Debt Consolidation

LightStream

3.3

About LightStream

LightStream is an online lender that provides unsecured, personal loans to borrowers with good credit ratings.

LightStream loans have zero fees, and there is a discount for autopayments. Their Rate Beat Program is competitive, however, they do not offer direct payment to creditors for consolidation loans.

Overview

Loan Amount: $1,000 to $100,000

Interest Rate: 4.99-19.99%

Loan Terms: 84 months

Years in Business: Since 2012

BBB Rating: A+

Editorial Rating

3.3
Fair

“Online personal loans for borrowers with good credit. Includes a rate beat program but cannot direct payments to creditors for consolidation loans.“

Benefits and Features

Minimum credit score: 660
No origination fees
Long repayment term

Rate discount for autopay
Available in all 50 states
Online application and approval

Pros

No origination fees
Competitive rates among online lenders
Offers 0.5 percentage point rate discount for setting up autopay
Special features including rate beat program and satisfaction guarantee

Cons

No option to pre-qualify on its website
No option to change payment due date
Requires several years of credit history
Doesn’t offer direct payment to creditors with debt consolidation loans
Low Trustpilot rating

Contact

Website