Lift Credit is proud to be a state-licensed lender in Utah, Idaho, and Wisconsin. Every loan Lift Credit makes is regulated by your state and backed by lending laws for your protection. We can only lend to customers that are residents of the states where we are licensed.

Below is a list of Frequently Asked Questions to help you familiarize yourself with Lift Credit and our lending rules.

Q.
What are the minimum requirements to apply for a Lift Credit Loan?
A.
Below are the minimum requirements:
• 18 years or older
• The resident of a state where we are licensed to offer loans
• Have a monthly net (after taxes) income of at least $1300
• Been employed at your current job for 3 months or longer
• Have a current, state-issued identification that you are able to provide us a color copy of
• Are not an active member of the military, a dependent, or a spouse of an active member of the military. We love our military members, but if you’re active, the law doesn’t allow us to offer you a loan. Uncle Sam’s rules, not ours!
• Are not in bankruptcy proceedings and are not considering bankruptcy.

Q.
What is a Lift Credit Loan?
A.
A quick, convenient way to borrow money! Everything is done online so you never have to leave your home. Our loans are paid back in installments over time.

Q.
How do I get started?
A.
Go to liftcredit.com anytime, anywhere from your computer, tablet, or smart phone. You are welcome to submit an application anytime, day or night.

Q.
How do I receive the loan?
A.
For your first loan, you will receive the funds through an ACH transfer. The funds are typically available as soon as your bank processes the transaction the next morning. For our repeat customers in some states, an option for same-day wire transfer may be available for an additional fee. Please be aware that some banks charge an additional fee to receive a wire transfer.

Q.
How do I pay back the loan?
A.
During the application process, you may choose to pay back the loan via one of these methods: ACH, check, credit or debit Card, or money order.

Q.
Can I make partial payments on my loan?
A.
Yes you can, however, we discourage it. Making partial payments may result in additional interest accrued over the life of the loan on unpaid principal.

Q.
What is ACH?
A.
ACH stands for “Automated Clearing House”. It is a system that banks use to transact money back and forth between business and consumer in an organized and efficient manner. If you get direct deposit paychecks or have a utility or car payment taken directly from your account each month, it is likely done using an ACH transaction.

Q.
Can I apply over the phone?
A.
We can walk you through the application process over the phone, but your application must be completed and signed online. Because we are on online-only lender, you must have Internet access and have the ability to use our customer portal for reviewing/signing documents and requesting extensions.

Q.
Can I pay early?
A.
Of course! In fact, we encourage it. There is no penalty for paying your loan off early. We love customers who do! Paying your loan off early saves you interest.

Q.
Can I cancel a loan?
A.
Yes. You may cancel your loan as long as you notify us before 5:30 PM of the day you are approved.

Q.
What happens if I fail to make a payment or my payment is late?
A.
Contact us as soon as possible! Our friendly collections team will be happy to get you back on track.