Loans like MoneyTree

If you are looking for a cash loan, you might have come across ads from a company called MoneyTree. But who is MoneyTree? MoneyTree is a branch-based provider of subprime cash loans, primarily focusing on the western United States. As of April 2025, the company serves customers in 5 states – California, Colorado, Idaho, Nevada, and its home state Washington. The company has been around for quite some time, having been founded in the 1980s in Renton, WA.

What Products Does MoneyTree Offer?

Through its brick and mortar locations, the company offers payday loans, installment loans and title loans. Besides lending services, MoneyTree also provides other financial services including money orders and prepaid cards. Like many retail providers, check cashing services are another prominent product that can be accessed in MoneyTree’s financial centers.

Is MoneyTree legit?

If you are looking for quick emergency cash and are considering to obtain a loan from MoneyTree, there are however a few things you should be aware of:

• No BBB accreditation: As of April 2025, MoneyTree is not accredited by the Better Business Bureau.
• Past issues with regulators: MoneyTree has had its fair share of run-ins with regulators, including actions taken by the Consumer Financial Protection Bureau regarding its advertising and collection practices.
• Limited availability: As a result of its retail-based approach to providing financial services, MoneyTree’s products are only available in a limited number of cities and states.

What Are The MoneyTree Loan Requirements?

When considering to get a loan from MoneyTree, it’s important to be aware of the company’s lending requirements. Given that MoneyTree primarily caters to subprime customers with less-than-perfect credit, the requirements to apply for a loan from MoneyTree are fairly straightforward. They generally include

• Proof of ID: This requirement can be met by presenting a picture ID and a valid Social Security Number or ITIN
• Proof of Address: The proof of address requirement can be met by providing documents that allow the company to verify the applicant’s address and other contact information.
• Proof of income: This requirement can be satisfied by providing documents that allow MoneyTree to verify the source of income, and the stated amount of income that the applicant receives.
• Additional product-specific requirements: Depending on the product that you would like to apply for, additional product-specific requirements apply. This includes a free and clear vehicle title if you are looking to apply for a car title loan, or a checking account if you are applying for a payday loan or a MoneyTree signature loan.

How Does MoneyTree Compare To Title Loans Serviced by LoanMart?

Title loans serviced by LoanMart can be a great option when money doesn’t grow on trees and you need to pay an upcoming bill as soon as possible. How do title loans serviced by LoanMart compare to MoneyTree?

Let’s start with the similarities:

• Long-term history and experience: Both companies have a long history and thus experience in providing subprime lending services, having been founded more than two decades ago!
• Document requirements: When an applicant is a approved for a loan, both companies will ask the customer to submit a set of required documents! Whether you choose to apply with MoneyTree or through LoanMart, you will be asked to provide proof of identification, proof of address, and proof of income.
• Availability in multiple states: both MoneyTree and LoanMart have expanded their financial service offerings over the years and have services available in multiple states.

With the similarities out of the way, here are a few key differences between MoneyTree and auto equity loans serviced by LoanMart:

• Store visit requirement: With title Loans serviced by LoanMart, you can conveniently apply and upload all of your paperwork online! There is no need to mail your documents or visit a store in person to drop them off.¹
• Geographic availability: With title loan services offered in more than 20 states, LoanMart has a much larger presence – this includes several populous states in which MoneyTree does not currently operate, including Texas, Florida, Ohio and Louisiana.
• Product diversity: LoanMart is exclusively focused on providing title loan services, whereas MoneyTree offers a suite of products. If you are looking to obtain multiple different products or if you are looking for a form of credit that does not require your vehicle, then LoanMart is not likely to be the place where you should start. If you are however looking for a company with focused expertise in title loan services, it might be a good idea to apply with LoanMart. This is especially the case for special title loan needs such as having a car with high mileage, or if your car is older.

Final Thoughts On MoneyTree vs Title Loans Serviced by LoanMart

Whether MoneyTree, or a title loan serviced by LoanMart, or a product through a different company is best for your financial needs is ultimately a decision you need to take for yourself. Here are however a few key questions that could help you make an informed decision:

• Which loan product aligns best with your needs, and is that offered by MoneyTree or through LoanMart?
• Is the product available in your state?
• What is the cost of the loan, expressed as the Annual Percentage Rate?
• Does the amount I need align with the product?
• What are repayment terms and are the payments affordable for me?
• Is there a fee for paying off the loan early?

Whether you choose to apply with MoneyTree or for a title loan serviced by LoanMart, we hope the above information has provided you valuable information to determine what loan option best fits your needs!