above lending and beyond finance

Above Lending, Inc. is a next-generation financial services company. They provide loan products with affordable payments, competitive rates and personalized support from a dedicated team of loan specialists.* 

They work hard to simplify the lending experience with a fast and easy application process. They are also passionate about making consolidation loans more affordable and accessible for people struggling with debt.

A Partnership That Puts Clients First

Since 2011, Beyond Finance has worked hard to help people struggling with debt achieve financial freedom. In that time we have earned the trust of thousands of clients as well as top accreditations of our industry. 

We built this strong reputation by putting our clients first which is why, as our partner, we hold Above Lending to the same high standard. Since 2021, they have gone above and beyond to uphold our shared values.

Our shared values include:

  • Providing accessible solutions for people with debt.
  • A client-first approach.
  • An easy and transparent process.
  • Personalized plans and support.
  • Compassionate customer service.

Above Lending’s Positive Impact

The true measure of any financial service is the impact it has on its clients’ lives. Since 2021, Above Lending has earned more than a thousand 5-star reviews on Trustpilot as well as accreditation and an A+ rating from the Better Business Bureau. These excellent results reflect the quality of their products and commitment to helping clients achieve their financial goals. 

During your program enrollment, if you make consistent, on-time deposits (and meet the rest of Above Lending’s criteria), you’ll be eligible to apply for the Above Graduation Loan. At this point, you must make an important decision for yourself: 

“Do I continue on in my Beyond Finance program as usual — or do I take the loan?”

This is worth real consideration because there’s no one-size-fits-all answer. There are benefits to each option and in making your decision, it’s important to determine your priorities.

Let’s break down the advantages of both taking the loan and continuing your Beyond Finance program so you can make the best decision for you!

How Each Option Works

Most people reading this are likely already familiar with how the Beyond Finance program works: you make deposits into your Dedicated Account, and once you’ve built up enough funds to give our negotiations team leverage, they reach out to your creditors and work on your behalf to reach Resolution Offers. 

Once you receive and accept an offer, the funds in your Dedicated Account go to paying off the creditor and Beyond Finance’s fee. Then you build up more funds, and rinse and repeat until all of your enrolled debts are resolved and paid off.

The Above Graduation Loan is an offer available to eligible Beyond Finance clients through our affiliate, Above Lending. If you are approved for a loan, the funds are deposited into your Dedicated Account. This way there’s enough money to resolve and pay off all remaining debts and Beyond Finance fees in as little as 90 days, accelerating your graduation from the Beyond Finance program. Your monthly or biweekly deposit is now replaced with an affordable fixed-rate loan payment.

The Above Graduation Loan vs. Continuing Beyond Finance Program: A Direct Comparison

While it’s true that both paths are great options, they each offer their own advantages. Read on to see which option takes the “win” when it comes to different categories.

Overall Savings

Winner:  Continuing Beyond Finance Program

Both options can save you thousands upon thousands of dollars you’d otherwise be paying if you continued to make minimum payments to your creditors, potentially keeping you in debt for decades. However, because the loan has a fixed interest rate, you will ultimately be paying somewhat more in the long run if you go with this option (and don’t repay your Above Graduation Loan early).

Your Beyond Finance program does not require you to pay interest and is designed so that you’ll never pay more than you owed to your collective creditors upon enrollment (our “No Worse Off” policy). For this reason, continuing your Beyond Finance program is the option that will save you the most money.

Credit Score Recovery

Winner:  Above Graduation Loan

While the vast majority of Beyond Finance clients who didn’t go forward with the loan still report a completely recovered FICO score by the time they graduate from the program, not everyone wants to wait that long. The Above Graduation Loan tends to speed up the time to recover your credit score because your outstanding enrolled debts are typically more quickly resolved.

Timeline To Be Debt-Free

Winner:  Continuing Beyond Finance Program

Both options provide a way out of debt that’s typically much faster than continuing to make minimum payments on your existing credit (with constantly accruing interest and fees). But continuing in the Beyond Finance program takes the edge here because the loan option involves paying interest as well. This adds on a bit more time to reach that debt-free life.

Stress Relief

Winner:  Above Graduation Loan

The Above Graduation Loan takes the “W” this time because 1.) clients should no longer have to deal with overwhelming creditor calls, letters, etc. (as the loan accelerates the debt resolution process) and 2.) there’s a real mental health benefit to knowing your enrolled debts are completely paid off and you’re now only beholden to a single loan payment. The stress relief alone is often the reason some clients decide to go forward with the loan option.

The Bottom Line

This decision is going to be a highly individual one. For example, if:

  • you don’t have immediate plans to purchase a home,
  • you’re able to let creditor calls slide off your back,
  • and your primary goal is building up savings ASAP,

then continuing your Beyond Finance program as usual probably makes the most sense.

On the other hand, if:

  • creditor outreach is making you overly anxious,
  • you’d like to be granted more credit in the future (i.e. refinance your car payment soon),
  • and you’d like to know that all those outstanding enrolled debts are behind you,

then the Above Graduation Loan is probably the way to go!

The choice must come down to what your immediate priorities and goals are. But ultimately, both options are great ones! Either way, you can see your credit score recover, you can become debt-free, and you’re saving a ton of money by avoiding the prospect of making minimum payments to your creditors indefinitely. 

We provide debt consolidation services. Consolidation loan options offered by our affiliates range from $1,000 to $100,000, have Annual Percentage Rates that range from 4.9% to 35.99%, origination fees ranging from 1% to 6% of the amount financed, and loan terms from 4 to 84 months. A typical personal loan example has a loan amount of $23,760, a 4.95% origination fee, a 48-month repayment term, and an interest rate of 18.00%. You would receive $22,584 ($23,760 less the $1,176 origination fee – a prepaid finance charge), and the monthly payment would be $697.95, equating to an APR of 20.89%. The total interest would be $9,741.60, and the total cost of the loan (interest plus origination fee of $1,176) would be $10,917.72. In this example, the total payments made would equal $33,501.60.

Only the most creditworthy borrowers receive the highest loan amounts at the lowest rates. Clients pursuing other debt consolidation options who make all monthly deposits, on average, pay back approximately 55% of their enrolled debt before fees. Fees are based on percentages of your enrolled amounts, are usually 25% and are success based. On average, our debt consolidation programs range from 24-48 months in duration.

We cannot offer guarantees on debt consolidation performance. Our services are not available in all states; fees may vary by state. The use of debt consolidation services may adversely affect your credit for a time. You may be subject to collections or lawsuits by creditors or collectors. Your outstanding obligations may increase from the accrual of fees and interest.

Above Lending was founded with the mission of simplifying the loan process for borrowers. The company aims to provide transparent, straightforward loan products without hidden fees or complex terms. By utilizing advanced algorithms and data analytics, Above Lending and Beyond Finance offers personalized loan options that cater to individual financial needs.

Beyond Finance

Beyond Finance specializes in debt resolution and financial wellness. The company focuses on helping individuals manage and reduce their debt through tailored programs and financial education. Beyond Finance combines human expertise with technology to create personalized debt management plans, providing support and guidance throughout the process.

Services Offered

Above Lending’s Loan Products

Above Lending and Beyond Finance provides a variety of loan products designed to meet different financial needs. These include:

  1. Personal Loans: Unsecured loans for various purposes such as home improvements, medical expenses, or major purchases.
  2. Debt Consolidation Loans: Loans specifically designed to consolidate multiple debts into a single, manageable payment.
  3. Home Improvement Loans: Loans aimed at funding home renovation projects, offering competitive interest rates and flexible repayment terms.

Beyond Finance’s Debt Management Solutions

Beyond Finance offers comprehensive debt management services, including:

  1. Debt Consolidation Programs: Tailored plans that combine multiple debts into a single payment, often with reduced interest rates and fees.
  2. Debt Settlement: Negotiating with creditors to settle debts for less than the full amount owed, helping clients achieve financial relief more quickly.
  3. Financial Education: Resources and tools to help clients improve their financial literacy and maintain long-term financial health.

Technology and Innovation

Above Lending’s Use of Technology

Above Lending and Beyond Finance leverages cutting-edge technology to enhance its loan application and approval processes. Key innovations include:

  1. Advanced Algorithms: Using sophisticated algorithms to assess credit risk and offer personalized loan options.
  2. Data Analytics: Employing data analytics to understand borrower behavior and improve loan offerings.
  3. User-Friendly Platform: Providing an intuitive online platform that simplifies the loan application process, making it quick and hassle-free.

Beyond Finance’s Technological Integration

Beyond Finance integrates technology to optimize its debt management services. Innovations include:

  1. AI-Powered Recommendations: Utilizing artificial intelligence to provide personalized debt management strategies.
  2. Digital Tools: Offering online tools and resources for clients to track their progress and stay informed about their financial situation.
  3. Secure Communication: Ensuring client data is protected through secure, encrypted communication channels.

Customer Experience

Above Lending’s Customer-Centric Approach

Above Lending and Beyond Finance emphasizes a customer-first philosophy, focusing on transparency, simplicity, and support. Key aspects of their approach include:

  1. Transparent Terms: Clear, easy-to-understand loan terms without hidden fees.
  2. Customer Support: Dedicated customer support teams available to assist borrowers throughout the loan process.
  3. Flexible Repayment Options: Offering flexible repayment plans to accommodate different financial situations.

Beyond Finance’s Client Support System

Beyond Finance prioritizes client support and education, aiming to empower clients to take control of their financial futures. Key features include:

  1. Personalized Support: Each client is assigned a dedicated financial advisor to guide them through the debt resolution process.
  2. Educational Resources: Providing access to a wealth of financial education materials, including webinars, articles, and budgeting tools.
  3. Community Engagement: Building a community of clients who can share experiences and support each other through their financial journeys.

Market Impact and Future Outlook

Above Lending’s Market Position

Above Lending has established itself as a significant player in the personal loan market, recognized for its innovative approach and customer-friendly services. The company’s commitment to transparency and technology has resonated with consumers, driving growth and market presence.

Beyond Finance’s Industry Influence

Beyond Finance has made substantial strides in the debt management industry, known for its comprehensive and effective debt resolution programs. The company’s integration of technology and human expertise has set a new standard for financial wellness services, positioning it as a

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