Since 1997, LendingTree has been comparing financial lenders for consumers. The company helps people find financial companies with the lowest rates in debt consolidation, home loans, personal loans, car loans, and more. It is important to note that LendingTree is a 3rd party comparison service and not an actual debt consolidation company. The debt consolidation option LendingTree has are as follows:
- Personal loans
- Credit cards
- Using your home equity to refinance
- Debt relief
- Student loan consolidation
While LendingTree credit card consolidation and many of these other services are fine for people in debt, the best option is usually debt relief. When you select debt relief, even though LendingTree is a third party site, the only company shown is Freedom Debt Relief. Freedom Debt Relief may be a good option for some, but we always recommend borrowing without a third party.
- Offers a free consultation over the phone
- Is accredited with NFCC and ISO
- In business almost 20 years
- A+ rating with the BBB
Most of the debt consolidation options LendingTree has are all loans. Since LendingTree is a third party provider, those looking for a legitimate debt relief program will be redirected to Freedom Debt Relief.
It you are still learning about debt consolidation, it might be beneficial for you to check out LendingTree. They provide such a broad-spectrum of education resources and tools to consumers. Their “Tools and Learning” center offers anyone on the path to financial literacy a solid outlet for informative articles, glossary terms, news, articles, calculators and even an “advice” section. For those who prefer visual media they include a list of featured videos incorporating a little humor on financial responsibility, which makes learning a little easier to digest.
- Third party lender, so many loan specifics are unknown
- They mostly offer information on consolidation loans – not actual consolidation programs
- Lacks major industry accreditations
- The states they can work in are unknown
Most of the debt consolidation options LendingTree has are actually personal loans. LendingTree is not the actual lender and information is outsourced to other companies.Since LendingTree is a third party provider, those looking for a legitimate debt relief program will be redirected to Freedom Debt Relief.
Because they are not actual lenders, they lack some highly recognized and federally back accreditations and on top of that, there are no credit counseling services provided to consumers wishing to become educated on financial management. We would like to see them incorporate some credit counseling companies on their vast list of service offerings.
While the company provides a quick and east method for both lenders and consumers to have their financial needs met, it’s important to remember that once personal information is entered and submitted, inboxes will be flooded with offers and phone lines will become tied-up from companies competing. However, the company does well to take anyone off their list and send out do-not-contact information to lenders on the applicants behalf, unlike some other comparison-type companies.
As far as managing any consolidation loans, they use Freedom Debt Relief as a service provider.
Each individual situation varies.
There are no upfront fees to pay to get your loan started, and all fees associated with your loan are rolled into the bulk of whatever loan you get with them. Non-profit consolidation companies have fixed up-front pricing and it varies per state.
Money-Back Guarantee / Cancellation Policy
Unknown. Dependent on your loan provider.
Yes, over the phone the agents are able to consult with you and help you pick the best loan for your needs. The website also gives you a way to get some consultations with loan officers before choosing the loan you want.
Time in Business
18 years. They have been in business since 1997.
Lending Tree, LLC is an accredited business with the BBB. They have an A+ rating as well. With such a large company, and one that has been in business for many years, it can be common to have lots of complaints. They have had complaints, but have resolved them with customers.
Their customers can make use of the following resources:
- Mortgage Calculators
- Mortgage Negotiator
- Mortgage Checkup
- Live Mortgage Rates
- Ratings and Reviews
- Loan Officer Directory
- Advice and Articles
- Glossary of Terms
Unsecured vs. Secured Loans
Personal loans are unsecured only, but home and refinancing loans are secured.
Lending Tree offers a mobile friendly site and an app for iPhone users. It’s called the Mortgage RateFinder App which does a search for you to pair you up with customized loan offers. Once you see an offer that appeals to you, you can then click on it so you can be contacted by that specific lender.
- Loan consolidation
- Buying a Home
- Reversing Mortgage Loans
- Home Equity Loans
- FHA Loans
- VA Loans
- Better Mortgage and Refinancing Rates
Minimum Debt Accepted
For debt and credit card consolidation, the minimum loan you can get is $1,000.
Since Lending Tree is a lender exchange service, they do not offer an online dashboard for members. All debt information and payments are handled by whatever lender the customer chooses for their loan.
No, Lending Tree employees are not CPFC certified. All personal financial planning is done with their lending partners.
Lending Tree is not certified by the International Organization for Standardization (ISO), because they are just a lender exchange service.
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