Credit Builder Plus is our powerful credit-building membership, designed to help members build or repair their credit, create savings, establish financial literacy, and track their financial health.

Credit Builder Plus grants you access to a number of features, some of which are exclusive to Credit Builder Plus members. These include:

• Eligibility to apply for a Credit Builder Loan
• Exclusive video content designed to help you better understand your credit
• Exclusive MoneyLion Rewards missions, redeemable for cash
• Credit Monitoring with more frequent credit score updates
• Waived monthly fee on a MoneyLion Managed Investment Account
• Waived monthly fee on a RoarMoney℠ account

Credit Builder Loan is a secured installment loan that holds your money until you’ve finished paying back the loan. When you sign up for Credit Builder Loan, a small portion of your loan amount may be immediately disbursed to you as cash. As you make monthly payments, MoneyLion will report your payment history to the credit bureaus each month to help you boost your credit score. While you work on paying off the loan, the funds are held in a Credit Reserve Account, where your money is kept safe with a competitive interest rate.

Once you’ve paid off your Credit Builder Loan, you’ll receive the funds from your Credit Reserve Account to spend any way you want. You’ll also be eligible to apply for another Credit Builder Loan to continue on your credit-building journey.

Yes, MoneyLion reports your loan payment to all three major credit bureaus (TransUnion, Experian, and Equifax). Your loan payment history is reported to the credit bureaus the month after your Credit Builder Loan payment was due.