LendingTree Review

#1 in Debt Consolidation Loans

Lending Tree is a leading loan matching service that lets borrowers quickly compare up to 5 free offers from competing lenders. The company is famous for the slogan, “when banks compete, you win!” which is exactly why borrowers are able to get better loan terms with lenders. Lending Tree offers personal loans which can be used for debt consolidation. Borrowers get access to funds of up to $35,000 to pay existing loans. This free service can be used to compare multiple loan offers and get access to leading loan providers nationwide. Lending Tree also has resources such as additional financial tools and a convenient online application. 

Company Profile                                                                                                                         

BBB Rating

A+

TrustPilot

9.4

CreditKarma

1.6

Participating States

45

Loan Matching Service

Direct Lenders

AFCC

IAPDA

FDIC Insure Trust Account

FTC Compliant

Loan Basics

Minimum Loan Amount

$1,000

Maximum Loan Amount

$35,000

Loan Terms

3 mos - 15 years

APR

5.99% - 35.99%

Interest Rate

8.50% - 18.0%

Origination Fee

$2,000

Late Payment Fee

Additional Fees

Upfront Fees

None

Consultation Fees

None

Fees and Charges

N/A

Prepayment Penalty

Yes

Qualifying

Proof of Income

Credit History

Financial Stability

Equity

Minimum Credit Score

639+

Application

Online Application

Response Time

A few minutes

Direct Deposit

18+ Years of Age

US Citizen or Permanent Resident

Social Security Number

Home Address

Email Address

Checking Account

Customer Support

Email

Phone

Loan Consultants

Summary

Lending Tree gives debt consolidation borrowers the opportunity to get better loan terms and loan rates by letting lenders compete for their business. While most borrowers searching for debt consolidation find themselves with less than ideal credit scores, Lending Tree gives them the best opportunity to qualify for a loan by submitting it to multiple lenders. Its free, no obligation multiple quotes and convenient loan application process makes Lending Tree a must visit for debt consolidation loans.

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