PA Borrower
Pittsburgh, PAMember since March 2017

Reviews (1)

    • Mar 24, 2017
    • Verified Reviewer


    600% interest rate for LionLoan made to PA customer

    Overall Experience:

    How can this company claim to help you get your finances in order when they provided a $1,000 loan at an interest rate of 600% (LionLoan) to a Pennsylvania resident where interest rates are capped at 25%? That is exactly what they did to me, and because of this, I am in the worst financial shape as the monthly payments are $540 a month for six months.

    I have begged them to forgive the loan now that I have paid them $1,500, but they refuse to do so. This company has ruined me financially.

    Bottom Line: No, I would not recommend this to a friend

    12 people found it helpful

    Link to this Review
    • Apr 9, 2017

      Company Response from MoneyLion, Inc.

      Thank you for your review. Our LionLoan product is meant to be a short-term loan that can be paid off anytime in full, without penalties, in order to avoid additional interest charges. We encourage all our customers to pay off their loans early. Feel free to contact us with any further concerns M-F 8:00a-9:00pm ET: 1-888-399-9770.

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