MoneyKey is an online direct lender and credit services provider, providing short-term unsecured installment loans and lines of credit to borrowers with less-than-perfect credit. Ideal for emergencies and/or unexpected expenses, applying is quick and easy and borrowers may receive funds as soon as the same business day. And if you have any questions along the way, a MoneyKey representative will be happy to help you.
It is important to note that MoneyKey provides short-term installment loans, similar to what is offered with a payday loan, but your loan term can range from 6 to 18 months. In addition, rates may be higher than you might see with other lenders who offer much longer loan terms up to multiple years.
MoneyKey also offers lines of credit, which are open-ended loans, allowing you to withdraw money at any time so long as you have available credit and your account is in good standing.
Continue reading for a complete review of this lender.
Loans through MoneyKey are available to borrowers with bad credit and even no credit. No minimum credit score requirement is disclosed on the MoneyKey website, but you must meet the following criteria to qualify:
The MoneyKey loan application can be filled out and submitted online, making it a convenient and efficient process. But, if you happen to have questions while completing your application, you can call MoneyKey and speak to a representative that can assist you. If approved for a loan through MoneyKey, you can receive your money as early as the same business day.
Thus if you are looking for some extra cash for an emergency or unexpected expense that has come up, MoneyKey could be a good option for you.
MoneyKey offers installment loans of $150 to $3,500. Since MoneyKey offers short-term loans, it is expected that you will pay your loan back quickly, which is reflected in the amounts that are offered.
In addition to installment loans, lines of credit are also offered through MoneyKey.
A Line of Credit is a borrowing option that gives you access to any amount of funds up to your credit limit. It is a revolving loan that, unlike a traditional payday or installment loan, remains active even after you have paid it down to a zero balance. This means that when you pay off your balance, you don’t have to submit a new application to receive funds again. Instead, you can continue to withdraw money up to your available credit limit.
To apply for a line of credit you will complete an online application, choose your credit limit (from $200 to $2,000), and then if approved you can begin withdrawing money as needed. MoneyKey line of credit approval is fast and you can close your account at any time, as long as you have repaid any outstanding balance.
Installment loans and lines of credit through MoneyKey are not available nationwide. To be eligible to apply for an installment loan you must live in one of the following states:
To be eligible to apply for a line of credit through MoneyKey, you must live in one of the following states:
No credit products offered through MoneyKey have rates that would meet the requirements applicable to lending to covered members of the US Armed Forces and their dependents.