MoneyMutual – Do they scam consumers?

Payday loan are prohibited in NC. Check the state laws here.

If you use the search box you can read loads on Zip19.com.

See, if you can reverse the transaction and end the relation with them.

Even if you're able to reverse the transaction and give them their money back, it would probably be a good idea to close out your account to prevent them (or any of their associates) from taking your money in the future. (see stickies on this site re. closing bank accounts). I'd never heard of any celebrity endorsing PDLs in any way; was it just his picture on the ad? If so, wonder if he actually is being paid to endorse the PDLs, or????

maybe it was someone who looked similar? i just cannot see anyone attaching their names to these things, really.

[FONT=Times New Roman][COLOR=black]It was a commercial ad on TV with Montel Williams saying "if you are between paydays and need a little extra cash for anything you can get up to $1000 and no credit rate is necessary". It's really him.[/COLOR]

[COLOR=black]I can't give the money back, because we already spent it on groceries and car gas. So we won't have it until next pay day. I did speak to our bank and they told me that I can't yell fraud until I have first tried to clear up any unauthorized transaction with the company, and then I can go to the bank.[/COLOR]
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I just found this web site about Montel Williams and the sponsor is MoneyMutual. http://www.imdb.com/name/nm0931354/bio

CLICK HERE to find out how to deal with illegal lenders.

Maybe those of us on this site should all submit complaints to Montel to let him know. I have seen the ad... and I was irritated by it knowing what has happened to me and was considering writing him a letter -- so maybe if someone knows of his website we could ALL complain that they are illegal etc.. and get the ad off the air

interesting. Just did a quick google search and right on the front of mutualmoney's web sight there is Montel Williams giving an endorsement. Really brings down my opinion of him. A lot of scam complaints are there against moneymutual. Montel is doing a lot of infomercials lately too, he must be hard pressed for money.

Well I considered the loan but wanted to see if there was any reviews. So far all I read was borrower A discovered that the company who financed the loan was not in the U.S, which is no suprise, the department in the bank I use to work for was off shored. That's not important though. I'm trying to figure out how Montel Williams is a criminal. What's the complaint about when nothing ever happened? One person panics and everyone else allows a false perception that something illegal has occured.

I don't care for any ads which use celebrities; I mean seriously; how much advice can Sally Field give me about osteoporosis, how much does Alex Trebec REALLY know about insurance? And there's no way William Shatner can possibly know about all of the various products and services HE endorses! I don't think necessarily Williams is a criminal; however, I DO think he or his associates should do some research on the companies they're endorsing. As to the PDL; as they are prohibited in North Carolina, if they were REALLY on the up-and-up, the minute they get an application from someone in North Carolina they should say "we're sorry, but we are not allowed to lend money to you." However, they don't do that! In fact, I've found out that PDL's are not legal in my State and on the PDl's home page they have so-called "customer endorsements," some of which are from people supposedly in my State! If someone in my State who's new to PDL's saw that, they might think that it IS ok to for that company to lend to them.

[QUOTE=NancyH;515061][FONT=Times New Roman][COLOR=black]It was a commercial ad on TV with Montel Williams saying "if you are between paydays and need a little extra cash for anything you can get up to $1000 and no credit rate is necessary". It's really him.[/COLOR]
[COLOR=black] [/COLOR]
[COLOR=black]I can't give the money back, because we already spent it on groceries and car gas. So we won't have it until next pay day. I did speak to our bank and they told me that I can't yell fraud until I have first tried to clear up any unauthorized transaction with the company, and then I can go to the bank.[/COLOR]
[/FONT][/QUOTE]


Oh Nancy, I am really worried about this situation. Either you are too impulsive or in really bad financial shape (maybe both). You gave these folks your personal information, and they seem to be domiciled offshore. How will they use this info? You already spent the money? $1,000 seems like a lot for groceries and gas. Please give us more details on your entire situation, debts, incomes, etc. I would strongly advise that your spending lines up with your income. Otherwise, the hole just gets deeper.

Bruce, she got $300, not $1000. $1000 was just the amount listed on the ad. $300 is just about right for a couple weeks worth of groceries and filling up a couple of vehicles.

Yeah, you're right sorry. I got confused. Here's hoping Nancy pulls through.

I too saw this ad the other day on TV. I was suprised because I live in PA. From what I read on here, PDLs are illegal in PA, NY and NJ. Which are the three tv networks we receive around my area. I'm not sure what station it was on though as I was in the kitchen and hear Montel promoting this and stuck my head in the living room to confirm. It's appalling.

i actually saw this commcerical yesterday! i could not believe it, i am sorry i doubted you :) it just seems so crazy that someone would put his reputation on the line to do this. i mean i'm not a fan or anything it is just so weird.

Quote:

I've seen the Montel commercial for MoneyMutual. What I want to know is the lender MoneyMutual or one of the other thousand companies that pop up as a search for the "right" company to lend to you? Is zip19.com a branch of MoneyMutual or a separate company?

well if you need cash fast and you dont have credit its a way out but again is it the fact you can repay it right away or will it just add to your debt that wont get paid and add to your demise. i tell you. the financial system is set up to work off the middle class working poor to what i call finacial slavery. ohh there are no whips. but again con sider in the 60s america was scared of comunist societys but what america has bec ome with greed is far worst. i say like obama has said its tim e to stop living off the backs of the poor.

the federal government doesn't seem to want to do anything about how the banks are taking more money from the taxpayer$$$$$$$$$$$$$$$ who lent them billions of $$$$$$$$$$$$$$$. Start lending money so we could pay off the debt plus buy things that households need in this 21st century which is fast changing the way we in America live day in day out.

Obama is trying his best but he can not do it on his own we need to get behind him and not the GOP who wants to give to the rich and not to the very poor or the elderly who are living on a fixed income and sometimes or most of the time now have to find a way to get more funds to pay off their monthly bills.

how many of you know kids who are going without heat because their parents can't afford to pay their bills and may have to live through another cold winter which is fast approaching.

Actually i think there may have been a mishap with the website that was use,
the one that relates to Montel Williams is MyMoneyMutualNow,com
his site only allowes up to $500.00 dollars so check this site out and see if its the same one you used. Hope that helps.;)

My dad just found out he's been having 99.95 taken out of hisaccount for a few months and is waiting for a heart transplant he doesn't know why this sounds like it could be the same thing he closed his account then the bank allowed 2 more withdrawls to be taken out he doesn't need this stress and I'm not entirely sure he actually did this he was in a medicallyinduced coma for about a month right around the time it wouldve been happening

The law differenciates between over the counter PDL and online PDL. Apparently the law has to clearly differentiate between consumers borrowing online or over the counter. Meanwhile the PDL companies arfe enjoying their work around!!!1 ONLINE PDL until the law catches up...right?:D

for $300.00, how do you have to pay them back?

Can someone tells me how much they charge for $300.00 loan?

lex money mutual is a paydayloan finder site.any loan you get will be illegal and will cause you more financial woes than you can imagine.don't do it!!!!!!!!!!!!!!

interest charge

I read this entire thread and don't understand what the actual complaint here is. The original poster stated he went to the website, applied, got matched with a lender and approved for $300, got the $300 and used it for his/her emergency situation. It sounds to me like they did exactly as the commercial and the MoneyMutual.com web site offers. What did I miss?

This sounds like a great service if you're seriously in a jam and have no other way to get the cash you need for things that just can't wait (i.e. food, etc).

I just seen the commercial on tv. I've seen it many times in the past also. But this time I actually went to the web site because I myself am in a bit of a jam right now. But before actually applying, I did a search for complaints about them, which brought me to this page.

What did they do wrong to the original poster besides lend him/her the money he/she applied for?

Money Mutual itself is not bad. They earn their money off advertisements and referring customers to direct lenders who pay money mutual. However those lenders broke the law by lending to someone in a state with illegal PDL, and they most likely sold the users info all over the Internet.

you two can get lost.for one tjis is a broker site for illegal ipdl's.none of the lenders are licensed/legal.btw it is up to the lender,and broker to know this,and they do.they just don't care.that was for the shill twoo posts above.now to the other.as stated before money mutual is just as guilty as the lenders for reasons stated above.montel williams got a loan with the proviso he endorses this crap,and it is crap.i won't let shills,and idiots say otherwise.

@paulmergel

My post was #28 and no shill. I was simply trying to do my homework by googling for complaints before I applied. That doesn't make me a shill. Pfft!

bringing up questions about the legality of this site,and wondering why people are complaining is enough for me shill.got a problem with it i don't care.

they ARE a scam! my husband borrowed 300 from them. EVERY 2 WEEKS they took 300 OUT of his bank! ALWAYS the day he got paid, they didn't stop until we closed the account, they took over 1200 from him!