Consumer complaint received 2025-10-15 00:00:00
Product: Credit reporting or other personal consumer reports — Credit reporting
Issue: Incorrect information on your report — Account information incorrect
Company: MoneyLion Inc.
State: NC

Complaint narrative:
I am submitting this written dispute under the Fair Credit Reporting Act ( FCRA ) and the Fair Credit Billing Act ( FCBA ) regarding inaccurate and unlawfully reported derogatory information appearing on my MoneyLion account listed above. My credit report reflects multiple 30-day, 60-day, and 90-day late payment entries associated with this account. These notations are both factually inaccurate and legally noncompliant with federal requirements.

1. Violation of FCRA Lack of Permissible Purpose and Notification Pursuant to 15 U.S.C. 1681b ( a ) ( 2 ) ( FCRA 604 ( a ) ( 2 ) ), a creditor or furnisher may only furnish or communicate consumer information when a permissible purpose exists and when the consumer has been properly notified of such action. 
I was never notifiedby mail, electronic communication, or certified correspondencethat these delinquencies were being reported to any consumer reporting agency. I have reviewed my records and can confirm there is no record receipt or certified mail notice advising me that derogatory information would be furnished to the credit bureaus. 

Without such notice or authorization, the transmission of these late payment entries violates the permissible-purpose and notice requirements outlined under FCRA 604 ( a ) ( 2 ).

2. Violation of FCBA Improper Credit and Billing Practices Under 15 U.S.C. 1666b, creditors must credit payments as of the date received and must promptly correct billing or posting errors. If any of my payments were received but not properly applied or were delayed through internal processing, any resulting delinquency reports constitute billing errors and unlawful misrepresentation of payment performance. 

This statute also mandates that no late charges, penalties, or negative credit reporting may occur due to a creditors own processing delays or internal accounting failures. 

3. Request for Immediate Action Given the above, I hereby dispute the accuracy and legality of all late payment information associated with this account. Please conduct a full investigation in compliance with 15 U.S.C. 1681i and provide : Written verification of each alleged late payment, including documented proof of notification and permissible reporting authorization. 

Documentation showing the date and method of payment receipt and posting for each disputed period. 

Deletion or correction of all inaccurate late payment entries ( 30-, 60-, and 90-day ) from my account records and from all consumer reporting agencies.

A written response confirming your findings within 30 days, as required by federal law. 

If you are unable to substantiate the accuracy of these reports with proper documentation and lawful notice, I expect the information to be deleted immediately from my credit file and from any bureau to which it was furnished. 

Thank you for your prompt compliance and cooperation. Please send your written response to the address listed above.

Company public response: Company believes the complaint provided an opportunity to answer consumer's questions
Company response to consumer: Closed with explanation