https://ficoforums.myfico.com/t5/General-Credit-Topics/Lightstream-for-used-car/m-p/5885392#M291211 It reports as a personal loan.<BR />Impact of new, fully utilized loan varies from profile to profile, but has nothing to do with limits or utilization on your cards.<BR /><BR />Why do you want a personal loan to finance a car?<BR />Light stream has good rates for PL, but requires good scores and good income.<BR />If you have both, why not go through auto financing that might be one third of PL rate Tue, 21 Jan 2020 04:02:27 GMT Remedios 2020-01-21T04:02:27Z https://ficoforums.myfico.com/t5/General-Credit-Topics/Lightstream-for-used-car/m-p/5885310#M291210 Want to get 9500 for used car. Couple questions. How does lightstream reports to CRA's. If I have 36000 open credit and 1300 of that is being utilized how much will my scores take a hit when lightstream reports? Tue, 21 Jan 2020 04:26:14 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Lightstream-for-used-car/m-p/5885310#M291210 tpdtopcop 2020-01-21T04:26:14Z https://ficoforums.myfico.com/t5/General-Credit-Topics/Lightstream-for-used-car/m-p/5885392#M291211 It reports as a personal loan.<BR />Impact of new, fully utilized loan varies from profile to profile, but has nothing to do with limits or utilization on your cards.<BR /><BR />Why do you want a personal loan to finance a car?<BR />Light stream has good rates for PL, but requires good scores and good income.<BR />If you have both, why not go through auto financing that might be one third of PL rate Tue, 21 Jan 2020 04:02:27 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Lightstream-for-used-car/m-p/5885392#M291211 Remedios 2020-01-21T04:02:27Z https://ficoforums.myfico.com/t5/General-Credit-Topics/Lightstream-for-used-car/m-p/5885403#M291212 When looking at lightstream it asks what using money for and I ticked the used auto from dealer box. Rates seemed reasonable for used auto. Tue, 21 Jan 2020 04:25:36 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Lightstream-for-used-car/m-p/5885403#M291212 tpdtopcop 2020-01-21T04:25:36Z https://ficoforums.myfico.com/t5/General-Credit-Topics/Lightstream-for-used-car/m-p/5885409#M291213 <P>Guess OP is asking question as they do offer very good loan rates on cars say 3.x if i am not mistaken and they pull EQ where if signature is correct OP's EQ score is in the 770-780 range where-as other two scores are being supressed by something and if lightstream was to approve them for a used auto rate it would probably beat most dealers/3rd party lender rates possibly?&nbsp; Lightstream is fairly popular for car for some people for whatever reason.&nbsp; Just speculating this is why OP was asking question.</P> Tue, 21 Jan 2020 04:49:16 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Lightstream-for-used-car/m-p/5885409#M291213 CreditCuriosity 2020-01-21T04:49:16Z https://ficoforums.myfico.com/t5/General-Credit-Topics/Lightstream-for-used-car/m-p/5885413#M291214 I had no idea.<BR />Personal loan would report as such, regardless of purpose, OP.<BR />What you elcect as choice on why you're needing funds will not impact the type, but does impact rates.<BR />You could pick medical, debt consolidation, anything, and it will still report as personal loan.<BR />You might lose points when it reports, but those are gained back as you pay down the loan.<BR />Good luck and I hope you're satisfied with your purchase. Tue, 21 Jan 2020 04:52:06 GMT https://ficoforums.myfico.com/t5/General-Credit-Topics/Lightstream-for-used-car/m-p/5885413#M291214 Remedios 2020-01-21T04:52:06Z