LendingTree vs Personal Loans
TopConsumerReviews.com is a world-leading consumer product review site. We provide detailed reviews and ratings for thousands of products and services.
LendingTree vs Personal Loans
Disclosure: We are not compensated by companies for their reviews, but we may be compensated for links and advertisements on our website. Click here for details.
LendingTree is one of the most recognized names in the personal loan market, connecting borrowers with a wide assortment of potential lenders that can meet their financial needs on loans from $1,000 to $35,000.
As a connection service rather than a lender, the loan products LendingTree has to offer and their terms and conditions naturally vary with each individual lender. One advantage of using LendingTree is the ability to survey multiple lenders' offerings without having to disclose one's identifying information to those lenders, only doing so when the customer has made the decision to apply for the lender that best fits their requirements. Borrowers can also use offers obtained on LendingTree to negotiate directly with lenders; LendingTree provides customers with lenders' direct contact information for that very purpose.
If you choose to research loans using LendingTree, be aware that you will need to provide your credit score, which is used by lenders to determine if they would like to compete for your business. Even if you have a low credit score, you may still receive offers as LendingTree has several providers who work with borrowers just like you.
One thing to note is that LendingTree's main website takes you to the page for entering your information to get started in the quote process, and there is very little other information on that page. We were able to determine that entering your personal information to begin the process will not impact your credit report or your credit score, though we would have liked to see that fact clearly spelled out on LendingTree's landing page.
With a solid A+ rating with the Better Business Bureau, accredited since 1998, and its ability to connect borrowers with a wide range of potential lenders, we give LendingTree high marks.
Personal Loans works to connect their customers with a reputable, qualified lender that can help with their personal loan needs. Personal Loans provides access to peer to peer loans, personal installment loans, and personal bank loans for customers located in all U.S. States except North Dakota and Maine. For those seeking a loan between $1,000 and $35,000 this company provides a lot of flexibility to suit the needs of many. Unfortunately we were unable to verify the current Better Business Bureau score of Personal Loans.
Personal Loans does require all customers be at least 18 years old, have a social security number, and be a legal U.S. citizen or permanent resident. Additional requirements include full time employment, self-employment or the receipt of Social Security benefits and/or disability. Customers are more likely to be accepted for a personal loan if they have a credit score of at least 580 or greater and a decent payment history.
The current loan rates through Personal Loans are not publicized due to the varying types of loans and number of lenders that are utilized. Requesting a loan at Personal Loans is rather straightforward:
Personal Loans does not charge you, the customer, for the lender connecting process. Any related fees are accessed directly to their lender partners. The website is informative and easy to navigate with the option to email or call if questions occur.
The benefits of working with Personal Loans is the variety of loan options, the quick approval process and the payment turnaround. Despite finding several positive customer reviews online we would have liked to have validated their BBB rating and found more history on the company to feel more confident. However, if you're looking for a personal loan, Personal Loans may be worth looking into when flexibility and speed are important.
To help you find the Best Personal Loans, TopConsumerReviews.com provides you with an in-depth comparison of LendingTree and Personal Loans.
Are you in need of some cash? Historically, borrowers have had limited options for a personal loan. You could ask a family member, a friend, or find a personal finance company that offered fixed-rate loans, typically at exobrtantly high interest rates.
Today, however, finding a personal loan brings several more options to the table. While you can still ask a family member, or get a high-rate loan from a finance company, you can also consider using a social lending network. These networks, also called peer-to-peer loans, generally have much lower overhead and as a result can offer much lower interest rates. They're facilitated by professional companies familiar with this type of lending, to simplify things for all parties.
No matter where you borrow money from, before you get your next personal loan you should consider the following:
TopConsumerReviews.com has reviewed and ranked the best online personal loan providers available today. We hope this information helps you find the best loan at an affordable rate that meets your needs!
Personal Loans In The News
Defaulting on your loans can lead to some pretty serious consequences, from poor credit to wage garnishment. So if you feel like your student loan payments are becoming unmanageable, it's a good idea ...
Published: Fri, 17 Aug 2018 10:08:20 GMT
HL Financial Services LLC trimmed its position in First Trust Senior Loan ETF (NASDAQ:FTSL) by 4.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 28,3...
Published: Fri, 17 Aug 2018 18:30:00 GMT
Why an instant approval personal loan might be the ideal choice for you In this article, we'll discuss how instant personal loans are always an option if you find yourself in need of some quick cash. ...
Published: Sat, 21 Jul 2018 13:47:00 GMT
There was a time when your paycheque made you eligible for marriage. Now it makes you eligible for credit, including unsecured personal loans and credit cards. Personal loan disbursements have grown a...
Published: Mon, 28 May 2018 17:23:00 GMT
Heather Turner and her husband needed a few thousand dollars to jump-start the adoption of a teenager from Ukraine, and their timing was good: Lenders led by online firms have opened the spigot for pe...
Published: Tue, 03 Jul 2018 21:30:00 GMT
We have all been in situations where we have found ourselves in need of money. In school or colleges we could probably borrow it from our friends or family, but there are bound to be instances where o...
Published: Fri, 13 Jul 2018 05:33:00 GMT
Hoboken, NJ, July 03, 2018 (GLOBE NEWSWIRE) -- LendEDU, an information site and marketplace for financial products, announced the top lenders for the third quarter of 2018 for student loan refinancing ...
Published: Tue, 03 Jul 2018 01:22:00 GMT
The personal loan industry is having a record year, with the value of outstanding balances going up 18 percent in the first quarter of 2018. The growth in these personal loans isn't due just to big tr...
Published: Wed, 04 Jul 2018 07:44:00 GMT
Dar es Salaam - Personal loans grew by 56 per cent during the third quarter of this year ended in March from a contraction of 4.9 per cent during the first quarter of last year ended in March. This si...
Published: Wed, 13 Jun 2018 05:06:00 GMT
Have you noticed that your mailbox has been full of companies such as Lending Club, Marcus by Goldman Sachs, and others that are practically begging to lend you their money You aren't alone -- accord...
Published: Thu, 28 Jun 2018 03:07:00 GMT
- View Full Site -
Reproduction in whole or in part in any form without the express written consent of TopConsumerReviews.com, LLC is strictly prohibited.