How Consumers Are Fighting Back Against Momnt Technologies

From Unauthorized Loans to Federal Liability Under the FCRA

Momnt Technologies is a fintech lender that has been at the center of growing consumer complaints, class action litigation, and credit reporting harm. If you were charged for a loan you did not authorize, received collection pressure for services never delivered, or found a Momnt Technologies account on your credit report that should not be there, you are not alone, and you may have strong legal options under the Fair Credit Reporting Act (FCRA). At Consumer Attorneys, we represent people harmed by unlawful credit reporting and predatory lending practices. Here is what you need to know.

Lawsuits and Consumer Actions Filed Against Momnt Technologies

Momnt Technologies positions itself as a point-of-sale financing platform for home improvement and, previously, health services. But a pattern of consumer harm has emerged across multiple states, leading to formal legal action against the company.

In February 2024, a class action complaint was filed against Momnt Technologies in Florida's 9th Judicial Circuit, Osceola County (Moldes v. Momnt Technologies, Inc.). Plaintiff Raul Moldes alleged that Momnt violated the Florida Consumer Collection Practices Act (FCCPA) by sending loan collection communications at 4:45 AM, well outside the hours permitted by law. The suit was brought on behalf of all similarly situated consumers. The FCCPA is Florida's counterpart to federal debt collection and credit reporting protections, and violations of one statute often run parallel to violations of the other. Momnt denied all allegations.

A separate Arkansas class action was filed against Wasatch Men's Group, Momnt Technologies, and Primis Bank, alleging the three parties partnered to carry out a fraudulent scheme affecting patients across more than 42 clinics. According to the complaint, total financing across Wasatch clinics exceeded $50 million. Critically, the suit alleges that Momnt was aware of the fraud yet continued to demand loan repayments from consumers for services never rendered, and that Momnt threatened consumers that nonpayment "would affect your credit report", using the threat of credit damage as a collection tool. Momnt denied all allegations.

BBB complaint records also document a consumer whose loan was opened in their name by a chiropractor (Revival Chiropractic) without their knowledge or consent, with Momnt subsequently reporting the unauthorized account to the credit bureaus. The consumer disputed the account with both Momnt and the bureaus, a textbook FCRA furnisher dispute scenario under 15 U.S.C. Section 1681s-2(b), which requires furnishers to investigate and correct inaccurate information upon notice from a credit reporting agency.

Adding to the picture, KBRA reported in mid-2024 and December 2024 that Momnt Technologies Trust 2023-1, a securitization vehicle backed by Momnt consumer loans, faced collateral performance issues linked to administrative errors and reported fraud. Consumers whose names are attached to those loans are not automatically released from liability unless they take action.

The FCRA Thread Running Through Every Momnt Technologies Lawsuit

As a furnisher of credit information, Momnt Technologies has legal obligations under the FCRA every time it reports a loan to Experian, Equifax, or TransUnion. Under 15 U.S.C. Section 1681s-2, furnishers must report only accurate information, investigate consumer disputes within 30 days, and correct or delete any information found to be inaccurate or unverifiable.

The consumer harm documented across these cases maps directly onto FCRA violations. Loans reported for services never received, accounts opened without authorization, and threats of credit damage used to pressure consumers into repaying debts they do not legitimately owe, all represent scenarios where a furnisher's failure to investigate and correct is itself a federal violation.

According to the CFPB's 2024 Consumer Response Annual Report, credit and consumer reporting was the top category of consumer complaints in 2024, with fraud-related issues rising steadily. Consumers regularly reported that furnishers failed to remove inaccurate items even after they provided police reports or FTC identity theft reports (CFPB, May 2025). A single inaccurate derogatory account can reduce a credit score by 50 to 100 points, affecting a consumer's ability to rent housing, secure a car loan, or qualify for a mortgage.

Can You Sue Momnt Technologies Under the FCRA?

Yes. The FCRA gives consumers a private right of action against furnishers who violate the law. If Momnt Technologies reported inaccurate or fraudulent loan information about you and failed to correct it after a proper dispute was submitted through the credit bureaus, you may be entitled to pursue a Momnt Technologies lawsuit in federal or state court.

Damages available under the FCRA include actual damages such as financial losses and emotional distress, statutory damages of $100 to $1,000 per willful violation, punitive damages in appropriate cases, and attorney's fees and costs. Because FCRA cases are typically handled on contingency, you pay nothing unless your attorney wins.

Momnt has publicly stated that it investigates complaints and has released some consumers from loan obligations where fraud was confirmed. However, not every affected consumer will be contacted proactively. Many people may be carrying inaccurate tradelines right now without knowing it.

Steps to Take If You Were Harmed by a Momnt Technologies Loan

Start by pulling your credit reports from all three major bureaus at AnnualCreditReport.com (free weekly access is available). Review any Momnt Technologies account carefully. Note whether you authorized it, whether the reported balance and status are accurate, and whether the account is tied to services you did not receive.

If something is wrong, submit a written notice to the relevant credit bureau and to Momnt Technologies directly as the furnisher. Keep dated copies of everything you send and receive. Under the FCRA, Momnt has 30 days to investigate and respond.

If the error is not corrected, or if Momnt fails to conduct a reasonable investigation, that failure may give rise to a private FCRA claim. Keep a record of all communications and, if the matter remains unresolved, speaking with an FCRA attorney can help you understand whether you have a claim worth pursuing. Statutes of limitations apply, generally two years from the date you discovered the violation.

Ready to Take Action? If a fraudulent or unauthorized Momnt Technologies account is appearing on your credit report, or if you were pressured to repay a loan for services you never received, our FCRA attorneys want to hear from you. Contact Consumer Attorneys today for a free case review. We work on a contingency basis, meaning you pay nothing unless we win. Call us or complete our online form to get started.