Founded in 1996, LendingTree provides a centralized location for consumers to receive multiple loan offers by filling out one simple and straightforward form. As one of the largest loan networks in the nation, LendingTree offers a variety of resources and tools for borrowers to help manage their finances and empower them to make responsible and informed financial decisions.
With their financial calculators, monthly newsletters, interactive loan coaching tools and more, LendingTree is a great loan service for consumers of all financial backgrounds. LendingTree makes it easier for customers to shop for personal loans by connecting consumers with offers from many different lenders within the marketplace. Customers can then compare lender options to get the best deal possible.
LendingTree connects customers to many different loan options so that consumers can shop and find the best deal. Loan types range and include personal loans, home equity loans, credit cards, reverse mortgages, debt consolidation, auto loans, and student loan refinance.
As LendingTree is not directly a lender, the amount of funding made available can vary and is dependent upon credit history. LendingTree works with a wide network of lenders that primarily accept consumers with scores of 600 and above, however, some will accept applicants with lower scores.
To get started, customers simply need to provide basic information such as loan purpose, desired amount, credit rating, employment status, income, address, and whether your rent or own your current home. LendingTree will not ask for sensitive personal details.
Once a consumer has submitted their form, LendingTree distributes their information to eligible matching lenders. After a lender receives a relevant consumer’s details, they will contact the borrower by phone or email. LendingTree will always offer customers at least five loan options that match the customer’s credit score and loan requirements.
LendingTree’s network of lenders offers competitive rates with a maximum APR of 35.99%. Repayment periods vary depending upon the lender.
LendingTree customer service is extremely efficient and user-friendly. Their customer representatives are available by phone Monday through Thursday 8 am to 9 pm EST, Friday 8 am to 8 pm EST, and Saturday 10 am to 7 pm EST. Phone lines are closed on Sundays. Customers can also contact customer support via LendingTree’s email support and can expect a response within one business day.
Furthermore, LendingTree’s blog offers tons of helpful articles that any potential borrowers will find helpful. This, coupled with their simplified FAQ section is a great way for customers to learn more about the lending process, to ensure there are no surprises.