Is MoneyLion Legit? MoneyLion is a financial services platform that provides budgeting, savings, and credit building products to its customers. But, with the rise of online scams, it’s natural to be skeptical of the legitimacy of any new financial service. In this article, we’ll answer the question “Is MoneyLion legit?” We’ll look at the company’s history, what services it offers, customer reviews, and more.
Overview of MoneyLion
MoneyLion is a financial services platform that was founded in 2013. The company is headquartered in New York City and provides budgeting, savings, and credit building products to its customers. MoneyLion seeks to provide people with access to financial services that are not typically available in traditional banks. MoneyLion is a member of the Financial Industry Regulatory Authority (FINRA) and is a registered member of the National Credit Union Administration (NCUA) Is MoneyLion Legit?
Services Offered by MoneyLion
MoneyLion offers a wide range of services to its customers. The company offers budgeting tools to help customers track their spending and manage their finances. MoneyLion also provides savings accounts with competitive interest rates and a credit building program to help customers increase their credit scores. Additionally, MoneyLion offers a rewards program and a 0% APR loan that can be used for emergency expenses Is MoneyLion Legit?
Customer Reviews of MoneyLion
Customer reviews of MoneyLion are generally positive. The company has an “Excellent” rating on Trustpilot, with customers praising the company’s customer service, easy-to-use app, and competitive rates. Many customers also note that MoneyLion has helped them improve their credit scores Is MoneyLion Legit?
What Services Does MoneyLion Offer?
MoneyLion offers a wide range of services to their customers, including credit monitoring, personal loans, debt consolidation, and more. They also offer a variety of products such as prepaid cards, digital banking, and investment products. MoneyLion offers its customers a variety of tools and resources to help them manage their finances and achieve their financial goals Is MoneyLion Legit?
MoneyLion is a legitimate financial services company that provides its customers with a variety of services and products. MoneyLion is regulated by FINRA, which ensures that they are compliant with all applicable laws and regulations. Additionally, MoneyLion is a member of the Better Business Bureau (BBB) and has an A+ rating. MoneyLion also has a strong security system in place to protect their customers’ data and financial information Is MoneyLion Legit?
Pros and Cons of Using MoneyLion
The pros of using MoneyLion include the fact that they are a legitimate financial services company that is regulated by FINRA and have an A+ rating with the BBB. Additionally, MoneyLion offers a wide range of services and products that can help customers manage their finances and reach their financial goals. The cons of using MoneyLion include the fact that their fees can be a bit high and their customer service may not be as responsive as some other financial services companies Is MoneyLion Legit?
Conclusion
In conclusion, MoneyLion is a legitimate financial services company that offers a variety of services and products to their customers. They are regulated by FINRA and have an A+ rating with the BBB. MoneyLion offers a wide range of services and products that can help customers manage their finances and reach their financial goals.
However, their fees can be a bit high and their customer service may not be as responsive as some other financial services companies.
Overall, MoneyLion is a legitimate financial services company. The company has a solid track record, is regulated by the FINRA and NCUA, and offers a wide range of services. Additionally, customers are generally satisfied with the company’s services. If you’re looking for a financial services provider, MoneyLion is a good option.