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MoneyKey

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6.6

Overall Score

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LAST UPDATED: October 24th, 2023

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, so long as you have available credit and your account is in good standing.

Continue reading for a complete review of this lender.

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The Good

  • Low-Credit Lending
  • Quick Application and Approval
  • Loan Amounts
  • Lines of Credit Available

Low-Credit Lending

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:

  • Be of legal age to contract in your state
  • Be a U.S. citizen or permanent resident
  • Be a resident of a state where loans through MoneyKey are offered
  • Have an active bank account
  • Have a verified source of income
  • Have a valid phone number and email address

Quick Application and Approval

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.

Loan Amounts

MoneyKey offers installment loans of $200 to $2,500. 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.

Lines of Credit Available

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 funds up to your credit limit. It is a revolving loan that, unlike a traditional payday or installment loan, generally remains active even after you have paid it down to a zero balance. This means that as you pay down your balance, 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 $2,500), 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.

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The Bad

  • Limited State Availability
  • No Loans Available to Military Personnel

Limited State Availability

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:

  • Delaware
  • Idaho
  • Mississippi
  • Missouri
  • Texas
  • Utah
  • Wisconsin

To be eligible to apply for a line of credit through MoneyKey, you must live in one of the following states:

  • Kansas
  • Tennessee

No Loans Available to Military Personnel

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.

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The Bottom Line

An installment loan through MoneyKey is a great option for emergencies or unexpected expenses, offering smaller loan amounts as early as the same business day. Available loan terms are shorter than you will find with many other traditional lenders, and MoneyKey does encourage customers to repay their loan as early as possible to reduce the total cost.

If you would prefer an alternative borrowing method to an installment loan, MoneyKey also offers lines of credit. However, it is important to note that both installment loans and lines of credit offered through MoneyKey are only available in a handful of specific states.

We would recommend that you carefully assess your borrowing needs and other loan provider services before making a decision, but if you are in need of a smaller amount of money that you can pay back quickly, MoneyKey could be a good option for you.

There are currently no MoneyKey reviews. If you have borrowed from this company, in either the form of an installment loan or a line of credit, please let us know about your experience by leaving a review.

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Star Rating

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4.3

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149 Reviews

Review Breakdown

5 grade

73%

4 grade

14%

3 grade

5%

2 grade

5%

1 grade

3%

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Dwane Jal, NM

We have sent numerous emails and not one has been replied to. It's like well we have their signatures so we do not have to be bothered any longer. Before that people were answering left and right.

1 year ago

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Reply from MoneyKey

Hi Dwane, we’re sorry to hear about your experience and would like the chance to properly assist you. To address your specific concerns, please give us a call at 1-800-766-2007/1-866-255-1668 or email us at [email protected]. Thank you.

May. 27th, 2022

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Edna F King Lancaster, TX

The interest rate is rather high but when the need is there so I smokey key service is good and response time is great

1 year ago

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Reply from MoneyKey

We appreciate the great review, Edna! We’re here 7 days a week if you ever need any assistance.

Aug. 18th, 2022

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Bennie Grandview, MO

MoneyKey really helped me get through this months bills. Lost of job put me in a panic but you guys had my back!

1 year ago

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Reply from MoneyKey

We appreciate the great review, Bennie! We’re here 7 days a week if you ever need any assistance.

Jun. 2nd, 2022

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Alfred Dillard Saint Louis, MO

Process easy and they not only are friendly but easy to work with.

1 year ago

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Reply from MoneyKey

We appreciate the great review, Alfred!

Jun. 14th, 2022

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Nina Johnson-Wright Clayton, DE

Good experience with my loan. Always alerted me when payment would be due.

1 year ago

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Reply from MoneyKey

Thanks for the awesome review, Nina! We're here to help when you need us.

Jun. 2nd, 2022

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Frank Saenz El Paso, TX

The fees are super high, great service & professional customer service

1 year ago

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Reply from MoneyKey

Hey Frank, we appreciate your feedback and are pleased to know that you are satisfied with the service you received from our Customer Care team. We’re here 7 days a week if you ever need any assistance.

Apr. 22nd, 2022

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Melisa Gill Bryan, TX

Just very caring, professional employees explaining everything we need to know

2 years ago

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Reply from MoneyKey

Hey Melisa, we're happy to hear it and are pleased to know that you are satisfied with the service you received from our Customer Care team. We’re here 7 days a week if you ever need any assistance.

Mar. 31st, 2022

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Harry Bartee Kingsland, TX

Convenient and expensive but there when you need them

1 year ago

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Reply from MoneyKey

We appreciate the great review, Harry! We're here to help when you need us.

Dec. 2nd, 2022

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Lela morris Amery, WI

Thay gave me a loan when I couldn't get a loan from a bank.

1 year ago

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Reply from MoneyKey

Hey Lela, we appreciate your feedback and are pleased to know that you are satisfied with the service you received from our Customer Care team. We’re here 7 days a week if you ever need any assistance

Aug. 18th, 2022

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Kantrese Stewart Brenham, TX

Communication, problem solver, very helpful to customers

1 year ago

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Reply from MoneyKey

Thanks, Kantrese! We are pleased to know that you are satisfied with the service you received from our Customer Care team.

Jul. 28th, 2022

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Diane V Brown Grandview, MO

They were quick to loan me the money I needed

1 year ago

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Reply from MoneyKey

Thanks for the awesome review, Diane! We are pleased to know that you are satisfied with the service you received from our Customer Care/Service team.

Jun. 2nd, 2022

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Charlotte E Cardillo Saint Charles, MO

Quick and easy loans but interest is WAY too high.

1 year ago

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Reply from MoneyKey

Hey Charlotte, we appreciate your feedback and are pleased to know that you are satisfied with the service you received from our Customer Care team. We’re here 7 days a week if you ever need any assistance.

May. 19th, 2022

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Roberta Haynes Converse, TX

The appreciation process could be simpler.

1 year ago

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Reply from MoneyKey

Hi Roberta, your feedback is valued. We’re interested in hearing from you and addressing your specific concerns. Please send an email to [email protected] with your details so we may look into your experience and answer any questions that you might have. Thank you.

May. 13th, 2022

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Deborah J Jones Plano, TX

Quick and easy to use for returning customers.

1 year ago

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Reply from MoneyKey

Hey Deborah, we're happy to hear it and are pleased to know that you are satisfied with the service you received from our Customer Care team. We’re here 7 days a week if you ever need any assistance.

May. 13th, 2022

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Leslie Logan, UT

Fast and easy in a jam. It was there in an emegency

2 years ago

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Reply from MoneyKey

Thanks for the awesome review, Leslie! We're here to help when you need us.

Mar. 31st, 2022

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Jeanne M Clark Grandview, MO

Good customer service. Expedient delivery of the funds

2 years ago

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Reply from MoneyKey

Thanks, Jeanne! We are pleased to know that you are satisfied with the service you received from our Customer Care team.

Mar. 10th, 2022

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William Victoria, TX

Quick and easy, made the process really smooth and money was there the next day!

1 year ago

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Reply from MoneyKey

Hey William, we're happy to hear it and are pleased to know that you are satisfied with the service you received from our Customer Care team. We're here to help when you need us.

Mar. 15th, 2023

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Antonio Lawton, OK

Money key is an outstanding company but they hard to get help from them with the little staff they have

1 year ago

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Reply from MoneyKey

We appreciate the great review, Antonio! We're here to help when you need us.

Aug. 17th, 2022

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Auvale Siufanua

I like that Money Key always responded when I needed the money.

1 year ago

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Reply from MoneyKey

Hey Auvale, we're happy to hear it and are pleased to know that you are satisfied with the service you received from our Customer Care team.

Jan. 19th, 2023

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Ronnara Storr LA

Good customer service. The process for approval was easy. Only thing was high interest rates.

1 year ago Edited March 14, 2023

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Reply from MoneyKey

Hey Ronnara, we appreciate your feedback and are pleased to know that you are satisfied with the service you received from our Customer Care team. We’re here 7 days a week if you ever need any assistance.

Mar. 15th, 2023

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Carol

Fast and friendly service but CAB fees are excessive.

1 year ago

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Reply from MoneyKey

Thanks, Carol! We are pleased to know that you are satisfied with the service you received from our Customer Care team

Mar. 29th, 2023