MoneyMan Microfinance
A Mixed Bag with Some Unexpected Surprises
summarizeEditor's Summary
I've got mixed feelings about this microfinance organization. On the one hand, they're super fast - the money shows up on your card in under 5 minutes, which is a huge time-saver. They also helped me rebuild my credit history, which was a huge relief. But there are some downsides to consider. The interest rates are pretty steep, and there's a fee for paying back the loan with a bank card. If you're late on a payment, they'll automatically deduct the money from your card, which can be a real hassle. And be prepared for some aggressive calls from their collectors. Still, it's a decent option if you need cash quickly, but you need to be aware of the potential pitfalls.
settingsSpecifications
live_helpFeatured FAQ
How long does it take to receive the cash after applying for a loan?
The money shows up on your card in under 5 minutes, which is a huge time-saver. Just make sure you have a separate card just for this purpose, and transfer the funds to another card after you get the cash.
Can I extend my loan if I need more time?
Yes, they offer the possibility to extend your loan, which can be a lifesaver if you need more time. Just be aware that there may be additional fees associated with extending your loan.
How do I manage my loan using their app?
Their app is user-friendly and makes it easy to manage your loan. You can view your balance, make payments, and even extend your loan if needed.
What happens if I'm late on a payment?
If you're late on a payment, they'll automatically deduct the money from your card, which can be a real hassle. Make sure to pay your loan on time to avoid any issues.
Can I opt out of extra insurance and services?
Yes, you can opt out of extra insurance and services. Just be aware that you may need to cancel them separately if you accidentally sign up for them.
How do I contact their customer support?
Their customer support is available to help with any issues you might have. You can reach out to them through their app, phone, or email.
What happens if I receive unwanted calls from their collectors?
The calls from their collectors can be pretty aggressive, so be prepared for that. If you're experiencing harassment, you can reach out to their customer support to report the issue.
Can I pay back my loan early?
Yes, you can pay back your loan early. Just be aware that you may need to pay a fee for prepaying your loan.
How do I cancel my loan?
To cancel your loan, you'll need to reach out to their customer support and request cancellation. Make sure to have your loan details ready to avoid any issues.
check_circlePros
- •The money arrives on your card in under 5 minutes, which is a huge time-saver.
- •They offer the possibility to extend your loan, which can be a lifesaver if you need more time.
- •Their app is user-friendly and makes it easy to manage your loan.
- •I received the cash I needed quickly, which was a huge relief.
- •Their customer support is available to help with any issues you might have.
- •The interest rates are pretty steep, so be prepared to pay more than you expected.
cancelCons
- •There's a fee for paying back the loan with a bank card, which can add up quickly.
- •If you're late on a payment, they'll automatically deduct the money from your card, which can be a real hassle.
- •They'll try to sell you on extra insurance and services, which can be a costly mistake.
- •The calls from their collectors can be pretty aggressive, so be prepared for that.
- •The interest rates are pretty steep, so be prepared to pay more than you expected.
