Money Mutual

May 6th, 2012 by revadmin

Money mutual has performed extensive advertsing with Montel Williams as spokesperson.  What most people don’t realize is they only operate as a lead generator for many other lenders.  They have extensive relationships with many top lenders, so it is highly likely that an application will be accepted.

As a lead provider, it is impossible to know in advance the rate that a consumer will pay.  Many lenders Money Mutual uses operate outside of state regulation.  While they may be able to loan more than a regulated lender, they are also able to charge more than any state rate limits.  In addition there is only limited consumer protection.  It is possible to be matched to an automatically renewing loan or receive questionable collection tactics.

The advantage of working with one of the largest lead networks is real, but don’t think that Montel is there to protect you.  Money Mutual is still an excellent way of finding a lender if you need more than your state typically allows and are willing to live with the potential expense.

 

Money Mutual2revadmin2012-05-06 23:41:39Money mutual has performed extensive advertsing with Montel Williams as spokesperson.  What most people don’t realize is they only operate as a lead …
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