Lending Tree Review:

Company Overview

 Established in 1996, Lending Tree set out to simplify the loan acquisition process by offering competitive rates to individuals seeking financial assistance. With a track record of over $50 billion in loans served and a customer base exceeding 100 million, the company has garnered widespread recognition. Their extensive advertising campaigns over the years have significantly bolstered their brand visibility.

As a leading player in the lending landscape of the United States, Lending Tree serves as the go-to name in loan discussions. It's important to note, however, that the company doesn't originate its own loans but rather orchestrates a platform where lenders vie for borrowers' business, aiming to secure the most favorable rates for their specific loan needs.

Services and Advantages

 Lending Tree boasts an array of appealing services and features that make it a preferred choice for many. Collaborating with over 400 lenders increases the likelihood of approval for applicants. Moreover, the streamlined application process ensures swift preapprovals, sparing applicants the anxiety of prolonged waits. Supplementary tools like repayment calculators and informative resources further empower borrowers with knowledge about their financial decisions.

Application Procedure

 Applying for a loan through Lending Tree is straightforward, with a single form typically sufficing for preapproval. Most applicants find the initial application process to be brief, taking less than five minutes to complete. Basic eligibility requirements include being at least 18 years old, a US citizen or permanent resident, possessing an active bank account, and demonstrating a stable income source. Creditworthiness, typically with a minimum score of 350, is also assessed. Once the full application is submitted, offers from lenders are typically received within 1-3 business days, expediting the procurement of the desired vehicle.

Loan Varieties and Conditions Lending Tree caters to a variety of loan needs beyond just acquiring new vehicles. Whether it's financing for a used vehicle, refinancing an existing one, or even securing a loan for recreational vehicles or motorcycles, Lending Tree offers diverse options to suit various preferences.

Repayment Flexibility

 Upon matching with different lenders, borrowers gain access to various repayment options, typically spanning from 12 to 72 months. These terms are subject to individual lender policies and considerations such as creditworthiness and loan amount.

Customer Assistance Lending Tree's customer support team is renowned for its proficiency and industry knowledge. However, it's important to note that their assistance primarily revolves around navigating the Lending Tree platform rather than addressing queries related to specific loan terms, which are handled by the respective third-party lenders. Contacting customer support is hassle-free via phone or online help form, with dedicated hours from Monday to Saturday. Additionally, correspondence via mail is welcomed at their Charlotte, NC address.

Customer Support

The customer care team at Lending Tree is extremely helpful, and they seem to really understand their industry quite well. Just remember, they are there to support the Lending Tree platform, not answer questions about the actual loan you receive, which would be through a third-party lender.

You can get in touch with the customer care team Monday – Thursday, 8AM-9PM EST, Friday 8AM-8PM EST, and Saturday 10AM-7PM EST. Contacting them is quite easy via their toll-free number, 1-800-813-4620. You can also use their online help form, which they review and respond to quickly. If you need to send them something via the mail, their address is:

Lending Tree, LLC

11115 Rushmore Drive

Charlotte, NC 28277