Since LightStream provides lending entirely online, we request your bank card information as a way to further verify your individual identification. Please be confident that your bank card info is perhaps not saved in our bodies or distributed to anybody. It really is just required once you are authorized for the loan and are usually when you look at the money procedure.
Offered the unique nature of each and every individualвЂ™s credit profile, LightStream believes there isn’t any solitary meaning for “excellent credit.”
Nonetheless, we find people with exemplary credit frequently share the characteristics that are following
- Five or maybe more many years of significant credit rating.
- a credit score with many different account kinds such as for example major bank cards (as an example, Visa, MasterCard, Amex), installment debt (vehicle loans) and home loan financial obligation if applicable.
- An exemplary repayment history without any delinquencies or any other dilemmas repaying debt burden.
- An established capacity to save yourself, evidenced by some or every one of the after; liquid assets (stocks, bonds, bank deposits, etc.), cash down re re payments on real-estate, your retirement cost cost savings, and little, if any, revolving personal credit card debt.
- Stable and enough earnings and assets to effortlessly repay present debt burden and any brand brand new loan with LightStream.
Finally, it ought to be noted once more that each and every specific profile is different and that we make our credit choice in line with the certain facts of this profile.