Start building your credit with a loan up to $1,000 that reports to all three credit bureaus, and enjoy weekly score updates!Join Now
Total monthly cost includes $19.99 Credit Builder Plus membership and a monthly loan payment.
Sign up for MoneyLion and apply for a Credit Builder Plus membership to access a credit builder loan up to $1,000 and more. No credit check!
You’ll receive some of your loan funds (up to the full amount) in your checking account immediately to spend on whatever you need.
Any remainder will be held in an interest-earning Credit Reserve Account in your name. You’ll get those funds too, as soon as you pay your loan in full. It’s a great way to save while you build credit!
Make payments on your loan, and we’ll report to all three credit bureaus to help you build your credit. Monthly cost: As low as $67.65 (includes loan payment + APR you qualify for + membership fee).
See your credit build as you establish positive payment history, with weekly score updates.
Your score improves when you have less negative marks or late payments.
Lenders and creditors like to see credit ages of at least 8 years.
Lenders like to see a credit usage under 30%.
Apply for accounts that require a hard credit inquiry within a month to minimize the credit score impact.
This membership is designed to help people build or rebuild credit, particularly those who do not have access to traditional financial products or are new to credit. It’s proven to build credit, with most members raising their credit by over 60 points within their first 60 days.
Credit Builder Plus is a powerful membership program that offers you:
You get all this for just $19.99 per month (plus your loan payments).
Applying is quick and easy in the MoneyLion app. Just link your primary checking account, and we’ll securely scan your finances to see if you qualify. While no credit check is required, you must link a checking account that meets the following criteria to be eligible:
Our system will review your linked account for healthy and responsible financial behavior and let you know if you’re approved for the Credit Builder Plus membership almost instantly. Remember, your credit builder loan funding is broken into two parts (funds you receive today, and funds you receive when you pay off the full loan amount). The healthier your finances, the more money you are likely to receive today.
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:
Credit Builder Plus membership costs $19.99/month plus your loan payment.
Your membership payment and any loan payments will be withdrawn on your pay dates to make payments easier. Here’s how the $19.99/month breaks down by pay schedule:
Also, Credit Builder Plus members can earn a Lion’s Share payout of $19.99 at month end by logging in every day and using their MoneyLion Debit Mastercard for 20 or more purchases of $10 or higher in a calendar month. It’s an easy way to earn your membership fee back!