By entering your email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs. 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. Transparency: LightStream is … No direct payment to creditors: Unlike other lenders, LightStream does not send payments directly to creditors when you consolidate debts with a loan. How do I know I can trust these reviews about LightStream? Our content is intended to be used for general information purposes only. You’d pay $6,208 in total interest on that loan. Loan example: A four-year, $20,000 loan with a 13.9% APR would cost $546 in monthly payments. Learn More. Our partners cannot pay us to guarantee favorable reviews of their products or services. Several years of credit history; excellent-credit borrowers have at least five, according to LightStream. Our partners compensate us. In 2019, the Consumer Financial Protection Bureau received 25 personal loan … Many or all of the products featured here are from our partners who compensate us. ScamReport.com is free to use because we may earn a commission when you use a service listed on our site. Enough income to pay existing debts and a new LightStream loan. LightStream Overview LightStream was first mentioned on PissedConsumer on Feb 11, 2016 and since then this brand received 36 reviews. WalletHub: LightStream does not have sufficient user reviews to give a rating. 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. Pre-qualified offers are not binding. Compare Lightstream Review to Crixeo's Best Debt Consolidation Loans. Here's a breakdown of some of the benefits and drawbacks of LightStream personal loans. LightStream allows borrowers to choose when they’re funded. 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. Limited customer service options: Borrowers who have questions are directed to an email form on the lender’s website. Plus, it offers to send you $100 if you’re unsatisfied with the loan proce… 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. After entering some personal information, you’ll be presented with loan options. The funds were in my account by Wednesday morning. Borrowers with good or excellent credit looking to. NerdWallet strives to keep its information accurate and up to date. LightStream is a reputable online lender that offers competitive interest rates and an easy application process. See reviews below to learn more or submit your own review. product. I called Lightstream … SunTrust (now Truist) is a bank with a full range of online services, as well as in-store offerings in select locations nationwide. Does not offer direct payment to creditors with debt consolidation loans. Lightstream loans are available to customers in all 50 states. Copyright © 2020 Consumers Unified LLC. LightStream doesn’t disclose credit score or income requirements for personal loans. LightStream’s loan application and funding process are completed online. Lightstream could not be any more user friendly and customer driven! NerdWallet does not receive compensation of any sort for our reviews. Strong payment history with few or no delinquencies. Lightstream doesn't care about the consumer! Latest Reports. Was speaking to LightStream Sunday afternoon. 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. FAQ. When evaluating offers, please review the financial institution’s Terms and Conditions. I decline their offer and am taking my business elsewhere. Longer repayment terms can make monthly payments more affordable on expensive home projects, like a kitchen remodel, solar panel installation or swimming pool addition. My company recently moved my pay dates back by 2 days. Its personal loans can be used to fund auto purchases, residential solar energy systems, home remodeling and improvements, debt consolidation and medical expenses. If you aren’t satisfied with the lending experience, LightStream sends you $100 as a part of its Loan Experience Guarantee. Click the button below to pre-qualify on NerdWallet. But its parent company, Truist, has an A+ rating. Are considering a personal loan for home improvement. 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