Is Money key a payday loan?

Is Money key a payday loan?

As a responsible lender, credit services provider and loan servicer, payday loan alternatives, like Installment Loans and Lines of Credit, are offered through MoneyKey. Unlike payday loans, these types of loans are generally repaid over a period of time with multiple payments.

Is Money key a real loan company?

How MoneyKey Works. MoneyKey is a direct online lender in most states. In Texas, MoneyKey arranges and services loans as a Credit Access Business. Installment loans and lines of credit through MoneyKey are offered to consumers who are typically underserved at traditional financial institutions.

Is MoneyKey a direct lender?

MoneyKey is an online direct lender that provides short-term, unsecured Loans and Lines of Credit to underserved consumers through a safe and secure platform. MoneyKey also arranges Installment Loans as a Credit Access Business and a Credit Services Organization in the state of Texas.

Does MoneyKey check credit?

Here at MoneyKey, we only perform soft inquiries when reviewing loan applications. Otherwise known as a soft pull, this quick background check won’t appear on your credit history. As a result, applying for a MoneyKey loan won’t affect your credit score.

Where is money key located?

Company Description: Moneykey – TX Inc. is located in Wilmington, DE, United States and is part of the Nondepository Credit Intermediation Industry.

Can I go to jail for debt?

The short answer to this question is No. The Bill of Rights (Art. III, Sec. 20 ) of the 1987 Charter expressly states that “No person shall be imprisoned for debt…” This is true for credit card debts as well as other personal debts.

How long does it take money key to approve a loan?

Fast and Easy Approval♦ You can get verified and approved by our Customer Care team in minutes♦. Our Customer Care agents are friendly and helpful. We’re here 7 days a week to help you through the application process.

How long does it take money key to deposit money?

If you are approved for a loan, MoneyKey can typically deposit the funds into your bank account as quickly as the next business day. Because loans are meant for short-term use, repayment ranges from five to 18 months, depending on your state.

Can moneykey help me get payday loans online?

If so, MoneyKey may be able to help you get payday loans online. As an online lender committed to outstanding customer service, MoneyKey makes it easy for you to get payday loans quickly through our simple, friendly and straightforward process.

What is a payday loan?

Payday loans are small-dollar personal loans that are typically paid back in full on your next pay date. Payment will include the principal loan amount and a finance charge. These online loans may be used for unexpected expenses like emergency car repairs or other non-recurring bills between your pay dates.

What types of loans does moneykey offer?

MoneyKey offers payday loans, installment loans and lines of credit. These products vary by state and are subject to state regulations. Check MoneyKey’s website to verify which products are available in your state. Payday Loans.

How much can you borrow with moneykey?

MoneyKey is a short-term lender that offers payday loans, installment loans and lines of credit to borrowers in 14 states. You can borrow anywhere from $200 to $2,600.