MoneyKey Loans Review- Legit Or Scam? Find Out in 2022
MoneyKey points out that the short-term installment loans it offers are “an expensive form of credit” and not intended to address long-term financial goals.
Is borrowing money from MoneyKey a good idea or a bad idea?
This lender offers installment loans at very high-interest rates.
If you take out a short-term, high-cost installment loan, you can pay your monthly bills on time.
How can personal loans with MoneyKey be used?
MoneyKey personal loans can be used for financial emergencies like job loss, medical expenses, or car repairs. They range in terms from $150 to $3500. These loans are good for fast cash but not for consolidating debt or financing investments.
Lenders stress that personal loans should only be used for temporary financial emergencies. They also advise that borrowers use the funds responsibly.
How do MoneyKey Personal Loans work?
In minutes, you can apply online for a MoneyKey personal loan. Call customer service or fill out the online application. MoneyKey will then review your credit and financial history.
MoneyKey will usually deposit funds into your account within 24hrs of approval for a loan.
- Medical bills covered.
- Unexpected home or auto repairs.
- Small emergency expenses not exceeding $3,500
Borrowers cannot use loans for:
- Finance illegal activity
- Purchase drugs.
- Purchase firearms
- Credit card debts can be combined and paid off over time.
What terms, conditions, and fees are MoneyKey Loans?
Rates on MoneyKey loans can vary from one state to the next. Idaho residents pay 505% APRs, and their payment schedules will determine exactly how much.
There are different terms for repayment. Idaho residents can borrow as much as ten months. You have the option of paying weekly, biweekly, or semi-monthly.
What are your eligibility requirements for a MoneyKey Personal Loan?
You must be at least 18 years old to be eligible for a MoneyKey personal loan. MoneyKey will verify that you have a valid bank account, a consistent income source, and a telephone number.
MoneyKey does not require minimum credit scores to get personal loans. However, credit scores are more important for small installment loans and payday loans.
What credit score are you looking for?
A MoneyKey loan is available to those with a regular income stream, a bank account, and valid contact information.
Where is MoneyKey located?
MoneyKey is part of the CC Flow division of Capital Community Bank in Provo, Utah. Although it offers products in 16 states, not all are available worldwide.
Check out the service map to see if you’re eligible for a personal loan from MoneyKey.
MoneyKey provides good customer service
MoneyKey has not been rated or accredited by the Better Business Bureau. Trustpilot rates MoneyKey as 4.6 stars
How do you contact MoneyKey’s customer support?
MoneyKey offers customer service via chat, email, and phone.
Telephone: Call (866255-1668) between 9 a.m. to 9 p.m. Eastern Standard Time Monday to Friday, 10 – 6 p.m. Saturday, and 11 – 7 p.m. Sunday.
Email: Send messages to [email protected]
Chat online: You can ask questions Monday through Friday between 11.00 and 7.00 Eastern Standard Time using the MoneyKey chat function.
What are MoneyKey’s online features and benefits?
Apply for personal loans using the MoneyKey app. View documents, request additional loans, and track your loan status.
MoneyKey lets you manage your loan application online.