I recently applied for a loan with Lightstream, expecting a smooth and fair process based on their advertised promises. Unfortunately, my experience was far from satisfactory. After submitting my application, they conducted a hard credit inquiry which negatively impacted my credit score. To make matters worse, I was ultimately rejected for the loan.The inconvenience and frustration of having my credit score affected without any benefit cannot be overstated. Applying for a loan should not come with such significant drawbacks, especially when there is no clear advantage gained. To add to my frustration, I was approved by a couple of other lenders right away after this bad experience, which makes Lightstream's handling of my application even more disappointing.I hope Lightstream takes this feedback seriously and works on improving their process to ensure that potential customers do not face similar issues in the future.
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LightStream online lending offers loans for auto, home improvement and practically anything else, at low rates for those with good credit.