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Montell Williams, who is the host of “The Montell Williams”, is also a spokesperson for Money Mutual. This is a website that claims to help you find a short-term cash loan. NerdWallet has investigated the claims made by Money Mutual.

Do not Sign up for a Money Mutual Loan

You need some quick cash, so you turn to Money Mutual. You submit your social security numbers and driver’s license. You see Montell Williams’s face after you press the submit button. Your information will automatically be sent to multiple lenders when you press the submit button. These lenders will immediately start emailing you and calling you.

One user said that she received over 400 calls saying that she had been pre-approved for a loan. This may sound good because you have a number of options to choose from. However, all this website does is point you to payday lenders. Many people are charged membership fees. In many cases, people are not given an explanation for the fees.


Ideally, you should have an emergency fund for unexpected expenses. However, there are better alternatives if you need a loan. If you have fair credit, then you have better options than a payday loan. You can get a loan from a peer-to-peer lender, such as the Lending Club or Prosper.

You will be able to get a better interest rate if you get a loan from a peer-to-peer lender. You will also have more time to pay off your loan. Instead of having to pay the loan back at one time, you will be able to pay it off over the course of several weeks.

Tips for Getting Approved for a Peer-to-Peer Loan

When you get a loan from Lending Club or Prosper, you are asking people to give you their hard-earned money. The more information you provide, the more likely you will be to get approved. What if you have bad credit and cannot get a loan from a peer-to-peer lender? You will have to get creative if you are in this type of situation.

Do not take out a loan for something that you do not need. You may want to borrow money from a friend or family member. You can also get a credit card cash advance. The interest rates on credit card cash advances are high, but they are lower than the interest rates on payday loans.

Try to do everything that you can to avoid getting in this type of situation again. You will not have to worry about predatory lenders taking advantage of you.