Requirements
MoneyMutual does not set a minimum credit score for borrowers so that people with bad credit can also get financing. To obtain approval of the application, the borrower must:
Be 18 years old;
Be a citizen or permanent resident of the United States;
Have a stable source of income earning at least $800 per month;
Active checking account;
Have employment or another source of income, such as a pension or social security payments.
Application details
The borrower is not required to provide documents to obtain a loan in MoneyMutual. However, all the information provided in the application must be valid, as the lenders check its authenticity before concluding a loan agreement. The application is completed in 5 minutes directly on the MoneyMutual website. After filling out the application, MoneyMutual processes the data for 2 minutes before offering credit options. The borrower may be refused if they do not have an active checking account. The probability of being rejected by MoneyMutual for other reasons is small since the company offers loans for people with poor credit.
How to apply for a loan
To apply for a loan with MoneyMutual, you should:
Choose the state you live in.
Enter your name, email, and zip code.
In the next window, enter your phone number and give your consent to receive SMS.
Choose your source of income.
Fill in your home address, the period of residence at this address, and answer whether you own a house.
Answer the question about active service in the army.
Answer the question about owning a car.
Enter the amount of your monthly income.
Answer the question about owning a bank account.
Answer the question "Do you have $10,000 in credit card debt?"
Choose the next salary receipt date and with what frequency you receive it.
Fill in the name and number of your employer and the method of receiving your salary.
Enter your driver's license number or government ID.
Fill in your SSN and date of birth.
Fill in the information about the active checking account where you want to receive money and click Submit Now.
