LendingTree is an online lender exchange marketplace that connects borrowers with a large pool of lenders. It doesn't provide any loans directly but instead acts as a broker for many lenders. The website also provides online tools, such as financial calculators and loan tutorials.

Lending Tree was launched by Doug Lebda and Jamey Bennet in 1996 as CreditSource USA. In 1998, it was rebranded as LendingTree and in 2000 it went public. Since then it has been bought by InterActiveCorp and is now part of Tree.com Inc.

How Does LendingTree Work?

LendingTree acts as a matchmaker between borrowers and lenders. Actually, InterActiveCorp, the company that controls LendingTree also owns dating website, Match.com. The idea behind LendingTree is to make it easier for borrowers to find the best deal on a loan by flipping the relationship between customers and banks and getting lenders to court borrowers instead. LendingTree makes money by selling your information to matching lenders.

What Are LendingTree's Rates and Fees?

They vary by borrower. Your rates will be determined by how many lenders are active in your area, the loan amount, the term length and your creditworthiness. To illustrate, a typical range for a $10,000 is 5.99% APR to 36% APR depending on your credit. According to LendingTree, the average difference in rates between two lenders is 4.74% APR.

How Much Money Can I Borrow from LendingTree?

Personal loans range from $1,000 to $35,000, and loan terms vary from 1 to 5 years. If you borrowed $10,000 for 36 months at 12.86% APR, your monthly payment would be $335.02 and your total cost would be $12.060.72. However, the same loan with a rate of 7.86% APR, will have monthly payments of $312.72 and a total cost of $11,257.92, which represents $802.80 in savings.

What Is LendingTree's Application Process Like?

LendingTree's online application is fast and easy to complete. However, you will receive a LOT of attention from the lenders that receive your information. The application asks for basic information, such as the purpose of the loan, how much you want to borrow, credit rating, employment status, income, whether your rent or own your home and your address. Once you submit this information LendingTree sells your information to matching lenders in your area who will contact you by phone or email. LendingTree will perform a soft pull on your credit, but there won't be a hard pull until you apply for a loan.

How Is LendingTree Better Than Other Lenders?

LendingTree makes it easier to filter through the hundreds of lenders available and is available in all states. Instead of filling endless application forms, you just need to fill one form and wait for loan officers to compete for your business. However, you may want to use a virtual phone number and a separate email address you can cancel once you find the right loan. The volume of calls and emails from lenders may become unbearable and once your information is sold to lenders it can be a challenge to get off their lists.

  • Loan Amount
    $1000 - $35000
  • Payment Options
  • APR
    5.99% - 100%
  • Max Loan Term (Months)
  • Credit Score Range
    560 - 750
  • Immigration Status Considered
    U.S. Permanent Resident
  • Military Status
    • Active Duty Military
    • Military Dependent
    • Non-Military
    • Veterans
  • Minimum Age
  • Supported Income Types
  • Verification Documents Required?
    • Recent pay stubs
    • Proof of citizenship/residence
  • Institution Type
    Marketplace Lender
  • Approval Speed (Hours)
  • Joint Loans Available
  • Funding Time
    1-7 days
  • Credit Bureau Reporting
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0 votes

Not good!!! Non-stop calls, voice mails and texts from every bank in the US.

0 votes

If I could give a lower rating than one star, I would gladly do so. I have just now printed out the results of my search results, and where LT advertised (wisely) Rates as low as 5.9%.. my fair credit score rating got me on average, lenders that were so graciously willing to lend me (albeit far lower than the 5000$ amount I was interested in) a fraction of that amount, for... wait for it... waaaaiiitt .... a mere average of 98%APR!!!!!!!! AND OVER 1 TO 3 YEARS?!?!? ... ARE YOU F*#%$NG SH*$%NG ME?!?!? This information, only after I shared (in good faith) MY information, of course.. What an incredible SCAM and TOTAL WASTE OF MY TIME. I would and will NEVER recommend this vehicle and means of obtaining a personal loan to anyone, and in the event ANYONE would dispute my claim of the astronomical, and ridiculous APR percentage, whether from Lending Tree, or simply a supposed satisfied customer, I Have The Printed PROOF!!!

Save yourself, and your time... and DON'T waste it on this method of obtaining a personal loan. Your cousin GUIDO will give you much better odds and a better rate than these ripoff artists that are the lenders with this company. WTF?!?!?!?
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0 votes

They offer to not effect your credit rating to check your rate. But funny my credit report tanked about 65 points after!


0 votes

Told me I was approved for a loan, ran a hard credit, then didn't approve.

0 votes

This is a dangerous company. First, they will send your information to dozens of companies (potentially affecting your credit score negatively), not the few chosen companies that they advertise that they will select. Second, these companies will each call you dozens of times, filling your answering machine so that legitimate callers can't get through. It's AWFUL!!

0 votes

one star is being generous. in the past you entered the info and you would receive emails w/ info. some comparisons. now all that happens is you are bombarded with phone calls from people try to sell you a loan that isnt even what you looked for to start with. such a dissappointment

0 votes

The guys screwed up my 703 credit score, by sending a refiance request out to 13 different compaines. It immediately dropped to 668. BEWARE!!!!!!

1 votes

Lending tree is a big mess they told me i got appoved for a loan but it was all a scam they got my bank account closed up due to a fake check they wrote and it bounced they also tried to sign a signature acting like me be careful

1 votes

I never approved hard inquiry on my credit. I only wanted to see what was out there

1 votes

Thought that the business model was sound, but in the first 48 hours my credit report was run so many times without my permission that my score dropped 68 points. Not only that, I was applying for a home equity loan but was bombarded with mortgage, refinancing, auto loans and more. I feel like I've been harmed after trying for years to rebuild my credit. When the credit reports didn't stop I eventually had to put a lock on my credit report (which is free by the way). Do not ... do business with LendingTree.com. What a horrible experience. More Less

1 votes

Once this place gets your phone number - watch out! They will call & call & call. Very high pressure. I cannot recommend them.

1 votes

Don't give Lending Tree any of your personal information unless you are prepared to be bombarded by lenders. I went to their website to get some very basic information and my phone has been ringing non-stop for two days. The same goes for my inbox. Lending Tree is just trying to make a buck by selling your information to solicitors.

1 votes

PLEASE DO NOT ENTER YOUR INFO! As soon as I did it the calls didn't stop. At the beggining It was ok but after almost 5 months and several numbers blocked they still call me as early as 7am and throughout my day as well. Is annoing, I have even told them I already bought a house and is non stop. Please I advice you do not enter your information!

1 votes

I been turned down by this company they only work with high salary and people drive brand new cars and a history over 700 or better they some nerve tell me I am not good enough discrimation

1 votes

if your credit is iffy, but you are in need of funds, this is the place to go. They will hook you up to a lending institution, and you will get the funds that you need, but you will PAY for it. They should be looked at as your last resort, and that you are looking at them, evidentally it is. Get the funds, spend it wisely, and do your best to pay them back.

1 votes

First and foremost, its important to realize that Lending Tree is NOT actually a lender. They work as a broker to provide your info to lenders who decide whether or not to offer you a loan. So its possible to go through the whole application without receiving a single offer. What youre almost sure to get are lots of unsolicited phone calls from sales agents, which can be annoying, to say the least.

2 votes

Getting involved with this company was the worst thing Ive done in a long time! First of all, when I applied, I asked them if it would show up on my credit as a hard inquiry, and they assured me that wouldnt happen, but it did! Then they offered me several loans at absolutely horrible predatory rates. Im amazed theyre still in business, but they are! I didnt end up getting a loan with them, but what I did get is tons of sales calls and emails. Stay away!

2 votes

I got this weird ad in my yahoo email and it took me to this place where I filled in some data. I was simply perusing for rates and had no expectation of really borrowing anything. I didn't even finish because it wanted my social and I didnt feel comfortable giving it.

5 minutes later I got tons of phone calls and messages from these people who I kept telling I wasnt interested. Im sure they have sold my name and info to a ton of other people who will be ... calling non stop now too. Help yourself out and keep away from this site. I heard every loan specialist may pull your credit on the off chance that you did give your SSN. More Less

1 votes

I wish I never clicked on this site! aside for having the worst loan principals I've ever encountered, they are stalkers too! I put in a few little pieces of information, and within a day or two, every college, lending company, auto insurance company, car dealership, and general telemarketing agent was calling me and spamming up my email. I didn't even finish the application, and they wont go away!

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