MO
MoneyLion
View company profile →
Money Sharks lurking in their platform pool
Geez, so MoneyLion is behind ENGINE, a platform for borrowers to meet lenders. So, I submitted my request, gave my bank details, my socia security number, bank info, and where I work. The website, quickly made a contract and all i had to do was click the box with e-signature. Of course, I didn't because the amount offered was less than 10% of what I requested. The loan company was MaxLend, and they were expecting me to sign a 704% interest rate. Yes, SEVEN HUNDRED FOUR PERCENT interest rate. with payment of $300+ for every biweekly pay period. The loan amount was for $1050. The payback was $5,000+. How could this platform allow this finance company onto their platform.