Results 1 to 9 of 9

Thread: MoneyLion- Savings App that Loans you $500

  1. #1
    Featured Member Juliette25's Avatar
    Joined
    Mar 2010
    Posts
    1,856
    Thanks
    1,167
    Thanked 1,544 Times in 753 Posts

    Default MoneyLion- Savings App that Loans you $500

    Iím an early adopter of financial apps and I found this one called MoneyLion that I have a feeling a lot of the ladies/gents here could benefit from. Especially since you can borrow $500 from it even if you have bad credit. https://bnc.lt/E1yh/wlFNSzM75P

    Itís a combination of forced savings, rewards, and lending with a small membership fee but itís set up in a way that you can make up the entire small fee back every month into your investing account. The loan APR is also very low 5.99%. The ability to to borrow the loan is unlocked after 1 month of your plus membership and part of that membership goes into your investment account. Here are details from the site:

    -Apply for MoneyLion Plus and get a personalized investment plan and a $10 sign-up bonus.


    -You'll have access to a managed investment account, 5.99% APR loan, and $1 daily cashback instantly after enrollment.


    -We'll transfer $50/mo from your bank account to your Plus investment account, and you'll get an extra $1 cashback every day you log in to the app.


    -Your $29/mo membership fee, $50/mo investment, and any loan payments are split across your pay dates.


    -We think you'll love MoneyLion Plus. If not, cancel anytime after you've paid off any loans.

    I did a lot of pondering and research before I took the leap on the Plus myself and it just makes total sense to me because it makes you save and it gives you access to some extra cash that you may not have had access to before. Plus you can bring any free to $0 just by logging into the app and swiping through helpful tips daily. I would say that you definitely need to look at it as a investment and commitment though and not just a quick way to get $500.

    Thatís my referral link above so if you do happen to join we both get an additional $10 (so thatís $20 for you when you sign up).

    Since ive looked into it extensively I can probably answer most questions so feel free to ask and I hope it helps you gals and guys out.


    Last edited by Juliette25; 09-10-2018 at 06:52 AM.

  2. The Following 2 Users Say Thank You to Juliette25 For This Useful Post:


  3. #2
    Senior Member
    Joined
    Oct 2015
    Posts
    130
    Thanks
    503
    Thanked 150 Times in 67 Posts

    Default Re: MoneyLion- Savings App that Loans you $500

    Quote Originally Posted by Juliette25 View Post
    I’m an early adopter of financial apps and I found this one called MoneyLion that I have a feeling a lot of the ladies/gents here could benefit from. Especially since you can borrow $500 from it even if you have bad credit. https://bnc.lt/E1yh/wlFNSzM75P

    It’s a combination of forced savings, rewards, and lending with a small membership fee but it’s set up in a way that you can make up the entire small fee back every month into your investing account. The loan APR is also very low 5.99%. The ability to to borrow the loan is unlocked after 1 month of your plus membership and part of that membership goes into your investment account. Here are details from the site:

    [FONT="][FONT="]-Apply for MoneyLion Plus and get a personalized investment plan and a $10 sign-up bonus.[/FONT][/FONT]
    [FONT="][FONT="][/FONT]
    [/FONT]

    [FONT="][FONT="]-You'll have access to a managed investment account, 5.99% APR loan, and $1 daily cashback instantly after enrollment.[/FONT][/FONT]
    [FONT="][FONT="][/FONT]
    [/FONT]

    [FONT="][FONT="]-We'll transfer $50/mo from your bank account to your Plus investment account, and you'll get an extra $1 cashback every day you log in to the app.[/FONT][/FONT]
    [FONT="][FONT="][/FONT]
    [/FONT]

    [FONT="][FONT="]-Your $29/mo membership fee, $50/mo investment, and any loan payments are split across your pay dates.[/FONT][/FONT]
    [FONT="][FONT="][/FONT]
    [/FONT]

    [FONT="][FONT="]-We think you'll love MoneyLion Plus. If not, cancel anytime after you've paid off any loans.[/FONT][/FONT]
    [FONT="]
    I did a lot of pondering and research before I took the leap on the Plus myself and it just makes total sense to me because it makes you save and it gives you access to some extra cash that you may not have had access to before. Plus you can bring any free to $0 just by logging into the app and swiping through helpful tips daily. I would say that you definitely need to look at it as a investment and commitment though and not just a quick way to get $500.

    That’s my referral link above so if you do happen to join we both get an additional $10 (so that’s $20 for you when you sign up).

    Since ive looked into it extensively I can probably answer most questions so feel free to ask and I hope it helps you gals and guys out.
    [/FONT]


    Have you been with them long? I always take the time to research and investigate for myself but I do like to hear of personal experiences.

  4. #3
    Featured Member Juliette25's Avatar
    Joined
    Mar 2010
    Posts
    1,856
    Thanks
    1,167
    Thanked 1,544 Times in 753 Posts

    Default Re: MoneyLion- Savings App that Loans you $500

    Quote Originally Posted by KiaraK View Post
    Have you been with them long? I always take the time to research and investigate for myself but I do like to hear of personal experiences.
    Yes I’m on my third week now and my weekly payments have been fine. I’ve been getting the $1 per day cash back invested into my investment account just for swiping the the cards in the app daily. I’ve got $52 saved already between the cash back, sign up bonus, and what I’ve invested and I’ve seen about a -.3% return right now (fluctuates). I’ve spoke with customer service a couple of times and they’re easy to work with. I haven’t borrowed the loan yet so I have no experience from that yet. My boyfriend just signed up today.

  5. The Following User Says Thank You to Juliette25 For This Useful Post:


  6. #4
    Veteran Member MiraMichele's Avatar
    Joined
    Dec 2012
    Posts
    657
    Thanks
    380
    Thanked 885 Times in 368 Posts

    Default Re: MoneyLion- Savings App that Loans you $500

    Thanks for sharing this. I did some research on this and this looks like something that will definitely benefit me. I like that it seems to force you to save which I could use for sure, I am horrible with saving money. Also I have a very low credit score and have been slowly trying to build my credit up and this could really help me with that too. I am not quite ready to sign up yet, I have had a slow work month but as long as I do well this month this is something I think I am going to put the money into and sign up. I will be sure to go through your referral link if I do decide to sign up.

  7. #5
    Featured Member Juliette25's Avatar
    Joined
    Mar 2010
    Posts
    1,856
    Thanks
    1,167
    Thanked 1,544 Times in 753 Posts

    Default Re: MoneyLion- Savings App that Loans you $500

    Quote Originally Posted by MiraMichele View Post
    Thanks for sharing this. I did some research on this and this looks like something that will definitely benefit me. I like that it seems to force you to save which I could use for sure, I am horrible with saving money. Also I have a very low credit score and have been slowly trying to build my credit up and this could really help me with that too. I am not quite ready to sign up yet, I have had a slow work month but as long as I do well this month this is something I think I am going to put the money into and sign up. I will be sure to go through your referral link if I do decide to sign up.
    Awesome I’m happy to share and thanks for being willing to use my link

  8. The Following User Says Thank You to Juliette25 For This Useful Post:


  9. #6
    Featured Member Juliette25's Avatar
    Joined
    Mar 2010
    Posts
    1,856
    Thanks
    1,167
    Thanked 1,544 Times in 753 Posts

    Default Re: MoneyLion- Savings App that Loans you $500

    There’s also zero fee checking through MoneyLion that you get access to through the app which also offers 0% APR Cash advances. I’m not participating in this yet do no personal feedback but I am a fan of these online checking accounts popping up that don’t kill you with overdraft and other fees.

    I did get my first $500 loan last week and it was sent to my account really quickly. No problems there.

  10. The Following User Says Thank You to Juliette25 For This Useful Post:


  11. #7
    God/dess laurielegs's Avatar
    Joined
    May 2010
    Location
    USA, northeast
    Posts
    5,515
    Thanks
    18,481
    Thanked 12,192 Times in 3,677 Posts

    Default Re: MoneyLion- Savings App that Loans you $500

    Quote Originally Posted by Juliette25 View Post
    There’s also zero fee checking through MoneyLion that you get access to through the app which also offers 0% APR Cash advances. I’m not participating in this yet do no personal feedback but I am a fan of these online checking accounts popping up that don’t kill you with overdraft and other fees.

    I did get my first $500 loan last week and it was sent to my account really quickly. No problems there.
    I use the checking account but they won't allow you to participate in the $250 cash advance unless you have a regular job with direct deposit. Commissions or webcam work with direct deposit won't qualify - they want a guaranteed amount of pay direct deposited of at least $250/ week from a regular job unfortunately.



  12. The Following User Says Thank You to laurielegs For This Useful Post:


  13. #8
    Featured Member Juliette25's Avatar
    Joined
    Mar 2010
    Posts
    1,856
    Thanks
    1,167
    Thanked 1,544 Times in 753 Posts

    Default Re: MoneyLion- Savings App that Loans you $500

    Quote Originally Posted by laurielegs View Post
    I use the checking account but they won't allow you to participate in the $250 cash advance unless you have a regular job with direct deposit. Commissions or webcam work with direct deposit won't qualify - they want a guaranteed amount of pay direct deposited of at least $250/ week from a regular job unfortunately.
    Makes sense.

  14. #9
    Featured Member Juliette25's Avatar
    Joined
    Mar 2010
    Posts
    1,856
    Thanks
    1,167
    Thanked 1,544 Times in 753 Posts

    Default Re: MoneyLion- Savings App that Loans you $500

    There’s actually another app that I use for cash advances without issue called Dave. Mark Cuban owns it or is one of the investors or something.
    Last edited by Juliette25; 10-15-2018 at 04:47 AM.

  15. The Following 2 Users Say Thank You to Juliette25 For This Useful Post:


Similar Threads

  1. Stretch Mark Help
    By Electrum in forum Body Business
    Replies: 18
    Last Post: 05-01-2013, 02:32 PM
  2. Christmas Loans/Short term loans
    By PrincessJenny in forum Camming Connection
    Replies: 60
    Last Post: 01-23-2012, 01:16 AM
  3. Hmmm advice? Regarding savings, IRAs, and student loans
    By lilymiaomiao in forum Dollar Den
    Replies: 23
    Last Post: 04-13-2009, 04:54 PM
  4. Replies: 2
    Last Post: 11-30-2007, 01:02 PM
  5. 500 Euro Bill as a Savings Tool
    By 242_fair in forum Dollar Den
    Replies: 33
    Last Post: 07-24-2007, 01:29 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •