Company Profile
MagnifyMoney offers people to find the best loans and financial products that suit their needs by just entering a few details on the website. It’s worth noting that this is not an actual loan lender but an online marketplace that allows users to search through a catalog of lenders.
How to Apply
In order to use the services and financial advisors that MagnifyMoney offers, you don’t have to apply for anything. This is not an actual loan lender so you will not get the money that you need from them. Instead, you will only get to browse through their catalog of partners and find the one that has the best offer for you.
To do that, you need to access the official MagnifyMoney website, go to the loans section, and fill in some required details. The left side of the page will display a small form that you will have to complete with your credit score, the amount that you need, and the zip code of your area.
Once that is done, the platform will offer you loan offers from lenders that suit your requirements.
Some of the lenders that you will see as results will also come with reviews so you can get to know more about them. Besides that, once you have decided on a lender, you need to select it to see its offers and you will be redirected to the Lending Tree website. This is the final step before actually picking a loan for you. You will be presented with a calculator that will help you find out your rate, make comparisons, and finally, you will find it easier to select an offer.
Speaking of calculators, MagnifyMoney also offers a loan repayment calculator that can help you see all the important details of your loan. You will be able to see your loan balance, estimated monthly payments, interest, etc.
Requirements
MagnifyMoney does not have any specific requirements for its clients. This is a platform that aims to simply make it easier for people to find personalized financial offers, like loans and banking services, a lot faster. The only requirements that you will have to take into account are those of the actual loan lender that you will pick from their catalog. However, if a certain offer has been displayed for you by MagnifyMoney, you are probably already eligible for that loan. Obviously, minors and people outside of the United States cannot access these services.
Privacy and Security
When it comes to privacy and security, the MagnifyMoney website lacks transparency. There are not many details in there about the measures they take to protect their visitors from frauds, scams, and other problems. They do, however, display their Privacy Policy, Terms and Conditions, and Accessibility Statement. The latter offers more information on how the website works, the data that it collects from visitors, and how it protects it.
It’s worth explaining that MagnifyMoney does not need all of your financial or personal data. The only details that you will have to give them are the aforementioned ones and they have the purpose of finding good matches among their collaborators. So, all possible future visitors should not be worried about data breaches or other issues.
Services
As previously mentioned, MagnifyMoney is a platform that can help you find the best personal loans, small business, auto, mortgage, and debt consolidation loans. They can also help you find online banking offers and can provide financial advisors and online calculators for all of their visitors.
Help & Support
Anyone can contact MagnifyMoney by calling them at 866-501-2397. You can also send them an e-mail directly from the official website. You will find all the necessary details in the contact section. Their FAQs section is also helpful for any general questions.
Summary
In short, MagnifyMoney can be a nice solution if you want to save time and you’re looking for a good loan for yourself or your business. The entire process is extremely easy and fast and chances are that you might find a suitable offer for you. Their partner catalog is not as big as those of other platforms but it’s definitely worth a shot.