As long as you meet Personal Money Network’s minimum income requirement, you’ll likely qualify for a loan with one of its lenders - even with a less-than-perfect credit score. What are the benefits of using Personal Money Network?įrom its lax credit requirements to its fast process, there are a few perks of getting connected with a lender through Personal Money Network: Overall, be careful when submitting your personal information and consider your short-term loan alternatives first. Short-term loans often come with high interest rates that can leave you paying double or even triple the amount you initially borrowed. And since Personal Money Network doesn’t list interest rates and fees for its partner lenders, you’ll want to ask about costs before agreeing to any loan. Worse yet, the lack of contact information makes it hard to know where to go when you have questions. Be cautious of limited information and high feesĪlthough Personal Money Network seems to have a lot of information available on its website, it’s not exactly informative. But it doesn’t stop partners that already have your information from contacting you. Unlike many connection services, it also offers the option to opt out of future information sharing by emailing This means Personal Money Network will stop sending your information to its partners for marketing purposes. And it’s a member of the Online Lenders Alliance, which sets industry standards for payday lenders. You can easily find Personal Money Network’s privacy policy and terms and conditions on its website. Personal Money Network is a legitimate connection service, but that doesn’t speak for the lender you’ll end up borrowing from. For a typical payday loan from one of Personal Money Network’s partner lenders, you can expect to pay a fee of around $15 per $100 borrowed. If approved, you’re redirected to the lender’s website where you’ll find out what interest rate, fees and terms you qualify for. Like most connection services, Personal Money Network doesn’t charge a fee. It works by sending your personal information to its partner lenders after you fill out a quick form. Personal Money Network is an online connection service that can help you find a payday or installment loan. All international money transfer services.
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