Read more. See reviews below to learn more or submit your own review. I called Lightstream … Longer repayment terms can make monthly payments more affordable on expensive home projects, like a kitchen remodel, solar panel installation or swimming pool addition. 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. Browse Categories. Absolutely crazy. You must contact the company and fill out a questionnaire to receive the $100. SunTrust Bank has a WalletHub user rating of 3.5/5 across over 660 reviews. You must contact the company and fill out a questionnaire to receive the $100. Lightstream could not be any more user friendly and customer driven! However, the lender uses a soft credit check to pre-qualify applicants through NerdWallet. LightStream Auto Loans review: Essential details. ... BBB Reports On. Original review: Oct. 1, 2020. Satisfaction guarantee: LightStream offers $100 back for unhappy borrowers who have had their loan for less than 30 days. 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. LightStream’s loan application and funding process are completed online. A four-year, $20,000 loan with a 13.9% APR would cost $546 in monthly payments. 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. Same-day funding is available for applications approved by 2:30 p.m. Become a NerdWallet member, and we’ll send you tailored articles we think you’ll love. WalletHub: LightStream does not have sufficient user reviews to give a rating. Apply for … My company recently moved my pay dates back by 2 days. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. 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 … Instead, borrowers have to keep track of their own repayments. Limited customer service options: 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. LightStream does not provide a phone number, chat option or social media account to contact. Discount for using AutoPay; Guarantees to beat competitor rates; LightStream offers auto loans ranging from $5,000 to $100,000, with borrowing … What can you use a consumer … Offers limited customer contact channels and hours. Read our editorial guidelines. However, the lender uses a soft credit check to pre-qualify applicants through NerdWallet. I would rate LightStream 5/5 for their commitment to their client, the competence displayed in their organization, and their reliability. FYI - they do look at all on your credit report, even if it should be gone because it’s been 10 years and your score is high now. 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. Pre-qualification available only through partners. LightStream charges no fees on its personal loans and is even willing to beat competitors’ rates by 0.1 percent (with some restrictions). ConsumerAffairs is not a government agency. Lightstream could not be any more user friendly and customer driven! LightStream offers consumer-friendly features and large enough loans to cover big expenses like home improvement projects. Business Profile. Plus, it offers to send you $100 if you’re unsatisfied with the loan proce… We value your privacy. Strong payment history with few or no delinquencies. Sign up to receive our free weekly newsletter. 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. We value your privacy. As of publishing, interest rates range from 3.49% to 19.99%, depending on your credit history and the loan details. So how do we make money? This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. The company guarantees borrower satisfaction. The company states it approves borrowers with a stable credit history, reliable income and a track record of on-time payments. It has competitive rates on loans up to $100,000, rate matching and a satisfaction guarantee on your lending experience. This company is not yet accredited. Terrible customer service and an unwillingness to work with the consumer. Get buying tips about Personal Loans delivered to your inbox. Ripoff Report on: Lightstream - Lightstream loan rejection for reasons that dont add up damage to credit report atlanta georgia ... Review Latest Reports. Its personal loans can be used to fund auto purchases, residential solar energy systems, home remodeling and improvements, debt consolidation and medical expenses. All financial products, shopping products and services are presented without warranty. LightStream doesn’t disclose credit score or income requirements for personal loans. The bottom line: LightStream’s low rates and zero fees make it one of the top lenders for borrowers with good or excellent credit. LightStream is a reputable online lender that offers competitive interest rates and an easy application process. Enjoy reading our tips and recommendations. APRs are low among lenders targeting similar borrowers. The main LightStream complaints voiced by consumers highlight … ET. All Rights Reserved. Loan terms and fees may vary by state. LightStream Overview LightStream was first mentioned on PissedConsumer on Feb 11, 2016 and since then this brand received 36 reviews. They plant a tree for every loan! We offer low-interest, fixed-rate loans for practically any loan purpose to good-credit consumers. Borrowers can apply online for a fast credit decision. Are considering a personal loan for home improvement. … J.D. In 2019, the Consumer Financial Protection Bureau received 25 personal loan … Looked up on Lending Tree Saturday morning. Here is a list of our partners. Borrowers with good or excellent credit looking to. 2 And there are no fees for a LightStream loan. FAQ. If you aren’t satisfied with the lending experience, LightStream sends you $100 as a part of its Loan Experience Guarantee. 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. ScamReport.com is free to use because we may earn a commission when you use a service listed on our site. Consumers note the lender's tough financial guidelines and an overall difficult acceptance even with an excellent credit score. It offers competitive fixed rates on loans, and there are no fees or penalties for early payments. Our partners cannot pay us to guarantee favorable reviews of their products or services. Bank. Learn More. LightStream claims it will beat any rate from a competing lender by 0.1% if you were approved for the same loan terms. ... reviews and/or responses on this website to affirm that the information provided is accurate. 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. 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 … Advanced Search. Company Info. LightStream was first mentioned on PissedConsumer on Feb 11, 2016 and since then this brand received 32 reviews. It can deposit funds in your account as early as the same day, or up to 30 days after approval. 5 star. LightStream does not charge an origination fee, late fee or prepayment penalty fee. LightStream’s flexible loan terms and extremely competitive APRs make LightStream … They plant a tree for every loan! Prevent identity theft, protect your credit, The difference between term and whole life insurance, How medical conditions affect your life insurance rate. Have good or excellent credit (690 FICO or higher) and several years of credit history. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. 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. Reviews (2) 2 reviews for LightStream. NerdWallet's ratings are determined by our editorial team. 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. LightStream ranks 142 of 873 in Loans and Mortgages category. Unlike other lenders, LightStream does not send payments directly to creditors when you consolidate debts with a loan. LightStream is a division of Truist, a bank formed by the merger of SunTrust Bank and BB&T. They are looking to make sure nothing has been paid late for 5+ years! He was prompt in his responses to my questions and was always respectful. Pre-qualifying will not impact your credit. Our partners compensate us. Several years of credit history; excellent-credit borrowers have at least five, according to LightStream. Lightstream loans are available to customers in all 50 states. 660630 minimum VantageScore® 3.0 and 660 minimum FICO® 9.0. They exceeded my expectations and I would not hesitate to recommend them to others. 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. Here's a breakdown of some of the benefits and drawbacks of LightStream personal loans. LightStream Overview. 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. When evaluating offers, please review the financial institution’s Terms and Conditions. Once your application is complete, LightStream will review your information and typically make a funding decision within a few hours. 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. 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 … No direct payment to creditors: Unlike other lenders, LightStream does not send payments directly to creditors when you consolidate debts with a loan. Unsubscribe easily. 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. The funds were in my account by Wednesday morning. We believe everyone should be able to make financial decisions with confidence. You can fill out an application on LightStream’s website. LightStream. All financial products, shopping products and services are presented without warranty. Disclaimer: NerdWallet strives to keep its information accurate and up to date. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. LightStream is the nation's premier online consumer lender and a division of SunTrust Bank. Reports payments to three credit bureaus. 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. Receive personal loan offers in minutes on Personal Loan Pro. 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. Available in all 50 states and Washington, D.C. Clearly discloses rates, fees and terms on website. No fees: LightStream does not charge an origination fee, late fee or prepayment penalty fee. LightStream has a number of low-star reviews. 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. Longer repayment terms can make monthly payments more affordable on expensive home projects, like a kitchen remodel, solar panel installation or swimming pool addition. LightStream allows borrowers to choose when they’re funded. Our opinions are our own. LightStream is the national online consumer lending division of SunTrust Bank that has helped to pioneer online lending since 2005. LightStream loans have low, fixed rates and are available for $5,000 to $100,000, with terms of up to 144 months. However, LightStream is able to offer the low rates and flexibility only to those with good to excellent credit. I wanted to get my loan as quickly as possible and I communicated that to my loan agent. Copyright © 2020 Consumers Unified LLC. Investments, retirement savings or other evidence of an ability to save money. 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