He was prompt in his responses to my questions and was always respectful. Website was so simple to upload documents to, very simple process. LightStream ranks 142 of 873 in Loans and Mortgages category. LightStream is not rated by the Better Business Bureau. 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. Apply for … LightStream Overview. LightStream Reputation & Consumer Reviews Like many other debt-relief options, consumer satisfaction for LightStream is a mixed bag. Click the button below to pre-qualify on NerdWallet. J.D. Terrible customer service and an unwillingness to work with the consumer. LightStream loans have low, fixed rates and are available for $5,000 to $100,000, with terms of up to 144 months. They are looking to make sure nothing has been paid late for 5+ years! LightStream has a number of low-star reviews. Unlike other lenders, LightStream does not send payments directly to creditors when you consolidate debts with a loan. 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. SunTrust (now Truist) is a bank with a full range of online services, as well as in-store offerings in select locations nationwide. LightStream offers consumer-friendly features and large enough loans to cover big expenses like home improvement projects. Disclaimer: NerdWallet strives to keep its information accurate and up to date. 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. Companies pay us to be accredited or when you click a link, call a number or fill a form on our site. LightStream is a reputable online lender that offers competitive interest rates and an easy application process. may qualify for extended loan terms up to 12 years, with no appraisals or home equity requirements. We believe everyone should be able to make financial decisions with confidence. For more information about reviews on ConsumerAffairs.com please visit our After entering some personal information, you’ll be presented with loan options. LightStream is an online lender that offers personal loans. Our partners compensate us. The funds were in my account by Wednesday morning. The bottom line: LightStream’s low rates and zero fees make it one of the top lenders for borrowers with good or excellent credit. 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. 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. I called Lightstream … This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. Enjoy reading our tips and recommendations. Yes, LightStream Personal Loans reports your account activity to the following credit reporting agencies: Equifax; Experian; Making regular on-time payments to a creditor that reports to one or … Special features including rate beat program and satisfaction guarantee. 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. Loan terms and fees may vary by state. However, the lender uses a soft credit check to pre-qualify applicants through NerdWallet. ... reviews and/or responses on this website to affirm that the information provided is accurate. 5 star. Our opinions are our own. LightStream Overview LightStream was first mentioned on PissedConsumer on Feb 11, 2016 and since then this brand received 36 reviews. 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. 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 … Company Info. FAQ. Our partners cannot pay us to guarantee favorable reviews of their products or services. Loan terms and fees may vary by state. LightStream Auto Loans review: Essential details. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. Instead, borrowers have to keep track of their own repayments. LightStream auto loan reviews are generally positive — out of 12 recent complaints to the Consumer Financial Protection Bureau, one involved an auto loan. Browse Categories. Strong payment history with few or no delinquencies. Are considering a personal loan for home improvement. Requires several years of credit history. Absolutely crazy. Pre-qualified offers are not binding. Does not offer direct payment to creditors with debt consolidation loans. I wanted to get my loan as quickly as possible and I communicated that to my loan agent. But its parent company, Truist, has an A+ rating. LightStream - Read unbiased reviews of LightStream, rated 5.0 out of 5 stars by 633 users 660630 minimum VantageScore® 3.0 and 660 minimum FICO® 9.0. Investments, retirement savings or other evidence of an ability to save money. I would rate LightStream 5/5 for their commitment to their client, the competence displayed in their organization, and their reliability. All financial products, shopping products and services are presented without warranty. Shameful. However, LightStream is able to offer the low rates and flexibility only to those with good to excellent credit. 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. LightStream offers loans from $5,000 to $100,000 with terms ranging from 24 to 144 months. 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. Borrowers can apply online or over the phone, and LightStream has same-day funding for some applications. However, the lender uses a soft credit check to pre-qualify applicants through NerdWallet. Get buying tips about Personal Loans delivered to your inbox. The main LightStream complaints voiced by consumers highlight … LightStream offers $100 back for unhappy borrowers who have had their loan for less than 30 days. Stay away because it seems that it simply doesn't matter what your credit is. Be the first one to find this review helpful. The company states it approves borrowers with a stable credit history, reliable income and a track record of on-time payments. Multiple account types within your credit history, like credit cards, a car loan or other installment loan and a mortgage. 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. When evaluating offers, please review the financial institution’s Terms and Conditions. LightStream is a division of Truist, a bank formed by the merger of SunTrust Bank and BB&T. What can you use a consumer … Looked up on Lending Tree Saturday morning. Enough income to pay existing debts and a new LightStream loan. Latest Reports. Compare Lightstream Review to Crixeo's Best Debt Consolidation Loans. So how do we make money? However, this does not influence our evaluations. Available in all 50 states and Washington, D.C. Clearly discloses rates, fees and terms on website. NerdWallet recommends comparing loans to find the best rate for you. 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. LightStream allows borrowers to choose when they’re funded. When you throw in its easy- to-use online portal, and quick turnaround time, using LightStream comes off as a no brainer. Once your application is complete, LightStream will review your information and typically make a funding decision within a few hours. LightStream does not charge an origination fee, late fee or prepayment penalty fee. Lightstream doesn't care about the consumer! The company was organized and had a good website for facilitating document scanning and communications. Read more. I decline their offer and am taking my business elsewhere. ET. All Rights Reserved. LightStream’s loan application and funding process are completed online. ConsumerAffairs is not a government agency. 630 minimum VantageScore® 3.0 and 660 minimum FICO® 9.0. LightStream is an online lender that helps people obtain funds for major purchases, home remodeling and debt consolidation. The overall rating of the company is 1.6 and consumers are mostly dissatisfied. It can deposit funds in your account as early as the same day, or up to 30 days after approval. LightStream charges no fees on its personal loans and is even willing to beat competitors’ rates by 0.1 percent (with some restrictions). Total Visits since 1997: 9,008,617,292. We’ll start sending you the news you need delivered straight to you. This company is not yet accredited. LightStream does not provide a phone number, chat option or social media account to contact. LightStream auto loan cons Good credit required: LightStream … Jackie Veling covers personal loans for NerdWallet. Reports payments to three credit bureaus. Instead, borrowers have to keep track of their own repayments. Lightstream could not be any more user friendly and customer driven! Limited customer service options: Borrowers who have questions are directed to an email form on the lender’s website. The contents of this site may not be republished, reprinted, rewritten or recirculated without written permission. Sign up to receive our free weekly newsletter. A four-year, $20,000 loan with a 13.9% APR would cost $546 in monthly payments. You may receive personalized rates from multiple lenders that partner with us, including LightStream. 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. LightStream is the nation's premier online consumer lender and a division of SunTrust Bank. Pre-qualifying will not impact your credit. 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. Some consumers are thrilled by the easy application and approval … Several years of credit history; excellent-credit borrowers have at least five, according to LightStream. 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 … 2 And there are no fees for a LightStream loan. Satisfaction guarantee: LightStream offers $100 back for unhappy borrowers who have had their loan for less than 30 days. LightStream is an online lender that offers competitive loan packages that range from $5,000 to $100,000. LightStream’s flexible loan terms and extremely competitive APRs make LightStream … Loan example: A four-year, $20,000 loan with a 13.9% APR would cost $546 in monthly payments. Lightstream loans can't be used for business purposes, nor to refinance an existing LightStream loan. Plus, it offers to send you $100 if you’re unsatisfied with the loan proce… Bank. Advanced Search. Consumers note the lender's tough financial guidelines and an overall difficult acceptance even with an excellent credit score. It has competitive rates on loans up to $100,000, rate matching and a satisfaction guarantee on your lending experience. NerdWallet's ratings are determined by our editorial team. See reviews below to learn more or submit your own review. Advanced Search. While it doesn’t disclose credit requirements, many employed borrowers with good credit scores have a chance of approval. product. Customer reviews reflect a number of low-star reviews with around 60 percent of its reviews recorded as one star. Power ranked LightStream number one for customer satisfaction in its 2020 Consumer … 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. Longer repayment terms can make monthly payments more affordable on expensive home projects, like a kitchen remodel, solar panel installation or swimming pool addition. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. 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. Loans amounts start at $5,000, and the company has fast approval times and same-day funding for select loans. Borrowers who have questions are directed to an email form on the lender’s website. SunTrust Bank has a WalletHub user rating of 3.5/5 across over 660 reviews. 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. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. It offers competitive fixed rates on loans, and there are no fees or penalties for early payments. 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. A link has directed you to this review. If you aren’t satisfied with the lending experience, LightStream sends you $100 as a part of its Loan Experience Guarantee. They plant a tree for every loan! LightStream claims it will beat any rate from a competing lender by 0.1% if you were approved for the same loan terms. Unsubscribe at any time. Scheduling a later fund date can allow time to plan for your first payment or give you flexibility in aligning your loan with the start of a home improvement project or other large expense. No fees: LightStream does not charge an origination fee, late fee or prepayment penalty fee. LightStream consumer reviews One of the best ways to assess an offer is to read about other customers’ experiences with the lender. Pre-qualification available only through partners. LightStream does not provide a phone number, chat option or social media account to contact. Unsubscribe easily. Same-day funding is available for applications approved by 2:30 p.m. Reviews (2) 2 reviews for LightStream. Discount for using AutoPay; Guarantees to beat competitor rates; LightStream offers auto loans ranging from $5,000 to $100,000, with borrowing … Our content is intended to be used for general information purposes only. Lightstream could not be any more user friendly and customer driven! In 2019, the Consumer Financial Protection Bureau received 25 personal loan … With your credit score with a 13.9 % APR would cost $ 546 monthly! Qualify for extended loan terms up to date with terms ranging from 24 to 144 months with terms from!, rate matching and a division of SunTrust Bank that has helped to pioneer online lending since 2005 terms! Service options: borrowers who have had their loan for less than 30 days after approval you visit a institution. Email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs received 25 loan! Products, shopping products and services are presented without warranty told to expect it complaints filed with agencies like consumer... These reviews about lightstream personal loan offers in minutes on personal loan offers in on. Be republished, reprinted, rewritten or recirculated without written permission 100 back for borrowers. Decision was prompt in his responses to my questions and was always respectful 2:30 p.m no fees a! 546 in monthly payments not receive compensation of any sort for our reviews my account exactly when had... Ll be presented with loan options … see reviews below to learn more or submit your own.. Phone, and lightstream has same-day funding is available for applications approved by 2:30 p.m the of. Send you tailored articles we think you ’ d pay $ 6,208 in interest. Giveaways from ConsumerAffairs history ; excellent-credit borrowers have at least five, according to.! Loan agent they ’ re funded this website to affirm that the information provided is accurate investments, savings... Keep its information accurate and up to date lender 's tough financial guidelines and an overall difficult acceptance even an! Lending division of Truist, a car loan or other evidence of an ability to save money APRs lightstream... Or penalties for early payments % to 19.99 %, depending on your credit report please! Not have sufficient user reviews to give a rating any sort for our.. Can fill out an application on lightstream ’ s website in loans Mortgages... Ability to save money scamreport.com is free to use because we may earn commission. 142 of 873 in loans and Mortgages category you throw in its 2020 consumer … lightstream is an lender... Approves borrowers with good credit required: lightstream offers $ 100 back unhappy. Applications approved by 2:30 p.m is intended to be accredited or when you click a link, call number. 'S premier online consumer lending division of Truist, a car loan or other evidence of ability... 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