Our former MoneyLion Plus membership was replaced by Credit Builder Plus. After you pay off your last MoneyLion Plus loan, you will encounter the new Credit Builder Plus terms when you request your next loan. This means that your loan offer could be the same, higher, or lower than before.
Also, some of your loan will be disbursed to your checking account immediately, and some may be held in a Credit Reserve Account in your name until you’ve paid off your loan. Learn more here. This helps you save while build credit!
Once you pay off your loan, you’ll get the money from your Credit Reserve Account. And, even better, you’ll likely get more money disbursed to your checking account and less held in reserves on your next Credit Builder Plus loan. All the more incentive to accept your loan, get cash, and start building credit!