people have turned to subprime and payday loans, as they are easier to obtain. In a moneymutual.com review, the site appears to be more of a financial hardship to its customers than a financial help. This website is more of a moneymutual.com scam.

MoneyMutual.com – understanding a credible lender

First of all, a credible lender will require at least a credit score of five hundred to six hundred before offering credit to a consumer. Credible lenders don’t want to take large risks, and wish to avoid consumers that are likely to default on their loans. Moneymutual.com clearly states that bad credit is not an issue. Neither are bounced checks, bankruptcies, or charge–offs. It seems that the worse a consumer’s credit is, the happier this company is to give a loan. This company seems to want to push consumers further into debt.

MoneyMutual.com is not a lender

Furthermore, moneymutual.com is not a lender. It is not a bank. It collects consumer’s personal information and distributes it to multiple payday lenders who pay sites a small fee to send them “qualified” applicants. These third party sites. It is the same as a catalog selling consumer information to credit card companies. What’s worse; consumer inboxes can (and often will) be inundated with spam emails from any number of predatory lending companies. It is a middle-man company in one of the worst ways. Instead of linking customers with services they want, this site links customers with many sites they may not want.

The type of people that might consider using MoneyMutual.com

the type of people who may seek a loan from this company are people who do not qualify for a traditional bank loan. Sadly, the consumers that come to this site may never actually be matched with a loan to meet their needs. This review shows that this site is not a credible lender trying to educate and help consumers during a financial crisis. The moneymutual.com scam is that this company tries to entice people further into debt by sending them to shopping card sites, and sending them to countless other payday loan “lenders”, where more forms will be filled out, more spam emails will be sent, and consumers will be sent in circles. Consumers should not visit moneymutual.com and should shop around and do a considerable amount of research before choosing this or any other online loan company. Hopefully, this moneymutual.com review will serve as a good warning to consumers to shop around and not be lulled in by celebrity spokespeople alone.