MoneyKey Personal Loans: 2022 Review, Pricing

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Today’s Personal Loan Rates

MoneyKey Personal Loans

MoneyKey Personal Loans MoneyKey

expenses

You must apply for a loan to get the fee disclosure

April

Up to 306.00% (prices vary by state)

MoneyKey Personal Loans MoneyKey

expenses

You must apply for a loan to get the fee disclosure

April

Up to 306.00% (prices vary by state)

April

Up to 306.00% (prices vary by state)

expenses

You must apply for a loan to get the fee disclosure

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You can only get a MoneyKey installment loan in Delaware, Idaho, Mississippi, Missouri, Texas, Utah and Wisconsin. MoneyKey used to offer installment loans in Illinois and New Mexico, but it no longer offers new loans in those states. The company offers lines of credit in other states, but not installment loans.

While the loan terms are generally the same, depending on which state you live in, your loan terms will vary:

Pros and Cons of Personal MoneyKey Loans

Who is the best MoneyKey app?

MoneyKey is best for borrowers who need money quickly and cannot qualify for a personal loan elsewhere. If you are only looking for a small amount of money, a lender may also be a good option.

To be clear, MoneyKey charges exorbitant interest rates that will add hundreds of dollars to the cost of your loan. Use extreme caution if you borrow from the company. Their rates are relatively comparable to payday loans. according to Consumer Finance Protection OfficeA typical two-week payday loan with a fee of $15 per $100 equates to an annual interest rate of approximately 400%.

How Personal MoneyKey Loans Compare

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Editor’s Rating

2.5 / 5

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normal april

Up to 306.00% (prices vary by state)

Editor’s Rating

2/5

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35.99% to 211% APR, depending on your state

Editor’s Rating

2.5 / 5

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MoneyKey, Fig Loans, and OppLoans are slightly lower-cost alternatives to payday loans, many of which have an interest rate of around 400%. However, you will still pay a much higher interest rate with these three than you would with a traditional personal loan lender.

loans Durations range from nine months to 24 months, depending on which state you live in. Figs It has lengths ranging from one to six months, depending on where you live. The MoneyKey service life is either six or 12 months, depending on where you live.

None of the three companies have a minimum credit score to qualify, so it can be a good option for borrowers who have been turned down by other companies because of a bad credit history.

Frequently Asked Questions

MoneyKey contains a file B تصنيف rating From the Better Business Bureau, a non-profit organization focused on consumer protection and trust. The BBB cites 54 complaints against the company as the reason for its rating. The BBB evaluates companies by considering responses to customer complaints, honesty in advertising, and transparency about business practices.

The company has not been involved in any recent disputes. Between its clean history and strong BBB rating, you may feel comfortable borrowing from a lender. However, a good BBB rating does not guarantee a good experience with the company. Talk to others who have used MoneyKey before you decide to go with a lender.

Yes, MoneyKey is a legitimate company that was founded in 2011 and is headquartered in Delaware. It offers installment loans and lines of credit to borrowers in seven states.

When you apply for a MoneyKey loan, the company will perform a soft credit check, which will allow them to know your credit history but will not affect your credit score. There is no difficult inquiry (the kind of credit pull that can lower your score) at any stage of the loan process.

The company will not report your loan to the credit bureau as long as it is in good standing and you pay on time. The only time MoneyKey reports to the credit bureau is if you default on your loan.

Depending on where you live, one of the many lenders may create your application. This includes CC Flow, a division of Capital Community Bank (CCBank), a Utah chartered bank, located in Provo, Utah, an FDIC member.

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