Best Reviews TopConsumerReviews.com Best Personal Loans Best Reviews
Best Reviews
      June 2, 2020

Home  >  Personal Loans  >  LifeLoans vs Better Loans Mutual

Best

Personal Loans

  1. LendingTree
  2. Upstart
  3. Credible
  4. LendingClub
  5. Avant
  6. 100 Lenders
  7. Prosper
  8. Even
  9. NetCredit
  10. Personal Loans
  11. OneMain Financial
  12. LifeLoans
  13. Better Loans Mutual

Your Information Is Secure
Personal Loan Tips Newsletter

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!

Latest Reviews

Bad Credit Loans

Buying Gold

College Textbooks

Investment Newsletters

MCAT Test Prep

Photo Books

Photo Cards

Salsa Clubs

Slipcovers

Structured Settlement Buyers

 

Individual Reviews

SoFi

LendingTree

Upstart

Credible

LendingClub

Avant

100 Lenders

Prosper

Even

NetCredit

Personal Loans

OneMain Financial

LifeLoans

Better Loans Mutual

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

LifeLoans vs Better Loans Mutual

Best Personal Loans

To help you find the Best Personal Loans, TopConsumerReviews.com provides you with an in-depth comparison of LifeLoans and Better Loans Mutual.

To see ALL of our reviews for the Best Personal Loans, please Click Here

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.

Continue reading below reviews

Best Reviews

2020

Personal Loan Reviews

2 stars
LifeLoans

LIFELOANS

Visit Site

Loan:

From $100 to $35,000

Offering personal loans ranging from $100 to $35,000, LifeLoans says they can "get the cash you need fast". To get started, the site asks you to enter your desired loan amount, your monthly income, your credit score, and your zip code. From there, you are taken to a page that asks for much more specific personal information, including your address and zip code.

Up to 6 lenders

At this point Lifeloans will pass along your details to up to 6 lending partners in their network, who will contact you directly. And, if you don't qualify for a traditional personal loan, the disclaimer also explains that you may be referred to lenders offering "payday loans", which typically have much higher interest rates than personal loans.

Of course, in this age of identity theft, it's important to confirm that your information will be safe before entrusting it to a website. Is LifeLoans a trustworthy source of personal loans?

Online lenders alliance

LifeLoans is a member of the Online Lenders Alliance, which expects its members to uphold standards of integrity and honesty in the lending process. But, unlike most of the other personal loan services in our review, LifeLoans maintains no reputation with the Better Business Bureau.

No customer reviews

In fact, we were unable to find a single review from a LifeLoans customer - positive or negative. We also couldn't find a phone number to call with questions, or an email address to contact them with. Residents of Connecticut, New Hampshire, Washington, and Vermont are not eligible to submit a request for a loan through this site.

Overall, we weren't impressed with what LifeLoans offers with respect to personal loans. If you're looking for transparency and an established track record of helping customers get the money they need, we suggest you consider one of the higher-ranked lenders in our review first.

Visit Site
1 star
Better Loans Mutual

BETTER LOANS MUTUAL

Visit Site

Loan:

From $100 to $5,000

Better Loans Mutual does not make personal loans directly. Rather, they connect borrowers with providers of auto loans.

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.

Visit Site

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!

Is A Coronavirus Hardship Personal Loan Right For You?

Many credit unions and some banks are offering low-interest coronavirus hardship personal loans. Here's what to know before opting for one.

Published:  Tue, 26 May 2020 09:20:00 GMT



House bill gives small businesses more time to use PPP loans and lets them spend less on payroll

The Paycheck Protection Program Flexibility Act, which passed in the House of Representatives on Thursday, eases loan forgiveness rules for small-business owners.

Published:  Sat, 30 May 2020 20:25:00 GMT



Can You Get a Personal Loan With No Credit Check?

Getting a personal loan with bad credit can be tough. Lenders and creditors usually require a credit check before you can borrow money, and if you have poor credit or no credit, you may be denied.

Published:  Thu, 28 May 2020 21:00:00 GMT



Israel's Ogen Group raises $30 mln to provide emergency loans

Israel's Ogen Group said on Monday it raised $30 million to provide emergency loans and financial mentoring to small businesses, non-profits and unemployed and furloughed workers affected by the ...

Published:  Sun, 31 May 2020 20:00:00 GMT



What is a good reason for a personal loan?

Unsecured personal loans can pay for almost anything. Their flexibility makes them easy to turn to when you want to consolidate your debts or put in that kitchen island.

Published:  Mon, 18 May 2020 10:49:00 GMT



Personal Loan Apps Spike In Latest Provider Rankings

Consumers are downloading and using personal loan apps more often and they're still deciding on their favorites, as shown in the latest PYMNTS Provider Ranking.

Published:  Wed, 20 May 2020 08:05:00 GMT



Personal loans: Here are some good reasons to get one

Unsecured personal loans can pay for almost anything. Their flexibility makes them easy to turn to when you want to consolidate your debts or put in that kitchen island. Load Error But first assessing ...

Published:  Thu, 21 May 2020 02:00:31 GMT



How to spot personal loan scams

And this growing demand for loan services could trigger a new wave of scams. Karla Laird from the Better Business Bureau explains.

Published:  Sat, 30 May 2020 11:23:00 GMT



Microfinance players expect loan repayments to start soon

No legacy, they say, is as rich as honesty. Perhaps, India's micro lenders can vouch for this. With an outstanding loan portfolio of a2.2 lakh crore, the microfinance industry caters to a vast majori ...

Published:  Mon, 01 Jun 2020 01:50:00 GMT



Share Us!   

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure