SuperMoney Review: Compare Financial Services

Visit Site

SuperMoney App

Multiple offers in one place
No-cost service
Comprehensive suite of financial products

Poor user experience
Lack of customer reviews
Potential to create bad habits

Applying for a credit card, taking out a personal loan, refinancing a mortgage, filing taxes, opening a new bank account, and purchasing car insurance—these are all normal financial tasks we complete throughout our lives, but most of us are not financial experts who understand where to get the best deals when doing so. That’s where online consumer finance marketplaces like SuperMoney come in.

SuperMoney lets you compare a wide range of financial products in one place and then get preapproved for accounts, insurance, loans, and more. In our SuperMoney review below, we’ll review the pros and cons of the marketplace and walk you through how it works.

Table of Contents Skip to Section

How SuperMoney works
Pros and cons
Alternatives
FAQ

How SuperMoney works

SuperMoney is a one-stop shop for consumer finance products. Whether you need a loan, insurance, tax help, a bank account, investment advice, or something else in the consumer finance space, SuperMoney is a terrific place to see multiple financial institutions in one spot.

You can use SuperMoney’s product categories to narrow your search and apply filters to refine the available financial products further. After filling out basic personal information about the financial product you’re interested in and your specific financial needs, SuperMoney will provide a list of potential companies.

You can then select which companies you’re interested in, and SuperMoney will help you generate offers with those companies. The actual transaction—whether you’re taking out a loan, opening a new bank account, or purchasing travel insurance—will happen on the vendor’s website, not on SuperMoney.

SuperMoney tools & resources

SuperMoney offers several tools and resources to help you find the best-fit financial products for your needs, including:

Marketplaces that show you multiple offers for a specific type of financial product in one place. You can also let SuperMoney customize offers for you based on your specific needs.
Best-of guides that round up some of the industry’s top lenders, insurance companies, banks, credit unions, and other financial institutions.
Consumer reviews allow real customers to share their experiences using a specific financial product to help you form an educated opinion.
Educational articles to help you better understand complex financial topics.

How does SuperMoney tax relief work?

One of the financial products you can search for on the SuperMoney marketplace is tax relief services. You can use SuperMoney in several ways to get help with back taxes.

IRS hardship program: If you know you’re in trouble with the IRS, SuperMoney cuts right to the chase. You can see whether you qualify for IRS hardship program assistance by completing a form online and connecting with selected tax relief companies to help with your scenario.
Tax relief company comparison: If you’d rather pick and choose which companies you get quotes from, you can use SuperMoney’s comparison feature to look at several of the best tax relief companies in one spot.
Industry study: If you’re new to the idea of tax relief services, you can also check out SuperMoney’s 2024 Tax Relief Industry Study to learn more.

How do SuperMoney personal loans work?

SuperMoney acts like a traditional online personal loan marketplace. You can use best-of guides on the site to compare personal loan lenders, but you can also enter basic personal details and info about the kind of personal loan you’re looking for, and SuperMoney will serve up a list of top lenders with personalized rates.

From there, you can select which lenders you’re interested in, and SuperMoney will help you start the preapproval process. After you decide on a lender, SuperMoney will redirect you to the lender’s website to complete the loan application. You’ll then manage the personal loan with the lender.

You can also use SuperMoney to learn more about personal loans via several pieces of educational content and the 2024 Personal Loans Industry Study.

Is SuperMoney legit?

SuperMoney is a legitimate financial product marketplace that has been around for more than a decade. SuperMoney only shows offers from trusted lenders and financial institutions, and any data you enter on the site is secured through advanced encryption and SSL. SuperMoney was awarded a SOC 2 Type II certification for data security compliance by the American Institute of Certified Public Accountants.

Reading SuperMoney reviews from actual customers can help you determine if SuperMoney is the right marketplace for you when searching for and comparing financial products. The company has strong scores among several consumer review sites, including Trustpilot and Better Business Bureau (BBB).

Platform	Rating	Number of reviews
Trustpilot	4.6/5	474
Better Business Bureau	5/5	1

Collected in August 2024.

Who is eligible for SuperMoney finance products?

Eligibility for financial products found through SuperMoney can vary depending on the type of product you’re looking for. Some loan products, for instance, may have strict credit score requirements or debt-to-income ratio limits. However, even borrowers with poor credit can use the built-in filters to find options they might qualify for when searching for loans.

You must know each financial provider’s requirements when looking for bank accounts, investment accounts, insurance, and other finance products via SuperMoney. Common requirements for bank accounts include:

U.S. address
U.S. Social Security number
18 or older (though this can vary depending on the type of account)

It never hurts to see whether you’re eligible for a personal finance product. Fill out your information with SuperMoney, and it will generate a list of companies at which you qualify for the specific product you’re looking for without any impact on your credit score.

How do you repay a SuperMoney loan?

SuperMoney collects detailed information about your loan needs and then finds potential lender matches. From there, you’ll submit a rate request to those lenders to generate preapproval offers from the chosen lenders. You’ll review the lenders and select which loan offer you want.

But that’s where the relationship with SuperMoney stops. To apply, you’ll be transferred to the lender’s website or portal, and you’ll manage the loan—including loan repayments—through the lender itself, not through SuperMoney.

Keep in mind general loan repayment rules:

Your loan likely accrues interest, which increases the total cost of your loan.
Missed or late payments can result in negative marks on your credit report and a drop in your credit score.
Making extra payments toward the principal may help you repay the loan faster and reduce your overall interest costs.
Using automatic payment features can help ensure you never miss a payment.

How to use the SuperMoney marketplace

Looking for a specific type of financial product? Here’s how you use the SuperMoney marketplace to find the best option:

Select the product: SuperMoney lets you browse dozens of various financial products, from auto loans and mortgages to tax preparation services and renters insurance. Choose the correct category to start the process.
Follow the prompts to get customized offers. While you can use SuperMoney to conduct research in several ways, the best way to find a financial product is to fill in your personal information and see which companies SuperMoney recommends.
Select your preferred product: After comparing products you’re eligible for, you’ll select which option you’d like to move forward with. From here, SuperMoney will redirect you to that company’s website to complete your application.

Pros and cons of SuperMoney

Here are several advantages and disadvantages of SuperMoney:

Pros

Multiple offers in one place

If you need a loan, insurance, or another financial product but have no clue where to start, SuperMoney and other marketplaces can simplify the process. You’ll get matched with companies that meet your needs, all in one place, so you can easily compare.
No-cost service

SuperMoney is a free service. You won’t pay a cent to use the comparison platform and get matched with the best fits.
Comprehensive suite of financial products

Other financial products may specialize in just credit cards or personal loans, but SuperMoney covers the whole financial spectrum. You can find offers from checking and savings accounts to business financing, wealth management, and life and auto insurance.

Cons

Poor user experience

Though SuperMoney makes it look like you can find a specific lender, insurer, or financial institution and click an “Apply Now” button to connect, it auto-redirects you to the general form where your personal info is collected. So SuperMoney forces you to see multiple offers, even if you’ve already decided which company you want to go with. It’s a minor inconvenience, but it can be annoying if you think you’ve found the right fit.
Lack of customer reviews

SuperMoney has stellar scores with consumer trust websites Trustpilot and Better Business Bureau. The problem? SuperMoney only has a handful of reviews on those platforms. Without a larger sample size, it’s hard to gauge how customers really feel about SuperMoney.
Potential to create bad habits

Because SuperMoney requires you to create an account to access your offers, you’ll start to receive emails that keep you engaged with the financial platform. This might tempt you back to look at offers for credit cards, loans, or other financial products you don’t need.

Where to find alternatives to SuperMoney

SuperMoney isn’t the only website that helps people compare multiple financial services. Many similar websites exist, including those on LendEDU.

If you’re looking for curated recommendations, we suggest checking out our best-of pages. These pages provide expert picks for the top companies in various financial categories. Our selections are based on thorough research and our editorial ratings process.

Here are our recommendations for the best:

FAQ

Is SuperMoney safe?

Yes, SuperMoney is a safe and reputable platform. It uses industry-standard encryption to protect users’ personal and financial information and only partners with credible financial institutions.

Is there a SuperMoney app?

As of now, SuperMoney does not have a dedicated mobile app. However, its website is mobile-friendly, allowing users to easily access and compare financial services on the go.

Does SuperMoney affect my credit score?

No, using SuperMoney to compare financial products does not affect your credit score. The platform provides information and comparisons without conducting hard credit checks.

Is SuperMoney a direct lender?

No, SuperMoney is not a direct lender. It’s a comparison platform that allows you to compare offers from multiple lenders and financial service providers.

How is Jesse Stockwell involved in SuperMoney?

Jesse Stockwell is a co-founder of several financial startups and also has experience as an investment banking analyst. He focuses on tech solutions in the realm of consumer finance and thus has been involved with SuperMoney. An investor in Supermoney, Stockwell has also written articles for the website.

How is Harry Langenberg involved in SuperMoney?

Harry Langenberg invests in several consumer finance technology products, including SuperMoney. He owns and operates SuperMoney, as well as Optima Tax Relief, LoanNow, and Debtmerica.