Bestmoney.com Review: Is Bestmoney.com Legit?

What is Bestmoney.com?

BestMoney.com is an online marketplace for lenders to offer financial products including home insurance, car insurance, online banking, home loans, debt consolidation loans, and more. Though it appears the company is connected to or partnered with the lenders it showcases, BestMoney’s offerings can be thought of as affiliate marketing, where it receives a commission for each loan or financial product obtained by potential borrowers.

As a financial comparison and shopping site that offers users the ability to view loan products from a variety of providers, it has comparison tools for multiple financial products. However, BestMoney is more of an information portal instead of a lender or financial partner. Its services amount to guided referrals, and the company does not directly provide advisory or lending services.

Boasting hundreds of thousands of customers, BestMoney offers a fast prequalification service that it says does not impact the borrower’s credit score. Though, it does not participate in the rate-setting or monthly payments determination process and does not have any influence over a borrower’s approval or denial.

Bestmoney.com Features

BestMoney has a sleek and well-laid-out website that clearly lists its lending partners’ offerings. It’s easy to enter your loan needs and financial situation to find lenders willing to work with your specific circumstances, but the final lending decision comes down to the lender and not BestMoney.

• Wide network of lending options

• Potential borrowers can view several lenders at once to compare rates and terms

• BestMoney is not a lender and earns a commission on each loan sold

• The company gives a handy overview of each lending partner

Bestmoney.com Reviews: Pros and Cons

Pros

• Intuitive website

• Quick prequalification with no credit hit

• Easy to filter loans by the borrower’s needs and situation

Cons

• No reviews and limited online presence

• The company seems more targeted at making money than helping borrowers

Bestmoney.com Financial Rates/Interest/Terms

BestMoney works with external lending partners, so the rates offered to loan applicants are not its own. Below is a summary of the sample rates provided on BestMoney’s site.

Bestmoney.com Reviews

While there are effectively zero reviews available for the company online, its Facebook page does have a few telling customer opinions. Many reviewers there believe the company is a scam, saying that it suspiciously redirects users to other websites and asks for a large amount of personal information without disclosing where it’s going or how it will be used or handled after the fact. Others struggled with the application process, saying that promises of easy approvals were inaccurate or exaggerated.

Is Bestmoney.com Legit?

BestMoney.com is a legitimate website that works with legitimate lenders to provide financial products to individual consumers. That said, it’s important to remember that it's only a marketplace for such products and does not manage or offer any loans itself.

Is Bestmoney.com Worth It?

Though our review may seem to indicate otherwise, BestMoney.com can be a good starting point for potential borrowers. Its site is free to use, and it’s easy to compare lenders, so there’s not a significant time investment to browse the site. However, more reputable sites, such as Credible, offer similar features backed by a more trusted name.

Who is Bestmoney.com Best For?

BestMoney.com is best for prospective borrowers unsure of where to begin or of the options available to them. It provides a simple, straightforward comparison tool, and the site makes it easy to filter potential lenders based on the borrower’s credit score and loan needs.

Bestmoney.com Alternatives

There is no shortage of lending comparison and marketplace services online. Here are just a couple of the most popular ones, which can be found in our reviews of the best personal loan providers.

• LendingTree

• Credible