Loans
MoneyLion Loans Review: Credit Score SOS
Boost your credit with MoneyLion Loans- This in-depth review unlocks the secrets of their credit builder loans, revealing rates, features, and everything you need to know. Dive in to learn more!
Advertisement
The company offers credit-builder loans without a hard inquiry
Need to improve your credit? This review will help you demystify the credit builder loans offered by MoneyLion Loans.
Apply for MoneyLion Loans: Easy Credit Builder
Stuck in credit limbo? Keep reading to learn how to apply for MoneyLion Loans to the rescue! NO hard inquiry!
We mention rates, explore features, and answer all your burning questions about their membership. Ready to build credit? So, keep reading!
- APR: 5.99% to 29.99%;
- Loan Purpose: Credit-builder;
- Loan Amounts: Up to $10,000;
- Credit Needed: All credit types are considered;
- Origination Fee: N/A;
- Late Fee: N/A;
- Early Payoff Penalty: N/A.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
Advertisement
MoneyLion Loans overview
If you want to enhance your credit score, then MoneyLionLoan can help. As a member, you can avail credit-builder loans of up to $1,000 in about 3 business days.
The best part is that by making timely payments, MoneyLion will report your payments to the main credit bureaus and then help you gradually improve your score.
Credit Builder Plus membership
To improve your credit score, then you’ll have to sign up for a monthly membership called Credit Builder Plus. It costs $19.99 per month.
By acquiring the membership, you will have credit builder perks, as well as a checking account with no fees and an investment account.
This account also lets you borrow money with 0% interest rates up to $250.
The best thing about this membership is that they don’t do a credit check when you sign up, so anyone can join and start building their credit score.
Advertisement
Credit Builder Plus Loan
When you become a member, you are automatically eligible for a Credit Builder Plus loan.
MoneyLion Loans will review your profile and then make offers of up to $10,000 if approved for a loan.
They will run a soft pull without any impact on your score. Still, the loan APR varies from 5,99% to 29,99%, depending on your financial status.
MoneyLion Loans’ Selling Point
MoneyLion Loans’ selling point is that you may qualify for instant access to a portion or even the full amount of the $1,000 loan.
The best part is that any part of the loan not deposited into your checking account is put into a credit reserve account that earns interest until you pay off the entire loan.
Advertisement
MoneyLion Loans: pros and cons
A credit builder loan is a great option for people who want to improve their credit score but don’t want a hard credit inquiry.
However, there are other ways to build or rebuild a credit score, so make sure you review the MoneyLion Loans cons and pros before you decide.
Pros
- No prepayment penalty;
- Free credit monitoring;
- Reports your payments to the main bureaus;
- Membership perks: cash advance, investment accounts, etc.;
- Soft pull.
Cons
- Membership fee;
- APR can be high.
Minimum credit score
If you want to get a credit builder loan with MoneyLion Loans, then you won’t need to have a minimum credit score.
Want to apply for the MoneyLion Loans? We will help you!
Are you interested in a MoneyLion Loan? Then check out the post below to start your application process!
Apply for MoneyLion Loans: Easy Credit Builder
Stuck in credit limbo? Keep reading to learn how to apply for MoneyLion Loans to the rescue! NO hard inquiry!
Trending Topics
The easiest way to improve your credit score: a quick guide
Do you know how to improve your credit score? Follow these 5 simple steps and get on the path to a better credit history!
Keep Reading
Cheap flights on Kayak: night flights from $29.99!
Discover how to find Kayak cheap flights and get great deals to maximize your travel budget. Keep reading!
Keep Reading
Learn to apply easily for SpeedyNetLoan
Getting a loan online is easier and faster than you might think. Read this post to understand how to apply for a SpeedyNetLoan. Stay tuned!
Keep ReadingYou may also like
Transform Your Credit: Apply for Ally Platinum Mastercard® Now
Apply for the Ally Platinum Mastercard® to revive your credit score. Our step-by-step guide makes the application a breeze. Read on!
Keep Reading
Lazy investing for starters: 3 fund portfolio
Looking for a lazy investing portfolio? You need to check out the 3 fund portfolio strategy. It’s profitable, it’s simple and it’s proven.
Keep Reading
LoanPionner review: how does it work and is it good?
Get the info you need to access up to $5,000! Read this LoanPionner review and find out how to do it. Keep reading!
Keep Reading