What credit score is needed for a MoneyLion loan?

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Answer 1 · 2020-10-23 02:53:00

Sydney Garth, Credit Cards Moderator

@sydneygarth • 10/23/20 This answer was first published on 10/23/20. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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.

Answer 2 · 2021-05-22 02:54:29

Karen, Member

@floresk2 • 05/22/21 This answer was first published on 05/22/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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.

Answer 3 · 2021-03-07 08:47:57

Amy Briggs, Member

@abriggs4544 • 03/07/21 This answer was first published on 03/07/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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No credit requirement, I have horrible credit and they still give me advance. Put food on my table and helped me with me bills when no one else would

Answer 4 · 2020-11-17 14:58:59

MoneyLion, Financial Company

@MoneyLion • 11/17/20 This answer was first published on 11/17/20. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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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.

What credit score is needed for a MoneyLion loan?

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