What is the Credit Builder Plus (CB+) Program?

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! Most members improve their credit score by an average of 60 points within the first 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 at least $50 per direct deposit 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 for just $19.99 per month (plus your loan payments if you take out a Credit Builder loan).

* Credit score improvement is not guaranteed. Credit scores are independently determined by credit bureaus. Data was sourced from credit score data from over 29,000 Credit Builder Plus members with an active loan between August 7, 2019, and April 21, 2020. MoneyLion is not a Credit Services Organization. Credit Builder Plus is an optional service offered by MoneyLion.

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