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.

3.1
(13 Ratings)

Moneytree

Advertiser Disclosure

About Lender

Moneytree is recognized as a reliable Money Services Business (MSB), offering convenient and hassle-free loan options for those in need of quick financial assistance. Their services are designed to provide customers with fast and easy access to funds without the prolonged waits and complex procedures often associated with traditional banking systems. Moneytree operates in several U.S. sector, including California, Colorado, Idaho, Nevada, and Washington, ensuring a broad coverage and accessibility for a variety of financial services. They emphasize a straightforward and user-friendly experience, aiming to meet the immediate financial needs of their customers with efficiency and reliability.

Regarding loan offerings, Moneytree provides a range of consumer loans tailored to meet the diverse needs of its clientele. These loans are available in select states such as California, Colorado, Idaho, Nevada, and Washington, with specific products varying by market area to cater to the unique financial regulations and requirements of each state. The types of loans offered include installment loans, payday loans, and signature loans, each designed to accommodate different financial situations and repayment capabilities. This variety ensures that customers can find a loan option that best fits their immediate financial needs, whether it's coping with unexpected expenses or managing short-term cash flow issues.

The process for obtaining a loan from Moneytree is characterized by simplicity and convenience, aiming to minimize the hassle typically associated with loan applications. Prospective borrowers can apply online through a secure application process, which includes uploading necessary documents in just seconds to complete the application. Following the submission, Moneytree conducts a fast and convenient review process. Once the loan verification documents are received, the options for receiving funds include instant funding to a debit card account, ACH bank deposit, or pick-up in a branch where available. This streamlined process, coupled with the flexibility in funding options, underscores Moneytree's commitment to providing accessible and immediate financial support, subject to certain limitations and requirements to ensure a responsible borrowing experience.

Moneytree

Key Features

  1. Different loan options. Depending on the state, the company offers various financing options. This includes Payday Loans and Installment Loans - both available online or in-office, as well as Title Loans, Signature Loans, and Auto Equity Loans.

  2. Account aggregation. Moneytree allows you to connect and view all your financial accounts in one place, including bank accounts, credit cards, and investment accounts.

  3. Expense tracking. With Moneytree, you can track your spending by category, set budgets, and receive notifications when you exceed your budget.

  4. Bill management. You can manage and pay bills directly within the app and receive alerts when bills are due.

  5. Investment management. Moneytree allows you to invest in stocks and funds directly from the app and provides real-time market data and portfolio tracking.

  6. Financial planning. Moneytree provides personalized financial planning and analysis, including recommendations for savings, investments, and insurance.

  7. Security. Moneytree uses bank-level security and encryption to protect your financial information and transactions.

  8. Integration with other financial tools. Moneytree can be integrated with other financial tools and services, such as accounting software and tax preparation software, to streamline your financial management.

Pros and Cons

Pros

Quick and easy acceptance. Sixty minutes is the average time it takes for applicants to hear back regarding the status of an online application.

Immediate funding. Prepaid cards acquired through business or in person at a branch can be used to get funds immediately.

Simple access and approval. When you agree to register and sign in account, you can receive personal offers from the firm with access to the application and other options.

Scam alert. Moneytree has an alert to let customers know that Moneytree's name and company information is used in a scam where people receive threatening phone calls about overdue loan payments.

Cons

Limited availability. Moneytree's services are only available in a select number of U.S. states (California, Colorado, Idaho, Nevada, and Washington). This geographical limitation means that potential customers outside these areas cannot access their loan products and services.

Interest rates and fees. While specific rates are not detailed without selecting a state and going through the application process, it's common for loans like payday loans and short-term loans offered by MSBs to carry higher interest rates and fees compared to traditional bank loans. This can make them a more expensive option for borrowing.

Loan types and amounts. Moneytree offers a variety of loans, including payday loans, which are typically small, short-term loans designed to cover expenses until the next payday. The nature of these loans means they may not be suitable for individuals seeking larger amounts or longer repayment terms.

Regulatory restrictions. The types of loans offered and their terms, including maximum loan amounts and interest rates, may vary significantly by state due to different regulatory environments.

Potential for debt cycle. Like many short-term loan providers, there's a risk that customers may enter a cycle of debt if they're unable to repay their loan on time and choose to roll over the loan, incurring additional fees and interest.

Reliability

  1. Bank-level security. Moneytree uses bank-level security and encryption to protect customer information and transactions. All data is encrypted both in transit and at rest, and Moneytree undergoes regular third-party security audits.

  2. Reliability and uptime. Moneytree operates a redundant infrastructure with multiple data centers and real-time replication of data to ensure high availability and reliability.

  3. Proactive monitoring. Moneytree has a dedicated team of engineers who proactively monitor their systems and services to ensure uptime and performance.

  4. Customer support. Moneytree has a responsive customer support team that can assist with any technical issues or questions that customers may have.

How to Apply for a Moneytree?

Apply for a Loan

  1. Visit website. Navigate to Moneytree's official website. Select your state from the list provided on the homepage to ensure you're accessing the appropriate loan products and services available in your area.

  2. Select loans. Click on the "Loans" section from the main menu or the homepage to view the types of loan products offered.

  3. Choose the type of loan. Based on the loans available in your state (such as payday loans, installment loans, or signature loans), select the one that best suits your needs. Search and click on the "Apply" button associated with the specific loan type you're interested in.

  4. Complete the application form. Fill in the online application form with all the required information. This will likely include personal details, income information, and the amount you wish to borrow.

  5. Upload required documents. If the application process requires you to submit documentation (such as proof of income, identification, etc.), upload the necessary files as directed on the website.

  6. Submit your application. Review your application to ensure all the information is correct and complete, then submit it for review.

  7. Wait for loan verification. Once your loan application and documents have been submitted, wait for Moneytree to review and verify your information. This process is described as fast and convenient.

  8. Receive your funds. If approved, choose how you would like to receive your funds. Options may include instant funding to your debit card account, ACH bank deposit, or picking up the funds in a branch, where available. Note that instant funding may not be available for all debit cards and is subject to limitations.

Conditions and Requirements

Conditions

  1. Residency. You must reside in a state where Moneytree operates and offers the loan products (California, Colorado, Idaho, Nevada, or Washington).

  2. Age requirement. Applicants must typically be at least 18 years old to qualify for a loan.

  3. Loan purpose. Loans are intended for short-term financial needs and not as long-term financial solutions. Customers with credit difficulties should seek credit counseling.

  4. Interest rates. A payday loan in California costs $17.65 for every $100 borrowed. A 14-day loan of $100 would cost $117.65 in total repayments, resulting in an annual rate (APR) of 460.16 percent.

    Idaho: The cost of a $100 payday loan is $18.50. The APR (Annual Percentage Rate) for a $100 loan due in 14 days would be $118.50, or 482.32 percent.

    In Nevada, a $100 payday loan costs $16.50. An annual rate (APR) of 430.18 percent applies to a $100 loan that must be repaid in 14 days.

    The lender pays $15 for every $100 borrowed up to $500 in Washington and $10 for every $100 borrowed over $500. The APR for a $100 loan due in 14 days is 391.07 percent or $115 in total repayment.

  5. Payment terms. The repayment period and payment schedule will depend on the specific loan product chosen. Moneytree offers different repayment options, including one-time full payments and installment plans.

  6. Fees. Loans may come with various fees, including origination fees, late payment fees, and NSF (non-sufficient funds) fees. The specific fees applicable to your loan will be outlined in your loan agreement.

Requirements

  1. Valid identification. A government-issued ID to verify your identity and age.

  2. Proof of income. Documentation such as pay stubs or bank statements to prove you have a regular source of income.

  3. Bank account. A checking account in your name that the loan can be deposited into and repayment can be withdrawn from.

  4. Contact information. Valid contact details including an email address and telephone number.

  5. Credit check. For some loan types, Moneytree may perform a credit check to assess your loan eligibility and terms.

Ways to Receive the Money

At Moneytree, there are several convenient ways to receive your funds. Options include instant funding to your debit card account, ACH bank deposit, or pick up in a branch (where available). It's important to note that instant funding may not be available for all debit cards and is subject to limitations. Additionally, there may be some restrictions that apply, and processing times can vary. While in most instances funds are transferred in approximately 30-45 minutes, it's possible for the process to take longer. Please be aware that Moneytree is not responsible for any delays or errors caused by banks, processors, or other third parties.

Products

  • Payday loans. Payday loans are short-term financial solutions designed to cover immediate cash needs until your next payday. They are typically easy to qualify for and can provide quick access to funds, making them a convenient option for unexpected expenses or emergencies.

  • Installment loans. Installment loans offer a larger amount of money than payday loans, with the convenience of repaying over a set period of time through multiple payments. This type of loan is suitable for those who need more significant funds and prefer a structured repayment schedule.

  • Title loans. Title loans allow borrowers to use their vehicle title as collateral for a loan. The amount you can borrow typically depends on the value of your vehicle. These loans are aimed at individuals who need larger loan amounts and are willing to secure the loan with their vehicle.

  • Auto equity loans. Auto equity loans are similar to title loans but are based on the equity you have in your vehicle rather than the vehicle's full value. Borrowers can access funds while still using their car.

  • Signature loans. Signature loans, also known as unsecured personal loans, do not require collateral. Approval for this type of loan is typically based on your credit history and income. Signature loans can offer flexibility in loan amounts and repayment terms, making them a versatile option for various financial needs.

Other Loans

Reasons for Loan Refusal

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Reasons for loan refusal from financial institutions like Moneytree may include insufficient income or unstable employment history, which could affect the applicant's ability to repay the loan. Other potential reasons could be a poor credit history, not meeting the minimum age requirement or residency criteria, or failing to provide the necessary documentation or information required for the loan application. It's important for applicants to ensure that they meet all the specified criteria and provide accurate and complete information during the application process to increase their chances of approval. For detailed reasons related to a specific case, Moneytree encourages applicants to contact them directly.

How to Repay a Moneytree?

Repay

Repaying a loan from Moneytree is designed to be a straightforward and convenient process, tailored to the customer's preferences and the specific terms of their loan agreement. Typical options for repaying loans at Moneytree may include automatic withdrawals from the borrower's bank account, direct deposits, or in-person payments at a Moneytree branch. The repayment schedule and methods are outlined in the loan agreement, including any options for early repayment or what to do in case of potential late payments. Customers are encouraged to set up an online account with Moneytree for easy management of their loan balance and to make payments online, offering a flexible and accessible way to manage and fulfill their repayment obligations. For specific details about repayment options and to ensure a smooth repayment process, borrowers should refer to their loan agreement or contact Moneytree directly.

Loans like Moneytree

CashNetUSA

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CashNetUSA has been a trusted source for swift financial assistance during emergencies since 2004. If you need a $500 – $1,000 online loan, look no further, as CashNetUSA may have the solution you seek. Their fast funding options enable them to address unexpected expenses that require immediate attention. Whether it's a medical emergency, car repair, or any unforeseen financial setback, CashNetUSA is dedicated to providing timely support.CashNetUSA

Speedy Cash

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Speedy Cash is a prominent financial institution catering to the urgent financial needs of residents in 27 states. With a diverse array of services, the company specializes in offering payday loans alongside various other types of loans. Whether customers require a small sum of $50 or seek more significant assistance with larger expenses, Speedy Cash is ready to address their financial requirements promptly with up to $1,500 payday loans. One of the key advantages of Speedy Cash is its remarkably swift turnaround time, with loan applications being processed and approved within just one day, ensuring that individuals can access the funds they need without unnecessary delays.Speedy Cash

Cash Store

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At the Cash Store, customers can now access installment loans up to $3000, providing them with a practical solution for financial needs. With a fixed APR personal loan product that spans from 390% APR up to 780% APR, individuals can secure the funds they require while knowing exactly what to expect in terms of interest rates. The rates may vary depending on the state, ensuring customers are presented with options tailored to their specific location.Cash Store

Ace Cash Express

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Ace Cash Express is a reputable financial services company that provides installment loans in several states, catering to individuals facing emergencies or unforeseen expenses. In Delaware, borrowers can access up to $2,000; in Florida, Missouri, and Texas, loan amounts range from $100 to $2,000. This flexible loan offering ensures that customers can obtain the necessary funds swiftly and conveniently. Whether it's a medical emergency, urgent car repairs, or any unexpected financial burden, Ace Cash Express aims to offer a reliable solution to its clients in times of need.Ace Cash Express

Check Into Cash

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Check Into Cash is a reputable financial service provider that offers Installment Loans. These loans allow individuals to borrow a certain amount of money, typically ranging from $50 to $5,000, depending on the laws of their state. The maximum loan amount varies from one state to another, ensuring compliance with local regulations. With Check Into Cash, borrowers can access the funds they need to cover unexpected expenses or manage financial challenges.Check Into Cash

Approved Cash

Apply For a Loan

Approved Cash is a trusted financial institution specializing in offering payday loans and cash advance services, catering to individuals needing immediate financial assistance. Whether you're facing unexpected expenses or find yourself short on funds, Approved Cash is here to provide the solution you need today. Applying for their loans is straightforward, ensuring quick access to the required funds.Approved Cash

Editorial Opinion

Moneytree stands out as a dependable Money Services Business (MSB), offering hassle-free loan solutions to those in need of prompt financial aid. With a commitment to providing swift and straightforward access to funds, Moneytree operates across various U.S. states, including California, Colorado, Idaho, Nevada, and Washington, ensuring widespread accessibility to their services. Their loan offerings, including installment loans, payday loans, and signature loans, cater to diverse financial needs and are tailored to comply with state-specific regulations. The application process is designed for simplicity, allowing customers to apply online securely and swiftly, with options for instant funding to debit cards, ACH bank deposits, or branch pickups where available. Moneytree's dedication to providing immediate financial assistance underscores its reliability and commitment to customer satisfaction.

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.

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.

Additional Resources

Sources

FAQ

How Do you Qualify For a Moneytree Loan?

You must meet several basic eligibility criteria to qualify for a Moneytree loan. First, you must be at least 18 years of age and have a valid ID. You must also have a steady source of income, such as employment, government benefits, or a pension. Additionally, you must have an active checking account and a valid phone number and email address.

The specific requirements for a Moneytree loan may vary depending on the type of loan you are applying for and the state where you reside. In general, Moneytree offers short-term loans that are designed to provide customers with a quick source of cash to cover unexpected expenses. However, these loans typically have higher interest rates and fees than traditional bank loans, so it's important to carefully consider your options and read the terms and conditions before applying for a Moneytree loan.

How Much Can You Borrow From Moneytree?

The amount you can borrow from Moneytree depends on the type of loan you are applying for, as well as your creditworthiness and other eligibility factors. In general, Moneytree offers short-term loans that are designed to provide customers with a quick source of cash to cover unexpected expenses, and the loan amounts are typically smaller than traditional bank loans.

For example, in Washington state, where Moneytree is headquartered, payday loans are limited to $700 or 30% of your gross monthly income, whichever is less. In California, payday loans are limited to $300. Other types of loans, such as installment loans or title loans, may have different limits and requirements.

It's important to carefully consider your financial situation and borrowing needs before applying for a Moneytree loan and to carefully read the terms and conditions to understand the interest rates, fees, and repayment terms associated with the loan. 

Does Moneytree Approve Everyone?

No, Moneytree does not approve everyone who applies for a loan or other financial product. Like all lenders, Moneytree has specific eligibility requirements that must be met in order to qualify for a loan or other financial product.

To qualify for a Moneytree loan, for example, you must meet certain basic eligibility criteria, such as being at least 18 years of age, having a valid ID, and having a steady source of income. You must also have an active checking account, a valid phone number, and an email address. In addition to these basic requirements, Moneytree may also consider other factors such as your credit history, employment status, and other financial obligations.

It's also worth noting that Moneytree operates in several states, and the specific eligibility requirements and loan terms may vary depending on the state where you reside. Suppose you're interested in applying for a Moneytree loan or other financial product. In that case, it's best to carefully review the eligibility criteria and loan terms to determine if you meet the requirements and can afford the loan.

Is Moneytree a Legitimate Company?

Yes, Moneytree is a legitimate financial services company that has been in business for over 35 years. Moneytree is headquartered in Seattle, Washington, and operates in several states across the US, including California, Idaho, Colorado, and Nevada.

Moneytree is licensed and regulated by the states where it operates and follows strict guidelines and regulations to ensure its services are safe, reliable, and compliant with all applicable laws and regulations. Moneytree also has a strong reputation in the industry and among its customers and has received positive reviews and feedback for its financial management app and other products.

That being said, it's always important to carefully research any company before doing business with them and to read the terms and conditions carefully to ensure that you understand the costs, fees, and other requirements associated with the company's services.

Is Moneytree a good lender?

Whether or not Moneytree is a good lender depends on your specific financial situation, borrowing needs, and ability to repay any loans you take out. Moneytree offers a range of financial products, including short-term loans, installment loans, and title loans, which may be suitable for certain individuals in certain circumstances.

One potential advantage of Moneytree is that it offers quick access to cash, which can be useful for covering unexpected expenses or emergencies. However, the interest rates and fees associated with Moneytree loans can be relatively high, which means that these loans may not be a good option for everyone. Additionally, if you are unable to repay your loan on time, you may incur additional fees and interest charges, which can make the loan more expensive over time.

If you are considering a Moneytree loan, it's important to review the terms and conditions of the loan carefully and to make sure that you understand the costs, fees, and repayment terms associated with the loan. It's also a good idea to compare multiple lenders and loan options to find the one that best suits your needs and financial situation.

What is Moneytree?

Moneytree, Inc. has branches in Washington, Colorado, Idaho, Nevada, and British Columbia. The company offers payday, installment, prepaid debit, bill payment, Western Union, auto equity, and title loans. 

Company documents

Privacy Policy
Terms of use

At Moneytree, our Mission is to be the best provider of financial services by exceeding our customers' expectations, creating a professional work environment and making a positive impact on the communities in which we live and work.

© Moneytree
Financial products
Moneytree
Installment Loan
Rating by Finanso®
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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-$1,000
Rate
i

Effective interest rate on the product

up to 482.32%
Term
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Loan term for the financial product

up to 6 months
Apply
Moneytree
Payday loan
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.

3.138
(13 Ratings)
Recommended FinScore™
0
300
650
1000
$100-$500
Rate
i

Effective interest rate on the product

up to 482.32%
Term
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Loan term for the financial product

up to 14 days
Moneytree
Title Loans
Rating by Finanso®
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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
up to $25,000
Rate
i

Effective interest rate on the product

up to 304.17%
Term
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Loan term for the financial product

up to 12 months
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Moneytree
Business loans
Rating by Finanso®
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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-$1,000
Rate
i

Effective interest rate on the product

up to 212.92%
Term
i

Loan term for the financial product

up to 30 days
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100.00 – 20000.00 $
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Effective interest rate on the product

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300
650
1000
$500-$10,000
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Effective interest rate on the product

up to 1.09% per day
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up to 72 months
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300
650
1000
$100-$10,000
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Effective interest rate on the product

up to 372 %
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Calculate loan payments in Moneytree

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Moneytree calculator
Interest rates are given in accordance with the rates of the Moneytree of 27.05.2024
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All Moneytree’s reviews by may 2024
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4.6
Advantages
As a regular customer of Moneytree, there have been instances where I encountered difficulties in meeting my repayment deadlines. I am grateful for their consistent willingness to help me adapt to my changing circumstances.
Complain
4.6
Advantages
I've been a frequent customer of Moneytree, and there have been occasions when I struggled to make timely repayments. However, Moneytree has consistently demonstrated remarkable flexibility and understanding, always willing to accommodate my circumstances. Their willingness to work with me in challenging times sets them apart from others. A heartfelt thank you to Moneytree and their exceptional team for their support.
Complain
2.4
Disadvantages
I successfully paid off a loan with Moneytree, but a week later, they sent an electronic check to our closed account, resulting in the payment being returned due to insufficient funds. They repeated this process three times without our consent. When I contacted Moneytree to rectify the situation, I was shocked to learn that they were still charging late payment fees to the closed account and were unwilling to correct their mistake. These erroneous charges further overdrew our account. To make matters worse, the supervisor I spoke with displayed extreme rudeness when we requested a resolution.
Moneytree's stance is that I am responsible for having funds in the bank, despite the fact that the account for the loan had been paid off earlier. Sadly, Moneytree appears to be one of those "Quick Loan" companies engaging in unethical business practices. I would strongly discourage anyone, even my worst enemy, from considering their services. For those interested, I recommend researching a lawsuit filed against Moneytree and its executives by creditors. It will shed light on their questionable practices. Unfortunately, this platform does not allow for a negative rating, but it's important to share this experience.
Complain
5
Advantages
Moneytree is the epitome of professionalism, consistently courteous, and an absolute delight to work with. If you're in need of a short-term loan, Money Tree is an excellent choice.
Complain
1.2
Disadvantages
Their customer service is incredibly poor. I was assured that they would review the incident on camera and follow up with me, but I have yet to receive any communication from them. Not only did I not receive an apology, but I also found their customer service to be rude, unprofessional, and disrespectful. It seems like this company needs to be reported to the Better Business Bureau (BBB) and other relevant agencies, as they have failed to address these issues adequately.
Complain
2
Disadvantages
I've been a customer of Money Tree for several years, and this year, as they typically do, they requested proof of income. In response, I provided my recent tax return and a current bank statement that clearly displayed my direct deposits. However, they claimed that this documentation was insufficient as proof of income.
Complain
1.8
Disadvantages
My experience was extremely frustrating. I provided them with my tax return, bank statement, and a transaction report from my Square merchant account, clearly demonstrating my self-employed income received via direct deposits. Despite the presence of transaction IDs that could be easily verified, they denied my application simply because my bank statements didn't explicitly mention "Square." It felt like a complete waste of time.
Complain
2.2
Disadvantages
I spent three days on the phone with customer service trying to send the necessary documents for my loan application. Each representative I spoke to either claimed they had no record of my documents or requested additional information. After three days of persistent calls, emails, and faxes, they only approved $200, even though my initial request was for $1,000. This place is incredibly frustrating and a complete waste of time.
Complain
5
Advantages
Moneytree came through for me when I required a speedy loan. Repaying it was straightforward, and the interest rate turned out to be more reasonable than I initially anticipated. Their customer service was excellent, and I wouldn't hesitate to use their services again.
Complain
1.8
Disadvantages
I obtained a payday loan from Moneytree that was due three days before my actual payday. It's worth reiterating that Moneytree's practice of setting due dates so close to your payday is highly questionable. Their underwriting process appears either indifferent or ineffective, which raises ethical concerns, if not potential legal issues. Charging interest rates ranging from 430% to 573% is already exorbitant, and it seems they may prefer borrowers to default, allowing them to sell the loan to collection agencies.
Furthermore, Moneytree payday loans rarely contribute to building your credit score. Moneytree doesn't report to credit bureaus, preventing you from establishing the credit history needed for more affordable loans. To break free from the cycle of payday lending, it's essential to work on improving your credit and steer clear of predatory lenders.
Complain
aggregation.company.allReviews
Overall company rating
3.1
/ 5
13 reviews
Execution of an application
3.3
Support service
3.2
Mobile app
3.0
Service quality
2.9
Your satisfaction level
3.3
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