Rick Bormin, Personal Loans Moderator
@rhandoo2020
Yes, LightStream does offer joint personal loans, which means that two people put their names on the loan application, as well as share responsibility for paying back the loan. LightStream takes both people's credit score and income into account during the application process and weights them equally.
Key Facts About LightStream Joint Personal Loans
- You can submit a joint LightStream personal loan application online.
- Each applicant on the loan will need to be at least 18 years old and a U.S. citizen or permanent resident with an SSN.
- Both applicants for a joint LightStream personal loan will be equally responsible for making payments, if approved.
- Both people will have their credit score impacted by the loan, whether positively or negatively, depending on whether payments get made on time.
Getting a joint LightStream personal loan can help lighten your load since the responsibility for repayment is shared. But you should make sure your co-applicant is someone you trust to handle the loan responsibly.
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Credit Score for Personal Loan Approval by Lender
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