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MoneyLion vs Digital Federal Credit Union

MoneyLion is a costly credit builder loan with membership fees and high APRs. How does it compare to Digital Federal Credit Union? Read our comparison chart below.

 

MoneyLion

Digital Federal Credit Union

SPECIAL OFFER
Referral Program - $10 Bonus - Learn More

Read MoneyLion Review

SPECIAL OFFER
Referral Program - $10 Bonus - Learn More

 

Benefits and Features

Credit Building Tools
Credit Builder Loan
Credit Builder Loan
Credit Bureaus Reporting
3 Main Credit Bureaus
3 Main Credit Bureaus
Fees
$19.99 monthly membership
$0 (membership required)
Monthly Loan PaymentDepends on approved loan ($1,000 maximum)Depends on loan amount ($500 - $3,000)
Loan Term
12 months
12 - 24 months
APR
5.99% - 29.99%
5%
Mobile App
Yes
Yes
ATMs 80,000+ Allpoint, SUM, or CO-OP ATMs
 

CreditDonkey® Reviews

Credit Building ToolsStarStarStarHalf StarEmpty Star
Credit Bureaus ReportingStarStarStarStarStar
FeesStarStarEmpty StarEmpty StarEmpty Star
Mobile AppStarStarStarStarStar
Pros & ConsPros:
  • Access your loan funds upfront
  • Reports to 3 credit bureaus
  • Free credit monitoring
Cons:
  • $19.99/month membership fees
  • Not available in all states
Bottom LineCostly credit builder loan with membership fees and high APRs... Read full review

Referral Program - $10 Bonus

Referral Program - $10 Bonus

Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the product website for details.

Digital Federal Credit Union: Information sourced from the published website as of 11/18/2023.

Still need help deciding which bank reviews & deals is better? Read the in-depth reviews below. You may also be interested in comparing MoneyLion or Chase.


Articles on MoneyLion

MoneyLion Credit Builder Review

MoneyLion's Credit Builder loans can improve your credit in 12 months. But is it worth the price? Read on.

Apps Like MoneyLion

MoneyLion is a good app that offers a $500 cash advance. Not quite enough for you? Here are other similar cash advance apps to look at.

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About CreditDonkey
CreditDonkey is a bank comparison website. We publish data-driven analysis to help you save money & make savvy decisions.

Editorial Note: Any opinions, analyses, reviews or recommendations expressed on this page are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by any card issuer.

†Advertiser Disclosure: Many of the offers that appear on this site are from companies from which CreditDonkey receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). CreditDonkey does not include all companies or all offers that may be available in the marketplace.

*See the card issuer's online application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However, all information is presented without warranty. When you click on the "Apply Now" button you can review the terms and conditions on the card issuer's website.

CreditDonkey does not know your individual circumstances and provides information for general educational purposes only. CreditDonkey is not a substitute for, and should not be used as, professional legal, credit or financial advice. You should consult your own professional advisors for such advice.

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