Life happens on life's terms. And all of a sudden you need some extra money to pay for it.

What are your options if you have an emergency expense but don't have enough money?

Let's say your car needs new brakes, you're facing a high medical bill or something totally unexpected comes up, chances are you'll need money right then and there to pay for it. And if you’re like 47%* of Americans today, coming up with $400 at the last minute can be hard - if not downright impossible.

In a pinch, many people will consider borrowing money from family members and friends to pay for an unexpected, yet necessary, expense. Or they unfortunately think about selling something that's not just financially valuable but also holds sentimental value for them, too.

But there is a much better way for people to get the money they need, when they need it.

It's as easy as 1-2-3. At MoneyLion, we offer personal loans in addition to free tracking tools for your spending, savings and credit. Recently, we launched a new feature where you can pre-qualify for a loan in less than 15 seconds. You don’t need to stand in line at a bank and wait for days or even weeks to get approved and funded. All you need is your MoneyLion app, a driver’s license, and a bank account to get started.

What does pre-qualification mean? We do an initial assessment of your loan application to let you know whether you’ll likely be approved and for what amount, rate and term. We do what’s called a ‘soft pull’ on your credit which does NOT impact your credit score, unlike a ‘hard pull.’ Once you see what you’re pre-qualified for, you can then decide whether or not to complete the loan application. In short, getting pre-qualified is easy and worry-free.

Just open the app and scan. It's that simple. All you have to do is scan the back of your driver’s license, confirm the last 4 digits of your social security number (so we can verify your identity) and create an account to get pre-qualified in seconds.

Pre-qualify for a loan in less than 15 seconds

Get money as soon as same business day. In some cases, you can even get funds directly deposited into your bank account that very same day. In most instances, it’s within one business day. It’s fast, it’s easy, it’s private - and it can all be done right from your phone.

Interested in giving it a try? Download or launch our new app today and then click on the "What's My Borrowing Power?" link on the main screen (before you log in).












We all want to be prepared for unexpected financial challenges that come up. And one of the best ways to do that is to learn how to save for that proverbial rainy day. When you’re empowered with information about your personal daily spending, savings and credit habits, you can become more savvy about future actions that can help you improve.

The MoneyLion app has new features that do just that. You’ll be able to see when a bill is coming, when you may be short on funds or when your credit score changes. The app lets you take greater control of your financial health so you’re ready to face what’s coming and plan better.

How can you be more prepared for the future? The good news is that we have some solid strategies that can really help you improve and build your finances and credit over time. And our app is now full of smart and personalized features to guide you on your financial journey. Even if you haven’t saved anything for retirement yet, it’s never too late to start making better decisions about your money.

Small changes, made consistently, can make a big difference.

* https://www.federalreserve.gov/2015-report-economic-well-being-us-households-201605.pdf