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BestMoney.com
Monevo Review
Reviews 44
Monevo
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Monevo
Monevo
Excellent
Reviews 44
Sally Herigstad
Dec. 30, 2020
1 min read
Sally Herigstad
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

4.2
Editorial score

Online experience

Good online resources, no mobile app
4.0

Customer services and support

Multiple ways of reaching lender, wide range of hours, assigned case manager
4.0

Variety of tax issues

Covers a wide range of tax issues
5.0

Fees for services

Fee information provided
4.0

Minimum debt

Handles most debt amounts
4.0

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 by
Sally 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.‎
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Trustpilot reviews
See what some costumers are saying about Monevo
Monevo
Excellent
Reviews 44
on
Excellent
89%
Bad
11%
D
donald wallen
a year ago
Mommy me you guys are awesome and nobody else would do it but you did it and I deeply appreciat it and once again thank you very much God bless thank you very much
Mommy and me was you guys was awesome thanks for the long I do appreciate it and I hope you guys do a lot more business because you're the only ones that helped me and I will not forget that thank you very much have a wonderful day take care your customers don't want to get along from these guys are very good thank you very much again bye-bye
C
carlos lugo
a year ago
Very easy to use
Very easy to use. Fast response to the service requested. Good interest rate and time to pay back your loan.
J
jim kinsey
a year ago
Great experience!
Great experience… fast and funded in a couple days! Thank you.
R
roy chandler
a year ago
Smooth and swift transaction
Smooth and swift transaction! Everything as stated! Life saver!
J
jeffrey sisk
a year ago
A very seemless and pleasant…
A very seemless and pleasant experience. Lots of choices of lenders. Great job.
K
katumu zinnah
a year ago
Great and timely service
Great and timely service. Monevo generated options based on the information I provided. I decided on an option and my application was approved.
J
joshua romero
a year ago
Not good
Not good. Wasn’t able to get the loan I wanted.
P
pat
a year ago
excellent service and quick respond
excellent service and quick respond. Would recommend to all friends.
L
leticia miller
a year ago
Application process was very easy and…
Application process was very easy and fast, I would definitely recommend it to family and friends
L
larry parson
a year ago
It came as a very helpful loan
It came as a very helpful loan , a little spendy but much needed, thank you.
L
linda g
a year ago
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!
T
thomas mauro
a year ago
Very easy to deal with abd very…
Very easy to deal with and very informative
M
michael
a year ago
There fast any easy to use
There fast any easy to use
A
angela friedl
a year ago
Excellent service
Excellent service. I was matched with a great lender. Thank you!
D
derrick staten, sr.
a year ago
A great business to deal with
A great business to deal with! No complaints!
M
mark wetson
a year ago
I never signed up
I never signed up
M
mr. williams
a year ago
The loan officer was professional
The loan officer was professional, polite and super efficient|
E
elizabeth foster
a year ago
Customer service is awesome
Customer service is awesome, explaining everything to my understanding awesome, thank you I will highly recommend 😃
W
wanda
a year ago
Very quick response
Very quick response
R
robert-martins ferry,oh
a year ago
Easy application process
Easy application process. Had funds deposited next business day. Much better rates than payday lenders. Will definitely use again if needed!!
C
charlotte english
a year ago
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.
S
scott speaight
a year ago
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
J
joseph jackson
a year ago
Application process was Quick and Easy.
Application process was Quick and Easy. Funds transferred without delay.
C
christina davis
a year ago
Terrible
Terrible, terrible
J
jesus garibaldi
2 years ago
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..
G
grrard daley
2 years ago
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
W
william atkinson
2 years ago
Once I determined that they were legit
Once I determined that they were legit, then the process was very easy and quick.
D
delton delton
2 years ago
Friendly knowledgeable and helpful
Friendly knowledgeable and helpful
M
marian lee moore
2 years ago
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!!!
S
sol
2 years ago
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.
G
george ayers
2 years ago
Easy online application and very good…
Easy online application and very good responses from lenders.
F
fernando galera
2 years ago
Best Service
I can’t find words to describe how you delivered efficiently the kind of service I want. You’re No. 1!
S
stephen emery
2 years ago
Fast and not complicated!
Fast and not complicated!
A
al
2 years ago
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.
J
james tobin
2 years ago
Very easy
Very easy, very fast and professional.
A
anthony norris
2 years ago
Application process was seamless
Application process was seamless. Funding was immediate after verification.
J
john s
2 years ago
Couldn’t have been easier
Couldn’t have been easier
T
tiffannie pannell
2 years ago
Ryan was awesome
Ryan was awesome
consumer-image
mark renkert
2 years ago
Quick Awesome service
Quick, fast and quick approval
L
l dudley
2 years ago
Quick and easy!!
Quick and easy!!
E
eduardo fernandez
2 years ago
excellent experience
excellent experience, very smooth sailing
consumer-image
john braun
2 years ago
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.
A
a martin
2 years ago
Super duper
Super duper! Got instant offers, application completed right away, signed and that was it the following day!
J
jacqueline hayman
2 years ago
Vey good service
Vey good service