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.
Bait and switch - The "offer" is not real
I received and "offer" at 2.49 APR. I then selected it answered the questions as before and when I was done the offer changed to 4.19 APR. It appears to me to be just a gamic to get your personal financial information. My FICO is always 800 to 849 so there is no reason I should not have received the best rate as originally offered.
misleading and potentially fraudulent practices
They 'match you' with a loan, but hide in the fine print that it's not guaranteed, showing the 'lowest possible' APRs, then baiting you to apply for their loan, only to decline someone with Good credit. I'm going to file a complaint with the BBB, I highly suggest if your in a similar situation, you do the same. Maybe enough people can come together to file a class-action to teach them a lesson!
I have a credit score of over 750. I have done everything right for years (kept my ratio of debt to available credit way down, paid on time/every time, increased my available credit without increasing my debt, not opening too many accounts).*.none of that matters to this com******.they just want your info...I suspect they sell it. Immediately after they checked my credit (I have identity theft protection and get real time alerts) other lenders began doing hard inquires as well. How did those lenders get my info??? That immediately starts dropping your credit score. It's one thing if they approve you - but to do that and then deny you!! It's very shady. Folks, read the reviews and apply at your own risk. I am not rich, but have a steady income, and I have a cushion in the bank. Credit-wise I have done everything perfectly for years. I would not have applied for a loan if I thought they were going to deny it!