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Wednesday, September 28th
LendingTree is part of a large financial brand family that also includes Ovation Credit Services, Student Loan Hero, and QuoteWizard. Each brand focuses on specific financial services, and LendingTree gives you access to borrowing options for mortgages, auto loans, and, of course, consolidation loans.
Broad database of lenders
One nice thing about LendingTree is their extensive lender database. This site makes it extremely easy to learn about any lenders who make you a loan offer, from company history to hundreds (if not thousands) of client reviews. That's important, because LendingTree has financial partners you've probably never heard of - and reading through their detailed reviews can give you a good picture of who might be financing your loan.
Basic application process
How do you get started with finding a personal loan through LendingTree? That's easy: first choose the purpose of your loan, such as debt consolidation or major purchase, in the dropdown box, move the slider to the amount you're requesting, and indicate how quickly you need the money (anywhere from "within 48 hours" to "unsure, just browsing rates" ). From there, you'll be asked for your address, your credit score range, your birthdate (to verify your identity), pre-tax income, and several other basic questions.
MyLendingTree account benefits optional
Pay attention to the last step of the account-creation process: you'll be asked if you want to include a free My LendingTree account, which comes with complimentary credit monitoring and monthly score reports, dark web monitoring, and more. You'll automatically be enrolled into this service if you don't uncheck the box.
See up to five lender offers
The next screen will provide you with any loans offered by LendingTree partners, assuming your information was able to be verified. Click on the loan offer that best meets your needs, complete any lender requirements, and you're on your way to getting your funds. If you aren't matched with any personal loans, you can expect to get recommendations for budgeting tools and debt consolidation services.
Thousands of 5-star reviews from borrowers
LendingTree has a strong positive reputation over more than two decades in operation, including accreditation and an "A+" rating from the Better Business Bureau. Out of nearly 10,000 independently-verified reviews, the company received over 7,600 perfect five-star ratings from customers.
It's not all princes and fairy tales
Be aware that this platform has its share of complaints, too. Many customers have reported a spam-like volume of calls, emails, and texts throughout the day. Some report still getting calls for weeks or months after applying for a loan through LendingTree. We think they can do a better job setting limits with their funding partners with regards to customer contact.
Strong choice for getting multiple loan offers
If you're looking for a easy way to compare loan offers from multiple financial institutions, LendingTree is a strong choice. The service is simple to use and with their lending network they have a good chance to offer you a loan that fits your needs.
Maybe you've gotten overwhelmed by credit card payments and overdue bills, and now you're wondering if there's any light at the end of the tunnel. Or, perhaps you're a financially-savvy consumer who wants to take advantage of lower interest rates, in order to pay off your mounting credit cards bills. Debt consolidation can be a smart strategy either way.
What, exactly, is debt consolidation? It's important to understand that companies offering it may mean different things. For some, debt consolidation is offered as a personal loan: you borrow funds that you use to pay off all of your outstanding debts. Your interest rate should be much lower than your credit cards, and now you've got a simplified, single payment to make each month. This can be a great way to boost your credit score by reducing the likelihood of making late payments (or none at all) and get on your feet again financially. On the other hand, you're in charge of using your loan money responsibly - and not to buy things you don't need!
Other providers of debt consolidation take a more hands-on approach, giving you credit counseling and even going to bat for you with your creditors. The services they provide may include negotiating a lower debt amount or getting your debt forgiven altogether! You might pay a monthly fee for this kind of debt consolidation, or it might be a flat fee based on how much money they saved you overall.
Either route you choose, there are a lot of options out there. How can you decide which one is right for you? Keep these points in mind as you weigh out the possibilities:
TopConsumerReviews.com has evaluated and ranked the best debt consolidation options available today. We're confident that this information will help you choose a strategy to pay down your debts and get your finances in order!
Select any 2 Debt Consolidation Companies to compare them head to head
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