Bettina made me feel so comfortable talking through everything and made sure I understood what is going to happen. Super friendly and I really enjoyed talking with her!!! It’s nice to talk with someone who isn’t “just doing their job”, she went above and beyond and made the experience very relatable and super easy. Thank you!
This is a fast and easy process. Austin is extremely knowledgeable and very helpful. He will take the time to answer all questions.
If there was one word to describe how I felt, that word would be RELIEVED. Thank you to Heather and Melody for their patience and clarity in their explanation.
The representative (Joel) was very clear and not pushy but made sure I understood what the program was about and how it worked. He was very cordial and easy to work with. I am happy that this program is available and will make sure to stay the course and do what I need to do be successful with my goals.
Bettina was SO helpful and made this process so smooth and easy. She was knowledgeable and explained everything perfectly. She is amazing and what she does 🙂
Austin is a good man. He is the type of person you need in your corner when you go thru this type of experience. He is very knowledgeable about the process and makes you feel relaxed.
May God bless these people! The knowledge, compassion, empathy, and patience Bettina Mercado showed me was beyond anything I could’ve expected. I genuinely feel like a monkey has been taken off my back and my family is finally able to move forward back to where we were before the economy went down the gutter. The path has been set thanks to Bettina Mercado and Money Ladder. I can’t recommend them enough!
Certainly! Heres a review: — ⭐⭐⭐⭐⭐ I recently had the pleasure of working with Rudy Rosete from Money Ladder, and I cannot sing his praises enough. Rudys combination of expertise and empathy made what could have been a stressful experience remarkably smooth and reassuring. From our first interaction, Rudy demonstrated an impressive depth of knowledge about debt consolidation options and patiently guided me through the entire process. He took the time to understand my unique financial situation and concerns, offering personalized solutions tailored to my needs. What truly stood out, however, was Rudys empathy and understanding. He listened attentively, never once making me feel judged or overwhelmed by my circumstances. Instead, he provided genuine support and encouragement, instilling confidence that I was on the right path to financial freedom. Thanks to Rudys expertise and compassionate approach, I now feel empowered and optimistic about my financial future. I wholeheartedly recommend Money Ladder especially if you have the opportunity to work with Rudy Rosete. You wont find a more knowledgeable or caring representative anywhere else.
I was very hesitant to embark on this endeavor. In this day and age of scammers, it is little nerve racking to give out personal information. Joel was understanding and patiently explained the program, answered my questions, and put my mind at ease. This ‘Fresh Start’ is exactly what I needed to do! Thank you, Joel!
Heather was incredibly helpful. She spent almost 2 hours on the phone with me going over options for a very tough situation, and is still continuing to pursue options on my behalf. I’m very glad and lucky to have been connected with her.
The representative – Heather Schell – made this experience one that I will forever be grateful for. She provided me with time, patience and direction. She answered all of the questions that I had and made sure that I understood what I was getting involved with and that I was comfortable with the decision to move forward with Money Ladder.
I recommend Money Ladder to anyone who’s looking to take control of their financial situation. I had the pleasure of working with Bettina Mercado recently, and I was thoroughly impressed by her expertise and professionalism. The customer service team deserves a shoutout too! They were quick to respond and extremely helpful when I had questions about setting up my account.
This was the best decision I could have made. Joel was super helpful and explained everything and answered all my questions. You will be glad you called!
Spoke to Jason , and made this all seem like an easy solution for my drowning debt . But now I have been transferred to another representative after signing everything . I’m feeling skeptical and can’t find much info on others reviews and outcomes from using the services.
Bettina was so kind and compassionate towards my situation. I felt that she was in my corner throughout the application process and I was very comfortable asking her questions. Thank you Bettina for being a shining light at a dark time for so many people and doing it with a great attitude. The world needs more people like her!
I worked with Joel and he was super helpful and patient. He explained everything extremely well and was able to answer all all my questions. He waited on the phone with me while I read through the entire contract, explaining things that I didnt understand or just needed more information about. I was very glad and hopeful at the end of our conversation and definitely recommend going through the process with him!
Joel was so very informative and answered all my questions. After having a family year previously have a horrible experience, I asked a million questions, but he has reassured me that I made the right choice.
Hi, this review is for Melody who is doing a wonderful job. She seems to understand the situation and makes comments and suggestions without being asked. Tyrah was the first person and Melody took over several months ago and her knowledge and attitude has been very helpful. Being new to this situation and not knowing what services were available it was reassuring to know their was a company like this. I appreciate the support and ideas that Money Ladder has given and their confidence the Start New people can achieve their objectives. Hope this was helpful. Thanks, Randy Willems
Information written by the companyOur Company has over 10 years of focusing on individual successes, which range from customer technical experiences to finances. We pride ourselves in providing a premium experience to assist customers in finding personal freedom, while planning for a comfortable future. Were excited to change the financial industry by truly focusing on the individual, instead of just their finances. After getting to know you, we customize each program to meet your individual needs. The traditional financial industry thinks of you as a number and just focuses on how to monetize your decisions. We want to know you, then we can better serve your needs. No longer are you just a number, youre a person who needs a partner to understand you and work for you. Our qualified staff of certified National Financial Educators Council Coaching Professionals work with you no matter the situation to help understand and navigate your way through the financial landscape. We assist you through your challenges and partner with you to uncover and explore new opportunities. Our certified Coaches utilize educational resources and financial partners to elevate your financial situation.
Dealing with financial hardship can feel overwhelming. Bills pile up, debt grows, and it seems impossible to get ahead. If you’re struggling due to job loss, medical issues, or other challenges, a hardship recovery loan from Money Ladder could provide some much-needed relief.
In this comprehensive guide, we’ll explain what Money Ladder hardship loans are, their benefits, eligibility requirements, interest rates, and more. Read on to see if these loans are right for your situation.
What is a Money Ladder Hardship Recovery Loan?
A Money Ladder hardship recovery loan provides emergency funds to borrowers facing financial difficulties. These unsecured personal loans range from $1,000 to $35,000. You can use the money for any purpose – credit card consolidation, medical bills car repairs, or anything else.
Money Ladder offers hardship loans to borrowers even with bad credit or prior bankruptcies. They understand that anyone can hit a rough financial patch. The loans provide temporary assistance so you can get back on your feet
Key Benefits of Money Ladder Hardship Loans
Money Ladder hardship loans offer several advantages for struggling borrowers:
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Available with bad credit – Money Ladder accepts credit scores as low as 550 and doesn’t require collateral.
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Fast funding – Loans fund in as little as 1 business day once approved.
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Flexible terms – Pick a repayment term of 2 to 5 years. No early repayment penalties.
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Consolidation options – Can consolidate high-interest credit card, payday loan, or other debt into one monthly payment.
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Accessible support – Money Ladder has a U.S.-based customer service team ready to help.
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No origination fee – 0% origination fee, you get 100% of the loan amount.
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Easy application – 100% online application takes just minutes.
What Do You Need to Qualify for a Hardship Loan?
While Money Ladder does work with borrowers facing financial challenges, you still must meet some basic criteria:
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Identification – Valid U.S. government ID or driver’s license.
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Income – Minimum monthly gross income of $1,200.
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Age – At least 18 years old (or 19 in Alabama).
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Residence – Current U.S. resident in an eligible state.
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Bank account – Active checking account in your name.
As long as you meet the requirements above, Money Ladder will review your application based on your unique situation. They offer loans specifically tailored for hardship cases.
What Loan Amounts and Terms Are Available?
Money Ladder provides flexible loan options to suit your needs:
Loan amounts:
- Minimum: $1,000
- Maximum: $35,000
Loan terms:
- 24 months
- 36 months
- 48 months
- 60 months
You’ll complete a brief application asking for personal details, income, and expenses. Based on your info, Money Ladder determines the loan amount and terms for which you qualify.
The loan terms impact your interest rate and monthly payment. Longer terms like 48-60 months have lower payments but higher total interest costs over the life of the loan.
What Interest Rates and Fees Does Money Ladder Charge?
As an online lender, Money Ladder can offer competitive rates and fees:
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Interest rates – Rates range from 5.99% to 35.99% APR
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Origination fee – 0%, you receive 100% of the loan amount
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Late fees – 5% of the overdue payment after a 15 day grace period
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Prepayment penalty – $0, you can pay off early with no fee
Your specific interest rate depends primarily on your credit score and history. The better your credit, the lower the rate you’ll qualify for. Money Ladder discloses all rates and fees upfront before you commit to a loan.
How Do I Apply for a Money Ladder Hardship Loan?
Applying for a Money Ladder hardship recovery loan takes just a few minutes:
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Complete application – Fill out the secure online form with personal and financial details.
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Review offers – See available loans and select your preferred amount and terms.
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Verify identity – Submit ID for electronic verification.
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Sign agreement – Review and sign your loan agreement digitally.
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Get funded – Approved funds deposit directly into your bank account.
The whole process from application to funding can be completed in as little as 1 business day. It’s fast and easy!
Can the Loan Improve My Credit Score?
One of the nice features of Money Ladder loans is they report your payment history to the major credit bureaus.
If you make consistent on-time payments, it shows positive payment behavior and may boost your credit score over the loan term. This sets you up for approval for lower rates on future credit products.
However, late or missed payments would negatively impact your credit. Be sure to only borrow what you can realistically payback each month.
Tips for Managing a Hardship Loan
If you get approved for a Money Ladder hardship recovery loan, here are some tips to manage it responsibly:
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Make payments on time every month – set up autopay.
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Pay more than the minimum when possible to pay down principal faster.
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Avoid taking out new credit while repaying your loan.
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Monitor your credit report – check for any errors negatively impacting your score.
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Contact Money Ladder immediately if you anticipate payment issues. They may adjust due dates if needed.
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Build savings during the loan term as an emergency fund for the future.
Alternatives to Compare
While Money Ladder hardship loans provide a nice option for bad credit borrowers, also consider:
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Borrowing from family/friends – no fees, flexible terms, just agreeing on details.
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401k loan – borrow from yourself and pay back with interest.
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Credit union payday alternative loan – low rates, up to $2,000.
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Balance transfer credit card – 0% intro APR, but temporary relief.
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Debt management plan – work with credit counselor to negotiate lower rates.
Compare all options to find the best solution for your financial situation. Don’t take on more debt than you can handle.
The Bottom Line
During times of financial hardship, easy access to emergency funds can be critical. Money Ladder hardship recovery loans provide a lifeline for borrowers facing tough circumstances but who may not qualify with traditional lenders. Just be sure to only borrow what you reasonably need and can afford to repay.
With competitive rates, flexible terms, fast funding, and a focus on serving hardships, Money Ladder loans are worth considering when unexpected challenges arise. Manage the debt responsibly, and it can put you back on the path to financial stability.
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How to Get Started with the Money Ladder Hardship Recovery Loan
FAQ
Is Money Ladder credible?
Is accredited debt relief legit?
Does Money Ladder offer personal loans?
They also advertise personal loans on their mailers; however, for these loans, Money Ladder will submit the information you provided to a third-party lender or lenders for an unsecured personal loan. This business is accredited by the BBB and has an A+ rating. It has been accredited since 5/19/2022 and has 0 reviews or complaints.
Can money ladder help you get out of debt?
Keep in mind Money Ladder can only settle unsecured debt like credit cards or personal loans. It can’t do a thing about your mortgage or auto loan. It’s also important to remember that debt negotiation is a tool to help you get out of debt, not a magic wand.
Is money ladder a good company?
Money Ladder has an A+ rating and is accredited by the BBB. There are no reviews or complaints on their BBB account. However, we did find some Trustpilot reviews. Overall, reviewers have had a mixed experience with Money Ladder. Here are some of their Trustpilot reviews: Gloria Ferreira Jun 21, 2022
How do I apply for a money ladder loan?
J WALKER Jul 14, 2022 Apply to lenders directly. Money ladder is a company that will ask you questions over the phone, then submit your application to lenders. But, be aware, they will charge you 9.9% of the total of your loan. That’s the percentage that goes to the money ladder once you use them.