Best Reviews TopConsumerReviews.com Best Installment Loans Best Reviews
Best Reviews
      March 26, 2019

Home  >  Installment Loans  >  LendingTree vs 100 Lenders

Best

Installment Loans

  1. SoFi
  2. LendingTree
  3. Upstart
  4. 100 Lenders
  5. Net Credit
  6. One Main Financial
  7. Personal Loans
  8. iLoan
  9. LifeLoans
  10. Max Lend

Compare Products

  • Select any 2 companies in our reviews to compare them head-to-head!
  • Compare

Your Information Is Secure
Personal Loan Tips Newsletter

Latest Reviews

ADHD

Eczema

Flower Delivery

Fruit Baskets

Hair Loss

Hair Removal

Menopause Relief

Pet Meds

Ringworm

Watches

 

Individual Reviews

LendingClub

SoFi

LendingTree

Live Watch

100 Lenders

Net Credit

One Main Financial

Personal Loans

iLoan

Life Loans

Max Lend

 

Our professional reviewers evaluate products and services independently, but Top Consumer Reviews may earn money when you click on the links on our pages. Learn more.

Better Business Bureau Reliability Seal

LendingTree vs 100 Lenders

Best Installment Loans

To help you find the Best Installment Loans, TopConsumerReviews.com provides you with an in-depth comparison of LendingTree and 100 Lenders.

To see ALL of our reviews for the Best Installment Loans, please Click Here

Medical bills, unexpected car repairs, layoffs and more - does any of this ring a bell? There are lots of reasons why many people find themselves strapped for cash. What can you do if your income just isnít enough to make ends meet and you need money?

If you have a financially-comfortable friend or relative, you could put yourself through the embarrassment of asking them for a loan - which would be better than paying the extremely high interest rates associated with most credit cards or payday loans. Another option is to consider an installment loan.

Continue reading below reviews

Best Reviews

2019

Installment Loan Reviews

4.5 stars
LendingTree

LENDINGTREE Visit Site

Loan:

From $1,000 to $35,000

If you've ever considered getting an installment loan, chances are good that you've heard of LendingTree. Their "A+" rating as an accredited business with the Better Business Bureau is well-deserved, given their nearly 20-year history of helping borrowers connect with a wide network of interested lenders.

As you begin the application process with LendingTree, one requirement not often found with their competitors is the need to provide your credit score. Entering your personal information on the LendingTree website will not affect your credit score or credit report, however.

After entering your information, LendingTree will give you a list of lenders who are willing to fund your loan, ranging from $1,000 to $35,000. LendingTree itself doesn't fund loans; rather, they work as a connection service that matches you with their lending partners. Fortunately, none of your personal information is given directly to any of those lenders until you've had a chance to look through the terms, rates, and fees of each company that is willing to give you the funds and to choose one that best fits your needs.

And, if you like to negotiate, feel free to reach out directly to any of the matched lenders you receive from LendingTree - you'll find each lender's direct contact information on your results page, so that you can request a lower rate or other differences in terms. LendingTree doesn't publish any rates or fees, specifically because they depend so heavily on the terms offered by each individual lending partner.

Especially because they work with a wide network of lending partners, including those who will work with borrowers that have lower credit scores, we think most people will have a positive experience with the LendingTree process. As one of the most recognized sources for obtaining installment loans, we give LendingTree a very high rating.

Visit Site

4 stars
100 Lenders

100 LENDERS Visit Site

Loan:

From $100 to $35,000

As a connection service, 100 Lenders helps to bring borrowers and lenders together for loans ranging from $100 to $35,000. Applying for a loan with 100 Lenders is simple: provide your basic information (name, address, Social Security number, and frequency of your paychecks), and in a matter of minutes, you will get a list of loans offered by their lender network.

Because 100 Lenders does not fund loans themselves, you should be aware that interest rates, fees, and other terms depend completely on their partner lenders. That's one disadvantage of working with a partner service - not being able to determine in advance what the possible costs may be when taking out an installment loan. However, 100 Lenders has a very solid reputation, with hundreds of reviews from satisfied borrowers.

100 Lenders also participate in the Online Lenders Alliance, which requires all members to abide by accepted ethical standards while participating in the loan industry. So, while we would have liked to see even a possible range of APRs and fees from a sample of 100 Lenders' partners, we feel reasonably confident that the loans they facilitate aren't coming with extremely high fees or interest rates (otherwise, their customer satisfaction scores and reviews would tell a much different story).

There are a few factors that may make 100 Lenders a less-than-suitable choice for your installment loan, though. First, if you are a resident of Vermont, Washington, New York, Arkansas, Georgia, West Virginia or Oregon, you aren't eligible to apply for a loan through 100 Lenders' network. Also, even though 100 Lenders does accept applicants no matter their credit score, many of their lenders will only extend a higher interest rate payday loan to borrowers whose credit scores are below a particular level. In other words, if you've got bad credit and you're looking for a long-term installment loan, you might not get it through a 100 Lenders partner.

In general, 100 Lenders' track record of helping over 300,000 people with the loan application process in the last decade is solid, and their network of lending partners can meet many people's needs. Unfortunately, they aren't able to work in several large states, and don't seem to offer installment loans to customers with low credit scores.

Visit Site

Continued from above

Repaid over time with a predetermined number of set payments, these loans can help bridge the gap between what you have and what you need while allowing you to comfortably accommodate the repayment schedule. Many installment loans today are funded using a system known as a social lending network, matching borrowers with lenders through a peer-to-peer structure. Compared with other loans available, these installment loans usually have lower interest rates, mostly because of the lower overhead costs associated with this type of borrowing.

While you may feel a little apprehensive when trying to choose a lender for your installment loan, there are several factors you can use to make sure your loan is on solid footing. When looking at any potential lender, here are three things to check out:

  • Loan application process. What do you need to provide in terms of documentation to complete the application? Can all or most of the process be done online?
  • Loan rates, terms, and amounts. Will the lender provide an installment loan that covers the amount you need? Do the available repayment terms Ė such as the interest rate, and length of the loan - seem reasonable?
  • Reputation. Does the lender have a good track record for providing quality customer service? Is the lending company accredited with the Better Business Bureau?

TopConsumerReviews.com has reviewed and ranked the best Installment Loans available today. We hope this information helps you find the loan you need with the best possible rate and terms!

What Is an Installment Loan

At NerdWallet, we adhere to strict standards of editorial integrity to help you make decisions with confidence. Many or all of the products featured here are from our partners. Here's how we make ...

Published:  Wed, 06 Mar 2019 16:00:00 GMT



CFPB Proposes Amendments to Payday Rule and Its Compliance Date

The first NPRM proposes to rescind certain underwriting provisions of the Payday, Vehicle Title, and Certain High-Cost Installment Loans Rule and the second NPRM proposes to delay the Rule's ...

Published:  Wed, 27 Feb 2019 16:49:00 GMT



Indiana Senate mulls measure that would allow 192 percent interest rate on certain payday loans

But this year's legislation is getting some high-powered lobbying assistance from another group: subprime loan companies that specialize in installment loans with interest rates of nearly 100 percent. ...

Published:  Tue, 26 Feb 2019 06:57:00 GMT



Effort to legalize 'loan shark' rates could bring a new breed of lender to Indiana

Check out this story on IndyStar.com: ...

Published:  Tue, 26 Feb 2019 05:28:00 GMT



PINTEC Academy: How to Design Installment Payment Services for Online Education Platforms

personal installment loan solutions, business installment loan solutions, wealth management solutions and insurance solutions. PINTEC's services include: consulting services, SaaS technology services ...

Published:  Thu, 07 Mar 2019 03:59:00 GMT



Curo Group: Short-Term Gain, Long-Term Pain

Another bearish factor, which has contributed to the industry's decline and shift towards lines of credit and installment loans, is online banking by the big financial institutions which now offer ...

Published:  Mon, 25 Feb 2019 01:57:00 GMT



How Do Alternative Installment Loans Work

Installment loans, like personal loans, car loans or mortgages, provide funds with a predictable repayment schedule. But for consumers with bad credit, some payday and online lenders are offering a ...

Published:  Fri, 15 Feb 2019 10:04:00 GMT



Expensive Loans to Desperate People Built This $90 Billion Industry

But even with the CFPB proposal and a friendly U.S. administration, some online lenders are moving away from payday loans. Many have pivoted toward installment loans, which are paid back over time ...

Published:  Thu, 14 Feb 2019 18:23:00 GMT



Share Us!    Share TopConsumerReviews.com on Twitter Share TopConsumerReviews.com on LinkedIn Share TopConsumerReviews.com on Google+ Share TopConsumerReviews.com on Pinterest

Home      About Us      Terms & Conditions      Privacy Policy      Contact Us      Disclosure