LightStream Loan Review: Is It Right for You?

For borrowers with good to excellent credit and a solid credit history, taking a hard inquiry on your credit report without knowing the expected results beforehand might be worth it to score a lower interest rate than you might pay with a lender more apt to take on higher-risk borrowers.

For borrowers with good to excellent credit and a solid credit history, taking a hard inquiry on your credit report without knowing the expected results beforehand might be worth it to score a lower interest rate than you might pay with a lender more apt to take on higher-risk borrowers.

Despite some lackluster review scores and ratings, LightStream can be a good lender for borrowers who are confident they'll gain approval for a LightStream loan with a lower interest rate than they may receive through the company's competition.

LightStream doesn't state minimum earning requirements for loan approval. However, the company does require verifiable proof of income.

LightStream uses two of the three main credit bureaus. Its hard inquiry after submitting an application will appear on your TransUnion or Equifax credit report or both. LightStream reports its transactions with customers to all three credit bureaus.

LightStream can be trusted. The company partners with one of the largest banks in the country and is accredited with an A+ grade by the Better Business Bureau.