4.1 of 5starsRead Reviews
LightStream is the nation’s premier online consumer lender, offering low-interest, fixed-rate loans to borrowers with good credit. Our loan amounts range from $5,000 - $100,000, and we take pride in providing a simple online process with zero fees. With LightStream, you’re in control – you can walk into the dealership as a cash buyer, or fund that classic car you’ve been dreaming about.
DECLINED AFTER A`PPROVED
WAS APPROVED AND AFTER I FILLED OUT THE APP I WAS DECLINED
surprised at denial
checked credit this am with Experian, 776 score. income good and very stable, no credit card debt. wanted a 38k loan for 4 years. 3 other offers at same interest rate approved with little to no stipulations. got email back from lightstream declining it... Had 40k loan with Suntrust (same company) for wife's car over a 5 year term and we paid it off earlier this year and only 2 years into the loan. scratching my head, doesn't make sense. Not trying to be on a pedestal, but with a good credit score and no car, credit card, medical or student loan debt and they decline me, who are they going to loan to?
Quick, pleasant service!
After reviewing different companies and options for a used auto loan, I found the rates with Lightstream to be the most competative. On top of that, the unsecured loan option was impossible to beat. I applied, was requested to send a paystub the next day, called the following business day for identification verification and was approved 20 minutes later. The loan amount was deposited into my account the next day and everything was good to go! I am exceptionally pleased with Lightstream and their customer service. I emailed them with a question and they responded promptly. I don't know what the issue was with other applicants and why they weren't approved, but I found my experience to be quick and simple (the best kind). I will say that I have a credit rating over 800 and a handful of liquid assests and from what I read, that's what they are looking for in a customer so I'm sure that helped. Good luck!