Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.7
(20 Ratings)

BMG Money Account Review

Advertiser Disclosure

A BMG Money personal account offers a simple and accessible loan application process, tailored for employees with stable jobs. With no credit score requirement, fixed interest rates, and flexible loan amounts, it provides financial flexibility. Automatic paycheck deductions ensure timely repayments, while financial education resources and responsive customer support enhance the borrowing experience.

bmg money account

Key Features

  1. Easy Application Process. The BMG Money application process is straightforward, allowing users to quickly apply for loans online.

  2. Employer-Based Eligibility. Eligibility for a BMG Money loan is based on employment status, making it accessible to those with stable jobs.

  3. Flexible Loan Amounts. BMG Money offers flexible loan amounts, allowing borrowers to choose the amount that best fits their needs.

  4. Customer Support. Access to responsive customer support for any questions or issues related to your account or loan.

How to Create a BMG Money Account?

Online

  1. Visit Website. Go to the BMG Money website.

  2. Click Log In. Click on the "Log In" button.

  3. Click Sign Up. Select the "Sign Up" option.

  4. Enter Details. Enter your email, state of residence, create a password, and enter a referral code if you have one.

  5. Start Application. Click "Start My Application".

Offline

  1. Visit A Branch. Go to your nearest BMG Money branch.

  2. Request Account Setup. Inform the staff that you want to set up a personal account.

  3. Provide Personal Information. Give your name, address, email address, and phone number to the staff.

  4. Identity Verification. The staff will verify your identity.

  5. Complete Setup. The staff will set up your account, and you will receive login instructions to manage your BMG Money products and services.

Step-by-step Registration

  1. Visit Website. Go to the BMG Money website.

  2. Click Log In. Click on the "Log In" button.

  3. Click Sign Up. Select the "Sign Up" option.

  4. Enter Details. Enter your email, state of residence, create a password, and enter a referral code if you have one.

  5. Start Application. Click "Start My Application".

  6. Employer Name. Type in your employer's name in the search box and select it from the dropdown menu.

  7. Categorize Employer. Choose the option that best describes your employer from the dropdown menu.

  8. Mailing List Subscription. If BMG Money does not currently operate in your state, you will see a message asking you to subscribe to their mailing list. Enter your first name, last name, and mobile phone number to subscribe.

How to Log In?

  1. Visit Website. Go to the BMG Money website.

  2. Click Log In. Click on the "Log In" button in the upper-right corner of the page.

  3. Enter Credentials. Enter your email address and password in the fields provided.

  4. Click Login. Click on the "Login" button.

How to Activate My Account?

When you create a BMG Money account, you will receive an email from them with instructions on how to activate your account. To do it, simply follow the instructions in the email, which may include clicking on a link or entering a verification code.

If you have not received an activation email from BMG Money, be sure to check your spam or junk email folder. If you still cannot locate the email, you can contact BMG Money's customer service team for assistance.

Once you have activated your BMG Money account, you can log in to your account using the email address and password you provided during registration. From there, you can manage your account, apply for loans, make payments, and more.

How to Delete My Account?

To delete your BMG Money account, you will need to contact the company's customer service department. You can contact customer service by phone at 1-800-316-8507 or by email at [email protected].

When you contact customer service, you will need to provide some basic information to verify your identity, such as your name, address, and account number. Once your identity has been verified, customer service will be able to assist you with deleting your account.

It's important to note that deleting your account will also cancel any outstanding loans or loan applications with BMG Money. If you have an outstanding loan, you will still be responsible for making any remaining payments on the loan, even after your account has been deleted.

Before deleting your account, it's a good idea to review any outstanding loans or loan applications to ensure that there are no issues or concerns that need to be addressed. If you have any questions or concerns, the BMG Money customer service team will be able to assist you.

How to Reset My Password?

  1. Visit Website. Go to the BMG Money website.

  2. Click Log In. Click on the "Log In" button in the upper-right corner of the page.

  3. Forgot Password. Click on the "Forgot your password?" link located below the login button.

  4. Enter Email. Enter the email address associated with your BMG Money account and click on the "Send Reset Link" button.

  5. Check Email. You will receive an email from BMG Money with instructions on how to reset your password. Follow the instructions in the email to create a new password.

  6. Log In. Once you have created a new password, log in to your BMG Money account using your new credentials.

Editorial Opinion

The BMG Money personal account provides a convenient solution for employees seeking financial assistance without the need for a credit score. Its straightforward application process and automatic paycheck deductions simplify borrowing and repayment. While the fixed interest rates offer predictability, potential borrowers should assess whether the loan amounts and terms align with their financial needs and long-term goals. Overall, it is a viable option for those who prioritize ease of access and financial education resources.

Important

Keeping your Debt-to-Income (DTI) ratio below 30-40% of your monthly income is crucial. This will help you avoid potential financial problems in the future. Additionally, always assess the necessity and feasibility of taking a loan, ensuring you can comfortably manage its repayment.

How to Choose a Lender

  1. Make sure to confirm whether the lender is licensed to operate in your state. You can verify this information with your state regulator or attorney general.

  2. Check if the lender is a member of a reputable association, such as the Community Financial Services Association of America. Membership in such organizations may provide an extra level of reliability.

  3. Carefully review all the terms and conditions of your payday loan contract.

  4. Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.

  5. Take advantage of your right of rescission. Usually, you can rescind the loan within three days after signing the agreement. Alternatively, there is typically a "cooling-off" period, which allows you several days to thoroughly review the contract before making an informed decision to enter into a consumer loan agreement based on the terms specified by the lender.

  6. Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.

Additional Resources

FAQ

How do I check my BMG Money loan information?

You can access your BMG loan information, such as balance, payment schedule, transaction history, eligibility, loan documentation, payoff information, and more directly, through your BMG Money account.

How do I contact BMG Money?

You can contact BMG Money using the following methods:

  1. Phone. You can call BMG Money at 1-800-316-8507 to speak with a customer service representative.
  2. Email. You can send an email to BMG Money at [email protected].
  3. Mail. You can send mail to BMG Money at 444 Brickell Avenue Suite 250, Miami, FL 33131.

BMG Money provides dedicated customer service to assist borrowers with any questions or concerns they may have about their loans or the loan application process. The company's customer service team is available to assist borrowers through phone, email, or mail.

Why can't I access my BMG Money account online?

If you're having trouble accessing your BMG Money account online, there could be several reasons why:

  1. Incorrect login credentials. Make sure you're entering the correct username and password for your BMG Money account. If you've forgotten your password, you can reset it by following the instructions on the login page.
  2. Technical issues. There may be technical issues with the BMG Money website that are preventing you from accessing your account. Try clearing your browser cache and cookies or try accessing the website from a different browser or device.
  3. Account inactivity. If you haven't used your BMG Money account in a while, it may have been deactivated due to inactivity. Contact their customer service to reactivate your account.
  4. Account suspension. If there are issues with your account or loan payments, BMG Money may suspend your account. Contact customer service to resolve any issues and reactivate your account.

If you're still having trouble accessing your BMG Money account online, contact customer service for assistance. They can help troubleshoot the issue and provide guidance on how to access your account.

Offers
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.74
(20 Ratings)
Recommended FinScore™
0
300
650
1000
$500-$10,000
Rate
i

Interest rate

up to 36%
Term
i

Loan term for the financial product

up to 36 months
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
500.00 – 12000.00 $
Rate
i

Interest rate

19.99 – 35.99 %
Term
i

Loan term for the financial product

6 months – 48 months
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
500.00 – 10000.00 $
Rate
i

Interest rate

19.99 – 35.99 %
Term
i

Loan term for the financial product

6 months – 36 months
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
500.00 – 10000.00 $
Rate
i

Interest rate

19.99 – 35.99 %
Term
i

Loan term for the financial product

6 months – 36 months
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Finanso
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Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
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300
650
1000
2000.00 – 100000.00 $
Rate
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Interest rate

6.34 – 35.89 %
Term
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Loan term for the financial product

2 months – 72 months
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Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
100.00 – 4000.00 $
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

3.93
(20 Ratings)
Recommended FinScore™
0
300
650
1000
450.00 – 12000.00 $
Rate
i

Interest rate

27.50 – 81.29 %
Term
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Loan term for the financial product

6 months – 1399 days
Apply
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BMG Money calculator
Interest rates are given in accordance with the rates of the BMG Money of 13.09.2024
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BMG Money reviews 2024
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4.8
Pros
The representative I dealt with was extremely knowledgeable and helpful, taking time to thoroughly assist me with my needs.
Complain
4.8
Pros
Incredible service – I received the money almost instantly, within mere seconds!
Complain
4.6
Pros
My representative, Steve, displayed exceptional professionalism. He explained everything in detail, both professionally and courteously, guiding me through the process efficiently.
Complain
2.4
Cons
I currently have an outstanding loan, and a few months back, I observed that the requirement for refinancing shifted from four consecutive payments to six, which wasn't a major issue for me. However, upon checking recently, I found that it now stipulates a need for ten total payments. I've attempted to contact the company to understand the reason for these changes, but it's been impossible to connect with anyone over the phone or to communicate with a live person via chat.
Complain
4.8
Pros
The process was straightforward, and the approval came quickly. I'll certainly use their services again.
Complain
4.4
Pros
I'm grateful for the hard work and effort this company has invested in assisting me with my financial needs.
Complain
4.2
Pros
It's definitely not a scam, but requesting additional funding can be a bit irritating. I assumed it would be straightforward since they already had my information and were receiving allotment payments. The first time I applied for extra funds, I even took screenshots showing all the required information, but my application was repeatedly rejected, leading me to give up. The second time around, I simply saved a statement as a file and uploaded it, resulting in approval within minutes. Now that I understand the correct way to apply, it shouldn't be difficult to request more funds in the future. Apart from that initial frustration, the overall process was quick and simple, with the funds being deposited in less than 24 hours.
Complain
1.8
Cons
I am not responsible for the $11k debt attributed to me by BMG Money. The home address and employment details they have are incorrect; I have never lived at that provided address. Additionally, BMG Money's loans are extended to Postal employees, and I have never worked in that capacity.
Complain
2.4
Cons
I've been communicating with this company for nearly 11 days now, yet there's still no solution to my issue. The problem arises when I attempt to link my work account, which seems to be an issue on their end. If there's an unwillingness to approve an application, I'd prefer straightforward communication. Unfortunately, this company isn't quick to approve loans; I've waited patiently, but to no avail.
Complain
4
Pros
My experience was extremely pleasant, and the representative made the process incredibly easy, stress-free, and wonderful.
Complain
Company rating
3.7
/ 5
20 reviews
Application
3.8
Support service
3.8
Mobile App
3.9
Service quality
3.6
Your satisfaction level
3.7
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