DO NOT USE!
DO NOT USE!
Do not use MoneyLion to rebuild your credit.
1 - They're not even reporting my payments to any credit agency. I've seen no change in scores, and I've checked my reports, they are not reporting.
2 - I called them to have my bank account information changed so they could take the usual monthly payment. I was assured over the phone the upcoming payment would be removed from the new account. Instead they took it from wrong account and overdrafted my account.
When I contacted them I was told that it takes 2 -3 days for those changes to go through and because of that, they weren't going to credit me the NSF.
When I explained that the rep I spoke to AND the documentation on their website did not indicate this, they thanked me for the feedback and still refused to credit the NSF fee. I'm now out $70 in the middle of a pandemic when money is incredibly tight because of a lack of communication. Beyond furious.
3 - Their $20 membership fee is BS and pretty much a money grab. There is nothing inside of the moneylion app that will help you that you can't get from a site like WalletHub or Credit Karma.
So to recap the credit building is a lie. Membership fees are a scam. They're are greedy as hell and refuse to simply do the right hing based on a mistake THEY MADE.
If you need quick cash use an app like DAVE. Dave is wonderful! Moneylion is a joke.I was in a desperate situation and needed the cash and I regret this deeply. Don't make my mistake, DO NOT USE MONEYLION.
