4.2 of 5stars325 Reviews
LightStream is the nation’s premier online consumer lender, and a division of SunTrust Bank. We offer low-interest, fixed-rate loans of $5,000- $100,000 to people with good credit, and a refreshingly simple online loan process. No fees.
I am extremely happy with LightStream. I found a vehicle. Then, I applied with LendingTree and was offered several good rates and companies. LightStream had the lowest therefore I closed them. The interest rate was 1% higher than what the offered showed, but still better than the others. The funds were deposited in my bank account within 3 hours. I later paid off the car to the car dealership. I would definitely refer this company to others.
Closed with Lender:
Got denied almost instantaneously. When I reviewed the denial letter it was filled with false information. Contacted the the credit company mentioned in the report and none of that information showed up on the report on their end. Seems like they were eager to run my credit and provide a false result on fabricated information. 100% Would not recommend.
Very Disappointed. Don’t Proceed!!!!
Wow... I just applied for an auto loan through LightStream and received a notification that my application would be processed. 10 minutes later I got a notification from my credit monitoring company that LightStream had just pulled my credit. Almost instantaneously, I received an email from Lightstream that my application was denied. Seems to me after reading some of these reviews that this is a common practice. Funny that I was reading some of the reviews right when this all went down. Shame on me for not reading them before submitting my loan application. Essentially I just gave all my personal information to them for nothing. I have never had any issues financing anything in the past with my 780 credit score and a comfortable income. I also had indicated that I was putting 20% Cash down on the vehicle. I Never was asked to provide any documents nor did I even receive a phone call before I was just flat denied. Maybe my personal information is more lucrative for them than interest on an auto loan. Hopefully someone will read this before falling for the pre-approved hook. Shame on you LightStream and Lending Tree.