Thinking about sprucing up your home with a few renovations? You might be filling your spare time with Pinterest and YouTube browsing the endless opportunities of what your home could be. Once you start adding up the cost of remodeling your home, a less than perfect credit score and low funds could cause a case of fixer-upper blues.
Not to worry! Your dreams of an HGTV style makeover isn’t a bust! We’re going to show you how to find a cash advance for home remodeling that’ll help power your home makeover.
MoneyLion renovation rescue
Advertisements for cash advances, payday loans, and credit cards are everywhere. While these might seem like a great way to get fast cash, you should consider other options that’ll keep interest rates low and repayment affordable.
MoneyLion is the ideal alternative source with a Credit Builder Loan and Instacash. Read on to find out more about how we can offer low-cost cash advances to fund your renovations.
Competitive interest rates
Unlike credit cards or traditional loan applications, a Credit Builder Loan from MoneyLion doesn’t rely on a high credit score for interest rates. Instead, we look at personal information and banking history including steady income stream, consistent deposits, and direct deposits. You won’t incur a hard credit pull, hefty fees, or lofty interest rates to borrow the funds you need.
Affordable way to payback
When you need to fix a leaky faucet or buy a new appliance, the last thing you want to worry about is paying too much in interest long term.
If you don’t qualify for a traditional loan from your bank or refinance your home, your options are slim. Often this is the time where people in tight situations would turn to predatory payday loans, which require repayment of the loan on your next payday. These terms could come with all sorts of fees and triple digits APRs.
In contrast, a Credit Builder Loan gives you 12 months of affordable payments at competitive interest rates. We’ll sync your pay cycle to your installment payment schedule for a manageable way to make timely repayment.
Our $19.99/month Credit Builder Plus membership fee gives you an all-access pass to credit monitoring and reporting, 0% APR cash advances, budget tools, and exclusive monthly Lion’s Share Loyalty Program rewards.
Same Day Funding
Apply for a Credit Builder Loan today and get up to $1000 with a portion of your funds deposited into your account the same day. This is perfect for when your DIY renovations need attention right now. The remaining funds are held for you in an interest-earning credit reserve account. Once you repay the loan in full, the remaining funds from your reserve account are released to you along with the interest earned.
Credit Boosting Opportunity
Increasing your credit score can be challenging if you can’t get approved for loans or credit cards. When you borrow a Credit Builder Loan your installment payments are reported to all 3 major credit bureaus and improve your credit rating over time.
As you pay down your loan you can monitor your credit progress and track your finances right in the MoneyLion mobile app. This is ideal if you’re renovating your space and plan to buy a new home in the future.
Access To Instacash
Did you underestimate your budget for a DIY renovation project? A perk of being a RoarMoney member is having Instacash advances in your back pocket. Get access to an additional $250 at 0% APR when you link your direct deposits to your RoarMoney account. If you need the funds now, pay the turbo fee and get the cash you need in real time without hidden fees.
Earn Lion’s Share Cashback
We encourage members to be active in their financial journey and by using your membership you’ll earn more. The more you use your membership, the to be eligible for a Lion’s Share payout, you must have a RoarMoney account, a MoneyLion Investment account, and be a Credit Builder Plus Member.
There are five tiers and your program tier is based on how many days you logged into the app and the amount of eligible $10+ purchases made with your MoneyLion Debit Mastercard or RoarMoney virtual card that month.
You must meet both requirements to receive that tiers payout. For example, you must log in every day during January 2021 and make at least twenty $10+ purchases to qualify for the platinum tier $19.99 Lion’s Share payout.
Your Lion’s share payment is deposited in your MoneyLion investment account within 5 business days of the month’s end, as long as your Credit Builder Plus membership and payments are in good standing.
MoneyLion Credit Builder Loan Assists In Home Renovation
Put your hard-earned money to work into a MoneyLion investment account and execute your future home renovations without sacrificing credit or your pocketbook.