Lifestyle Loans
Curated by SignalConsumer direct lender offering loans to individuals with low credit.
Overview
Lifestyle Loans operates as a consumer direct lender, offering personal financing options directly to individuals and bypassing traditional banking intermediaries. The company targets individuals with stable incomes, including those with low credit scores, and emphasizes affordability over credit history. The loan approval process is enhanced by the use of artificial intelligence and machine learning, which facilitates quick evaluations of applicants' financial data. The product offerings include personal loans, installment loans, and lines of credit, with amounts ranging from £1,000 to £5,000. The platform utilizes open banking data to assess eligibility, aiming to ensure fair lending decisions while adhering to regulatory standards. This approach seeks to address the challenges faced by individuals who have difficulty securing loans from conventional lenders, potentially promoting financial inclusion.
Key facts
- Founded
- 2016
- Headquarters
- Shrewsbury, United Kingdom
- Stage
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- Industry
- Financial Technology
- Sector
- Digital Lending
Business model
- GTM channel
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Contact
- Primary office
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- Phone
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