Thanks for watching and I hope this video helps answer any questions you have regarding LightStream Personal Loans. Watch more loan videos: ruclips.net/video/C3ma_enSYm8/видео.html
The only reason for prepayment penalties is pure greed. The lender is determined to make $xxx amount of profit no matter what. If the profit is not collected through interest rate payments, then it will be collected through the penalty fee.
Thanks for the info I was approved for a loan through them but they say for insurance purpose they going to deposit money into my account and I half to send it back in order to receive the loan is this a scam who is using that company name or is it legit
I'm approved for light stream but I don't believe it. The lady I always talk to is Jessica Howard and I'm waiting for the verification part where she said they deposit money in my account and I have to send it back. I signed a contract but I don't believe it's real.
Honest Finance, just watched the video but have a few other questions for clarity. Can you apply for a home improvement loan and use it for a boat? Does lightstream check what you spend your proceeds on once given?
Hey man my score is 680. I’m on a stupid auto lease that I’m paying every two weeks on. I’m looking at 2 cars under 3k to buy cash private seller. I was wondering what type of loan to apply for?
Should I file jointly if my partners credit score is bad. My credit score is 770 and there’s is 440 I know bad right lol. The reason why I want to file jointly is because they make more money than me. Should I do this?
I get it! But... Are they giving the loans strictly within the tiers no matter how good the credit history is? e.g. could you get that 18K loan for 36 months with lower than the minimum of the range which is 5.95% if your credit history is excellent?
LightStream didn’t finance me for $40,000 I have a 758 credit score. I have a house mortgage so they said I had a “high income to debt ratio.” My wife has a 775 credit score and she has no debt. They said her “Length of time accounts have been established.” Meaning her oldest account wasn’t old enough. It’s better to not drop your credit some points in the hopes of getting your dream car. I applied yesterday 5/17/2022
They deny people with great/excellent credit all the time. It’s all about your income. Better have a great paying job to get a loan through them. Also a great Credit Score
Cr_25 Are you in debt? Do you need money ASAP then talk to Mark 408 444 7127 I just got $42,000 from him through my bank and c.c am sure he will be willing to help you too.. thank me later
Hi I have 750 credit score and I want to borrow $20000,personal loan ,I’m wondering if I apply they’re not gonna decrease my credit score ,if I’ll get denied or accepted ,either way,thanks
Honest Finance I actually help finance businesses with loans with my company myself. But I never got a personal loan. Someone I spoke to got a personal loan to start his business.
But isn't it true that when you pay more on the loan itself it does not go to the principal, it goes straight to interest? Not like a house payment, or a credit card that you can apply straight to principal.....Is this true????
No it’s not true. Some loans will hold the extra payments in a separate fund, but most give you the option to choose where you want the extra money allocated
I get it. I’ve been stuck with wanting to use light steam or not. I’m buying a car in early 2021 that’s hard to get financing for through my credit union bc of there perceived value through NADA VS their actual market value and what they sell for. My FICO score is 750+ and my DTI ratio will be at 33% when applying and have excellent payment history and credit mix but I’ve heard stories of people with good credit factors getting denied. Even though reviews of people being denied does not tell the whole story it still leaves me wondering if I should try and use them or work something out with my credit union. I just don’t want the hard pull just to get denied. I have a blemish of a missed $15 credit card payment in 2017 because of a mix up and the bill never being sent. Other than that my credit is really solid. Any advise or insight you can offer?
I’d talk to more than one local credit union about the car. Lightstream is nice because they don’t care about the year of car or the value. Have you tried them yet?
Honest Finance no I have not tried them yet I’m waiting to get my truck paid off before going for this car loan. I’ve talked with two different credit unions and they both use NADA but seemed willing to work with me to an extent. Even though I have pretty solid credit overall I think I’ll apply for the secured loan for the better chance of approval. I’ll most likely go for a $25000 loan for 60 months. Deprecation is not a factor with these cars
the underwriters are not very bright. I am deployed and trying to get a renovation loan to make my house i just bought livable before I get home. I am in the middle east and not home in the US and I told them that I have not turned utilities on since I am not there, but I want to get the loan so I can get my contractor to work on the house. The idiots proceed to ask for a utility bill and deny me because I can't prove I live there....I sent them my title proving ownership. I currently don't have a home to go back to until that house is fixed up. I am pissed I wasted a credit pull on them.
I got approved for a loan recently through this company but I don’t have good credit, I haven’t accepted yet as I’m doing my research first to see if they’re legit.
@@marthahenderson8456 I'll rather do it through a real lender. No way I would lend money to someone with a credit score of 300 unless they had high amounts of income, coming from their work.
I get it, I have watched the personal loan video and this one and I'm thinking of getting one for legal expenses and I want to refinance my car but can I do both or only one? Also "I get it" thank you for the informative content
I GET IT!! Can the entire process be handled online, OR DO I NEED to phone them or go to a SunTrust branch? Also, how do they handle income verification? PS Getting penalized for Paying back a loan early IS very "dirty!!"😀
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
Thanks for watching and I hope this video helps answer any questions you have regarding LightStream Personal Loans.
Watch more loan videos: ruclips.net/video/C3ma_enSYm8/видео.html
Fake loan app
What tracking do they have on what you use the loan for? If I said "auto refinance", do they make sure that's what I use it for?
I don’t know how strict they are, but I’m sure you need to follow the rules
@@HonestFinance first you take loan and after upload a video.....👍👍👍
Whats considered a good score? Which credit report do they pull?
Does lightstream do personal loans consolidation loans for other personal loans or just credit card debt?
You’d need to ask them, but I think just credit card consolidating
Sooo if I only need 3k... Can I jus get the 5k, use the 3k I need and make a payment back to light stream of the remaining 2k?
I suppose so, but you’d want to ask them to figure out the logistics
Thank you so much for this information.
Do you think that Light Steam auto loan is a good competitor in 2024?
It really depends if their rates are competitive. If so, I still like them.
If I apply for a 2 year, $10k loan from LightStream, and pay it off 1 year early, would I save on paying 1 year of interest?
Yes you’ll save on interest
What credit bureau do they pull from?
Does Lightstream Loans have a mobile app?
You can get personal loans at 2.99% currently with approved credit and that’s way under inflation. Literally a profitable loan.
Not anymore
@@sef2273 Yes, this comment is well over 2 years old. Rates do change.
I would like you to talk about what is a good score and why do we get different numbers between credit score companies.
That’s a great idea, thank you
Also if you put money down will that help buy you credit if get it for like a cabin thru Kendall cabins that uses you
The only reason for prepayment penalties is pure greed. The lender is determined to make $xxx amount of profit no matter what. If the profit is not collected through interest rate payments, then it will be collected through the penalty fee.
What verification do they ask for so I can be ready to proceed with the application, I plan on borrowing 15k for house repair. Please reply, thanks
I dont know... im a 750 score and am getting a semi high rate for 60 mos.
How high does your credit score have to be?
Can I use it to buy a investment property?
Probably not
Once you’re approved how did you receive the money? Check direct deposit?
Direct deposit
Do you get the loan on a check or direct deposit?
Direct deposit
@@HonestFinance how long is the process for the funds to be in your account ?
It’s direct deposit and usually within a few business days. It doesn’t take long
Is it any good to use it for a car loan?
No, but lightstream offers really good auto loans.
@@HonestFinance can I use the auto loan for investing?
Hi can you by any chance make a video on how to use lightstream pleas? Im confused about how to fill out thier application
Do you have to do a verification process?
how soon do you have to start paying the loan back? do payments start that same month? thank you
You’d have to ask them and it probably depends when you set up the loan
You’ll have 1 month.
If I got a 10k loan through them but only needed 7k of the loan to buy a car would I still be able to keep the 3k?
You’ll need to ask them. I’m not sure about those types of logistics
Thanks for the info I was approved for a loan through them but they say for insurance purpose they going to deposit money into my account and I half to send it back in order to receive the loan is this a scam who is using that company name or is it legit
That sound odd. I’d go onto their official website and call or email them
I did and yes it was a scam these people used there logo. Thank you
I’m glad you checked
If you get accepted does it do direct deposit or a check?
I’m pretty sure it’s direct deposit
Can this be used for a student loan? Another RUclips said no and google is no help
No. I don’t think student loans qualify
How long did it take to get the money ?
I'm hearing people with 800 and up getting denied..what's up with that?
Exactly I got approved and then I got a email stating a waa denied...
What does your credit score have to be
Not sure, but probably well over 700
How strict was LS on income verification?
So you’re telling me lightstream sends the loan through direct deposit and you can pull the cash out at your bank?
Ya. That’s common
I'm approved for light stream but I don't believe it. The lady I always talk to is Jessica Howard and I'm waiting for the verification part where she said they deposit money in my account and I have to send it back. I signed a contract but I don't believe it's real.
This seems odd. I’d go to their website and email customer service
Honest Finance, just watched the video but have a few other questions for clarity. Can you apply for a home improvement loan and use it for a boat? Does lightstream check what you spend your proceeds on once given?
I don’t know how they check, but I’d stick with the intention of the loan. So a boat for a boat
Hey man my score is 680. I’m on a stupid auto lease that I’m paying every two weeks on. I’m looking at 2 cars under 3k to buy cash private seller. I was wondering what type of loan to apply for?
I’d get auto loans for sure
Should I file jointly if my partners credit score is bad. My credit score is 770 and there’s is 440 I know bad right lol. The reason why I want to file jointly is because they make more money than me. Should I do this?
PLEASE NOTE: Lightstream specifies that you MUST schedule principal only payments on the same date of your regular payment
I get it! But...
Are they giving the loans strictly within the tiers no matter how good the credit history is? e.g. could you get that 18K loan for 36 months with lower than the minimum of the range which is 5.95% if your credit history is excellent?
I’m sure it can vary based on your score and other factors
LightStream didn’t finance me for $40,000 I have a 758 credit score. I have a house mortgage so they said I had a “high income to debt ratio.”
My wife has a 775 credit score and she has no debt. They said her “Length of time accounts have been established.” Meaning her oldest account wasn’t old enough.
It’s better to not drop your credit some points in the hopes of getting your dream car. I applied yesterday 5/17/2022
damn that sucks man. I was thinking to applying for a new car today. I paid my mortgage already and have 740 CS. I'm rethinking of reapplying now.
If I get the 5k loan but only need/use 2k can I just pay Suntrust back the 3k instantly and make remaining payments on the 2k?
You’d still have fixed payments, but if you paid down 3k , the loan will end much sooner
That’s what I’m confused about
They deny people with great/excellent credit all the time. It’s all about your income. Better have a great paying job to get a loan through them. Also a great Credit Score
You think i can get a 15k loan w/ a 586 credit score? Just started never missed a payment yet
Applying is the only way to know
WHY DO THEY ASK US FOR OUR PERSONAL LOG IN INFORMATION
Will a combined application (girlfriend and I) help the odds to getting accepted. My credit isn’t as good; her is. But our combined salary is good.
It might. That’s what I did
Cr_25 Are you in debt? Do you need money ASAP then talk to Mark 408 444 7127 I just got $42,000 from him through my bank and c.c am sure he will be willing to help you too.. thank me later
Jude Blake can u please give me his Instagram name thanks you
What credit score do you need
Probably high 700’s, but you’ll want to ask them
Honest Finance Thanks 🙏
Got approved with a 777.
Hi I have 750 credit score and I want to borrow $20000,personal loan ,I’m wondering if I apply they’re not gonna decrease my credit score ,if I’ll get denied or accepted ,either way,thanks
They scammed me out of about 2500 or a person who worked for them did. How can I get that back??
I don't get it
😎
Great! What about co-signers with them? Pre qualification?
I do t think they do co-signing, but you can have two people apply
If I apply for a $80-$100k personal loan, are the gonna ask for my tax returns or pay stubs?
Thank you!
I’m not sure what their policies are, but I’m sure they look into your current situation
Nice. I need at least 30k to start my trucking business but only have a 640 credit score. Do you think I can get it with them?
You might need a business loan and that’s a whole different ball game
Honest Finance I actually help finance businesses with loans with my company myself. But I never got a personal loan. Someone I spoke to got a personal loan to start his business.
EVERYTHING BYJOHN I work for Suntrust bank and I can tell you that if your not at 720 you shouldn’t apply.
Will lightstream work in Ireland
I don’t think so
Great content. How would you compare lightstream with sofi personal loans?
SoFi is really good too, but I applied for both and my rate from lightstream was about 2% lower
I think I’ll for sure look into SoFi for a mortgage refi though
But isn't it true that when you pay more on the loan itself it does not go to the principal, it goes straight to interest? Not like a house payment, or a credit card that you can apply straight to principal.....Is this true????
No it’s not true. Some loans will hold the extra payments in a separate fund, but most give you the option to choose where you want the extra money allocated
Planning on a jet ski in the future is Lightstream good with that?
It might count as “boat/rv, but I’m not sure though
what is the minimum credit score to obtain a loan through lightstream?
I don’t know what they require
I am from Bangladesh,, Can I get this loan?
I get it . What kind of credit score do you need to get a good rate for a Auto loan?
Probably 700+, but other factors matter too (like income, debt)
I get it. I’ve been stuck with wanting to use light steam or not. I’m buying a car in early 2021 that’s hard to get financing for through my credit union bc of there perceived value through NADA VS their actual market value and what they sell for. My FICO score is 750+ and my DTI ratio will be at 33% when applying and have excellent payment history and credit mix but I’ve heard stories of people with good credit factors getting denied. Even though reviews of people being denied does not tell the whole story it still leaves me wondering if I should try and use them or work something out with my credit union. I just don’t want the hard pull just to get denied. I have a blemish of a missed $15 credit card payment in 2017 because of a mix up and the bill never being sent. Other than that my credit is really solid. Any advise or insight you can offer?
I’d talk to more than one local credit union about the car. Lightstream is nice because they don’t care about the year of car or the value. Have you tried them yet?
Honest Finance no I have not tried them yet I’m waiting to get my truck paid off before going for this car loan. I’ve talked with two different credit unions and they both use NADA but seemed willing to work with me to an extent. Even though I have pretty solid credit overall I think I’ll apply for the secured loan for the better chance of approval. I’ll most likely go for a $25000 loan for 60 months. Deprecation is not a factor with these cars
I get it.
You explained everything greatly.
Could I get a Loan with lightstream with no credit, I have someone willing to cosign with me if they do that
You’d have to call them I think
My credit score is not the best about 611 , what do you recommend me applying for if I want a 5k loan for a car
Go w your local credit union. That’s what I recommend
the underwriters are not very bright. I am deployed and trying to get a renovation loan to make my house i just bought livable before I get home. I am in the middle east and not home in the US and I told them that I have not turned utilities on since I am not there, but I want to get the loan so I can get my contractor to work on the house. The idiots proceed to ask for a utility bill and deny me because I can't prove I live there....I sent them my title proving ownership. I currently don't have a home to go back to until that house is fixed up. I am pissed I wasted a credit pull on them.
Why he said pay 5% of your total amount of loan 🤔
Plz dont belive
I get it. Looking to refinance my car loan.
Thanks for watching the video :)
My credit is at 750 and I was denied
In Cambodia can loan
I got approved for a loan recently through this company but I don’t have good credit, I haven’t accepted yet as I’m doing my research first to see if they’re legit.
Excellent credit and 50k loan for example. Can I pay it off within 2 months to avoid paying the whole term interest?
What loan do you recommend for a home improvement loan $40k?
Lightstream , Amex or sofi
DaNorthWest NINER reach out to gforcehacks on Instagram he helped with mine
I get it. Great video. I have LightStream and I love them.
Ps- I noticed you misspelled fluctuate on your text overlay in the video
Abel Serratos Thanks for the spell check. Oops!!
Is the 1 time payment really only able to be used once?
My account number is mistake how to take money plz help me
Thy r not giving me.. Loan bcz of ago. 20
Why do all the comments say I get it! Am I missing something?
There’s a part of the videos that’s asks to say “I get it” if the video is making sense
@@HonestFinance whats there're number?
Its fake
Totaly fake
Thank you! Very informative!
You’re welcome
Is this real app
What is your average credit score for a cabin from Kendall cabins go thru you so the lowest score to even try to apply thx
What was your credit score when you applied and how much were you approved ? Thanks
Kelvin Henderson I don’t need 5k I need 100k thanks for the offer
@@marthahenderson8456 I'll rather do it through a real lender. No way I would lend money to someone with a credit score of 300 unless they had high amounts of income, coming from their work.
"I GET IT".......thank you for this info!
Do you know any companies where I can take out a 96 month car loan?
I don’t. Sorry
Thanks "I get it" I am applying for a loan right as we speak, right through your link. Do you know how important is salary in getting a 100k loan?
Thanks for watching the video and using my link. Salary is important
Let me know how it goes? Good luck!!
@@HonestFinance what if my credit is 690 and that of my spouse is 635 is it okay for both of us to apply jointly after being decline individually
I’d ask the lender. I’m not sure if that would hurt or help
Thanks for the info
I get it, I have watched the personal loan video and this one and I'm thinking of getting one for legal expenses and I want to refinance my car but can I do both or only one? Also "I get it" thank you for the informative content
I’m pretty sure you can do both because they’re entirely different loans
And thanks for watching the videos :)
Thank you for responding!
I GET IT!!
Can the entire process be handled online, OR DO I NEED to phone them or go to a SunTrust branch? Also, how do they handle income verification?
PS Getting penalized for Paying back a loan early IS very "dirty!!"😀
Thank you Jason!
You’re welcome :)
I get it. Thanks for all the help! Knowledge is power.
Alejandro Meza Thanks for watching!
Before withdraw my amount in bank account the application said paid 5% of total loan amount
I get it . Awesome thanks
You’re welcome. Glad it helped
I get it! Thanks. Applying soon
how is it for you i just got a loan for 5k?
I get it...I appreciate what you do.
Thank you!! I’m just trying to help in a bunch of financial categories
I get it! Thank you for making finance very easy to understand!!
You’re welcome and thanks for watching
Awesome company! Highly recommended.
Kya kya I'd lagega
Totally getting it!
I get it!!!
You break it down awesomely
Thank you :)
Thank you!
You’re welcome
Just accepted
Hey congrats!!
Thanks
You’re welcome!
Fake app.
Doesn't provide loan
Jason someone is using the company info and scamming people
Hey man I need help
It's very bad , he add first 5%