Advertiser Disclosure

Everything You Need To Know About Debt Consolidation Loans Provided By LightStream

Everything You Need To Know About Debt Consolidation Loans Provided By LightStream Finance

LightStream is a national online lending division of Sun Trust Bank Inc., a leading financial services company, that offers debt consolidation loans and credit card consolidation loans to consumers with good credit and who demonstrate a low debt to income ratio. LightStream requires borrowers to have a minimum credit score of 720 to be eligible for availing a loan.

LightStream offers lower interest rates on unsecured debt consolidation loans, thus allowing consumers to save money on their monthly consolidated loan payments. LightStream has a strict policy whereby borrowers cannot use the money received for any other purpose other than that which is mentioned in the application. Borrowers cannot use it to pay off any current LightStream loan or for funding their businesses.

LightStream debt consolidation loans allow consumers to roll multiple credit card payments or other interest payments into one single monthly payment. Consumers can take a loan for an amount ranging between $5000 and $100,000. The debt consolidation loans come with optional terms such as 24 to 36 months; 37 to 48 months; 49 to 60 months; 61 to 72 months; and 73 to 84 months. Each loan term and its corresponding loan amount have its own fixed interest rate, which is decided based on the borrower’s creditworthiness. For instance, the interest rates are as low as 5.49% APR if you choose to enroll to automatic payment for loans between $10,000 and $24,999, with a loan term between 24 and 36 months. If you don’t chose autopay, LightStream charges an extra 0.5% on the APR as a personal check-processing fee.

The application process is quick and easy, and LightStream doesn’t take too long in giving its decision with regards to the application approval. This is despite the fact that it is bank owned. LightStream requires personal information such as the social security number, date of birth and contact information at the time of the application. Consumers can even avail same day funding sometimes. LightStream does not levy any origination, prepayment or late fees.

1172 VIEWS

top rated cards

Citi® Double Cash Card – 18 month BT offer

cards
  • Purchases Intro APR
    15.24%
  • Regular APR
    15.24% - 25.24%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi ThankYou® Preferred Card

cards
  • Purchases Intro APR
    15.24%
  • Regular APR
    15.24% - 25.24%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi Simplicity® Card - No Late Fees Ever

cards
  • Purchases Intro APR
    15.74%
  • Regular APR
    15.74% - 25.74%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0

Citi® Diamond Preferred® Card – 21 Month Balance Transfer Offer

cards
  • Purchases Intro APR
    14.74%
  • Regular APR
    14.74% - 24.74%
  • Balance Transfer Int APR
    0%
  • Annual Fee
    $0
Investments

10 Best Investment Options That You Should Know

As the cost of living increases with each passing day, investing our incomes has become a must. However, one requires that the returns of this hard earned money be substantially good with low chances of possible risk. Although it is true that the exp...
1612 VIEWS
Payday Loans

All You Need To Know About Cash Advances

If you are in need of a short-term loan, then you can lend money from cash advance lenders. This system generally exists online, and many lenders are willing to lend money. Best rates for online cash loans are available and may vary from site to sit...
1308 VIEWS
Credit Cards

Best Gas Credit Cards

We deal with gas on our daily. It is one of our essential elements of the day; gas is being used for way too many purposes which are just hard to list. And indeed it is an undeniable fact that the gas rates are reaching heights. Every month there ...
2362 VIEWS