LightStream Loans Reviews

LightStream Loans

Overall Rating


6 Customer Reviews


LightStream provides personal loans that can be used for almost anything in life including, weddings, timeshare, remodeling, and more. Learn what customers are saying.

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Customer Reviews

1.5 Stars out of 6 Reviews
5 Star:0% 4 Star:16% 3 Star:0% 2 Star:0% 1 Star:83%
17% Recommend This Company
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Posted on Jan 15, 2021

Denied with 795 credit rating!

By Steve G., Sarasota, FL, Verified Reviewer

I have over $100k annual income with a 795 credit rating they pulled...and denied! Total redlining due to my race! Despicable. I will be exposing them, stay away from the crooked operation.

Length of Use: Less than 3 months

Bottom Line: No, I would not recommend this to a friend

Pros and Cons

No “pros” were specified in this review


Posted on Jan 23, 2020

They stole $1500 from me.

By John R., California, Verified Reviewer

I trusted them with my bank info for a $7000 loan. They somehow reversed my debits and paid checks from my Chase Bank Account. Lesson learned, never trust computers and online financial dealings/business.

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 1 Person Has Voted

Posted on Oct 12, 2019

LightStream is a scam

By Joshua M., Texas, Verified Reviewer

They approved me for an $8,000.00 loan. They needed to get into my account and dispute things to Bank of America that I didn't approve. PLEASE! Do not give these people your information. I'm currently working with Bank of America and am closing out this account, so they cannot go into my account anymore. Yes! Times get tough and people take out loans to get by, and don't get one this way. Go to your nearest Loan Store and apply that way.

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 6 People Have Voted

Posted on May 24, 2019

No hassle, great rates, but daily interest

By Jefe S., South Carolina, Verified Reviewer

I've used LightStream three times now for home improvement stuff. It was especially useful for an unexpected repair. The interest rate was the lowest I could find and I paid them off as fast as I could. I didn't pay attention to the daily interest accrual, so I probably could've saved a couple of hundred more dollars if I'd have known that. There's a sweet spot for the money. Take too little or too much and you get worse interest rates. The sweet spot is between $10k and $15k for 5 years, I think. I don't pay attention to the length of the loan. This last time I only needed $5k, but got a better rate with $11k, so I took the $11k and immediately submitted the $6k payment. The trick is not to accept the new monthly reduction in payments they offer when paying more than the minimum.

You have to have stellar credit to get these loans, so don't bother if you have comparable revolving credit card debt or lack the cash to pay the debt off outright. When you're in that category, you probably don't pay interest to too many lenders, but LightStream gets that money by daily interest accrual.

This really is a super quick and easy way to get $10k in cash for those unexpected expenses or when you go over budget, but outside of that sweet spot, I might look elsewhere.

Bottom Line: Yes, I would recommend this to a friend

Posted on May 10, 2019

Personal fraudulent loan

By Randy A., California, Verified Reviewer

I solicited a personal loan online and searched LightStream Loans credentials. It appeared legitimate until a fictitious check for $867.00 was deposited into my checking account and later found that the check was fraudulent. Now I may be liable for $867 in bank fees/charges.

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 10 People Have Voted

Posted on Apr 17, 2019

Sounds like a scam

By Gary K., Doniphan, MO, Verified Reviewer

I get an email from LightStream saying I was approved for an $8000.00 loan. I call the number. I get someone whos name was supposedly John, by his accent his name wasn't John. I barely understand him. After several minutes I asked if I could speak with someone who spoke English. He supposedly transferred me to someone but it sounded like the same guy I was speaking to. I told him this and he said it would cost me $300 to take out a loan. No mention of that in the email. I told the guy this sounded like a scam and hung up. Before I called, I check if it was a scam and reviews all looked good and no mention of it being a scam. On the app, it said you need a Visa or MC for ID purpose. It already asked for DL#, so why do they need Visa or MC? I know sometimes scammers will use the name of a legit company and this sounded like one of them. Beware if applying for this, you may be out $300!

Bottom Line: No, I would not recommend this to a friend

Helpful Review? 23 People Have Voted
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