How does Money Mutual work?

Asked a year ago
Money Mutual is a platform that connects borrowers with a network of lenders who may be able to provide them with short-term loans. The process is simple and convenient. To get started, borrowers need to complete an online form, which asks for basic personal and financial information. Once submitted, this information is securely shared with lenders within the Money Mutual network who may be interested in offering a loan. If a lender decides to make an offer, the borrower will be redirected to their website to review and accept the terms of the loan. It is important for borrowers to carefully read and understand the terms, including the interest rates and repayment conditions, before accepting any offers. The funds are typically deposited into the borrower's bank account within one business day after acceptance. Money Mutual does not make loan decisions and is not involved in the approval process. It simply operates as a connection service between borrowers and potential lenders.
Jeff Whelpley is the editor / author responsible for this content.
Answered May 3, 2024

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