The Loans Are Usually 15-to-30-day Terms

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In LightStream's loan process, Secruritas epay a possible borrower fills out a short form. Then, utilizing LightStream's proprietary technology and a series of algorithms, a choice is made on the loan, and the borrower is quickly notified. After the initial approval, the borrower has to put an electronic signature on the documents, present checking account information, and choose a monthly payment date. At that point, the funds are deposited directly into the particular person's checking account - "often as quickly as the same day of utility," in line with Nelson. There are no limits positioned on what the money can be used for, he says.

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