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Personal Money Service

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LAST UPDATED: June 8th, 2021

Personal Money Service is an online loan marketplace that was founded in 2013 in San Bruno, California. The company assists borrowers with both bad and good credit to receive access to small business loans, merchant cash advances, and business lines of credit. Personal Money Service offers debt consolidation, mortgages, and various insurance options as well. Personal Money Services does not provide loans themselves, but matches qualified borrowers with customized loan options from third-party lenders.

Small business loans through Personal Money Service are best suited for those with bad credit who need money quickly to finance their business. There are no minimum credit score requirements. Unsecured loans are available without need for personal collateral or credit check, but borrowers will need to have high credit scores in order to be approved. Consumers that choose Personal Money should remember that they must have a credit score of 550 or higher.

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The Good

  • Small Business Loans
  • Types of Offered Loans
  • Educational Resources

Small Business Loans

Personal Money Service has some extremely advantageous Small Business Loans that promise:

  • Fixed interest rates
  • Approval within one day
  • Payments can be made weekly/monthly
  • No minimum credit score requirements
  • Access to funds in less than 24 hours

Types of Offered Loans

Personal Money Service offers short-term business loans up to $250,000 with terms between 4 and 24 months. Merchant Cash Advances are also available up to the same amount with a 4-18 month term. Borrowers can also receive business lines of credit up to $100,000 with six-month terms. Unsecured business loans are available without personal guarantee, but borrowers must have a high credit score to qualify. Otherwise, personal collateral is required for loan approval.

Educational Resources

Personal Money Service offers consumers educational articles and other financial resources on their website. Other than business loans, the company offers several other financial products as well that the consumer may be interested in. The company answers commonly asked questions on the website and consumers can contact the company directly by phone as needed.


The Bad

  • Undisclosed Fees
  • Longer Approval Process
  • Low Amounts of Capital

Undisclosed Fees

Personal Money Service does not disclose potential fees that third-party lenders may charge to borrowers. Origination fees, closing costs, and prepayment penalties vary widely from each lender. This lack of information can make it difficult to determine if the matching loan offers are the best available loan deals.

Longer Approval Process

With Personal Money Service, the time it takes to get approved for a loan is much longer than other financing options available online. Applications can take up to an hour to get approved and the service does not guarantee loan approval. Borrowers will also be expected to provide business collateral and show documentation to be approved.

Low Amounts of Capital

Business owners can only apply for up to $250k in loan funding, which may not be enough to cover potential business expenses for larger businesses. Similar online financing marketplaces offer up to $1 million loans and may be more suitable for companies in need of more working capital.


The Bottom Line

Personal Money Service is best suited for business owners with less than perfect credit who need money quickly to finance their business. The company offers low fixed rates and fund transfers within 24 hours. However, the amount of capital that can be applied for is less than what many competitors require, and the company does not disclose the fees that lenders typically charge. We do not feel comfortable recommending Personal Money Service at this time.

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15 Reviews

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Thank the service "Personal Money Service" for helping us with the realization of our dreams. We needed money to make a small film. We are ordinary students. Where can we find the money to rent equipment? And we did not want to shoot on a budget camera. We did not expect, that so many creditors will respond to our application. Therefore, we decided that it is better to buy a camera and a powerful computer for more professional work with video editing. We also bought licenses for a couple of video editing programs. After all, we are not going to stop at one project. We will return the money with scholarships because if the money will come in parts, we will not save up for the equipment. So in our case, the loan without additional conditions is the best way for our situation.

4 years ago

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Chris Black Seattle, WA

Even though they do not disclose fee, I still find their website quite handy in times of extreme emergency. I don't even know how can they do it when they have like so many lenders they work with. Besides, I think that fees will vary depending on the customers' credit situation and maybe some other factors. Nevertheless, it is not what I was going to say in the first place. My score is 10 simply because I've saved tons of time with them. I needed a personal loan. So, I put my information into the application form and got a confirmation letter within 20 minutes. Very convenient, I must say. So I guess I will also go there when I need a business loan

7 years ago

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Max Johnson New York, NY

Personal Money Service is one of the most trustworthy financial services on the Internet. I have been dealing with these guys since 2015 and have no doubts that this company really solves financial problems! One of the best sides for me is the fast delivery of finances. Furthermore, the lenders always offer the reasonable conditions, so, I managed to pass through the payment process without difficulties. I am a young businessman and the financial support of Personal Money Service! 10 is the ultimate rate!

7 years ago

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John Snow New York, NY

Sleepless night and worrying about money was finally over once I have found The Personal Money Service. It has become like a friends to me, because once you start communicating with a certain specialist in the clients service it's hard to let of him. I must praise the Service for being trustworthy and loyal and for helping me define who I am, because I managed to turn my hobby into small business when I have asked for a loan. The relationship with the Service was the best thing that ever happened to me, it gave me hope and security for my financial future.

7 years ago

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When I had a problem with my business and needed a business loan, Personal Money Service has helped me a lot! My credit score is not so good so I was afraid that my loan application will not be approved but the company provided me a business loan on very good terms! I'm very glad that I chose Personal Money Service. They provide an excellent service! It doesn't matter if you have financial emergency and need a small personal loan or if you need a business loan – this company will help you out. I've already recommended it to all my friends.

7 years ago

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Dotty Brook

I prefer services with experience. You know, there are so many fake pages, who would only send you ads and span, if not hack your card. I've heard of this service several times, they seem profs. I don't regret my choice since everything passed flawlessly.

2 years ago

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Valentina Morse Halenkove, 59

So far, the best I used it only one time but decided to share my impression. Fast, clear, with no queues and papers. In comparison to banks, Personal Money Service seems perfect to me. I would definitely come to them again if needed, especially for emergency loans - this one was very quick.

2 years ago

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Arnold Flores Trumbull, CT

I think people underestimate alternative lending services. This company has a great reputation and I have also become one of your fans. Yes, they don’t make any lending decisions. Yes, your loan request might be even rejected by the direct creditor. Yes, you can be offered higher rates depending on your credit history. But I wouldn’t change their speed and customer support for anything else.

2 years ago

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Robert Culbertson Dallas, TX

I have a less-than-stellar credit rating because I didn’t repay my previous debt on time. It was my fault, I know, but conventional banks rejected my applications or offered a secured loan. I don’t want to use my car as collateral so I only wanted to get an unsecured loan. This company appeared just in time. They accepted my loan request even with poor credit and one creditor offered me decent rates and terms. Thanks for your support!

2 years ago

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Lashanda New York, NY

“No inquiry,” they said... I’ve got a low credit score because of the overdue mortgage. That’s was the reason to apply here, personal money service promised quick approval and stuff. I waited two days and they finally sent me a lender. But the rates were extremely high, as they said, it’s all because of my low score. It may suit you if you’re ready to overpay, but not my variant at all. Still, they have a convenient site and friendly support. Nice guys, just not for my case.

2 years ago

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Ronald Fultz Oakland, CA

I like how it works. They’re kind of mediators between you and a huge number of lenders (for those who thought they lend money – no, they only find you a good option over the internet). I hated to google all these services and compare the prices. Getting into all this was very hard for me. Thanks this service, now I can trust the experts.

2 years ago

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James Carr Mykolayiv, 48

I applied for a loan here 2 months ago. Once I missed a loan payment and my credit was harmed. It became lower. I realize it is absolutely my mistake but it really hurts.

2 years ago

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Edward Anchorage, AK

Not my first time using their service but I decided to leave a comment this time. Guys work really quickly and never failed me. Thank u!

2 years ago

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Carrie Sanders London, ENG

Everything was nice, without any issues. Responsible support, fast inquiry. Totally recommend.

2 years ago Edited September 14, 2021

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Ruby Delong Atlanta, GA

Very happy, thank you! This service is very quick and useful.

2 years ago