The main difference between secured and unsecured loans is that secured loans require collateral and unsecured loans don’t.

For instance, a secured home loan uses your home as collateral, and a secured vehicle loan uses your vehicle as collateral. If you fail to pay the loan, you can lose your asset.

Unsecured loan benefits include a simpler application and approval process, because there is not a need to secure a title to collateral property.

Unsecured loans, also called unsecured personal loans, are backed by your creditworthiness—your past repayment history and your credit score, among other factors. Because of this, interest rates on unsecured loans can be higher than those on secured loans. We only approve good-to-excellent credit profiles for LightStream loans.

Loan or line terms, including APR, may differ based on several factors. These include—but are not limited to—the type of loan or line you are applying for, how much you borrow, how long you will need to repay it, and your credit profile. Offers are subject to credit approval under Texas Sterling Finance underwriting guidelines including qualifying loans or lines with certain debt to income, FICO® scores, and other underwriting credit criteria.

• Personal details, contact info, U.S. mobile phone number
• Two years of address and employment history
• Financial information (income, debts, personal obligations)

The way you apply depends on the type of loan or line you are selecting. Some loans and lines can be applied for online, others by phone. All can be applied for in a branch

Applicants must be at least 18 years of age and meet applicable credit requirements for a personal loan or line of credit. Approval is based on several factors. We use a holistic view when reviewing an applicant’s credit history rather than relying solely on a client’s credit score.

Your loan specialist will give you guidance on the documentation needed to help expedite the approval process. You may be able to fund your loan the same day if you complete your application on a banking business day.

A payoff statement can be requested by mail, phone, or branch. Payments can be accepted by mail, phone, through your online or mobile banking or in a branch.

To pay by mail:

Texas Sterling Item Processing Center
P.O. Box 580057
Charlotte, NC 28258-0057

To pay by phone:
Call (844-487-8478)

Details can be found in your monthly statement, through your online or mobile banking, by calling (844-487-8478), or by visiting a branch.