Since LightStream provides lending totally online, we request your bank card information as a way to further verify your personal identity. Please be confident that your charge card info is maybe perhaps not kept in our system or distributed to anybody. It really is just required once you are authorized for the loan and they are when you look at the money procedure.
Offered the initial nature of each and every individualвЂ™s credit profile, LightStream thinks there’s no definition that is single “excellent credit.”
But, we find people with exemplary credit frequently share the characteristics that are following
- Five or even more many years of significant credit score.
- a credit rating with a number of 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 payment that is excellent without any delinquencies or any other dilemmas repaying debt burden.
- A successful ability to conserve, evidenced by some or all the after; fluid assets (shares, bonds, bank deposits, etc.), cash down re payments on real-estate, your your retirement cost savings, and little, if any, revolving personal credit card debt.
- Stable and income that is sufficient assets to effortlessly repay present debt burden and any brand new loan with LightStream.