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Monevo Review

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Reviews 36

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Sally Herigstad
Sally Herigstad
May. 03, 20214 min read

Monevo summary

Monevo is an award-winning online marketplace that borrowers can use to compare loans for paying their taxes. With access to hundreds of loan companies and responses available in seconds, borrowers can quickly get money to pay their tax debts.

Pros

  • Approvals for borrowers with fair to excellent credit scores
  • View rates without providing personal contact information
  • A+ rating by the Better Business Bureau

Cons

  • Maximum loan of $100,000
  • Does not represent your before tax authorities

Monevo at a Glance 

Tax types
Federal, state, or other tax debts
Tax loan amount
$500 to $100,000
Repayment terms
3 to 144 months
Minimum credit score
550
APR
1.99 - 35.99%
Residency or citizenship requirements
Permanent residency or citizenship of the United States required
Suitable for
Borrowers shopping for a deal on a tax loan

Monevo Monevo Visit Monevo

Why Go with Monevo

When you need a loan to pay off tax debts, you want a loan marketplace that will give you a wide selection of lenders to choose from so you can get a favorable deal. According to the company, Monevo serves over 250,000 customers annually, has high customer satisfaction ratings, and has won awards for its service. Customers have financed over $1Bn in loans through Monevo.

Monevo has a relatively straightforward and streamlined process. It does not charge any additional fees. You can see up to 30 offers immediately, and you are under no obligation to proceed after viewing your rates. Many lending partners can send funds as soon as the next business day. 

What’s Offered

Monevo offers unsecured loans to pay tax debts. You can use the loans to pay any tax debts, including:

  • Federal income taxes
  • State and local income taxes
  • Property taxes
  • Business taxes, such as B&O taxes and payroll taxes

Pricing

Monevo does not charge borrowers a fee to use the loan marketplace. 

Fees and interest rates vary by lender. Tax loan APRs range from 1.99% to 35.99%, depending on your credit score, loan term, and other factors. You can see up to 30 lender deals at once to help you choose the loan that is right for you.

Suitable For?

You may want to use the Monevo tax loan marketplace if you owe taxes and don’t need help resolving or negotiating your tax bill. In addition, you may want to get a tax loan through Monevo if you don’t want to or cannot make installment payments directly to the taxing authorities, and you want to compare tax loans to make sure you are getting the lowest interest rate.

Monevo may be able to help you pay your taxes if you have a minimum credit score of 550, and you need between $500 and $100,000 to pay your tax debts. You must also be a U.S. citizen or permanent resident, be age 18 or older, and have a checking account.

Site Security 

Monevo uses the highest level of SSL encryption on its website to protect customer data. They also use firewalls to help prevent external access to their network. 

According to Monevo, it restricts access to your personal information to employees, contractors, service providers, and agents, to the extent they need to know the information only. Monevo only shares information with third parties if they are sure the third parties maintain the same security and privacy levels as Monevo.

As part of their services, Monevo may contact you by email, SMS, and telephone. You can always request this communication be stopped.

Help & Support

You can reach Monevo customer support in three ways:

Online customer service form

Phone support

Live chat option

Email

Physical Address

Monevo Inc.

8910 University Center Lane, Suite 400

San Diego, CA 92122

Contact Details

You can contact Monevo by email at supportusa@monevo.com.

The phone number for their U.S. offices is +1 619-536-0749.

Monevo Monevo Visit Monevo

Sally Herigstad
Written bySally Herigstad

Sally has been writing about personal finance since 1998 and is the author of “Help! I Can’t Pay My Bills” (St. Martin’s Griffin). She is a licensed real estate broker in Washington state and a retired certified public accountant. She writes for BestMoney and enjoys helping readers make sense of the options on the market.‎

Monevo
Monevo
ExcellentReviews 36
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Trustpilot reviews

See what some costumers are saying about Monevo
Monevo
ExcellentReviews 36
on
Excellent
89%
Great
0%
Average
0%
Poor
0%
Bad
11%
  • author
    Leticia Miller
    Oct 13, 2021
    Application process was very easy and…

    Application process was very easy and fast, I would definitely recommend it to family and friends

    ...

  • author
    Larry Parson
    Oct 11, 2021
    It came as a very helpful loan

    It came as a very helpful loan , a little spendy but much needed, thank you.

    ...

  • author
    Linda G
    Oct 11, 2021
    Only took a few minutes to see what was…

    Only took a few minutes to see what was available to me. Got an offer for more than what I was looking for with a great interest rate and payment!

    ...

  • author
    Thomas Mauro
    Oct 09, 2021
    Very easy to deal with abd very…

    Very easy to deal with and very informative

    ...

  • author
    Michael
    Oct 09, 2021
    There fast any easy to use

    There fast any easy to use

    ...

  • author
    Angela Friedl
    Oct 08, 2021
    Excellent service

    Excellent service. I was matched with a great lender. Thank you!

    ...

  • author
    Derrick Staten, Sr.
    Oct 08, 2021
    A great business to deal with

    A great business to deal with! No complaints!

    ...

  • author
    Mark Wetson
    Oct 08, 2021
    I never signed up

    I never signed up

    ...

  • author
    Mr. Williams
    Sep 20, 2021
    The loan officer was professional

    The loan officer was professional, polite and super efficient|

    ...

  • author
    Elizabeth Foster
    Aug 14, 2021
    Customer service is awesome

    Customer service is awesome, explaining everything to my understanding awesome, thank you I will highly recommend 😃

    ...

  • author
    Wanda
    Aug 09, 2021
    Very quick response

    Very quick response

    ...

  • author
    Robert-Martins Ferry,OH
    Aug 09, 2021
    Easy application process

    Easy application process. Had funds deposited next business day. Much better rates than payday lenders. Will definitely use again if needed!!

    ...

  • author
    Charlotte English
    Aug 09, 2021
    The process is user-friendly and didn't…

    The process is user-friendly and didn't require much time to fill out the application. The approval was fairly fast and my debt consolidation loan was approved! Thank you Monevo USA for your help! Charlotte E.

    ...

  • author
    Scott Speaight
    Aug 09, 2021
    I never applied for a loan yeah I keep…

    I never applied for a loan yeah I keep getting these stupid core quest to fill out a survey if someone did apply for a loan I did not do so and it is fraud I have contacted the company Andre contacted the company

    ...

  • author
    Joseph Jackson
    Aug 09, 2021
    Application process was Quick and Easy.

    Application process was Quick and Easy. Funds transferred without delay.

    ...

  • author
    Christina Davis
    Aug 09, 2021
    Terrible

    Terrible, terrible

    ...

  • author
    Jesus Garibaldi
    Aug 06, 2021
    No hassle company they check out my…

    No hassle company they check out my DOCUMENTS and the rest was excellent great job..will be doing business in the future..

    ...

  • author
    Grrard Daley
    Aug 06, 2021
    I have no idea who this is and why are…

    I have no idea who this is and why are you contacting me Who is Monevo

    ...

  • author
    William Atkinson
    Aug 06, 2021
    Once I determined that they were legit

    Once I determined that they were legit, then the process was very easy and quick.

    ...

  • author
    Delton Delton
    Jul 27, 2021
    Friendly knowledgeable and helpful

    Friendly knowledgeable and helpful

    ...

  • author
    Marian Lee Moore
    Jul 26, 2021
    Customer service

    The customer service was outstanding. I am technically illiterate and they were courteous, professional, and very very patient. I would recommend them to anyone. THANK YOU!!!

    ...

  • author
    Sol
    Jul 26, 2021
    It was really quick and the lender I…

    It was really quick and the lender I was paired with, was fast in my approval. Got the money a day later.

    ...

  • author
    George Ayers
    Jul 26, 2021
    Easy online application and very good…

    Easy online application and very good responses from lenders.

    ...

  • author
    Fernando Galera
    Jul 24, 2021
    Best Service

    I can’t find words to describe how you delivered efficiently the kind of service I want. You’re No. 1!

    ...

  • author
    Stephen Emery
    Jul 23, 2021
    Fast and not complicated!

    Fast and not complicated!

    ...

  • author
    AL
    Jul 23, 2021
    The links I received were both helpful…

    The links I received were both helpful and led to successful financing. I also found the website very clear and easy to navigate. Thank you for your services.

    ...

  • author
    James Tobin
    Jan 22, 2021
    Very easy

    Very easy, very fast and professional.

    ...

  • author
    Anthony Norris
    Jan 02, 2021
    Application process was seamless

    Application process was seamless. Funding was immediate after verification.

    ...

  • author
    John S
    Dec 31, 2020
    Couldn’t have been easier

    Couldn’t have been easier

    ...

  • author
    Tiffannie Pannell
    Dec 31, 2020
    Ryan was awesome

    Ryan was awesome

    ...

  • author
    Mark Renkert
    Dec 15, 2020
    Quick Awesome service

    Quick, fast and quick approval

    ...

  • author
    L Dudley
    Dec 15, 2020
    Quick and easy!!

    Quick and easy!!

    ...

  • author
    Eduardo Fernandez
    Dec 13, 2020
    excellent experience

    excellent experience, very smooth sailing

    ...

  • author
    John Braun
    Dec 12, 2020
    Monevo was very helpful in assisting…

    Monevo was very helpful in assisting with my obtaining a personal loan. They are prompt and professional. They follow up to make sure the process is going well for you.

    ...

  • author
    A Martin
    Dec 12, 2020
    Super duper

    Super duper! Got instant offers, application completed right away, signed and that was it the following day!

    ...

  • author
    Jacqueline Hayman
    Nov 20, 2020
    Vey good service

    Vey good service

    ...

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