Back in 2023-2024 I had some steep issues with spending. I used MoneyLion for a credit builder loan, as well as their cash advance services.
In 2025 I got my shit together and paid off all debts, closed accounts with MoneyLion, Dave, Albert, etc.
Now getting emails from MoneyLion saying I owe a debt for a credit builder loan, and they won’t send me the loan agreement. I cannot log into my account as it has been closed and they state that it cannot be re opened.
The only thing they told me they can offer is for me to look at the emailed agreement sent July 2023.. this doesn’t sound right under FDCPA, but ML is the original creditor not a collection agency so I’m unsure if FDCPA applies here?
ANY help on my next logical steps would be much appreciated. I’m trying to validate this debt
MoneyLion says I owe them but won’t provide loan agreement
byu/Odd-Meal-2725 inpersonalfinance
Posted by Odd-Meal-2725
1 Comment
The FDCPA covers third party collection agencies, MoneyLion is not a third party nor a collection agency. The FDCPA does not apply to them and they aren’t required to send you anything.
My recommendation would be to go back through the transactions on your bank account and/or card and find the transaction where you paid MoneyLion, send them a copy of this, and tell them that you’ve paid it in full. If you can’t find the payment(s) showing it’s paid in full then it isn’t and you should call them and pay it in full.