Contact Center
What account is required with every auto loan whether it is direct or indirect?
Membership savings account
What’s the lowest APR of a Signature Loan?
5.25%
TRUE or FALSE
It is not necessary to record a quit claim deed prior to closing
False, it is now necessary to record a quit claim deed prior to the closing
What types of losses will GAP cover?
GAP covers the remaining balance on a auto loan that has had a total loss
What credit card offers rewards?
Platinum Elite Rewards Card
What is Loan Protection for?
For protection in case member is not able to pay the loan
What is the longest term for a Boat Loan?
240 months
What is the lowest APR for an RV loan?
3.94%
What is the minimum amount for a HELOC?
$10k
What is the maximum term for Signature Loans?
120 months
What is the difference between unsecured and secured credit?
A secured line of credit is guaranteed by collateral
What is the interest rate for a LOC?
16%
What’s the lowest APR for a NEW motorcycle?
3.99%
What is our partnering company for student loans?
Student Choice
Is GAP a requirement on a car loan
No, it is optional
What model year of autos qualify for AutoSaver?
Cars that are 5 years or newer
What is a secured credit card?
A Card that requires a savings account that has 110% of the card limit secured for the life of the card before opening the account
What type of installment loan is good for members who are tying to rebuild their credit?
What is the collateral for a Home Equity Loan?
The property
If Lake Trust accepted the payment before 3pm when are they applied to Mortgage Center?
The next business day
How many credit cards do we offer, and what are they?
Platinum Elite Visa (Lower interest rate)
Platinum Elite Rewards (Higher interest rate
What is the difference between a LOC and a Credit Card?
LOC has no plastic, no advance fee, no charge unless you use it
What is the minimum amount to finance on a motorcycle under 900 Cubic Capacity?
NONE!
GOTCHA!
What is an Auto loan pre-approval?
Member gets approved for the loan before the collateral is picked out- they will know how much they can spend and can also figure out spending amount to stay within a monthly payment amount.
What is revolving credit?
Revolving credit is a set limit of credit that becomes available again as you repay it