Power ranked LightStream number one for customer satisfaction in its 2020 Consumer … This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. In particular, LightStream offers same-day funding, a “Rate Beat” program, unsecured auto loans, and a range of loan terms. 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! They plant a tree for every loan! Our partners cannot pay us to guarantee favorable reviews of their products or services. Lightstream loans can't be used for business purposes, nor to refinance an existing LightStream loan. Are considering a personal loan for home improvement. Apply for … Original review: Oct. 1, 2020. The overall rating of the company is 1.6 and consumers are mostly dissatisfied. Click the button below to pre-qualify on NerdWallet. A link has directed you to this review. Copyright © 2020 Consumers Unified LLC. Its location on this page may change next time you visit. 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. 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. Lightstream doesn't care about the consumer! Pre-qualifying will not impact your credit. Same-day funding is available for applications approved by 2:30 p.m. 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 … Jackie Veling covers personal loans for NerdWallet. Borrowers can apply online or over the phone, and LightStream has same-day funding for some applications. Thank you, you have successfully subscribed to our newsletter! Our content is intended to be used for general information purposes only. LightStream Overview LightStream was first mentioned on PissedConsumer on Feb 11, 2016 and since then this brand received 36 reviews. LightStream is the national online consumer lending division of SunTrust Bank that has helped to pioneer online lending since 2005. ... BBB Reports On. 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. If you aren’t satisfied with the lending experience, LightStream sends you $100 as a part of its Loan Experience Guarantee. It has competitive rates on loans up to $100,000, rate matching and a satisfaction guarantee on your lending experience. Borrowers can apply online for a fast credit decision. Unsubscribe easily. Its personal loans can be used to fund auto purchases, residential solar energy systems, home remodeling and improvements, debt consolidation and medical expenses. ... reviews and/or responses on this website to affirm that the information provided is accurate. LightStream - Read unbiased reviews of LightStream, rated 5.0 out of 5 stars by 633 users Stay away because it seems that it simply doesn't matter what your credit is. Several years of credit history; excellent-credit borrowers have at least five, according to LightStream. Multiple account types within your credit history, like credit cards, a car loan or other installment loan and a mortgage. LightStream was first mentioned on PissedConsumer on Feb 11, 2016 and since then this brand received 32 reviews. Here is a list of our partners. Lightstream could not be any more user friendly and customer driven! 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. product. 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 offers consumer-friendly features and large enough loans to cover big expenses like home improvement projects. Our opinions are our own. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. Reports payments to three credit bureaus. The decision was prompt, and the funding was wired to my account exactly when I had been told to expect it. However, LightStream is able to offer the low rates and flexibility only to those with good to excellent credit. Lightstream, A Division Of Truist. SunTrust Bank has a WalletHub user rating of 3.5/5 across over 660 reviews. See reviews below to learn more or submit your own review. Enjoy reading our tips and recommendations. When evaluating offers, please review the financial institution’s Terms and Conditions. The Better Business Bureau has given LightStream an … LightStream is among the best if you’re a highly qualified borrower looking for low rates, long-term repayment, and large loan amounts. A four-year, $20,000 loan with a 13.9% APR would cost $546 in monthly payments. Plus, it offers to send you $100 if you’re unsatisfied with the loan proce… Company Info. Borrowers with good or excellent credit looking to. Here's a breakdown of some of the benefits and drawbacks of LightStream personal loans. Longer repayment terms can make monthly payments more affordable on expensive home projects, like a kitchen remodel, solar panel installation or swimming pool addition. Total Visits since 1997: 9,008,617,292. NerdWallet's ratings are determined by our editorial team. I wanted to get my loan as quickly as possible and I communicated that to my loan agent. We offer low-interest, fixed-rate loans for practically any loan purpose to good-credit consumers. When you throw in its easy- to-use online portal, and quick turnaround time, using LightStream comes off as a no brainer. Learn More. LightStream. You must contact the company and fill out a questionnaire to receive the $100. LightStream Reputation & Consumer Reviews Like many other debt-relief options, consumer satisfaction for LightStream is a mixed bag. We value your privacy. How do I know I can trust these reviews about LightStream? 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. Pre-qualified offers are not binding. LightStream offers loans from $5,000 to $100,000 with terms ranging from 24 to 144 months. may qualify for extended loan terms up to 12 years, with no appraisals or home equity requirements. By entering your email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs. NerdWallet strives to keep its information accurate and up to date. LightStream ranks 144 of 871 in Loans and … LightStream auto loan reviews are generally positive — out of 12 recent complaints to the Consumer Financial Protection Bureau, one involved an auto loan. Discount for using AutoPay; Guarantees to beat competitor rates; LightStream offers auto loans ranging from $5,000 to $100,000, with borrowing … ... #1 Consumer … They are looking to make sure nothing has been paid late for 5+ years! 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. SunTrust (now Truist) is a bank with a full range of online services, as well as in-store offerings in select locations nationwide. The contents of this site may not be republished, reprinted, rewritten or recirculated without written permission. NerdWallet does not receive compensation of any sort for our reviews. This company is not yet accredited. It offers competitive fixed rates on loans, and there are no fees or penalties for early payments. Once your application is complete, LightStream will review your information and typically make a funding decision within a few hours. But its parent company, Truist, has an A+ rating. 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. We also consider the number of complaints filed with agencies like the Consumer Financial Protection Bureau. 630 minimum VantageScore® 3.0 and 660 minimum FICO® 9.0. 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. Loans amounts start at $5,000, and the company has fast approval times and same-day funding for select loans. LightStream consumer reviews One of the best ways to assess an offer is to read about other customers’ experiences with the lender. Loan terms and fees may vary by state. Unsubscribe easily. Our partners compensate us. 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. You’d pay $6,208 in total interest on that loan. Enough income to pay existing debts and a new LightStream loan. Absolutely crazy. You must contact the company and fill out a questionnaire to receive the $100. They exceeded my expectations and I would not hesitate to recommend them to others. After entering some personal information, you’ll be presented with loan options. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. Offers limited customer contact channels and hours. LightStream offers $100 back for unhappy borrowers who have had their loan for less than 30 days. Consumers note the lender's tough financial guidelines and an overall difficult acceptance even with an excellent credit score. The company guarantees borrower satisfaction. LightStream is a division of Truist, a bank formed by the merger of SunTrust Bank and BB&T. Transparency: LightStream is … He was prompt in his responses to my questions and was always respectful. LightStream allows borrowers to choose when they’re funded. Reviews (2) 2 reviews for LightStream. You may be asked to provide supporting documentation like identification, pay stubs, proof of residence and credit scores. My company recently moved my pay dates back by 2 days. LightStream is the nation's premier online consumer lender and a division of SunTrust Bank. Become a NerdWallet member, and we’ll send you tailored articles we think you’ll love. 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. While it doesn’t disclose credit requirements, many employed borrowers with good credit scores have a chance of approval. However, the lender uses a soft credit check to pre-qualify applicants through NerdWallet. See reviews below to learn more or submit your own review. You can fill out an application on LightStream’s website. 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. Website was so simple to upload documents to, very simple process. Customer reviews reflect a number of low-star reviews with around 60 percent of its reviews recorded as one star. I decline their offer and am taking my business elsewhere. Pre-qualified offers are not binding. For more information about reviews on ConsumerAffairs.com please visit our We’ll start sending you the news you need delivered straight to you. Strong payment history with few or no delinquencies. LightStream’s flexible loan terms and extremely competitive APRs make LightStream … 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. 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. They offer lots of repayment options and allow you to change payment time and amount whenever you need to make it more convenient. 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. 5 star. The bottom line: LightStream’s low rates and zero fees make it one of the top lenders for borrowers with good or excellent credit. 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. All financial products, shopping products and services are presented without warranty. Loan terms and fees may vary by state. 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. 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. LightStream Overview. LightStream does not charge an origination fee, late fee or prepayment penalty fee. Read our editorial guidelines. Prevent identity theft, protect your credit, The difference between term and whole life insurance, How medical conditions affect your life insurance rate. It can deposit funds in your account as early as the same day, or up to 30 days after approval. LightStream is an online lender that offers personal loans. Receive personal loan offers in minutes on Personal Loan Pro. 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. Looked up on Lending Tree Saturday morning. LightStream claims it will beat any rate from a competing lender by 0.1% if you were approved for the same loan terms. ET. … As of publishing, interest rates range from 3.49% to 19.99%, depending on your credit history and the loan details. Some consumers are thrilled by the easy application and approval … The main LightStream complaints voiced by consumers highlight … Borrowers who have questions are directed to an email form on the lender’s website. We believe everyone should be able to make financial decisions with confidence. FAQ. LightStream charges no fees on its personal loans and is even willing to beat competitors’ rates by 0.1 percent (with some restrictions). LightStream’s loan application and funding process are completed online. Instead, borrowers have to keep track of their own repayments. Unsubscribe at any time. Limited customer service options: Borrowers who have questions are directed to an email form on the lender’s website. Compare estimated rates from multiple lenders, Get more smart money moves — straight to your inbox. You may receive personalized rates from multiple lenders that partner with us, including LightStream. If you or a cosigner has good to excellent credit, LightStream … What can you use a consumer … J.D. All Rights Reserved. However, the lender uses a soft credit check to pre-qualify applicants through NerdWallet. Satisfaction guarantee: LightStream offers $100 back for unhappy borrowers who have had their loan for less than 30 days. Ripoff Report on: Lightstream - Lightstream loan rejection for reasons that dont add up damage to credit report atlanta georgia ... Review Latest Reports. Available in all 50 states and Washington, D.C. Clearly discloses rates, fees and terms on website. They plant a tree for every loan! Browse Categories. We value your privacy. ScamReport.com is free to use because we may earn a commission when you use a service listed on our site. 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. Get buying tips about Personal Loans delivered to your inbox. Loan example: A four-year, $20,000 loan with a 13.9% APR would cost $546 in monthly payments. This may influence which products we write about and where and how the product appears on a page. NerdWallet recommends comparing loans to find the best rate for you. Many or all of the products featured here are from our partners who compensate us. When evaluating offers, please review the financial institution’s Terms and Conditions. APRs are low among lenders targeting similar borrowers. No fees: LightStream does not charge an origination fee, late fee or prepayment penalty fee. Was speaking to LightStream Sunday afternoon. I would rate LightStream 5/5 for their commitment to their client, the competence displayed in their organization, and their reliability. LightStream auto loan cons Good credit required: LightStream … LightStream is not rated by the Better Business Bureau. Pre-qualification available only through partners. 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 … ConsumerAffairs is not a government agency. LightStream doesn’t disclose credit score or income requirements for personal loans. No direct payment to creditors: Unlike other lenders, LightStream does not send payments directly to creditors when you consolidate debts with a loan. 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. Business Profile. Does not offer direct payment to creditors with debt consolidation loans. In 2019, the Consumer Financial Protection Bureau received 25 personal loan … Requires several years of credit history. 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. 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. The company states it approves borrowers with a stable credit history, reliable income and a track record of on-time payments. I called Lightstream … 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. 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 … Bank. Investments, retirement savings or other evidence of an ability to save money. LightStream has a number of low-star reviews. Terrible customer service and an unwillingness to work with the consumer. Lightstream loans are available to customers in all 50 states. 660630 minimum VantageScore® 3.0 and 660 minimum FICO® 9.0. 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 … Advanced Search. However, this does not influence our evaluations. The company was organized and had a good website for facilitating document scanning and communications. LightStream is an online lender that offers competitive loan packages that range from $5,000 to $100,000. Instead, borrowers have to keep track of their own repayments. Unlike other lenders, LightStream does not send payments directly to creditors when you consolidate debts with a loan. LightStream loans have low, fixed rates and are available for $5,000 to $100,000, with terms of up to 144 months. Advanced Search. The funds were in my account by Wednesday morning. You’d pay $6,208 in total interest on that loan. LightStream ranks 142 of 873 in Loans and Mortgages category. So how do we make money? Compare Lightstream Review to Crixeo's Best Debt Consolidation Loans. Have good or excellent credit (690 FICO or higher) and several years of credit history. If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. Shameful. Special features including rate beat program and satisfaction guarantee. Be the first one to find this review helpful. 2 And there are no fees for a LightStream loan. LightStream is a reputable online lender that offers competitive interest rates and an easy application process. LightStream Auto Loans review: Essential details. 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 does not provide a phone number, chat option or social media account to contact. 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. Latest Reports. Read more. All financial products, shopping products and services are presented without warranty. LightStream is an online lender that helps people obtain funds for major purchases, home remodeling and debt consolidation. 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. WalletHub: LightStream does not have sufficient user reviews to give a rating. An A+ rating lightstream doesn ’ t satisfied with the consumer financial Protection Bureau lightstream personal loans to keep information. Loan for less than 30 days extremely competitive APRs make lightstream … Compare lightstream review to Crixeo 's debt! Rates range from 3.49 % to 19.99 %, depending on your lending experience customers all... Over 660 reviews be able to offer the low rates and an overall difficult acceptance with. The consumer loans, and we ’ ll be presented with loan options for loan! Business purposes, nor to refinance an existing lightstream loan people obtain funds for purchases! Moved my pay dates back by 2 days of this site may not be republished,,! 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