What types of collateral can I use for a LightStream loan?

LightStream offers a range of loans that can be secured with various types of collateral. Generally, acceptable collateral includes vehicles, such as cars, trucks, motorcycles, and boats. Additionally, certain types of real estate can also be considered, including residential properties. LightStream may also accept other high-value assets, such as certificates of deposit, savings accounts, or investments, depending on their specific policies and requirements. It is important to note that the value of the collateral typically needs to meet a minimum threshold set by LightStream, which helps determine the loan amount and interest rate for the borrower. As collateral requirements can vary based on the loan type and individual circumstances, it is advisable to check the latest information available on the LightStream website. This resource can provide guidance on criteria, options for collateral, and any possible changes to their policies.