Build Credit History While You Borrow

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.

Building Credit Is Easier Than You Think

Step 1

Open & Borrow

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!

Step 2

Access Some Now & Some Later

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!

Step 3

Pay Monthly, On Time

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).

Step 4

Watch Your Credit Build

See your credit build as you establish positive payment history, with weekly score updates.

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

Borrow While You Build Credit

Frequently Asked Questions

How does the Credit Builder Plus loan work?

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:

  • Credit builder loan: The opportunity to take out competitive rate installment loans up to $1,000 as soon as you qualify and depending on your finances (you simply link your checking account, and we’ll securely scan it for a few financial factors such as income to see what you qualify for). You will receive part of your loan today, disbursed into an account of your choosing, and the remainder will be saved for you in a Credit Reserve Account in your name and disbursed to you after you repay of the entire loan amount.  This enables you to build credit through positive payment history (if you make your payments on time) while you save money.
  • Credit building and reporting: We will report your payments to the three main credit bureaus – Experian, TransUnion, and Equifax – to help you build credit, and you can monitor your credit score and key credit factors like your credit utilization in the MoneyLion app.
  • Cash advances: Your membership includes access to 0% APR Instacash advances up to $50 per pay period any time day or night.
  • Rewards: Members get exclusive monthly Lion’s Share Loyalty Program rewards, with payouts up to $19.99 per month.

You get all this for just $19.99 per month (plus your loan payments).


How do I qualify for a Credit Builder Plus membership?

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:

  • The account is in good standing (at MoneyLion’s discretion) and has a detectable income stream (i.e., it’s where you deposit your paychecks/salary/benefits checks).
  • The account has been open for at least 60 days.
  • The account demonstrates an acceptable balance and active transaction history (at MoneyLion’s discretion).

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:

  • Connect a checking account. Any account that cannot be confirmed as a checking account, such as a savings or money market account, will not qualify.
  • Enter your information as it appears on your checking account. We’ll check the information you enter against the details we receive from your linked account to make sure they match.
  • Make sure your information matches your public records. We’ll also check the information you enter against electronic public records. If you suspect that your public records are incorrect, contact us with supporting documents such as a bank statement matching a utility bill and we may be able to manually verify your identity.


How much does a Credit Builder Plus cost?

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:

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

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!

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