LightStream is a national online lending division of Sun Trust Bank Inc., a leading financial services company, that offers debt consolidation loans and credit card consolidation loans to consumers with good credit and who demonstrate a low debt to income ratio. LightStream requires borrowers to have a minimum credit score of 720 to be eligible for availing a loan.

LightStream offers lower interest rates on unsecured debt consolidation loans, thus allowing consumers to save money on their monthly consolidated loan payments. LightStream has a strict policy whereby borrowers cannot use the money received for any other purpose other than that which is mentioned in the application.

LightStream debt consolidation loans allow consumers to roll multiple credit card payments or other interest payments into one single monthly payment. Consumers can take a loan for an amount ranging between $5000 and $100,000. The debt consolidation loans come with optional terms such as 24 to 36 months; 37 to 48 months; 49 to 60 months; 61 to 72 months; and 73 to 84 months. Each loan term and its corresponding loan amount have its own fixed interest rate, which is decided based on the borrower’s creditworthiness.

The application process is quick and easy, and LightStream doesn’t take too long in giving its decision with regards to the application approval. This is despite the fact that it is bank owned. LightStream requires personal information such as the social security number, date of birth and contact information at the time of the application. Consumers can even avail same day funding sometimes. LightStream does not levy any origination, prepayment or late fees.