To review LightStream’s personal loans, NerdWallet collected more than 40 data points from the lender, interviewed company executives and compared the lender with others that seek the same customer or offer a similar. FAQ. LightStream Auto Refinancing Disclosure: * The APR listed is for an unsecured dealer used auto loan between $10,000 and $24,999 with a term between 24 and 36 months, for applicants with excellent … You must contact the company and fill out a questionnaire to receive the $100. When evaluating offers, please review the financial institution’s Terms and Conditions. Enough income to pay existing debts and a new LightStream loan. Website was so simple to upload documents to, very simple process. The bottom line: LightStream’s low rates and zero fees make it one of the top lenders for borrowers with good or excellent credit. To review LightStream’s personal loans, NerdWallet collected more than 40 data points from the lender, interviewed company executives and compared the lender with others that seek the same customer or offer a similar personal loan product. LightStream ranks 144 of 871 in Loans and … LightStream is the national online consumer lending division of SunTrust Bank that has helped to pioneer online lending since 2005. Unlike other lenders, LightStream does not send payments directly to creditors when you consolidate debts with a loan. See reviews below to learn more or submit your own review. LightStream is not rated by the Better Business Bureau. LightStream Overview. The overall rating of the company is 1.6 and consumers are mostly dissatisfied. LightStream does not provide a phone number, chat option or social media account to contact. LightStream doesn’t disclose credit score or income requirements for personal loans. LightStream is the nation's premier online consumer lender and a division of SunTrust Bank. You can fill out an application on LightStream’s website. NerdWallet's ratings for personal loans award points to lenders that offer consumer-friendly features, including: soft credit checks, no fees, transparency of loan rates and terms, flexible payment options, accessible customer service, reporting of payments to credit bureaus, and financial education. Was speaking to LightStream Sunday afternoon. Read more. We also consider the number of complaints filed with agencies like the Consumer Financial Protection Bureau. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. He was prompt in his responses to my questions and was always respectful. The company was organized and had a good website for facilitating document scanning and communications. Borrowers with good or excellent credit looking to. Borrowers who have questions are directed to an email form on the lender’s website. Stay away because it seems that it simply doesn't matter what your credit is. No fees: LightStream does not charge an origination fee, late fee or prepayment penalty fee. Pre-qualified offers are not binding. A four-year, $20,000 loan with a 13.9% APR would cost $546 in monthly payments. LightStream auto loan cons Good credit required: LightStream … LightStream allows borrowers to choose when they’re funded. Unsubscribe easily. Sign up to receive our free weekly newsletter. LightStream charges no fees on its personal loans and is even willing to beat competitors’ rates by 0.1 percent (with some restrictions). Discount for using AutoPay; Guarantees to beat competitor rates; LightStream offers auto loans ranging from $5,000 to $100,000, with borrowing … LightStream is a division of Truist, a bank formed by the merger of SunTrust Bank and BB&T. J.D. Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc.: Licenses, NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer AccessLicenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812. Have good or excellent credit (690 FICO or higher) and several years of credit history. ET. They are looking to make sure nothing has been paid late for 5+ years! It is very important to do your own analysis before making any investment based on your own personal circumstances and consult with your own investment, financial, tax and legal advisers. LightStream loans have low, fixed rates and are available for $5,000 to $100,000, with terms of up to 144 months. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions. So how do we make money? We’ll start sending you the news you need delivered straight to you. They plant a tree for every loan! Terrible customer service and an unwillingness to work with the consumer. Special features including rate beat program and satisfaction guarantee. 5 star. APRs are low among lenders targeting similar borrowers. LightStream offers high borrowing amounts and low rates on its unsecured personal loans, which can be used for nearly any purpose, including home improvement projects, debt consolidation and adoption financing. To review LightStream’s personal loans, NerdWallet collected more than 40 data points from the lender, interviewed company executives and compared the lender with others that seek the … As of publishing, interest rates range from 3.49% to 19.99%, depending on your credit history and the loan details. The scoring formula takes into account factors we consider to be consumer-friendly, including impact to credit score, rates and fees, customer experience and responsible lending practices. Longer repayment terms can make monthly payments more affordable on expensive home projects, like a kitchen remodel, solar panel installation or swimming pool addition. You must contact the company and fill out a questionnaire to receive the $100. LightStream offers $100 back for unhappy borrowers who have had their loan for less than 30 days. Business Profile. Reviews (2) 2 reviews for LightStream. The decision was prompt, and the funding was wired to my account exactly when I had been told to expect it. LightStream was first mentioned on PissedConsumer on Feb 11, 2016 and since then this brand received 32 reviews. SunTrust (now Truist) is a bank with a full range of online services, as well as in-store offerings in select locations nationwide. Its personal loans can be used to fund auto purchases, residential solar energy systems, home remodeling and improvements, debt consolidation and medical expenses. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. Borrowers can apply online for a fast credit decision. ScamReport.com is free to use because we may earn a commission when you use a service listed on our site. I decline their offer and am taking my business elsewhere. But its parent company, Truist, has an A+ rating. Compare Lightstream Review to Crixeo's Best Debt Consolidation Loans. LightStream displays annual percentage rate ranges for each loan purpose on its website, but the lender does a hard pull on applications that originate on its website. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. Read our editorial guidelines. The company states it approves borrowers with a stable credit history, reliable income and a track record of on-time payments. LightStream is an online lender that offers personal loans. Our partners cannot pay us to guarantee favorable reviews of their products or services. How do I know I can trust these reviews about LightStream? Are considering a personal loan for home improvement. In 2019, the Consumer Financial Protection Bureau received 25 personal loan … Browse Categories. Lightstream could not be any more user friendly and customer driven! Loan terms and fees may vary by state. However, LightStream is able to offer the low rates and flexibility only to those with good to excellent credit. After entering some personal information, you’ll be presented with loan options. Company Info. They offered me a low rate with a reasonable monthly payment and were able to stretch it out for longer than most other banks we looked into. Disclaimer: NerdWallet strives to keep its information accurate and up to date. Borrowers can apply online or over the phone, and LightStream has same-day funding for some applications. When you throw in its easy- to-use online portal, and quick turnaround time, using LightStream comes off as a no brainer. Original review: Oct. 1, 2020. ... #1 Consumer … LightStream. Total Visits since 1997: 9,008,617,292. Starting interest rates for excellent-credit borrowers are low — around 5% if you use autopay — and vary based on the loan purpose, term, amount and your credit profile. LightStream does not provide a phone number, chat option or social media account to contact. Lightstream could not be any more user friendly and customer driven! Thank you, you have successfully subscribed to our newsletter! They offer lots of repayment options and allow you to change payment time and amount whenever you need to make it more convenient. Satisfaction guarantee: LightStream offers $100 back for unhappy borrowers who have had their loan for less than 30 days. Loan terms and fees may vary by state. Pre-qualifying will not impact your credit. LightStream is among the best if you’re a highly qualified borrower looking for low rates, long-term repayment, and large loan amounts. It offers competitive fixed rates on loans, and there are no fees or penalties for early payments. Customer reviews reflect a number of low-star reviews with around 60 percent of its reviews recorded as one star. NerdWallet strives to keep its information accurate and up to date. NerdWallet does not receive compensation of any sort for our reviews. Pre-qualification available only through partners. Ripoff Report on: Lightstream - Lightstream loan rejection for reasons that dont add up damage to credit report atlanta georgia ... Review Latest Reports. When it was time for them to make their final evaluations of my documents, I was given a date when I could expect a decision. LightStream, the online lending arm of Truist Bank, offers personal loans that can be used for almost any purpose, including debt consolidation, home improvement, auto or boat purchase and medical costs. SunTrust Bank has a WalletHub user rating of 3.5/5 across over 660 reviews. Special home improvement features: Borrowers with good or excellent credit looking to finance a home improvement project may qualify for extended loan terms up to 12 years, with no appraisals or home equity requirements. My company recently moved my pay dates back by 2 days. Unsubscribe easily. Strong payment history with few or no delinquencies. Advanced Search. Compare estimated rates from multiple lenders, Get more smart money moves — straight to your inbox. Rate beat program: LightStream says it will beat a competitor’s interest rate by one-tenth of a percentage point, assuming you can show you are approved by the competitor for an unsecured, fixed-rate loan with the same amount, terms, purpose and payment method. This methodology applies only to lenders that cap interest rates at 36%, the maximum rate financial experts and consumer advocates agree is the acceptable limit for a loan to be affordable. Wow, I have FICO score is 806... with the three scores being 806, 825, 821 and I STILL DIDN'T Qualify for the lowest APR... this is absolutely ridiculous. Our content is intended to be used for general information purposes only. LightStream offers loans from $5,000 to $100,000 with terms ranging from 24 to 144 months. LightStream’s flexible loan terms and extremely competitive APRs make LightStream … Reports payments to three credit bureaus. Longer repayment terms can make monthly payments more affordable on expensive home projects, like a kitchen remodel, solar panel installation or swimming pool addition. The contents of this site may not be republished, reprinted, rewritten or recirculated without written permission. They exceeded my expectations and I would not hesitate to recommend them to others. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. We believe everyone should be able to make financial decisions with confidence. Term availability: LightStream’s wide window of available repayment terms (two to seven years for most loans) gives borrowers the option to prioritize less overall interest with a shorter term or lower monthly payments with a longer term. Transparency: LightStream is … Loan example: A four-year, $20,000 loan with a 13.9% APR would cost $546 in monthly payments. Limited customer service options: Borrowers who have questions are directed to an email form on the lender’s website. LightStream offers consumer-friendly features and large enough loans to cover big expenses like home improvement projects. LightStream is an online lender that helps people obtain funds for major purchases, home remodeling and debt consolidation. If you or a cosigner has good to excellent credit, LightStream … I would rate LightStream 5/5 for their commitment to their client, the competence displayed in their organization, and their reliability. LightStream Overview LightStream was first mentioned on PissedConsumer on Feb 11, 2016 and since then this brand received 36 reviews. Its location on this page may change next time you visit. You’d pay $6,208 in total interest on that loan. To review LightStream, NerdWallet collected and compared more than 15 data points against other lenders that seek the same customer or offer a similar product. Companies pay us to be accredited or when you click a link, call a number or fill a form on our site. See reviews below to learn more or submit your own review. The main LightStream complaints voiced by consumers highlight … Here's a breakdown of some of the benefits and drawbacks of LightStream personal loans. Instead, borrowers have to keep track of their own repayments. It can deposit funds in your account as early as the same day, or up to 30 days after approval. Absolutely crazy. NerdWallet recommends comparing loans to find the best rate for you. 2 And there are no fees for a LightStream loan. Enjoy reading our tips and recommendations. No direct payment to creditors: Unlike other lenders, LightStream does not send payments directly to creditors when you consolidate debts with a loan. LightStream - Read unbiased reviews of LightStream, rated 5.0 out of 5 stars by 633 users Acquired by SunTrust Bank in 2012 and based in San Diego, CA, LightStream is the online consumer lending division of SunTrust Bank that offers consumer loans for practically anything, including auto … Hard credit check: LightStream displays annual percentage rate ranges for each loan purpose on its website, but the lender does a hard pull on applications that originate on its website. Prevent identity theft, protect your credit, The difference between term and whole life insurance, How medical conditions affect your life insurance rate. A link has directed you to this review. Multiple account types within your credit history, like credit cards, a car loan or other installment loan and a mortgage. LightStream does not charge an origination fee, late fee or prepayment penalty fee. LightStream claims it will beat any rate from a competing lender by 0.1% if you were approved for the same loan terms. Looked up on Lending Tree Saturday morning. Lightstream loans are available to customers in all 50 states. Click the button below to pre-qualify on NerdWallet. Advanced Search. Our opinions are our own. Some consumers are thrilled by the easy application and approval … Loans amounts start at $5,000, and the company has fast approval times and same-day funding for select loans. Does not offer direct payment to creditors with debt consolidation loans. Unsubscribe at any time. Several years of credit history; excellent-credit borrowers have at least five, according to LightStream. Many or all of the products featured here are from our partners who compensate us. I wanted to get my loan as quickly as possible and I communicated that to my loan agent. If you aren’t satisfied with the lending experience, LightStream sends you $100 as a part of its Loan Experience Guarantee. Lightstream doesn't care about the consumer! You’d pay $6,208 in total interest on that loan. 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