Life is hard for some, and even harder for others. For some people, buying a house or riding a new car might not be a problem. However, not everyone is lucky enough to be able to afford these luxuries of life without sacrificing some. So, there are times in life when you do not have any other option other than getting a loan to make your wish come true or to meet an unavoidable expense. That’s when you need the right lender on your side. Picking a wrong one can make your life miserable in its truest sense.
Lightstream is one of the well-known names on the internet. It provides loans of many types to people who need them for a variety of reasons. If you are looking for a loan, you can consider this option too. However, if you have heard a few online rumors and reviews that the lender is a scam, Neuercapitalscam helps you to find out the truth.
Finding out the Truth about Lightstream
Understanding the Services
First of all, you have to realize what this lender does. It will not be wrong to say that it is one of the best online lenders for ordinary people. If you do not own a business but have a job, you should definitely consider this option once. So, you can approach this lender if you need a loan for your house. If you do not have a house or you want your existing house renovated, Lightstream will help you. In addition to that, there are many other services that Lightstream provides its customers with exclusively. You can get a loan that only covers the expenses of getting your kitchen and bathroom remodeled.
You do not get such lenders every day. There is no doubt about the fact that Lightstream offers something unique to its borrowers. Most other lenders are limited to the big and conventional loans like car loans, home loans, etc.
Just about Any Loan You Want
One of the biggest advantages of getting a loan from Lightstream is that you can get a loan for a variety of purposes. Do keep in mind that the interest rate you have to pay on your loan depends on the type of loan you get, so the rates do vary. You can get a loan to buy a new or a used car. You can even make your dream come true of buying a classic car because the lender has a loan for that as well. If you are looking to install solar panels in your house but do not have the budget to, you will get a loan for this job as well. That’s a loan you do not get from many other lenders.
While there are many other lenders who understand the needs of their customers and try to accommodate as many types of loans as possible, there is none like Lightstream because it provides you loans for entertainment and recreation as well. That makes Lightstream unique from all of its competitors. So, if you are looking to install a swimming pool in your house, you do not have to go elsewhere. You can just contact Lightstream and you will be provided with the loan amount that you need.
An important thing you will notice about Lightstream is that all the loans it forwards to its borrowers come with a fixed interest rate. The lender is quite open about its rates and you can see the rates stated right on the main page of the website. The minimum interest rates that you can enjoy with a loan from Lightstream are 3.49%. Some loans can prove to be quite expensive for you even if you go with this amazing lender. For example, the maximum interest rate that a borrower can have to pay back to the lender is 12.24%, which is also stated right on the website.
Rewards for a Good Credit Score
One of the common factors you will notice with online lenders is that they focus a lot on your credit score. They always tell you that you can qualify for a loan even if you have a bad credit score. Everyone knows that a person with a poor credit score is not reliable. It might sound harsh to you but in the financial world, that’s the reality. When you go to a lender with a low credit score, you have to suffer in many ways. That’s the case with online lenders as well. Yes, they might approve you for a loan even if you have poor credit score, but they will cancel their risk by giving you a huge interest rate.
However, that type of manipulation is not present on the Lightstream website. That’s something you have to respect about this lender. While everyone is trying to trap people with low credit score by offering them guaranteed qualification, this lender is buy rewarding people with high credit score. Why not? If you have been a responsible person in your life, why shouldn’t you get the reward for that? This lender is going to reward you for all the hard work you have put in returning people the money you borrowed from them.
Completely Online Approval
You have to love this factor about Lightstream. You do not have to go anywhere from your house in search of the right loan. Lightstream offers you some of the best loans and that too from the comfort of your home. You can start your application for the loan on your computer or even your mobile phone. The application is sent to the lender online and then you receive the confirmation of your loan online as well. If you are approved, you will get the loan you asked for. It is as simple as that. There are not difficult processes involved. However, you do have to make sure that you present all the required documents that the lender asks you to present.
The Price Beater
There is a feature on the Lightstream website, namely Rate Beat. Yes, the lender is telling you that it can beat any rates that you get from another lender for your loan. Now, this is not a new claim from an online lender. You will see this coming from just about any lender. They tell you that they have competitive rates or that they can beat any price. However, they are only using these words for marketing and advertising purposes. You will have to agree that Lightstream is the only lender that says these words seriously.
The lender is willing to offer you rates that are lower than whatever you have been quoted by another lender. All you have to do is present proper proof that you were offered such and such rates by some broker. If the proof is there, you will be able to get a better price from Lightstream. Yes, that’s a guaranteed smaller price for the loan you are looking for. However, you have to keep in mind that the lender will only discount them by 0.5 percentage points.
The Debt Consolidation
If the services that the lender is offering weren’t already enough, it has found another way to serve its customer through debt consolidation. If you are stuck in debts and can’t find a way out, you can consider the debt consolidation route. In debt consolidation, all of your debts will be combined and you will have to pay only one payment for them every month. Keep in mind that the debts will not go away. They will still be there, but you will just have to pay one payment that will go towards all the debts you have. So, if you do not need a loan but someone to help you with your debts, you can contact Lightstream for that as well.
Is There Something Wrong with Lightstream?
So, based on all the features stated above, you are the one to decide what you find wrong with this lender. There is no doubt that there are some flaws with its services, but cons are associated with any service and product in the world. For example, some borrowers would prefer a variable interest rate rather than a fixed one. However, you can’t call the lender a finance scam just because it does not offer variable interest rates. There are many other lenders that offer only fixed interest rates. In addition to that, you have to admire the fact that Lightstream is pretty straightforward about it. The fixed interest rates are mentioned right there on the main page of the website in huge numbers and letters.
Despite its minor flaws, Lightstream is not a scam lender. This lender is very much reliable, and the services it offers are not suspicious at all. Yes, it might have high interest rates and strict terms and conditions, but they are the right of a lender. You have it in your capacity to accept them or reject them. You can only call a lender a scam if it does not disclose such information before forwarding you the loan. In a nutshell, Lightstream is a great service for ordinary people to get home, car, remodeling, swimming pool, etc. loans with very minor flaws.