Moneylion reviews of the products providedThe company is mostly specializing on mortgages for consolidation of debts, home improvements or any other individual financial purposes. It offers two types of personal loans:
- BetterCash. The service offers fast loans for those who need money as soon as possible without any charge fee in case of early repayment.
- Moneylion plus loans. The fee for this product costs $ 29 per month. However, with its help you can improve your credit rating, monitor the updates and manage account for free, as well as get into account $ 1 every day since registration in case of on-time payments.
Strengths and weaknesses of lenderDespite obvious benefits of being a member of the company, described above, it also has some weak points that must be considered by consumers before making a final decision. Positive sides:
- no service and overdraft fees;
- up to 12% cashback rewards;
- minimum balance is not needed;
- fast deposits;
- low credit score required;
- easy-to-use tools;
- chance to improve your credibility.
- fees in case late payments;
- not available to unemployed borrowers;
- payments for membership every month;
- starting with the small expenses.