How long does it take to get approved by LightStream?

It takes 1 to 2 business days to get money from a LightStream personal loan, in most cases. That includes both the time it takes to get approved and the time it takes for the funds to be delivered after approval. Keep in mind that this is a typical applicant's experience, and in some cases it could take longer.... read full answer

How to Get Money From LightStream as Fast as Possible

• Fill out the application carefully. You should make sure that all information you enter on the application is correct and complete. That will eliminate any potential delays from LightStream having to request additional information.
• Check your credit report for errors. Before you apply, you should verify that everything on your credit report is accurate, as any incorrect negatives on there could impact your chances of approval. If you find any errors, you should dispute them right away to get them removed.
• Get your credit score above the minimum. Ideally, you should only apply for a LightStream personal loan once your credit score exceeds the minimum requirement of 660. That will make it easier for LightStream to decide whether you qualify, which could lead to a quicker decision.

Once you get approved for a LightStream personal loan, the money will be delivered through an electronic funds transfer to your bank account.

Yes, LightStream does a hard credit inquiry when you apply for a loan. This credit report inquiry will likely drop your credit score by about 5 to 10 points, but you'll be able to get back on track with a few months of on-time payments.

LightStream's hard inquiry will stay on your credit report for two years, but it won't affect your credit after one year, and the impact may subside before then. To see how your individual credit score may be affected by a hard inquiry, you can use the ... read full answercredit score simulator on WalletHub.

If you're looking for a lender that does not do a hard inquiry at all, you could consider Opploans and NetCredit.

It is fairly difficult to get a LightStream loan because they require a credit score of at least 660. Other LightStream personal loan requirements include being at least 18 years old, having an SSN, and having enough income to afford monthly loan payments.

LightStream Personal Loan Requirements

• Minimum Credit Score:... read full answer 660+ credit score
• Age: 18+ years old
• Residency: U.S. citizen or permanent resident
• Identification Type: SSN only

Once you make sure you've met all the requirements for a LightStream personal loan, you should have a good chance of approval. However, the exact interest rate you receive will depend on factors such as your credit score, income, and debt.

You can use WalletHub's free pre-qualification tool to see if you're likely to get approved and what rates you could get. Plus, it won't hurt your credit.