There is no minimum credit score needed for a MoneyLion loan. That's because MoneyLion does not do a credit creck at all, which means even people with bad credit or no credit can qualify. However, there may be more worthwhile alternative lenders for you to consider.
When you sign up with moneylion online banking they do not check your credit score as the loan is part of the online banking company to help you increase your credit score they also have instacash which if you pay back the Insta Cash Loan on time it is likely that they will review how many payments you made on time and they can even increase the amount of money you can get through the instacash portion of the app.
Great question! There’s no credit check, so even if you have bad credit or no credit, you can qualify for a loan up to $1,000 with our Credit Builder Plus membership.
Credit Builder Plus helps you build or rebuild your credit (even if you are new to credit) by reporting your loan payments to all three credit bureaus. Most members improve their credit score by an average of 60 points within the first 60 days! The membership also includes credit monitoring, rewards, and more.
If you have more questions, feel free to chat with us in the MoneyLion mobile app. You can access our chat on the home screen of the MoneyLion app or on the bottom right of the MoneyLion web dashboard on your computer.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by a WalletHub user.
Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.