About Company
In 2016, Moneyman was established with a mission to cater to the financial needs of the people of Mississippi in emergency situations. This locally based company has positioned itself as a reliable provider of financial services. Moneyman offers payday and installment loans, along with check cashing services across all its locations. The company's focus is on providing a faster and more accessible lending experience compared to traditional banks.
Key Features
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Extensive Local Presence. Moneyman has established a significant footprint in Mississippi, with a total of 17 locations across the state. This widespread network ensures accessibility for residents seeking financial solutions.
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Convenient Online Application. Prospective borrowers have the convenience of applying for loans online. This user-friendly online application process streamlines the lending experience, allowing individuals to access financial services from the comfort of their own homes.
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Diverse Loan Offerings. Moneyman provides a range of financial solutions to meet varying needs. This includes payday and installment loans, offering flexibility in repayment terms. Additionally, the availability of check сashing services further enhances the suite of options for customers.
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Exclusive to Mississippi. Moneyman is exclusively available in Mississippi, emphasizing its commitment to serving the local community. This regional focus allows the company to tailor its services to the specific needs of Mississippi residents.
Pros and Cons
Pros
Cons
Reliability
Moneyman appears to be a reliable financial services provider, considering the presence of positive reviews. Customer feedback is often a good indicator of the reliability and trustworthiness of a company. However, it's essential to consider various factors when assessing reliability, such as the transparency of terms and rates, the ease of the application process, and the overall customer experience.
If the positive reviews highlight satisfied customers, efficient services, and transparency in dealing with financial products, it adds credibility to Moneyman's reliability. It's recommended for individuals to conduct thorough research, read reviews, and, if possible, reach out to the company directly to address any specific concerns before making financial decisions.
How to apply for a MoneyMan loan?
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Visit the Website. Open your web browser and navigate to the Moneyman website.
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Click "Apply Now". Once on the website, look for the "Apply Now" button. Click on it to initiate the application process.
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Create an Account. You will be prompted to create an account page. Provide the necessary information to set up your account. This typically includes adding a username, email, or phone number, and creating a password. Ensure that the information you provide is accurate and secure.
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Fill Out the Application. After creating your account, proceed to fill out the loan application. You may need to provide personal and financial information as part of the application process. Be prepared with details such as your income, employment status, and any other information required for the loan application.
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Submit the Application. Double-check all the information you've entered to ensure accuracy. Once you're confident that the application is complete, submit it through the online platform.
Conditions and Requirements
Conditions
Moneyman provides a range of financial services, including payday loans, installment loans, and check cashing. However, it's important to note that specific conditions and terms are not disclosed on their website. For payday loans, they offer advances ranging from $100 to $410, with repayment expected on your payday. Installment loans, on the other hand, range from $100 to $2500, with monthly repayment terms.
To obtain detailed information about the conditions, rates, and terms associated with their financial products, individuals are encouraged to contact Moneyman directly. This proactive approach allows potential borrowers to receive accurate and personalized details tailored to their financial needs. While the website provides an overview of the services offered, reaching out to Moneyman ensures that individuals receive comprehensive and up-to-date information, promoting transparency in the borrowing process.
Requirements
Moneyman does not explicitly disclose specific loan requirements on their website. However, based on general industry standards, here are some common requirements that individuals may typically encounter when applying for loans:
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Proof of Income. Lenders often require proof of a stable income, which may include recent pay stubs, bank statements, or other documentation.
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Identification. Borrowers typically need to provide a valid form of identification, such as a driver's license or government-issued ID.
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Age Verification. To qualify for a loan, applicants usually need to be of a certain age, typically 18 years or older.
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Bank Account. Many lenders require borrowers to have an active bank account for the transfer of funds and repayment.
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Contact Information. Providing accurate contact information, including a valid phone number and email address, is often a standard requirement.
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Residential Address. Lenders may ask for proof of residence, such as a utility bill, to verify the borrower's address.
Ways to receive the money
Moneyman provides borrowers with the borrowed amount through various funding methods. The types of funding offered by Moneyman include:
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Direct Deposit. A common method is through direct deposit into the borrower's bank account. Once the loan is approved, the funds are electronically transferred to the borrower's designated bank account.
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Check Issuance. In some cases, Moneyman may issue a check for the borrowed amount. Borrowers can then cash or deposit the check into their bank accounts.
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Prepaid Debit Cards. Another option is providing funds through prepaid debit cards. Moneyman may load the approved loan amount onto a prepaid card, offering a convenient way for borrowers to access their funds.
Products
Moneyman offers a variety of financial products to cater to the diverse needs of its customers. These include:
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Payday Loans. Moneyman provides payday loans, allowing borrowers to access a short-term cash advance. The repayment for payday loans is typically expected on the borrower's next payday.
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Installment Loans. For individuals in need of a more extended repayment period, Moneyman offers installment loans. These loans allow borrowers to repay the borrowed amount in multiple installments over an agreed-upon period, providing greater flexibility.
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Check Cashing Services. Moneyman extends check cashing services, enabling customers to cash their checks quickly and conveniently. This service is beneficial for those who may not have access to traditional banking.
Other Loans
Alternatives
RISE Credit
RISE Credit is a lending platform that offers installment loans with the flexibility of multiple repayment terms. Borrowers can explore this option for longer-term financial solutions.
Tower Loan
Tower Loan is a financial institution that provides various lending services, including personal loans. They may offer options for borrowers with different credit profiles.
Check Into Cash
Check Into Cash is a national chain that provides a variety of financial services, including payday loans, installment loans, and check cashing services. It could be an alternative for those in need of quick, short-term financing.
Advance America
Advance America is a payday loan company that operates in multiple states, including Mississippi. It offers payday loans, installment loans, and other financial services.
Editorial Opinion
Important
How to Choose a Lender
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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.
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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.
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Carefully review all the terms and conditions of your payday loan contract.
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Thoroughly examine the interest rates on payday loans and ensure that your contract includes a detailed breakdown of the total cost of the loan.
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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.
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Choosing a payday lender is a significant decision that demands careful consideration and a good understanding of how such organizations operate.
Methodology
At Finanso, we've carried out a comprehensive analysis of over 100 lenders, assessing them based on 35 different parameters across six key categories: accessibility of loans, customer relations, quality of service, interest rates, and transparency of conditions.
In each category, we carefully considered the most critical factors in selecting a lender. These factors include the interest rates, available loan amounts, minimum credit score, minimum income, application fees, and the speed at which funds are transferred.
At Finanso, we highly value our users, which is why we also focus on the quality of customer service, user reviews, and additional features that can aid our users in making a well-informed decision.
Our ultimate goal is to provide insightful recommendations and expert advice to assist you in selecting a lender that best caters to your specific needs.
