How reliable is lending tree


LendingTree Reviews: Are They Worth It?

Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. By refinancing your mortgage, total finance charges may be higher over the life of the loan.
Credible Operations, Inc. NMLS # 1681276, is referred to here as "Credible."

LendingTree helps borrowers find many different types of loans (such as personal loans and mortgages) through a lending marketplace.

Multiple lenders compete for your business on the LendingTree platform, but keep in mind that LendingTree is not a lender itself.

In this LendingTree review:

  • People who have tried LendingTree vs. Credible
  • LendingTree background
  • Application process
  • Lending terms
  • Loan funding
  • Consumer complaints and reviews
  • Is LendingTree a good choice?

Consider Credible, a newer alternative to LendingTree.  Credible makes it easy to compare loan options, fast and secure.

The personal loan companies in the table below compete for your business through Credible. You can compare rates from all of these partner lenders without affecting your credit score.

LenderFixed ratesLoan amountsMin. credit score


Credible Rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

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9. 95% - 35.99% APR$2,000 to $35,000**550
  • Fixed APR: 9.95% - 35.99% APR
  • Variable APR: N/A
  • Min. credit score: 550
  • Loan amount: $2,000 to $35,000**
  • Loan terms (years): 2, 3, 4, 5*
  • Time to fund: As soon as the next business day (if approved by 4:30 p.m. CT on a weekday)
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: Available in all states except CO, IA, HI, VT, NV NY, WV
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Loan servicer: Avant
  • Loan Uses: Debt consolidation, emergency expense, life event, home improvement, and other purposes
  • Min. Income: $1,200 monthly


Credible Rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

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7.99% - 15.19% APR$10,000 to $50,000700
  • Fixed APR: 7.99% - 15.19% APR
  • Variable APR: N/A
  • Min. credit score: 700
  • Loan amount: $10,000 to $50,000
  • Loan terms (years): 3 to 6
  • Time to fund: Next business day
  • Fees: No prepayment penalty
  • Discounts: None
  • Eligibility: Available in all 50 states
  • Customer service: Phone
  • Soft credit check: Yes
  • Min. Income: Does not disclose
  • Loan Uses: Debt consolidation, home improvement, self-employment, and other purposes


Credible Rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

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7.99% - 35.99% APR$5,000 to $35,000600
  • Fixed APR: 7. 99% - 35.99% APR
  • Variable APR: N/A
  • Min. credit score: 600
  • Loan amount: $2,000 to $50,000
  • Loan terms (years): 2, 3, 4, 5
  • Time to fund: As soon as 1 to 3 business days after successful verification
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all states except DC, IA, VT, and WV
  • Customer service: Phone
  • Soft credit check: Yes
  • Loan servicer: Best Egg and Blue Ridge Bank
  • Min. Income: None
  • Loan Uses: Credit card refinancing, debt consolidation, home improvement, and other purposes


Credible Rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

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6.99% - 24.99% APR$2,500 to $35,000660
  • Fixed APR: 6. 99% - 24.99% APR
  • Min. credit score: 660
  • Loan amount: $2,500 to $35,000
  • Loan terms (years): 3, 4, 5, 6, 7
  • Time to fund: As soon as the next business day after acceptance
  • Fees: Late fee
  • Discounts: None
  • Eligibility:  Available in all 50 states
  • Customer service: Phone
  • Soft credit check: Yes
  • Loan Uses: Auto repair, credit card refinancing, debt consolidation, home remodel or repair, major purchase, medical expenses, taxes, vacation, and wedding


Credible Rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

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7.99% - 29.99% APR$10,000 to $35,000Not disclosed by lender
  • Fixed APR: 7.99% - 29.99% APR
  • Min. credit score: Does not disclose
  • Loan amount: $10,000 to $50,000
  • Loan terms (years): 2, 3, 4, 5
  • Time to fund: As soon as 2 business days
  • Fees: Origination fee
  • Discounts: No
  • Eligibility: Available in all states except CO, CT, HI, KS, NH, NY, ND, OR, VT, WV, WI, and WY
  • Customer service: Phone
  • Soft credit check: Yes
  • Min. Income: None
  • Loan Uses: Debt consolidation, home improvement, wedding, travel, medical expenses, and other purposes

Credible Rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

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7.99% - 29.99% APR$5,000 to $40,000600
  • Fixed APR: 18. 0% - 35.99% APR
  • Min. credit score: None
  • Loan amount: $1,500 to $20,000
  • Loan terms (years): 2, 3, 4, 5
  • Time to fund: As soon as the same day, but usually requires a visit to a branch office
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Must have photo I.D. issued by U.S. federal, state or local government
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: Does not disclose


Credible Rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

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8.3% - 36.0% APR$1,000 to $40,000600
  • Fixed APR: 8.3% - 36.0% APR
  • Min. credit score: 600
  • Loan amount: $1,000 to $40,000
  • Loan terms (years): 3, 5
  • Time to fund: Usually takes about 2 days
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all 50 states
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Loan servicer: LendingClub Bank
  • Min. Income: None
  • Loan Uses: Debt consolidation, paying off credit cards, home improvement, pool loans, vacations, and other purposes


Credible Rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

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7.99% - 35.99% APR$2,000 to $36,500580
  • Fixed APR: 7. 99% - 35.99% APR
  • Min. credit score: 580
  • Loan amount: $2,000 to $36,500
  • Loan terms (years): 2, 3, 4, 5, 6
  • Time to fund: As soon as the next business day
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: Available in all states except NV and WV
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: $20,000
  • Loan Uses: Home improvement, consolidate debt, credit card refinancing, relocate, make a large purchase, and other purposes


Credible Rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

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5.73% - 19.99% APR$5,000 to $100,000660
  • Fixed APR: 5. 73% - 19.99% APR
  • Min. credit score: 660
  • Loan amount: $5,000 to $100,000
  • Loan terms (years): 2, 3, 4, 5, 6, 7*
  • Time to fund: As soon as the same business day
  • Fees: None
  • Discounts: Autopay
  • Eligibility: Available in all states except RI and VT
  • Customer service: Phone, email
  • Soft credit check: No
  • Loan servicer: LightStream
  • Min. Income: Does not disclose
  • Loan Uses: Credit card refinancing, debt consolidation, home improvement, and other purposes


Credible Rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

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6.99% - 24.99% APR1$3,500 to $40,0002660
(TransUnion FICO®️ Score 9)
  • Fixed APR: 6. 99% - 24.99% APR1
  • Min. credit score: 660
    (TransUnion FICO®️ Score 9)
  • Loan amount: $3,500 to $40,0002
  • Loan terms (years): 3, 4, 5, 6
  • Time to fund: Many Marcus customers receive funds in as little as three days
  • Fees: None
  • Discounts: Autopay
  • Eligibility: Available in all 50 states
  • Customer service: Phone
  • Soft credit check: Yes
  • Loan servicer: Goldman Sachs
  • Min. Income: $30,000
  • Loan Uses: Credit card refinancing, debt consolidation, home improvement, major purchase, and other purposes

Credible Rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

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18.0% - 35.99% APR$1,500 to $20,000None
  • Fixed APR: 7. 99% - 29.99% APR
  • Min. credit score: 600
  • Loan amount: $5,000 to $40,000
  • Loan terms (years): 2, 3, 4, 5
  • Time to fund: As soon as 2 to 5 business days after verification
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all states except MA and NV
  • Customer service: Phone, email, chat
  • Soft credit check: Yes
  • Min. Income: None
  • Loan Uses: Debt consolidation and credit card consolidation only


Credible Rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

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7.74% - 17.99% APR$600 to $50,000
(depending on loan term)
660
  • Fixed APR: 7. 74% - 17.99% APR
  • Min. credit score: 660
  • Loan amount: $600 to $50,000*
  • Loan terms (years): 1, 2, 3, 4, 5
  • Time to fund: 2 to 4 business days after verification
  • Fees: None
  • Discounts: None
  • Eligibility: Does not disclose
  • Customer service: Phone, email
  • Soft credit check: No
  • Min. Income: Does not disclose
  • Loan Uses: Debt consolidation, home improvement, transportation, medical, dental, life events


Credible Rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

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6.99% - 35.99% APR$2,000 to $50,000640
  • Fixed APR: 6. 99% - 35.99% APR
  • Min. credit score: 640
  • Loan amount: $2,000 to $50,000
  • Loan terms (years): 2, 3, 4, 5
  • Time to fund: As soon as one business day
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all states except IA, ND, WV
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: None
  • Loan Uses: Debt consolidation, home improvement, vehicles, small business, new baby expenses, and other purposes


Credible Rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

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7.99% - 23.43% APR10$5,000 to $100,000Does not disclose
  • Fixed APR: 7. 99% - 23.43% APR10
  • Min. credit score: Does not disclose
  • Loan amount: $5,000 to $100,000
  • Loan terms (years): 2, 3, 4, 5, 6, 7
  • Time to fund: 3 business days
  • Fees: None
  • Discounts: Autopay
  • Eligibility: Available in all states except MS
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: Does not disclose
  • Loan Uses: Solely for personal, family, or household uses


Credible Rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

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11.69% - 35.93% APR7$1,000 to $50,000560
  • Fixed APR: 11. 69% - 35.93% APR7
  • Min. credit score: 560
  • Loan amount: $1,000 to $50,000
  • Loan terms: 3 to 5 years 8
  • Time to fund: Within one day, once approved9
  • Loan types: Debt consolidation, pay off credit cards, home improvements, unexpected expenses, home and auto repairs, weddings, and other major purchases
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: A U. S. citizen or permanent resident; not available in DC, SC, WV
  • Customer service: Phone, email
  • Soft credit check: Yes


Credible Rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

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7.46% - 35.97% APR$1,000 to $50,000560
  • Fixed APR: 7. 46% - 35.97% APR
  • Min. credit score: 560
  • Loan amount: $1,000 to $50,000*
  • Loan terms (years): 2, 3, 5, 6
  • Time to fund: Within a day of clearing necessary verifications
  • Fees: Origination fee
  • Discounts: Autopay
  • Eligibility: Available in all states except West Virginia
  • Customer service: Email
  • Soft credit check: Yes
  • Min. Income: Does not disclose
  • Loan Uses: Debt consolidation, credit card refinancing, home improvement, and other purposes


Credible Rating

Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.

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5.4% - 35.99% APR4$1,000 to $50,0005580
  • Fixed APR: 5. 4% - 35.99% APR4
  • Min. credit score: 580
  • Loan amount: $1,000 to $50,0005
  • Loan terms (years): 3 to 5 years4
  • Time to fund: As fast as 1 business day6
  • Fees: Origination fee
  • Discounts: None
  • Eligibility: Available in all 50 states
  • Customer service: Phone, email
  • Soft credit check: Yes
  • Min. Income: $12,000
  • Loan Uses: Payoff credit cards, consolidate debt, take a course or bootcamp, relocate, make a large purchase, and other purposes

People who have tried LendingTree vs. Credible

On the surface, LendingTree and Credible might seem similar. However, with Credible, you can compare actual prequalified rates in just two minutes. And you won’t have to worry about spam or hidden fees.

Here’s what a few borrowers had to say after trying LendingTree vs. Credible*:

E.J. compared personal loans from multiple lenders

Felt like a more modern LendingTree site. Process was easy. Was able to check multiple Credible lenders in one spot with a soft check. I had several offers, I picked the best deal, and got exactly what I was looking for.

See review on Trustpilot

Paul quickly found the loan they were looking for

Quick process, no annoying calls or emails like LendingTree, very happy overall!

See review on Trustpilot

Danielle enjoyed an easy application process

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.

See review on Trustpilot

* Reviews have been edited for spelling and grammar.

LendingTree background

LendingTree is one of the first and largest peer-to-peer online lending exchanges, first established in Charlotte, North Carolina in 1998.

Its purpose is to bring borrowers and multiple lenders together so that they can agree on arrangements for:

  • Business and personal loans
  • Auto loans
  • Student loans
  • New and refinanced mortgages

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.

Keep in mind: LendingTree is strictly a matchmaker — it arranges introductions between lenders and borrowers, and collects fees for its service, but does not itself offer loans or credit.

Application process

The loan process is fairly standard, although the information you enter varies with the type of loan you request.

For example, here’s the information you’d need to start an application for a personal loan — that is, a loan that is not backed by collateral such as your home or car:

  • Loan purpose: The purpose of the loan could be anything from debt consolidation to vacations, major purchases or wedding expenses.
  • Loan amount: With LendingTree, you might be approved for a loan ranging from $1,000 to $35,000.
  • Estimated credit rating: You can select excellent, good, fair, or poor.

You’ll also need to include your:

  • Employment and pre-tax income
  • Address and type of residence
  • Personal identification information (including email address and the last four digits of your Social Security number)

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:

  • Lenders’ name
  • Amount
  • APR
  • Number of years to repay
  • Monthly estimated payments

You’ll also be provided a phone number to call. 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.

Be aware: Your credit history will be pulled one or more times during the process. In most cases, multiple inquiries count as a single one during a 30-day period.

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

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 saw advertised 5/1 adjustable rate mortgages starting at 2.97 percent APRs, but your APR could go as high as 29. 9 percent.

LendingTree’s website points out that you can search for loans without first giving information (through its LoanExplorer), that there are no commitments and that the quotes are personalized.

Keep in mind: Some states might not permit LendingTree-arranged loans. Be sure to double-check if your state allows loans through LendingTree before applying.

Loan funding

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.

When the lender is an unknown entity, you don’t know about its long-term viability. On the other hand, do you really care? You shouldn’t be affected if you secure a loan from a lender that subsequently goes bankrupt — the loan will transfer elsewhere, but your terms are not altered.

Is LendingTree viable? While LendingTree has withstood the test of time, it hasn’t always been profitable. During the third quarter of 2015 revenue of $115 million was up 104 percent higher from a year ago, with loan originations up 92 percent.

Profits were $1 million, compared to a $7.4 million loss during the same quarter a year ago and a $4.1 million loss in the second quarter of 2015.

See how much you can borrow

Before you borrow, estimate how much you’ll pay for a loan using our personal loan calculator below.

Enter your loan information to calculate how much you could pay

Loan amount ? Enter the total amount borrowed $

Interest rate ? Enter your annual interest rate %

or

Loan term ? Enter the amount of time you have to repay your loan years

Total Payment $

Total Interest $

Monthly Payment $

With a $ loan, you will pay $ monthly and a total of $ in interest over the life of your loan. You will pay a total of $ over the life of the loan.


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Consumer complaints and reviews

LendingTree has had a Better Business Bureau file since 1998. As of January 2019, it was not BBB Accredited and had a rating of A-. Out of 315 BBB closed complaints in the previous three years, 180 stemmed from advertising/sales issues and 129 were attributed to service problems.

Of course, these numbers represent a very small percentage of LendingTree’s transactions. Out of 199 BBB customer reviews, LendingTree has a 3-star rating. Bear in mind that disgruntled consumers are the most likely to leave reviews.

Here are a couple of anecdotal complaints sourced from a number of forums:

  • Unwanted spam and persistent phone calls from potential lenders: This seems to be the biggest concern from consumers. Note that the calls are not from LendingTree itself, but directly from its funding sources. Nevertheless, it could be held as a negative against LendingTree that it apparently does not police or restrict the marketing behavior of its lenders.
  • Credit reports subjected to too many inquiries from the lenders: Some consumers feel that LendingTree should instead perform one set of inquiries and then disseminate this information to potential lenders.

Other reviews included satisfied consumers who said they were more or less happy with the services provided by LendingTree.

Remember: By agreeing to LendingTree’s terms of service, you agree to submit to binding arbitration to settle any disputes with LendingTree.

In general, LendingTree accepts no responsibility whatsoever for the lenders and advertisements on its websites — consumers are using the site “as is.”

Is LendingTree a good choice?

In all fairness, LendingTree has been able to survive for almost 20 years with a minimum of controversy. If you’re looking for one-stop shopping for loans or credit and have a decent or better credit score, LendingTree appears to be a convenient way to receive multiple bids from lenders.

It may be easier to get a personal loan or other types of credit from LendingTree than it is from a bank, but you’ll expect to pay a higher APR for this greater acceptance rate. LendingTree fees will cost you money one way or another, and you may feel harassed by lender spam.

In the end, LendingTree is a useful service that allows you to conveniently compare rates from competing lenders, thereby boosting your chances of finding the best possible deal for your situation.

Are you looking for a mortgage? Be sure to shop around and consider as many lenders as possible — don’t rely on a platform like LendingTree alone.

With Credible, you can see your actual rates from our partner mortgage lenders in the table below in three minutes. And unlike LendingTree, once you choose the option you like most, Credible can take you all the way from origination to closing your loan.


About Rates and Terms: Rates for personal loans provided by lenders on the Credible platform range between 5.40%-35.99% APR with terms from 12 to 84 months. Rates presented include lender discounts for enrolling in autopay and loyalty programs, where applicable. Actual rates may be different from the rates advertised and/or shown and will be based on the lender’s eligibility criteria, which include factors such as credit score, loan amount, loan term, credit usage and history, and vary based on loan purpose. The lowest rates available typically require excellent credit, and for some lenders, may be reserved for specific loan purposes and/or shorter loan terms. The origination fee charged by the lenders on our platform ranges from 0% to 10%. Each lender has their own qualification criteria with respect to their autopay and loyalty discounts (e.g., some lenders require the borrower to elect autopay prior to loan funding in order to qualify for the autopay discount). All rates are determined by the lender and must be agreed upon between the borrower and the borrower’s chosen lender. For a loan of $10,000 with a three year repayment period, an interest rate of 7.99%, a $350 origination fee and an APR of 11.51%, the borrower will receive $9,650 at the time of loan funding and will make 36 monthly payments of $313.32. Assuming all on-time payments, and full performance of all terms and conditions of the loan contract and any discount programs enrolled in included in the APR/interest rate throughout the life of the loan, the borrower will pay a total of $11,279.43. As of March 12, 2019, none of the lenders on our platform require a down payment nor do they charge any prepayment penalties.

LendingTree Reviews: 40 User Ratings

LendingTree is the nation’s leading online loan marketplace with the industry’s largest network of lenders. Their service provides consumers a way to connect with multiple lenders for a number of financial borrowing needs. From the comfort of their homes, consumers can fill out one simple form and are able to shop, compare, and save... show more

LendingTree Reviews

Most Recent

godisthebest2017
@godisthebest2017

5 Star Rating

Lending Tree is amazing! They are working hard for me and have done some amazing things in less then 2 months I have been working with them. Paul Moore my case advisor is awesome and has accomplished things in 30 days I have spent years trying to do with no success! I would absolutely ? recommend Ovation credit to anyone who needs help with their credit. I also want to note that I'm 50 years old and not very good with all new technology and they have made it easy for me to understand what is going on and I love that the best! That's Ovation credit and a bigger fat thank you to my case advisor Paul.! Michelle Niederklopfer

Comment

meshameut
@meshameut

1 Star Rating

ANOTHER BAD REVIEW! ONLY USE LENDINGTREE IF YOU WANT TO GET RIPPED OF BY SOME B. S.LENDER! UNPROFESSIONAL. shady lenders using private information as they want.

Comment

nicole r
@nruiz023

1 Star Rating

Yes, I have to agree with other people's reviews that are 1 star on the website. I applied for a loan and after applying they send you to all these third party lenders that are fraudulent and that begin texting and emailing as well as calling for fake loans, non stop. While allowing your information to be exposed to all who are on these websites fishing. Not legit to me it needs to be shut down,

Comment

buehlerbrooks05
@buehlerbrooks05

1 Star Rating

Scammers. They advertise an easy comparison of loan rates to get your information. Then they give you nothing but a list of loan companies on your area who all then constantly call you until you block every single one. Wouldn’t do business through lending tree if they were the last company on earth.

Comment

Liz Hall
@Lizh35

1 Star Rating

I’m only giving a star because no star isn’t an option. I was SCAMMED by these people. Called my bank with my information, that I confidently provided because I was assured that I was in good hands, and they got my account locked! Now I’m out of my own money and had to close an account. DO NOT USE LENDING TREE. SCAM ARTISTS

Comment

Charles
@cegrubb

1 Star Rating

I felt as if I was lied to and misled. The sales person was nice but whoever they had on the recorded line was rude. There are many places who lend money with a much lower rate, who are honest. The bad thing is I had a loan before from them I paid off early , my credit is better now, higher income now, but wouldn’t approve me. I wouldn’t waste my time with lending tree.

Comment

grannyofnine10
@grannyofnine10

5 Star Rating

Richard Shiller is who I worked with two times. Both times Richard was kind. He was friendly, funny at times,. But most importantly he was professional!! I would highly recommend Royal United n Richard Shiller. He showed me all my options. He answered all my questions, some probably twice. He also put all my fears to bed. Richard is awesome.

Comment

alexandrapowell0204
@alexandrapowell0204

1 Star Rating

I have no clue where they got my information from. I'm all of a sudden receiving calls and emails from many lenders because of Lending Tree stating I applied for a large loan. They used my maiden name and I wouldn't apply for a loan under my maiden name let alone my information at all because I no longer work, as I stay home with our children. I wouldn't trust this site for future loans if we do ever need any because of this.

Comment

rlflaw2020
@rlflaw2020

1 Star Rating

Contacted me often - to the point of irritation. Applied with one of the lenders and 2 and a half week later no response - too slow and unorganized.

Comment

Cheryl Spindler
@clspindler15

1 Star Rating

BEWARE, LENDING TREE IS CARELESS WITH YOUR PRIVATE INFO!!! We just received a letter from Lending Tree "apologizing" for leaking my husband's name, address, birthdate and SOCIAL SECURITY NUMBER! We have NEVER done any business with Lending Tree and have no idea how they obtain all this personal info about my husband. As a result of their carelessness, our bank account was hacked, requiring us to close out our account and take all kinds of measures to secure our funds. The hacker also opened another account in a different bank under my husband's name and attempted to open a couple of credit cards under his name. This has been a nightmare for us because of Lending Tree's carelessness with information they had no business having in the first place!!! The best they can do is to "offer" identity protection to us for two years. Well, the info is already out there...IT'S KIND OF LATE TRYING TO PROTECT OUR INFO NOW!

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  • Credit histories: Where to get and how to fix them

    Stevanovicigor / iStock

    Personnel departments also experience a burning interest in credit histories when applying for a job. Our reader from Ryazan, a young promising specialist Andrey, faced this. He was interviewed in a large company for a responsible position. But it was not possible to start work right away: he was asked to sign an agreement to a request for his credit history. However, he was not worried: he took out a loan once and completely repaid it.

    However, when Andrey's employer got his credit history, the unbelievable turned out: he was in arrears on two loans! He really took the first one, but he paid it long ago. I just had no idea about the second one. And if the first debt was small, then the second amounted to almost half a million!

    Everything was easy with the first loan. The bank transferred money to Andrei on a specially opened credit card. After repaying the loan, he forgot about it, and the bank continued to charge a service fee.

    Experts of "RG" explain the legal aspects of lending in the heading "Legal advice"

    According to Nadezhda Ivanova, head of the Main Department of the Bank of Russia for the Central Federal District, bank customers make such mistakes quite often: they perceive a credit card as an ordinary debit card, not understanding that it is part of the loan, and debts on it are reflected in the credit history.

    Not only banks are interested in customer credit histories, but also insurance companies, and even human resources departments

    Therefore, credit cards that are no longer needed must be canceled immediately. To do this, you should contact the bank with an application for closing a card account.

    The document confirming the closure of the account must be retained in case of misunderstandings. And after a month or two, you can make sure at the bank that the account and card are definitely closed, there are no debts.

    As for the second debt, the "human factor" worked here. It turned out that in the bank where Andrei took a loan, there was another client - his full namesake. He owed the bank a large sum. So it’s better to ask yourself from time to time what is behind you: are there any real or imaginary debts.

    Credit reports are often requested by insurance companies. They are sure that there is a connection between how a person pays on loans and how he behaves while driving. Drivers who are regularly late with payments for a long time tend to get into accidents more often and bring losses to insurers. They are interested in the credit history of customers and car sharing services that issue cars for rent. If a person owes large sums and does not return loans, companies will not let him near their cars.

    And, finally, as the reader of the newspaper was convinced from his own experience, the credit history is of interest to potential employers, primarily in the banking sector, the public sector or large commercial structures. An employee with a lot of debt and bad credit does not look very attractive to the employer. He may assess this as an inability to manage finances and will not entrust a responsible post.

    However, remember that credit reports can only be requested with your consent.

    Store for 10 years

    Credit history, as explained by Nadezhda Ivanova, is information about a person's credit obligations and how conscientiously he fulfills them. It shows which banks, microfinance organizations (MFIs) or credit consumer cooperatives (CPCs) you applied to, when it happened and what amounts you took.

    This information is stored in special organizations - credit history bureaus (BKI). There are more than a dozen of them in Russia, and each bank, MFO and CCP has the right to choose any bureau to which it will transfer information about its borrowers. Often, financial institutions send data to several bureaus at once. And if you took loans in different places, then most likely your credit history is stored in parts in several credit institutions. And it will be necessary to obtain data from all these bureaus in order to put together a credit history.

    The credit history is stored in the BKI for 10 years since the last time information was entered into it. Banks and MFIs pay especially close attention to your credit activity over the past 2-3 years.

    Where to get

    To find out in which bureaus your history is stored, you need to send a request to the Central Catalog of Credit Histories, Ivanova explained. The easiest way to do this is online, for example, through the public services portal, if you are registered on it.

    You need to go to the "Services" tab, to the "Taxes and Finances" section, to the "Information about Credit Bureaus" subsection. To access the data, you only need a passport and SNILS. In response to your request, the Bank of Russia will send you a list of all credit institutions that store your credit history in your personal account on the Public Services Portal. Their address and phone number.

    Another possibility is to send a request through the official website of the Bank of Russia www.cbr.ru. To do this, you will need a credit history subject code (a combination of letters and numbers). If you have taken a loan or loan at least once in your life, then you already have this code. It can be found in your loan agreement or clarified with the bank or MFI where you took out the loan. If you cannot remember the old code, and the bank or MFI does not help, the code can be generated again. To do this, you need to personally contact any bank or CBI to create a new code.

    It will need to be specified in the request that is created on the website of the Bank of Russia. No later than the next business day, you will receive a letter with the names of all the offices where your history is kept. You can also send a telegram with a request to the Central Catalog of Credit Histories. The answer will come within three days. They will send it to your email address, which you must specify in the telegram. Having received a list of bureaus, you need to request your credit history in each.

    By law, twice a year, each bureau is required to provide you with your credit report free of charge.

    You can submit an online application through the BCI website. You will be automatically redirected to the public services portal for authorization, and then back to the bureau's website. The report will be emailed to you within three business days. At the office of the BCI, you can get your credit history in paper form on the same day. To do this, you need to come to the bureau with a passport.

    Another option is to send a letter to the BKI by regular mail. Such a request must be certified by a notary. In the letter, you can indicate how you want to receive a response: in paper form to your postal address or in electronic form - to your email address. In this case, the delivery time of the request and response letter will be added to the three days for preparing the report.

    Your credit history is most likely kept not in one bureau, but in several, so you need to correct it in each of them

    If you need a credit history urgently or more than twice a year, you can get it for a fee. To do this, you can use all of the above methods. Some bureaus may provide the report online for an additional fee. In addition, you can get a report through your bank. But on condition that he cooperates with those BCIs in which your credit history is stored. You can make a request through your personal account on the bank's website. BKI publish on their websites a complete list of banks with which they work.

    Corrected believe

    To correct a credit history, Ivanova said, you need to write an application to challenge the credit history, addressing it directly to the bureau in which it is stored. The easiest and fastest way is to come to the office and fill out the form on the spot. You must have a passport with you, as well as documents from a bank or MFI on debt repayment.

    If you cannot visit the office, you will have to send the application and other documents by mail. The application form can be downloaded from the bureau's website. The application must be certified by a notary.

    The Bureau will forward your application to the creditor. If the bank or MFI confirms the correctness of the client, the bureau will correct the mistake and notify him in writing. Deadline - 30 days from the day the bureau receives the application. This is exactly what happened with Andrew.

    However, sometimes creditors disagree with the client's arguments and insist on the existence of a debt.


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