MoneyKey Line of CreditClaimed
in Personal Lines of Credit from MoneyKey Inc.
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|Community Rating||Mostly recommended|
|Loan Amount||$200 - $1,000|
|APR (Fixed APR)||24% - 399%|
MoneyKey Line of Credit Review
Where does MoneyKey Line of Credit do business?MoneyKey Line of Credit is a direct lender based in Wilmington, DE. that was founded in 2011. MoneyKey Line of Credit is offered in 3 state s across the USA.
What are the APRs offered via MoneyKey Line of Credit?
MoneyKey Line of Credit offers personal lines of credit with fixed APRs starting from 24% to 399%.
Does MoneyKey Line of Credit charge an origination fee?
No, MoneyKey Line of Credit does not charge an origination fee.
An origination fee is what some lenders charge for processing, underwriting, and funding a line of credit. These fees can range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.
Does MoneyKey Line of Credit charge a cash advance fee?Yes, MoneyKey Line of Credit may charge a fee of 10% to 15% of the amount of each cash advance.
Does MoneyKey Line of Credit charge a late fee?Yes, MoneyKey Line of Credit may charge borrowers a late payment fee.
Does MoneyKey Line of Credit charge prepayment fees?
No, MoneyKey Line of Credit does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the line of credit off and close the account.
How much can you borrow via MoneyKey Line of Credit?
Upon approval and based on your credit worthiness, your MoneyKey Line of Credit personal line of credit will be assigned a credit line of at least $200 and as much as $1,000. .
|Cash Advance Fee||10% - 15%|
|Late Payment Fee||N/A|
What do you need to qualify for a line of credit with MoneyKey Line of Credit?
Applicants with a credit score of at least 300 can apply for a line of credit via MoneyKey Line of Credit. The minimum age to apply for a line of credit is 18 or the state minimum, whichever is higher.MoneyKey Line of Credit will also consider borrowers who are unemployed Active duty servicemembers and their covered dependents are not considered covered borrowers under the Military Lending Act (32 C.F.R. § 232). This means they cannot apply for a line of credit via MoneyKey Line of Credit. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR. Only U.S. citizens and permanent residents can apply for a line of credit.
To qualify, applicants may need to provide the following documentation:
- Applicants must have an active and valid checking account
- Recent pay stubs
- Proof of income
What is the estimated funding time for a personal line of credit via MoneyKey Line of Credit?MoneyKey Line of Credit will typically approve (or deny) a line of credit application within 24 hour s and fund personal lines of credit within 2 business day s of approval.
Does MoneyKey Line of Credit report your account activity to credit bureaus?
MoneyKey Line of Credit reports your account activity to the following credit reporting agencies:
Making regular and on-time payments on a credit card that reports your account activity to credit bureaus will demonstrate that you consistently manage debt well and can help increase your credit scores.
How to apply for MoneyKey Line of Credit
- Visit the MoneyKey Inc. website.
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
- Check the information is accurate and submit your application.
|No Origination Fee|
|No Prepayment Fee|
|Cash Advance Fee (%)||10% - 15%|
|Credit Score Range||
300 - 700
|Immigration Status Considered||
|Bank Account Required|
|Employment Statuses Considered||
|Supported Income Types||
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Amount||$200 - $1K|
|APR (Fixed APR)||24% - 399%|