LightStream will offer a rate .10 percentage points lower than the rate offered by a competing lender subject to satisfactory evidence being provided that you were actually approved for a lower rate with another lender for the same loan terms offered by LightStream by no later than 2 p.m. Eastern time one business day prior to loan … 5. Lightstream personal loans. Spending more than half your annual income on a car that you plan not to insure is a bad idea. We applied for a $49k home improvement loan with Lightstream. 6. LightStream offers fixed-rate unsecured personal loans.Your annual percentage rate, or APR, will vary depending on the type, size and purpose of the loan.Your loan … Press question mark to learn the rest of the keyboard shortcuts. My credit was 780-800 at the time and my credit history was ~10 years long. There are no appraisals, paperwork, or … One of LightStream’s main selling points is that it offers a variety of auto loans. In addition to auto loans, Lightstream also makes personal loans that can be used for home improvement, large purchases, or debt consolidation. 4. Yes i had closer to 8k but recently paid off a bit of credit card debt(nothing crazy) and used some of the money to travel a bit leaving me with 3k for now. Read our review of LightStream and compare loans. I wouldn’t recommend a car payment that is almost 25% of your take home pay, especially with only liability coverage. So i hope to get a used car in the next 5-6 months. I have a loan through Lightstream … By eliminating paper almost entirely from the LightStream loan … Great, seamless experience. Press J to jump to the feed. By eliminating paper almost entirely from the LightStream loan … How long have you had your job? Every condition was met, my loan was the same amount $8000, loan term 36 months, loan purpose of credit refinance, and payment method (auto debit or invoice). LightStream provides loans for new and used dealer purchases, as well as private party purchases and lease buyouts. Everything seems legit from here! I got approved for a $5k loan with a 12% APR and after doing some research online this company seems legit, but just curious … Press question mark to learn the rest of the keyboard shortcuts. In truth, you should buy a cheaper used car. Available assets. Low DTI. I just have it on auto pay and I don't have to worry about it. That’s why LightStream has reinvented lending. Do you plan on living at home for the next 5 years? Applying takes just minutes, and you get a quick response during business hours. Great rate, never had any issues. At LightStream, we care about the environment and, more importantly, we try to do something about it.For one, we have created a virtually paperless consumer loan experience at LightStream. Join our community, read the PF Wiki, and get on top of your finances! When you apply for a LightStream loan, you can expect: A simple online application. It’s not about getting a loan — it’s about getting what you want. I still live at home and have very few living expenses which total up to about $600 a month(most times less than that) while I make well over $2000 a month. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. It’s Saturday, I have it set up for the funds to be wire … I have no problem making car payments but due to where I live and my driving history i’d be paying more for insurance than on my actual car payment. I have had my job for 2 years now. I also made twice as much money as you do and bought half as much car. The repairs would cost about as much as the value of the car. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. Competitive rates. At 22 and living at home your financial situation is likely to change a lot in the next few years. Your credit report will also determine whether your LightStream loan will be an unse… I have a make and model picked out that will run me hopefully around $22,000. Press J to jump to the feed. I got a Lightstream loan for my car. They're in the middle of a buyout (BB&T bought SunTrust this year). Had a loan of about 16.5k, used, credit history about 5 years with a 675-700 score. 3: Are there any better options for someone in my situation you might suggest? This stems from their focus on good to excellent credit consumers. What you should know about LightStream auto loans. I also just got approved for a loan this week with a 9.65% rate. Highly recommend Lightstream … All of LightStream’s auto loans are unsecured, which means more flexibility for borrowers. Wait...did you get your loan first before researching online? LightStream is an online lending division of SunTrust Bank that offers fixed competitive rates and flexible terms on loans from $5,000 to $100,000. I’ve never been in an accident but i got 2 tickets that stayed on my record because I paid them without doing traffic school. Personal loans … Autopay is set up to start in June. They may not be cool or sexy, but they’ll get the job done until the mishaps time out of your insurance company’s view. From reading some posts here I understand most lenders require full coverage. (Young and didnt know any better). I got a Lightstream loan for my car. Make sure you read the fine print. At LightStream, we care about the environment and, more importantly, we try to do something about it.For one, we have created a virtually paperless consumer loan experience at LightStream. I have no debt whatsoever and about $3000 in savings. What you need to know about LightStream personal loans. Accepted and they deposited the money next day. They have an option for purchasing used cars and there interest rates they quoted me … LightStream is the online lending division of SunTrust Banks Inc. APR range: The APR for this loan is 3.99%; to 19.99% APR. I went ahead and finished my Lightstream loan … Competitive interest rates. LightStream loans … I am very confused with the process and am leaving early in the am to a dealer that is 4 hours away to get the car tomorrow and want to know what to do because I need to request my funds, I use lightstream for my car. I still carry collision and comprehensive insurance. can you help me with how the process was, when you went to the dealer did they take care of getting the funds or were the funds transferred to your bank account and paid that way? I have a 5.04 interest rate at 60mo. I got one for my car. I want to use Lightstream (a subsidiary of Suntrust bank) to purchase a car. Im 22yo and have a good paying job(40k a year). I got approved for a $5k loan with a 12% APR and after doing some research online this company seems legit, but just curious if anyone has any experience with them, They're a division of SunTrust Bank. LightStream personal loans work best for borrowers with good credit and several years of credit history. By eliminating paper almost entirely from the LightStream loan … Awesome these are the results i was hoping to hear, is your loan secured or unsecured? An online lender, LightStream is a division of Truist Financial Corp. A variety of loan options. LightStream’s unique lending model has rates that are dependent on the purpose of the loan. (yes i know but i’m willing to risk it so please dont try and convince me otherwise thanks!). 2: Is my credit score high enough/is my credit history long enough to even get an unsecured low apr loan from Lightstream? LightStream is the national online consumer lending division of SunTrust Bank, which recently became Truist after merging with BB&T. Your exact rates and monthly payments will be determined by your credit history and profile. You can get a 0.50% lower annual percentage rate if you set up AutoPay prior to loan funding. Here are some key features of LightStream personal loans. Loan amounts range from $… Used them for auto - offered me a great rate when others wouldn't, and seamlessly dealt with a few oddities that popped up. LightStream offers "The AnythingLoan" which can be used to finance your new or used, private party or dealer, car purchase. You can apply for a loan … Payment record on all loans and credit cards. Requested loan purpose. 2. Because of these tickets any full coverage I attempt to buy is 500-700 a month which is just ridiculous and not feasible. I bought a newer car when the cost of repairing the old one was a good down payment on a new car - this has nothing to do with the “value” of the old car. Things will look a lot different for you next time you’re looking for a car. Terms: LightStream loan terms range from 24 to 144; months. Rates will also vary by loan type. I shopped around and am considering Lightstream which i’ve read great things about on here for a UNSECURED Low APR loan instead of a traditional dealer/bank for financing, to be able to purchase only liability insurance on my car which i’ll be able to afford. I need to get a new car because my current one will only last about the next 4-5 months due to repairs needed that wouldnt make financial sense. My interest rate is irrelevant because it was a few years ago and rates have gone up since … Repayment term (two to 12 years, depending on the loan purpose). I applied and was approved for an unsecured loan for a classic car from Lightstream. You can get super reliable cars for less than 5k. The lender also considers your: 1. Credit score and credit history. My credit was 780-800 at the time and my credit history was ~10 years long. Fees and penalties. However, there are individual interest rate ranges for each type of loan. Most LightStream loans come with two- to seven-year terms, though its loans for home improvement, swimming pools and solar financing may extend to 12 years. Still, as of 1/6/21, a loan from $5,000 – $9,999 with a 24-36 month term would range between 4.99% – 17.99%. In CA, I think that takes 6 years. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. The key feature of LightStream's online personal loans is that they can be up to $100,000 and used for nearly any reason. If lightstream is sub 5%, you’re doing fine on cost. 1: If you were approved for an unsecured loan through Lightstream what was your rate and your average credit score?
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