Debt Consolidation

LightStream

3.5




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

3.5
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
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