MoneyLion Predatory Lending Class Action Reaches Settlement

MoneyLion has truly stolen thousands of dollars from my “RoarAccount.” As I have been reading these other comments I am finally feeling a little relief knowing that other individuals have experienced the same thing. The individuals across seas that you deal with are tremendously negligent! They lie, lie, lie, and then lie more. I have repeatedly told them that my “roundups” and “shakenbakes,” have never reached my account but they have shown deposited. Furthermore, I had an initial MoneyLion loan of $300 that was repaid. I then received another credit builder loan for $1,000, in which I only received $300 of the funds. I was not even two months late, I then made a lump sum payment to catch the loan up. Two days later I see the loan was marked as “failed to pay, or written off,” on my credit report. It dropped my credit score over 60 points. No one in their company, which apparently located in the Philippians has once had an answer. It’s truly unbelievable. Furthermore, I have thousands of dollars of charges that are from “spoofed” companies. Meaning it looks like the authentic but it is something completely different. I knew this was happening but I couldn’t verify it until I got an authentic VPN. These people are true criminals! Like everyone else I cannot cancel my account as it is saying I owe a membership fee. Interestingly enough, they have pulled that fee over 3 times a month from an alternative bank account. Ya all truly unbelievable. I pray for justice and truth to prevail.

I have been a client of Money Lion since December 2020 and yes the fees are extreme but I dealt with it because times were tough and they were there. BUT my experience with them recently has not been a good one.
**Money Lion was over paid back in April on my “credit builder” plus loan and yes, they returned the overpayment but THEN turned around and falsely reported me to the credit bureaus as a settlement/paid less the balance owed. I’ve never been late, always paid on time and paid 100% what was owed to them. Their false negative reporting caused my score to drop over 50 points and has now cost me. I have spoken with costumer service, sent emails and disputed with the bureaus. I hope this gets resolved quickly. I also have been trying to cancel my membership with them because I don’t want to do business with them anymore. Yet they’re still taking their fees out of my account twice a month. . Beyond Frustrated with Money Lion at this point.

They never let me cancel my membership until I finished paying the loan which i defaulted on . And in the meantime kept charging me $18.40 (9.20 every 2 weeks) a month on top of the loan payment in default. I had to manually stop the ACH payments from my bank account and I have no idea where I stand with the defaulted loan. I want to sue them back for all the predatory fees and interest. I hate them with a bloody passion.

I was paying the loan and membership fees. Was not able to cancel, at anytime. Also when the loan is complete. They say you can get another Lon anytime as a member no questions. But they deny. After them literally stealing my funds earned in investments I refused to place any money back into the account.

They never let me cancel my membership until I finished paying the loan. And in the meantime kept charging me $20 a month on top of the loan payment.

I've been with moneylion for about five years right they have me paying a loan back without even giving me any of the money

I want to sue MoneyLion for the bull rap fees ect over the years since I have been a customer of theirs.

Just need to know if my status and account info or life info is okay this make total sense letting people also only use 100 dollars out of 500 for a loan until you pay back that full amount bullshit especially sense I could use that money right now

I'm looking to file a class action lawsuit against moneylion Inc moneyline has took out a loan on my behalf I have contacted moneylion on several attempts regarding disputing a transaction money line was very racial and denied my claim in 2 hours of reporting my claim