Should i trust lending tree

He was very patient with my never-ending questions and was always professional and helpful. He was not pushy or salesy in any way. I would definitely recommend their services for your financial needs. My phone was hammered with calls in 5 minutes as soon as I hit submit.

The second you hit "submit" to get the quotes, your phone will blow up and you will get hundreds of calls, non-stop. I am still blocking numbers and had to turn off my phone for days. It still has not stopped. I had to tell all my clients to text me and I will call them back since I can't turn my phone back on.

I refuse to do business with any of the Lending Tree lenders due to their overly aggressive phone calling. Checking loan rates aren't supposed to have any impact on your credit score. However the companies Lending Tree works with do hard inquiries. So you fill out an application with Lending Tree then get 3 - 6 different hard hits on your credit which lowers your score.

Checking rate aren't supposed to trigger hard inquiries. You're better off going to an individual company like your bank or credit union first. Stay away from market places like this. They didn't even try to locate any possible lenders.

Just said, "Nope. Your credit is horrible and we want you to pay us to fix it. I never entered my social security information so how would they even know what's on my report. Ever since I requested quotes from LendingTree, my phone has been called dozens of times a day. There is no way for me to make it stop and it is driving me nuts!!

I'm pretty sure they sold my number to some list makers or something, as I'm now getting calls not just in regards to refinancing my mortgage, but also to buy my home.

I would advise everyone to use a real broker and stay away from these guys, or use a burner phone you can throw away when you're done finding the lender you want to work with. I just responded to an unsolicited pop-up from LendingTree. I was curious about the current refinance mortgage rates. After answering their questions and hitting "submit", my phone started blowing up, even before LendingTree responded with their 5 best offers.

I did not see on LendingTree's page anywhere where they revealed that they would share my info, but I have probably, over the last three days, blocked over phone numbers on my phone and I am still getting calls and emails. These calls are originating all over the United States. I am also getting text messages, asking when a "good time to have a convo about my mortgage needs".

Avoid the LendingTree trap. Live agent Save Saved. Get Started. Call Now Toll Free. Create a personalised content profile.

Measure ad performance. Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. A consumer in search of a mortgage has several options.

They can visit a local bank or credit union. They can go to a direct mortgage lender such as Quicken Loans. Or they can try to obtain multiple loan offers simultaneously by using a site like LendingTree. For individuals looking to shop around for their home loan in relatively little time, the LendingTree route is one you may want to consider.

The company doesn't offer mortgages itself, but rather acts as a lead-generator for a vast array of lenders in its network. When creditworthy customers submit their request for a loan, they are likely to obtain offers from a handful of those participating lenders within minutes. As long as you understand how to navigate the process—which will keep lenders from calling and emailing you to secure your business—it's a quick way to see what rates you qualify for and potentially proceed with a formal loan application.

LendingTree is not a mortgage provider, nor is it a broker. Like a broker, the company connects consumers with multiple banks and loan companies. However, LendingTree doesn't steer you through the mortgage process like a broker does, but rather serves as a lead-generation tool that allows lenders to essentially bid on homebuyers and refinancers who fit their criteria. Nor does it charge a fee as a percentage of the loan amount as a broker would. Founded in , LendingTree describes itself as an "online lending marketplace.

These lenders then compete for the borrower's business. LendingTree's selling point is that competition drives down prices, so mortgage bankers and brokers theoretically offer lower rates and fees when they know they are in direct competition with several others. The first step to obtaining a LendingTree mortgage is to submit a loan request, either on the company's website or by calling its number.

You're asked a series of questions about the amount and type of loan you're seeking i. LendingTree also asks for your Social Security number, which the company uses to obtain your credit score.

It's important to note that the information you provide LendingTree does not constitute a formal application that's completed through one of the lenders, should you accept an offer. As a lending marketplace, the company does not make any approval decisions itself. Rather, it passes your information along to its network of lenders, who decide whether or not to extend an offer based on their loan criteria. According to LendingTree, you may get preliminary quotes from up to five lenders, often within a few minutes, via email.

Some banks and mortgage companies favor borrowers with a credit score in the good or very good range , while others are able to work with scores in the range, even as low as However, one of LendingTree's strengths, the ability for lenders to compete for your business, can also be one of its drawbacks.

Some borrowers report receiving a flood of calls from LendingTree-affiliated lenders almost immediately. The application was quick and easy. The reason I gave a 5-star review was because I have not received any spam emails or phone calls like you do from other websites. I would definitely recommend Credible over LendingTree. LendingTree is one of the first and largest peer-to-peer online lending exchanges, first established in Charlotte, North Carolina in Its purpose is to bring borrowers and multiple lenders together so that they can agree on arrangements for:.

Its website also offers personal finance services and tools, such as providing information about credit cards and credit scores. LendingTree is an alternative way to borrow because the loans originate from individual investors and small companies, as well as from traditional lenders like banks.

It has handled millions of inquiries since its inception. Borrowers benefit from the competition among different lenders that can result in lower interest rates and access to loans even when banks have declined your loan application. The loan process is fairly standard, although the information you enter varies with the type of loan you request. LendingTree only offers to provide you with your actual credit score after you finish the application.

It asks a series of questions to confirm your identity first. It then shows you all the offers available for the loan amount you requested, including the:. You can ask for additional detail or immediately apply for one of the offers, in which case you will have to enter additional information. All during the application process, LendingTree will send you emails telling you your status. You can easily complete the entire procedure in 15 to 30 minutes. An excessive number of credit inquiries can lower your credit score.

LendingTree also has a LoanExplorer page that displays current quotes base on several parameters you can enter without identifying yourself. We found that LoanExplorer seems to be customized to mortgage loans only. Lending terms vary considerably, depending on your credit score, income, type and amount of loan and other considerations. Typically, loans have a length of three years or longer. We found a range of loan funding sources, from banks to mortgage lending companies to bids from unknown lenders that may be small companies, partnerships or even individuals.

On the other hand, do you really care? Enter your loan information to calculate how much you could pay. Need advice on a loan? Go to Lending Tree. Home Financing LendingTree covers every home lending situation you can imagine.

So, which type of home loan are you interested in: Purchasing your home Refinancing your home Home equity loan Reverse mortgage loan It does not matter because LendingTree has you covered on all your home loan needs.

Credit Cards Credit cards — where do we start? On top of that, credit cards are everywhere! These offers are based on factors specific to your profile. You can view offers side-by-side for easy comparison.

And the best part? You can skip filling out separate applications for each credit card company. That statistic demonstrates the absolute madness occurring with student loans. Student loans are one of the most important financial decisions of your life! But if you are not covered by government loans… …your loan search could turn into a nightmare. There are many student loan offerings with their own often unfavorable terms.

LendingTree streamlines this process by providing your options in one place. LendingTree has programs for new loans and refinancing existing loans. These are 3 prominent areas of LendingTree and of borrowing, in general. Debt Consolidation LendingTree offers debt consolidation loans and resources to help you manage the process.

And you should understand the following items before choosing your loan: What debt consolidation involves How debt consolidation works The benefits of debt consolidation also, when you should and should not You can find the answers to the above directly on LendingTree.

There is no one-size fits all debt consolidation loan. LendingTree lists the pros and cons of each type of financing. You can consolidate various types of debt, including: Student loans Unsecured personal loans Medical bills Utility bills Bills in collections Taxes Court judgments Lastly, the Company provides a debt consolidation calculator. This tool can estimate the money you can save by consolidating your debt.

Business Loans If you are a small business having trouble securing a loan… …you need to check out LendingTree. LendingTree has numerous small business lenders available on their website. LendingTree provides the following types of business loans: Small business loans SBA loans Short-term business loans Long-term business loans Business lines of credit LOC Working capital loans Equipment financing Accounts receivable financing Business credit cards Auto Loans You can find loans for cars, trucks, vans, motorcycles, and boats.

Simply provide detail on the financing you need e. LendingTree will use that information to find relevant and competitive loan offers. LendingTree Additional Resources LendingTree offers tons of free resources relating to loans, credit, and general finance. These resources will come in handy to you at some point in your life.

You can compare home purchase and home refinancing rates. You will receive a list of the most competitive rates in your area to compare directly. Additionally, you can view a chart of daily mortgage rate trends.