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Complaint Details
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Initial Complaint
02/07/2025
- Complaint Type:
- Service or Repair Issues
- Status:
- Answered
On February 05, 2025 I received a call at 10:36am from LightStream lending. They said that I have been approved for $5,000 loan. They told me a loan ID ******. After listening to the details about the agreement until 11:15 about 15 min later I received another call from a different number with same area code stating they were part of the LightStream lending company and this was supposedly the account manager **** *********. He told me they were depositing $550 into my account and needed me to purchase a ******* money card, put $500 on it and call him back to relay the info on the card. The 2 checks they deposited into the account are fraud and got rejected each for $275, totalling $550 taken from the account. I am 63 years old, have diabetes and only make a little over 900 a month which is only enough for my bills. ******* ******************************************* is accusing me of depositing those checks and told me there was nothing they can do to help me.
Business response
02/10/2025
We can confirm that this is not a valid LightStream offer.Unfortunately, others will attempt to impersonate LightStream in an effort to gain money from the public. We can assure you that LightStream does not ask customers to provide any type of down payment, request they purchase gift cards, or provide personal information over the phone in order to be considered for a loan. LightStream will never send unsolicited emails, text messages, or letters asking clients to provide, update, or verify personal or account information, such as passwords, Social Security numbers, PINs, credit or check card numbers, or other confidential information. If you have received a suspicious email or communication or believe you may be the victim of a possible scam, please forward any information to ************************************** Ignore and delete unexpected messages asking for passwords, PINs, or other confidential information.Initial Complaint
02/03/2025
- Complaint Type:
- Order Issues
- Status:
- Answered
Somebody inquired for a loan or funding using my information and it put a hard credit inquiry on my credit and i notified both light stream and ********** . I want the hard inquiry removed from my credit that was place on 1/10/2025. Please and Thank you.Business response
02/06/2025
Thank you for reaching out to us with your concern and request. We received your initial request on 01/10/2025 and our investigation has concluded. A letter with the outcome and changes you can expect has been mailed to your home address. Please allow ***** days for any credit changes and removals to go into effect and be visible in your credit report.Initial Complaint
01/22/2025
- Complaint Type:
- Product Issues
- Status:
- Answered
I reached out to Light stream to acquire a loan mid January 2025. I completed this loan online and right after I completed the application within 30 minutes the application was denied. The reason was because sure they couldnt get a credit report transunion. I thought that this was weird because I have only ever freeze my Experian credit report. I created an account on Transunion snd my report wasnt frozen. I called Lightstream and I was advised they had the wrong birthday. I applied again and once again I was denied again. I applied again and I received a email which stated that my application was withdrawn. I sent a email and questioned this denial. I received a email which states that this was a duplicate application and our application was pending for pay check stub. I submitted this check stub morning of January 22nd and was denied again because of my credit m. Thats weird because my credit rating across all 3 credit bureaus is 766 to 780. No collections less 1% credit card usage. Credit history 30 years plus. I have over 500k in liquid assets and own a home worth 1M. Annual income of 120k bring home over 7k monthly. I believe this company is either a scam or doesnt know what they are doing and I want a full investigation of their practices and I will be notifying the media about this company.Business response
01/23/2025
Thank you for providing feedback on your loan experience. We will forward your concerns to upper management.
In regards to your decline, please note that LightStream is not a FICO score-driven company and our decision is not solely based on your credit score. When an application is received, we review several different items, including the credit profile, financials,debt-to-income ratio, payment history, remaining loan balances, income compared to the loan amount requested, and any documents submitted. We regret to inform you, based on our credit guidelines, we are unable to extend credit at this time.
Customer response
01/23/2025
I like to know what your guidelines are and the exact reason for the decision. This is what Im looking for.Business response
02/10/2025
Unfortunately, we are unable to move forward with your loan application at this time. Please refer to the decline notice in your LightStream account for the specific reasons we are unable to extend credit. Our lending guidelines are proprietary, and while we carefully evaluate each application based on multiple factors, we are unable to provide additional details beyond what is outlined in your decline notice.Initial Complaint
01/22/2025
- Complaint Type:
- Customer Service Issues
- Status:
- Answered
I am writing to formally file a complaint against LightStream due to their refusal to refinance or lower the interest rate in my current loan and the poor customer service I received during my attempt to resolve this issue.I have been a reliable customer with a flawless payment history, consistently making all payments on time. Despite this, the company declined to discuss or offer any options to lower extremely high interest rates of *****%. Given the current economic conditions and inflation, I can no longer afford this rate long term. I approached the company seeking a fair adjustment to ensure I could continue making payments for the next three years withiut adding additional time or interest to the loan.When I attempted to call LightStream customer service, I wa rudely met with a dismissive response: "We don't change interest rates; you can only add additional interest to your loan and extend the loan." This lack of empathy and unwillingness to even discuss alternatives was not only unprofessional but left me feeling unsupported as a loyal customer who has already paid a significant amount of interest to date.I believe it is reasonable to request a conversation about lowering the interest rate to prevent defaulting on the loan. I am seeking the Better Business Bureau's assistance in facilities a resolution that allows for a fair adjustment while ensuring the loan terms remain manageable.Business response
02/03/2025
We thank you for sharing the details of your recent experience and we apologize that the communication and response was unfavorable and unsympathetic. Your concern has been escalated to our management team. Once a LightStream loan has been established the interest rate is no longer flexible as it is a fixed rate, and our company does not offer the option to refinance or reevaluate the original agreed terms. LightStream does, however, offer financial hardship assistance. If you are interested in learning more about these possible options and how they may assist with managing your loan, please reach out to us via email at **************************************** or by phone at **************. We also accept calls made through the relay service (dial 711).
Initial Complaint
12/17/2024
- Complaint Type:
- Product Issues
- Status:
- Answered
hello I'm emailing because I had filed for a loan and I think someone in your company or someone is calling people and saying there approved for the loan asking for the bank info and then calling back asking what they have in the accounts as well if you don't have any money they are saying they can put ****** but that would have to be sent back so I'm saying this that it is scam and I'm reporting this company to the better business Bereau and to *** cause I am in law enforcement and they try to scam me here are the numbers they are calling from ********** **********Business response
12/19/2024
We appreciate you reaching out to us. LightStream will never send unsolicited emails,text messages or letters asking clients to provide, update, or verify personal or account information, such as passwords, Social Security Numbers, PINs,credit or check card numbers, or other confidential information. This includes requesting money or banking information.
If you continue to receive suspicious emails, communications or believe you may be the victim of a possible scam, please ignore all calls and delete unexpected messages asking for passwords, PINs, or other confidential information. If you have additional questions or concerns, please contact us at **************************************** for further assistance. You may also foward any information related to the unsolicated calls or communications to ***************************************************************.Initial Complaint
12/13/2024
- Complaint Type:
- Billing Issues
- Status:
- Answered
LightStream has conducted a hard credit pull when I have not applied for a loan or any services with this company. In doing so, it has caused significant damage to my credit report. This happened on 10/31/2024. I did not give permission for anyone at this business to do this. I believe they got my information unlawfully when I was searching the web. I have just recovered from previous fraud on my credit report, and I must have this inquiry cleared immediately. I have called all the phone numbersd provided for LightStream and I cannot conenct to a person. The email online is not correct. This information is listed on my credit report: LightStream ******************************************************************************************************************************. I am requesting that this issue is resolved right away with the assistance of the corporate office to eliminate extra time and effort via mail. I need to speak with a live agent and I hope the BBB can help me,Business response
12/16/2024
To research and review the inquiry you located on your credit report, please contact us directly at **************. We also accept calls made through the relay service (dial 711).Initial Complaint
12/03/2024
- Complaint Type:
- Service or Repair Issues
- Status:
- Answered
Today December 3rd I received a call claiming to be from lightstream saying I was approved for 2500 and they needed my password and username to my account to deposit the money they stated they would deposit a first amount first then I had to send it back for the next deposit I have since changed all my information since it did seem like a scam to meBusiness response
12/04/2024
We can confirm that this is not a valid LightStream offer.Unfortunately, others will attempt to impersonate LightStream in an effort to gain money from the public. We can assure you that LightStream does not ask customers to provide any type of down payment, request they purchase gift cards, or provide personal information over the phone in order to be considered for a loan. LightStream will never send unsolicited emails, text messages, or letters asking clients to provide, update, or verify personal or account information, such as passwords, Social Security numbers, PINs, credit or check card numbers, or other confidential information.
If you have received a suspicious email or communication or believe you may be the victim of a possible scam, please forward any information to ************************************** Ignore and delete unexpected messages asking for passwords, PINs, or other confidential information.
Initial Complaint
11/08/2024
- Complaint Type:
- Order Issues
- Status:
- Answered
I paid the insurance fees then had to pay tax fees then they said they cant and the loan to bank card cause there is a flag on my ss number but the can ************* the money I they can't put money on bank card cause there is a flag on ss number then how can they ************* me theoney and I obviously approved the loan cause the can send it ************* y can't they put it on bank card and if there was a flag on my ss number then how did I get the loanBusiness response
11/12/2024
We can confirm that this is not a valid LightStream offer or practice. Unfortunately, others will attempt to impersonate Lightstream in an effort to gain monies from the public. We can assure you that Lightstream does not ask customers to provide any type of down payments,request they purchase gift cards, or provide personal information over the phone in order to be considered for a loan. LightStream will never send unsolicited emails, text messages or letters asking clients to provide, update,or verify personal or account information, such as passwords, Social Security Numbers, PINs, credit or check card numbers, or other confidential information.Initial Complaint
10/24/2024
- Complaint Type:
- Order Issues
- Status:
- Answered
Input: I am not liable for this debt with the original creditor, I don't have a contact with the ****************** They did not provide me with the original contract as I requestedBusiness response
10/25/2024
Per our records, we do not have an active loan on file.Initial Complaint
10/24/2024
- Complaint Type:
- Order Issues
- Status:
- Answered
They asked for login and password to checking account, several amounts of 490 and 970 and 980 we're deposited into my account. I was instructed to send to my cash app and purchase Bitcoin. Transfer Bitcoin to some address. I followed their instructions they were saying they were building up my credit. I am going to contact my credit union in the morning and tell them I think I've been a victim of fraud. This was for a 10K loan.Business response
10/24/2024
We can confirm that this is not a valid LightStream offer.Unfortunately, others will attempt to impersonate LightStream in an effort to gain money from the public. We can assure you that LightStream does not ask customers to provide any type of down payment, request they purchase gift cards, or provide personal information over the phone in order to be considered for a loan. LightStream will never send unsolicited emails, text messages, or letters asking clients to provide, update, or verify personal or account information, such as passwords, Social Security numbers, PINs, credit or check card numbers, or other confidential information. If you have received a suspicious email or communication or believe you may be the victim of a possible scam, please forward any information to ************************************** Ignore and delete unexpected messages asking for passwords, PINs, or other confidential information.
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Get a QuoteCustomer Complaints Summary
177 total complaints in the last 3 years.
58 complaints closed in the last 12 months.
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