GRAND RAPIDS, Mich. — Option 1 Credit Union here and Indirect Lending Technologies, LLC (ILT) of Salt Lake City, Utah announced the release of a new product to automate unsecured lending to be known as PILS, for Professional Indirect Lending System.

ILT is known for its Web-based system for managing indirect auto lending (DILLS), and PILS is taking it a step further. According to Will McGregor, president of ILT, PILS is designed to support the growing demand for credit to finance elective surgery or other medical procedures not covered by health or other insurance, sometimes referred to as “lifestyle lending”.

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