Sunday, May 9th
2021 Personal Loan Provider Reviews
Better Loans Mutual
- Loan: From $100 to $5,000
Better Loans Mutual does not make personal loans directly. Rather, they connect borrowers with providers of loans. There are questions whether the company is still in business; however, their website remains functional and they continue outreach efforts by hone and email to try to acquire new customers.
Eligibiility requirements
Most of the lenders who partner with Better Loans Mutual require that you:
- Be employed (at least 90 days in your current position)
- Be at least 18 years old
- Be a US citizen or permanent resident
- Have a post-tax income of at least $1,000 per month
- Have a valid email address, home phone number, and work phone number
$5,000 max loan amount
The total amount of your loan can be no higher than $5,000, the smallest amount of any of the sources of personal loans in our review.
Unable to connect
When we tried calling the provided toll-free number, the message said, "Thank you for calling the Cash Request Center", not Better Loans Mutual. After entering our zip code, we were asked to enter a four-digit number representing our year. No matter what we entered, with or without the pound sign, it would not accept our information and terminated the call.
Too many questions
We similarly found no customer reviews of Better Loans Mutual, and no evidence that the referral service they provide is useful or even trustworthy. You'll be more likely to get the cash you need through another personal loan service, so we suggest you consider one of the more reputable, established lenders in our review.
More Personal Loan Provider Reviews
The 14 Best Personal Loan Providers
Are You in Need of Some Cash?
Historically, borrowers have had limited options for a personal loan. You could ask a family member, a friend, or find a personal finance company that offered fixed-rate loans, typically at exobrtantly high interest rates.
Today, however, finding a personal loan brings several more options to the table. While you can still ask a family member, or get a high-rate loan from a finance company, you can also consider using a social lending network. These networks, also called peer-to-peer loans, generally have much lower overhead and as a result can offer much lower interest rates. They're facilitated by professional companies familiar with this type of lending, to simplify things for all parties.
Personal Loan Provider FAQ
Continued from above...
No matter where you borrow money from, before you get your next personal loan you should consider the following:
- BBB rating. Does the lending company have a solid history of doing good business with its customers?
- Loan size and rate. How much will the lending company offer? What interest rate do they charge their customers?
- Loan application process. When applying for your personal loan, can it be completed online? Is the lending process easy and straightforward?
TopConsumerReviews.com has reviewed and ranked the best online personal loan providers available today. We hope this information helps you find the best loan at an affordable rate that meets your needs!
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