Personal finance management app MoneyLionwas created to help users save money, reduce debt and improve their credit. Today the app is being updated to provide users with more personalized information about how they can improve their financial health, as well as even faster access to personal loans.
Like other PFM apps, MoneyLion works by connecting with all of a user’s bank, credit card, student loan and other financial accounts and then providing them with information abouthow they could improve their financial health.
One way it does this is by giving users personalized recommendations to encourage positive financial behaviors. By analyzingtheir individual spending habits and credit, the MoneyLion app gives daily advice based on a user’smost recentfinancial information.
Anotherway it aims to help usersis byimproving their credit. It offers freecredit reports from TransUnion and Equifax, push notification credit monitoring and access to credit counseling and credit repair services.