Can I use Money Mutual if I am unemployed?

Asked a year ago
No, Money Mutual requires borrowers to have a consistent source of income. As an unemployed individual, you might not meet their eligibility criteria. Money Mutual connects borrowers with lenders who offer short-term loans, typically ranging from $250 to $2,500. These loans are meant to be repaid in a short period, typically within a few weeks to a few months. Having a stable income is a crucial factor for lending institutions, as they need reassurance that borrowers will be able to repay the loan on time. Without a regular source of income, it becomes unlikely that Money Mutual will be able to match you with a suitable lender. It is recommended to explore alternative funding options that are more suitable for individuals without a job.
Jeff Whelpley is the editor / author responsible for this content.
Answered May 3, 2024

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