Will the bank know if I borrowed money from money mutual if I try to get a loan?

Question

If I take out $500 to $1000 from money mutual online since you have to put your social security # and info and I went to the bank to take out a small $3000 loan, would the bank be able to see that I borrowed money from money mutual? I ve already gotten a few loans and paid al of the trucks off at the bank, and I ve borrowed money from money mutual before. I just got a new job making $525 a week so I m not worried at all about the monthly payment, I just want the money now so I can get the truck I like before someone else buys it.

Libraryanna · Answer

Yes. It all shows up on your credit reports. It sounds like you are digging yourself a big hole. Money mutual charges very high interest. You really need to talk to a credit counselor. Part of being responsible with money is learning to say no when you can't afford something now and you don't need it now. You don't need the truck, but you are willing to pay excessive interest to have it now. That's immature and the steps to big credit problems.

Summertime · Answer

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Yes. They all work together against us.

Will the bank know if I borrowed money from money mutual if I try to get a loan?

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