Is LightStream legit? LightStream is a reputable online lender that offers competitive interest rates and an easy application process. While it doesn’t disclose credit requirements, many employed borrowers with good credit scores have a chance of approval.
Regarding this, are LightStream loans secured or unsecured?
All of LightStream’s auto loans are unsecured, which means more flexibility for borrowers. The online lender will even beat competitors’ auto loan APRs by 0.10 percentage points, under certain conditions. If you’re not satisfied with the experience, LightStream may pay you $100.
Subsequently, does LightStream use FICO score?
To qualify for a LightStream loan, applicants must have a minimum FICO credit score of at least 660.
Is LightStream a hard inquiry?
It’s not unusual that LightStream does a hard pull. Most personal loan providers will use a hard pull during their approval process. The exceptions are some extremely expensive bad-credit lenders, such as payday lenders or auto title lenders. … LightStream reportedly requires a credit score of 660 or higher for approval.
What credit bureau does LightStream pull from?
LightStream pulls a hard inquiry from TransUnion or Equifax. Credit scores often vary by agency and scoring models.
What is considered excellent credit?
Generally speaking, a credit score is a three-digit number ranging from 300 to 850. … Although ranges vary depending on the credit scoring model, generally credit scores from 580 to 669 are considered fair; 670 to 739 are considered good; 740 to 799 are considered very good; and 800 and up are considered excellent.