Had a MoneyLion Loan?

You May Be Entitled To Up To $1,500

MoneyLion allegedly engaged in predatory lending practices. If you had a loan with MoneyLion, sign up in less than 2 minutes to find out if we can help you get up to $1,500 in compensation.

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Excessive Fees
MoneyLion allegedly charged higher interest on loans by disguising them as fees.
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Frequently Asked Questions

What is this case about?

MoneyLion may have violated consumer rights by charging annual interest rates much higher than the rates permitted under most state laws. MoneyLion advertised the Credit Builder Loan as having a 5.99% APR.  However, when membership fees and other required payments are included, MoneyLion’s rates are higher than allowed by federal and state laws. This could entitle you to relief, including up to $1,500 in compensation depending on the state where you live.

We are a private law firm helping individuals recover damages from these illegal banking practices through private arbitration. It is free to sign up and only takes a couple of minutes to apply. If successful, we could recover up to $1,500.

MoneyLion may have violated consumer rights by charging annual interest rates much higher than the rates permitted under most state laws. MoneyLion advertised the Credit Builder Loan as having a 5.99% APR.  However, when membership fees and other required payments are included, MoneyLion’s rates are higher than allowed by federal and state laws. This could entitle you to relief, including up to $1,500 in compensation depending on the state where you live.

We are a private law firm helping individuals recover damages from these illegal banking practices through private arbitration. It is free to sign up and only takes a couple of minutes to apply. If successful, we could recover up to $1,500.

If you were charged a monthly MoneyLion Plus membership fee and required to make monthly investment account payments in order to obtain a $500 or $1,000 Credit Builder Loan, you qualify. You can qualify if you paid off your loan in full during the life of the loan (typically 12 months) regardless of whether you paid off your loan early.

Yes, you need to have a MoneyLion account and have paid monthly MoneyLion Plus membership fees and investment account payments while paying off your $500 or $1,000 Credit Builder Loan.

Arbitration means that instead of having your claim or dispute heard by a judge or jury in court, it will be decided by a neutral arbitrator in a private forum. Arbitration is something the parties agree to, usually as part of a contract that they enter into at the beginning of their relationship. Many companies have arbitration provisions in contracts that they enter into with individual consumers, employees, small businesses, or investors. Arbitration is sometimes called “alternative dispute resolution,” “ADR” or “private dispute resolution.”

You claim will move forward in private arbitration.  Arbitration is a private, confidential dispute resolution process.  It is not a court case.  Your claim will be decided by an arbitrator, who is a neutral person chosen by you and the company. We can select an arbitrator for you who is fair and neutral.

No, this is not a class action lawsuit. Your individual arbitration claim will be decided on its own facts, which is why we ask for more information than is normally required when signing up for a class action settlement.

Many consumer agreements or services, like T-Mobile’s Terms and Conditions, have mandatory arbitration provisions in their agreements and/or terms of use, along with class action waivers. You probably signed these agreements, such as with banks and credit card companies, even if you’ve never seen them or do not remember. They are also found in many online click-through agreements, such as travel, shopping, gaming, or entertainment sites. These clauses not only require you to arbitrate your claim, but to do so individually.

Our fees will be a percentage of the settlement or recovery we obtain for you. That amount will depend on the rules in the state you live in. We only receive a fee if you win, and you will never owe us any money.

Most of the time, arbitration can be conducted either by telephone or through documents provided by you and the company.