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LendingTree Review

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LENDINGTREE

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.

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Personal Loans

To help you find the Best Personal Loans, TopConsumerReviews.com provides you with an in-depth LendingTree Review.

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:

  • BBB rating. Does the lending company have a solid history of doing good business with its customers?
  • Loan size and rate. How much will the lending company offer? What interest rate do they charge their customers?
  • Loan application process. When applying for your personal loan, can it be completed online? Is the lending process easy and straightforward?

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

The Bar Character And Fitness Process Is Flawed When It Comes To Student Loans

Jordan Rothman is the founder of Student Debt Diaries, a personal finance website discussing how he paid off all $197,890.20 of his college and law school student loans over 46 months of his late 20s. You can reach him at Jordan@studentdebtdiaries.com.

Published:  Wed, 20 Jun 2018 11:56:00 GMT



How to navigate confusing gov't loan forgiveness program

The government created the public service loan forgiveness program with a simple premise: Take a job to help the greater good and get some debt relief down the road. In reality, the process of getting that promised relief has been neither simple nor forgiving.

Published:  Wed, 20 Jun 2018 10:29:00 GMT



Tanzania: Personal Loans Up - BoT

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 situation shows how commercial banks are currently ...

Published:  Wed, 13 Jun 2018 05:06:00 GMT



5 Things Student Loan Borrowers Think Servicers Can Do For Them--That They Can't

Debra Chromy, president of an association of non-profit and state government servicers, the Education Finance Council, today pointed out five myth traps not to fall into about the aid they can give borrowers to help get out of student loan debt traps.

Published:  Tue, 19 Jun 2018 12:19:00 GMT



Credit crunch to stay as banks harden stance on loan security

Most banks want to tighten their credit standards and make it harder for borrowers without collateral to access loans. In the latest credit survey by Central Bank of Kenya (CBK), banks say the twin impact of interest rate cap and the onset of International ...

Published:  Wed, 20 Jun 2018 14:24:00 GMT



Banks' credit in personal loans too high compared to degrowth in infra sectors: ASSOCHAM

MANGALURU: Banks are deploying credit over-enthusiastically in retail finance like personal loans, credit card overdrafts, vehicle loans etc, while witnessing negative growth in key infrastructure sectors like telecom, power and roads, an ASSOCHAM paper ...

Published:  Sun, 20 May 2018 18:05:00 GMT



Tanzania: Why Tanzanian Banks Now Banking On Personal Loans for Profit

Dar es Salaam - The share of personal loans to commercial banks' total credit to various economic activities is on the rise as lenders shift to salaried workers to increase their profits amid declining yields on government securities. The Bank of ...

Published:  Tue, 29 May 2018 02:41:00 GMT




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