MoneyLion
MoneyLion May Have Misled Borrowers With “0% APR” Promises
AT A GLANCE:
AT A GLANCE:
WHO?
Consumers across the U.S. who used MoneyLion’s Instacash service for short-term advances.
WHAT?
MoneyLion marketed Instacash as “0% APR / no interest,” but in reality:
- Users were pushed into paying Turbo expedite fees.
- “Tips” functioned like hidden finance charges.
- Some borrowers experienced continued debits even after revoking authorization.
WHY DOES IT MATTER?
These practices may violate consumer protection and electronic fund transfer laws, and in some cases may amount to illegal lending practices.
What's Going On?
MoneyLion promotes Instacash as a fee-free, interest-free way to get cash quickly. But many users discovered the truth:
Turbo fees added for faster deposits.
Tips strongly encouraged, acting like disguised interest.
Unauthorized debits continuing after consumers tried to cancel.
When combined, these charges can make Instacash advances look less like “0% APR” and more like high-cost payday loans.
If you used MoneyLion Instacash, you may have a claim—no matter what state you live in.
FAQ'S
What can I do?
If you qualify, you can bring a claim through arbitration—a legal process similar to court but often faster and more streamlined. Our legal partners will handle the process on your behalf.
So, this isn’t a lawsuit?
Correct. These are individual arbitration claims, not a class action or traditional lawsuit. It’s a common way to hold companies accountable when they’ve violated privacy or consumer protection laws.
What does this cost?
There are no upfront costs to you. Legal fees are only collected if your case is won or settled.
Who am I signing up with?
We work with a number of established and respected law firms across the United States, all of whom work to secure compensation for people like you who may have had their privacy rights violated. This campaign is sponsored by Bryson Harris Suciu & DeMay PLLC.
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