Get funds while you save and build credit.

Whether you need to establish a credit history or rebuild your credit, Credit Builder Plus helps you build credit while you save — with no hard credit check.1 And unlike other credit building programs, Credit Builder Plus gives you access to a portion of your loan funds right away.

Build my credit today

Total monthly cost includes $19.99 Credit Builder Plus membership and a periodic loan payment.

It’s proven to build credit!

More than half our members raise their score by 27 points within 60 days.2

its proven

Take control of building your credit.

Credit affects so many areas of your life — from loans to insurance to housing — so establishing a good score is
essential. And Credit Builder Plus app makes it easy!

It all starts with payment history, the top driver of your credit score.4 Credit Builder Plus includes a loan that helps you establish 12 months of payment history with all three credit bureaus. You’ll also get 24/7 credit monitoring to track your progress.

Access a portion of your loan funds right away.

And while most credit builder loans don’t give you any of your funds up front, we’ll give you a portion of your loan funds right away and access to 0% APR cash advances.

With us, you can cover today’s expenses while you build credit and save. All with no hard credit check.1 Instead, we will conduct a soft credit pull that will have no impact to your credit score.

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5 stars
Awesome finance app!

MoneyLion is not only a really convenient and easy to use app, but it also helps you boost your credit score as long as you keep up on-time payments! How great is that?! See what they do is give you a $1,000 loan, but only make a portion of that loan available to you, that way, once you’re done making your on-time payments, you can have the rest of the cash to spend however you’d like PLUS a credit score boost! WIN-WIN!!!

– Ciara

How the Credit Builder loan works.

Here’s an explanation of how our credit builder loan helps you get some money for today while building credit and savings for tomorrow:

step 1


Apply for a loan up to $1,000 with no hard credit check.

Get a competitive rate loan and receive a portion of your funds up front, with the rest saved for you in a Credit Reserve Account.


Pay off your loan over 12 months.

Set up automatic loan repayments timed to your pay cycle for easy, manageable payments.

pay off your loan 1

build credit history 1


Build credit history with each on-time payment.

Get your on-time payments reported to all three credit bureaus each month to help you boost your credit score.


Unlock your savings
after building credit.

Receive the funds from your Credit Reserve Account to spend however you want after you pay off your full loan amount!5

unlock your savings 2

Track your credit while you build.

We'll check your top four credit score factors on a weekly basis and send you updates on how you're doing.

  • Positive payment history
  • Credit age
  • Credit utilization
  • Credit inquiries
100 %
Positive payment history

Your score improves when you have less negative marks or late payments.

20 Years
Credit age

Lenders and creditors like to see credit ages of at least 8 years.

100 %
Credit utilization

Lenders like to see a credit usage under 30%.

20 Inquiries
Credit inquiries

Apply for accounts that require a hard credit inquiry within a month to minimize the credit score impact.

A Your Grade
A Your Grade
F Your Grade
F Your Grade

Start building your credit today.

Apply for Credit Builder Plus now to unlock a powerful membership and get a personalized credit builder loan offer up to $1,000.

Build my credit today

Credit Climber Spotlight

Restore your credit score.

Great APP

"I like this app. It has a great credit builder. I’ve seen my score increase already. It’s also the best app for loan advances."

Leticia O
Ten stars

"If you need to rebuild your credit or need fast cash for bills. I suggest MoneyLion. When you have bad credit you feel like your stuck in this black hole and can’t get out. MoneyLion gives you an opportunity to save invest and build your credit all in one place. I would give 10⭐️✨✨?? Stars if I could!"

Great service.

"Great service.. fast and service.. instant money when you need it not like other apps that make you wait after you pay them back like a few days till they let you again.. thank you and I plan on keeping this great bank and also the loan program is awesome build my credit and get money when other have said no."


"Never seen anything similar to it. Helps build your credit. Gives you a bump in pay on payday. Once paid back up can instantly borrow again. Love it."

Precious Turner
It was pretty good to get a little in…

"It was pretty good to get a little in the beginning and then pay and get a lump sum at the end. I’m on my last payment so we’ll see how getting my money back goes but with everything else I’ve dealt with with Moneylion, I’m confident there will be no issue with that either. I recommend them for people who need to build a little credit."


"No hidden fees, straight forward, Easy system for repayment and requests. Even gave me a credit builder loan when no one else would so I really like them so far"

Your great service has helped me and…

"Your great service has helped me and saved my credit unbelievably. I was able to pay an unexpected payment due to your wonderful service. I love you ! And thank you so VERY MUCH..... PATRICIA BUGARIN"

MoneyLion is a very helpful app.

"I’ve done the credit builder loan twice and it’s super easy and it helped raise my credit score. Granted it takes a full year to pay the loan back but it’s such a low payment I never notice the payment that is automatically withdrawn from my checking account every Friday. The Instacash option is a helpful feature as well if you a little extra cash before payday! "


Frequently Asked Questions

What is the Credit Builder Plus membership?

Credit Builder Plus is MoneyLion’s program to help you build or rebuild credit even if you are new to credit or have typically been unable to access traditional financial products. And it’s proven to build your credit! More than half our members raise their score by 27 points within 60 days.*

This powerful membership costs $19.99/month and includes several features and benefits:

  • Credit builder loan: As a member, you have access to competitive-rate installment loans up to $1,000 that help you build credit through positive payment history and save money:
    • You receive a portion of your loan funds right away, disbursed into an account of your choosing.
    • The remainder of your loan amount is held in a Credit Reserve Account in your name and given to you after you make your final loan payment.  The amount of the loan held in the Credit Reserve Account is based on a variety of risk-based factors, including financial information you provide to us.
    • Once you’ve paid your loan in full, the remaining loan amount that was held in your Credit Reserve Account will be released to you.  Please note, your funds will typically arrive 10-14 days after your final loan payment is initiated, depending on the payout method you selected.
  • Monthly reporting the three major Credit Bureaus. Each month, we report your payment history to the three main credit bureaus – Experian, TransUnion, and Equifax. Remember, on time payment history is key to building good credit.
  • Credit monitoring tools: You can monitor your credit score and key credit factors like your credit utilization in the MoneyLion app, and your information is updated weekly.
  • 0% APR Cash advances: Your membership includes access to Instacash advances of up to $300 per period.
  • Rewards: Members get exclusive monthly Lion’s Share Loyalty Program rewards, with payouts up to $19.99 per month. Click for more information on Lion’s Share.

You get all this and more for only $19.99 a month (plus your loan payment), and your $1 monthly admin fee for RoarMoney and Investment will be reimbursed.

*Credit score improvement is not guaranteed. A soft credit pull will be conducted that has no impact to your credit score. Credit scores are independently determined by credit bureaus. Data was sourced from credit score data from over 147,500 Credit Builder Plus members with an active loan between January 1, 2020, and March 15, 2023. Credit score improvement is not guaranteed. Credit scores are independently determined by credit bureaus. MoneyLion is not a Credit Services Organization. Credit Builder Plus is an optional service offered by MoneyLion.

How do I qualify for the Credit Builder Plus membership?

Applying is quick and easy in the MoneyLion app.  To apply, you must:

  • Be at least 18 years old
  • Be a US citizen or permanent resident
  • Have a Social Security number
  • Have a bank account, debit card or prepaid card (so you can make payments)

To apply we will conduct a soft credit pull that will not affect your credit score. You don’t need good credit to be eligible. You can even apply if you don’t have any credit history at all.

To get started, just link your primary checking account, and we’ll securely scan your finances to see if you qualify. The account you link must meet the following criteria:

  • A checking or spending account in good standing (at MoneyLion’s discretion) with a detectable income stream (i.e. it’s where you deposit your paychecks/salary/benefits checks). Savings and money market accounts will not qualify.
  • The account has been open for at least 60 days.
  • The account demonstrates an acceptable balance and active transaction history (at MoneyLion’s discretion).

You can apply directly in the MoneyLion app and we’ll let you know if you’re approved for the Credit Builder Plus membership almost instantly.

If your account doesn’t qualify, please try again when it has been open longer and/or had more consistent deposits and positive balance — or try connecting another checking account!

Here are a few more tips on qualifying for Credit Builder Plus:

  • Enter your personal information exactly as it appears on your linked checking account as all details must match.
  • Make sure your personal information such as name, address etc, matches public records. If we are unable to confirm the information you provide against public records  you may be rejected for a CB+ loan.  In some cases, we may require you to provide  additional supporting documents such as proof of identity or proof of address, a bank statement and/or utility bill so that we can manually verify your identity.
What is the Credit Reserve Account?

Based on your financial history as detected in the checking account you linked when applying for Credit Builder Plus, we’ll split your loan funding into two parts:

  1. Money that you’ll get right away
  2. Money that we’ll save for you in a Credit Reserve Account while you pay off your loan

By holding some funds in the Credit Reserve Account, we are able to give you the opportunity to build your credit with consistent payments over the 12-month term of the loan.

The Credit Reserve Account will be in your name, and you’ll be able to see it in the “Finances” tab of the MoneyLion app. Think of it like instant savings! When you pay off your full loan amount, it may take up to 10-14 days to get the money from your Credit Reserve Account distributed to you after you have initiated your final payment. 

If you have an active RoarMoney account and debit card, we’ll disburse the funds to that account. If not, we’ll disburse the funds to your external checking account that you use for your loan payments.

Your Credit Reserve Account is an account maintained by MoneyLion’s SEC-registered investment adviser, ML Wealth, LLC, and held by Drivewealth LLC, member SIPC and FINRA. The funds in this account will be placed into money market and/or cash sweep vehicles and may generate interest at prevailing market rates.

You will not be able to access the funds in your Credit Reserve Account until you have paid off your Credit Builder Plus loan. You may use it to pay off your loan in full, if you choose. Learn more here.

The Credit Reserve Account is not a transaction or trading account. If you default on your loan, your Credit Reserve Account may be liquidated to partially or fully pay off what you owe.

How much does Credit Builder Plus cost?

The Credit Builder Plus membership costs $19.99/month. We will schedule your  membership fees and loan payment due dates to align with your paycheck frequency to make payments easier.

For example, here’s how the $19.99/month membership payment breaks down by pay schedule:

  • Weekly membership payment: $4.60
  • Biweekly membership payment: $9.20
  • Semi-monthly membership payment: $9.99
  • Monthly membership payment: $19.99

To view your membership payment schedule click into your Profile menu in the top left corner of the app and navigate to the Membership page.

Your loan payment will be collected as a separate transaction and will include both the principal payment and interest due.  Your loan payment schedule can be found by clicking on the “Loans” tab in your app and then selecting “Payment Schedule”.  

Remember, Credit Builder Plus members can earn a Lion’s Share payout of up to $19.99 at month end by logging into the MoneyLion app every day and using their RoarMoney Debit Mastercard for 20 or more purchases of $10 or higher in a calendar month. Learn more here.

Have More Questions?

Read full FAQ