Retail Business

Why Lifestyle Lending Solutions?

Lifestyle Lending Solutions (LLS) is bringing you, the business, and the credit unions together for a common purpose, your clients and their needs. With LLS, we pride ourselves in our vast experience of working with credit unions and our relationships with senior executive management at the credit unions. We have partnered with America's finest credit unions to bring you low interest rates without sacrificing quality service.

LLS provides you with access to our network of motivated Credit Unions and the tools to get started immediately. We also provide consulting, training, support, and work with your finance managers with any lending issues.

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Why Credit Unions?

Working with Credit Unions has never been easier! There are many reasons to partner with Credit Unions.

1) Credit Unions are non-profit.
2) Credit Unions provide the best rates.
3) Credit Unions provide better service because they want to establish long-term relationships with
their members.
4) Credit Unions who are familiar with your services will recommend your services to their members.
5) When you work with Credit Unions, the revenues generated are invested

For years, Credit Unions have been providing great rates and great service. Because of this, Credit Union loyalty has never been higher. People look to Credit Unions and trust them. By partnering with them, you attach their good name and reputation to your practice which helps your business.

Conversely, credit card companies unfortunately ruin reputations and relationships that you as a practice have worked so hard to establish. So why not protect your clients while giving them the best service and rates possible? Go ahead, your clients will thank you for it!

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How it Works?

We have made it easy and seamless to begin submitting loans to the credit unions. Our easy to use application only takes a few minutes to submit and minutes to return a decision to you that make sense for your clients.

Step 1: Fill out a quick and easy application online via www.lifestyleLS.com.
Step 2: Choose up to 3 lenders to submit the loan to.
Step 3: Receive an answer immediately or within minutes and print forms and contracts right there at the office.

There are 2 easy ways to apply

In Office - You as the provider, may enter the application online and handle your clients needs right there, giving added value to your clients

OR

Clients Portal Direct - Your clients can go directly to our website and apply to any of our lenders. When an approval is given, all the forms and contracts will be available there at the office, so the client can schedule their appointment and come in and sign the forms.

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Pricing

We know that managing your own practice presents enough obstacles without worrying about your financing costs and expensive lending programs. Lifestyle Lending Solutions pride itself in being the affordable solution for both client AND business provider. So stop paying high fees and instead, choose better lenders, at a fraction of the cost!

*Fee is per location. Call for multiple location discounts.

Be listed as a trusted business provider on the Credit Union's website which they will direct their members to!
Free Marketing Materials!
Offer several lenders at one location online!

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Frequently Asked Questions

Q: What's the difference between Credit Unions and who we use now?

A: Currently, your client's only options are credit card companies. Consequently, because there are very few business lenders, these companies have become use to charging outrageous rates while delivering poor customer service.

Credit Unions are not for profit, community financial institutions with one goal in mind, offering low rate loans while delivering great customer service that is second to none. Lifestyle Lending Solutions entered the market largely because of the complaints of businesses and clients asking for possible solutions that would finally treat them as real people and not just numbers.

Credit Unions offer simple loan plans without hiking up rates or changing programs if the client happened to be late or simply made a mistake. With the Credit Unions, your clients know what they are getting without any gimmicks or hidden fees.

Q: What are the approval rates we can expect to see?

A: Our lenders decision each loan independently, largely based upon the applicants credit score and a few other factors. Our Credit Unions treat each credit report and applicant as unique as they are. Our lenders see a person and not just a credit score. A rough estimate, given the general public and credit score ranges, would be to plan on 50-60% approval rates.

With that being said, Lifestyle Lending Solutions has partnered with special financing companies to send those loans that could not get approved to see if they may have a program that is just right for your client.

Q: Do your Credit Unions offer 0% financing plans?

A: Yes! Several of our lenders offer 0% financing plans similar to current competitor plans. However, because our lenders have their own programs and plans, some lenders may not have a 0% plan available yet. Please contact your local rep to find if any lenders near you offer 0% plans or call us at (801) 208-9324.

Q: Does my client have to be a member to get a loan with the Credit Unions?

A: Anyone anywhere can apply for a loan with a Credit Union. Credit Unions are owned by its members, so if a client receives an approval and does not already belong to that credit union they will need to join to complete the loan. Our system automatically prints out a membership application for our Credit Unions, after signing the documents they are now a member and owner of the Credit Union along with their new loan. Its easy, fast, and members will enjoy utilizing other services at their new Credit Union.

In most cases there is an amount required to be put in a savings account for that member. If this is the case, the Credit Union will short fund the loan amount ($5-35). You are welcome to collect a check from the client or just adjusting your cost to cover the loan fees. Please see our lenders rate sheets for details (available on system software after joining).

Q: What do we need to have in order to access the credit union? Credit card machines, installed software?

A: That's the best part! No software downloads, no machines, no extra programs. All you need is an internet connection. Most modern computers will have all the settings needed to access Lifestyle Lending online software.

Q: How long does it take to get a decision once we submit a loan?

A: You can receive answers and approvals within 10-15 seconds after submitting. Our instant approvals allows for you to get an answer no matter what time of day. night, or weekend's¦our system works around the clock for your clients! If a loan cannot reach automatic approvals, it is then referred to a loan officer for manual review this process is very fast and usually you will have a response within minutes of submitting.

Q: How are we funded for our client's loans?

A: The Credit Unions will fund via ACH (Automated Clearing House), which means they will quickly deposit the funds directly into your office's bank account. Our funding status is tracked on our system to notify you when a funding has taken place.

Q: How long does it take to get funded?

A: Once the Credit Union receives the loan packet you have sent them, they will review it for completeness and accuracy. Once that is done, they will set up the ACH process to fund the loan. In most cases, that is within 24 hours from receiving the packet.

Q: What interest rates can my clients expect for approvals?

A: Our lenders base their decisions on credit score and so their rate proposals are to match that risk according to that score. Our lenders currently offer rates as low as 8.9% and may go as high as 17.99% in most cases the average rate will be between 11.50%-13.50%. Credit Card companies stick their new customers with rates hovering 25% on average overall. The Credit Unions just makes Cents!