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4.7

Overall Score

LAST UPDATED: November 22nd, 2023

LendingTree is an online lending marketplace that connects borrowers to lenders, allowing them to pick the best fit lender for their needs. It seeks to empower consumers by providing multiple loan offers simultaneously. Its services extend to small business loans, auto loans, mortgage loans, personal loans, credit cards, and more. Since its founding, LendingTree has helped over 100 million customers find the right loan.

The LendingTree network of personal loan providers includes both popular names and some lesser-known companies. The list includes Avant, Best Egg, CashNetUSA, and Discover and online lenders, as well as peer-to-peer lending partners LendingClub and Peerform.

Keep reading for pros and cons, as well as LendingTree personal loan reviews from real customers.

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The Good

  • Multiple Loan Offers
  • Low Minimum Credit Score Requirement
  • Financial Services
  • Educational Resources
  • Transparency

Multiple Loan Offers

LendingTree connects customers with multiple lenders through its online marketplace, allowing them to compare a variety of offerings. 

Once you fill out an initial form to check rates, you will be provided with up to five quotes to compare. When viewing offers, you get to see special badges indicating fast funding, top-rated lenders from the previous quarter, no fees, no upfront fees, phone support, local presence, etc. A potential borrower gets to compare these side by side, making financial decisions easier.

This prequalification process will trigger a soft credit pull. Once you choose an offer and complete your official loan application, a hard credit check is performed by your chosen lending partner.

Low Minimum Credit Score Requirement

While LendingTree doesn't advertise a minimum credit requirement, it does state that its lending partners accept applications from borrowers with scores from 525 and up. Compared to other lenders in the industry, a minimum credit score of 525 is very low; however, applicants with little to no credit history, or a bad credit score, will not qualify for the lowest available rates.

It is important to note that your credit score will also impact the size of the loan you can receive. LendingTree offers personal loans ranging from $1,000-$50,000, although loan amounts are reliant upon your financial needs.

Financial Services

In addition to a wide selection of providers, LendingTree has a variety of financial products, including personal loans, auto loans, business loans, mortgage loans, and more. This array of loan services allows a borrower more flexibility in meeting their financial needs.

In addition to a variety of loan offerings, Lendingtree's loan marketplace offers a special option for people seeking a debt consolidation loan, particularly for higher-interest credit card debt. LendingTree offers a loan calculator to help determine, based on your current debts, credit score, housing status, and state, whether you should look into a personal loan for your debt relief needs. This is a helpful service as it shows how long it will take you to become debt-free and whether debt consolidation or settlement will best fit your needs.

Educational Resources

LendingTree provides a wide range of personal finance resources. Its website includes articles on personal loans, detailing the nature and use of these loans as well as extensive information on other lending topics.

The company also has a loan payment calculator to help customers determine their monthly payment, interest rate, and loan term based on the loan amount.

Transparency

LendingTree has a transparent platform and website. The company's mission is to help customers find the right loan for them by showing multiple loan offers at once. LendingTree clearly outlines how it makes money and explains the process.

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The Bad

  • High Interest Rates
  • Missing Rates and Terms
  • Phone Number

High Interest Rates

LendingTree allows consumers to compare multiple loan rates from major lenders simultaneously. However, the company's lending partners offer a variety of interest rates, ranging from 3.99 to 35.99 percent.

To qualify for a loan with lower rates, the borrower must have an excellent credit score. For example, a $10,000, 3-year loan, with 3.99 percent APR, will likely require the borrower to have a credit score of 700+. 

The maximum personal loan rate is 35.99 percent APR, which is quite high within the personal loan industry. Borrowers with a poor credit score will likely not qualify for rates as low as 3.99 percent and can expect to receive rates close to the maximum 35.99 percent rate.

Missing Rates and Terms

Although LendingTree has an extensive website that is easy to navigate, the company requires visitors to fill out a form before receiving specific rates and repayment terms from its lender marketplace. This is because loan offers come from each lender themselves, based on your specific information. 

Although it may be frustrating that you can not see rates and terms upfront, once you fill out an application, you will receive various lenders with rates and terms specific to your needs. This allows a borrower to choose a loan offer that is best for them.

Phone Number

One step of the LendingTree rate-check, or prequalification process, is providing a phone number. Providing your phone number allows LendingTree to share it with its lending partners. A lender will then contact you directly to discuss loan options. If you don't want to submit a phone number and field phone calls, you can complete a prequalification application by calling customer service instead.

You must also provide the last four digits of your social security number to do a soft credit check, which is required for prequalification.

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The Bottom Line

LendingTree is a personal loan platform that allows consumers to compare a variety of potential lenders. The company is a convenient option for customers who want to shop multiple offers at the same time without having to reach out to individual lenders on their own.

LendingTree has an extensive website with detailed information regarding its loan options; however, you need to fill out a form (answering questions regarding annual income, employment status, full name, phone number, credit score range, etc.) before receiving specific rates and terms.

There are limited customer reviews currently available, the majority of which are negative. Therefore, based on reviews we cannot make a reasonable recommendation. However, based on their services, LendingTree is an excellent personal loan provider - applying is easy and the borrower is in control.

Read LendingTree reviews below to see what consumers have to say about this financial services marketplace and its customer service.

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Star Rating

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3.3

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31 Reviews

Review Breakdown

5 grade

39%

4 grade

13%

3 grade

13%

2 grade

3%

1 grade

32%

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Jonah Griffith Los Angeles, CA

It’s very hard or nearly impossible to rebuild your credit after messing it up. 3 years ago I had a messy divorce which had a very negative impact on my credit report. Things went from bad to worse when I lost my job that same year. I missed most of my payment and even maxed out some cards. I started paying my debts as soon as I had a job, my score was only able to appreciate with a few points and the negatives still lingered. With my credit score (582) I wasn’t qualified for a home loan. My realtor introduced me to Metronet Credit Solution. They helped me erase every negative item on my credit and boosted my score to 767. Thanks to them I have been pre approved.You can write to them via metronetcreditsolution at gmail dot com o. I highly recommend their services.

2 years ago

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Luke Maple Grove, MN

Absolutely horrible customer service. Don't elect to be called by lenders. Even after I contacted them to contact lenders to stop calling me, I received probably 100 calls a day and numerous voicemails for at least 4-5 weeks. I continually blocked numbers, but that did not help a ton because some kept trying and somehow would keep leaving voicemails and I'm still getting some plus texts. I would have NEVER opted to let agencies contact me if I knew that would happen. Worst experience ever with something like this. Don't use them!!

4 months ago

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Robert Rootes Bestselling Author Fredericksburg, VA

I once ran into an issue where I didn't have enough money immediately to cover the cost of a major car repair. The insurance company didn't cover all the damage and money was tight. I contacted the LendingTree and talked to one of their agents. After filling out the online information needed to secure the loan, I could have got a lot more than I needed. Instead, I accepted only the amount I needed with reasonable interest and an acceptable plan to pay back the amount in a given time. They were there when I needed it. And it's nice to know they are still around if I need it again.

1 year ago

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Chris Andrew

Lending Tree... I couldn't even find an option to review this company on google. I got my loan, yes, but it was a terrible journey. They (Robert, specifically) had me perfect sketchy, time-consuming tasks to increase my credit score, which made sense for a loan company, but they were extremely aggressive. I said, "let's do this monday" and they called the next day (Saturday) insisting I do it NOW. I begrudgingly did as they said to get it over with, but then at the same time they transferred the loan, they transferred an additional $3000 and tried to make me repeat the process! Hell no! They didn't have permission to put extra money in my account, nor did I agree to extra steps! They said it would increase my credit score, but I didn't ask them to do any such thing! My bank has limits on my card so it wasn't possible to do that day, nor within the next two days. They called and emailed me constantly to the level of harassment, and when I threatened to call my lawyer, they tried to cancel me loan! I DID call my lawyer and if I didn't return the threats with legal action I feel like I would have been extorted. I would 0% recommend this company to anyone that isn't knowledgeable of law, or who is contact with a lawyer who knows what's going on. Never again .

10 months ago

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Coffee 1234 Meridian, ID

Define lending tree online and I was so easy to do very clear the rates are fantastic and I had a decision made within 3 days and I was able to get a personal loan to upgrade my home and it's low interest and so I do believe this is a great institution if you want a secure safe and great loan with lending tree

11 months ago

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Nancy Oliver Lake Orion, MI

Lending tree”s loan process if fairly straight forward. We found no hidden fees and the process went super smooth. We do have great credit so I know that helps in the process. Decent interest rate and easy approval process. Very pleased.

1 year ago

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James Goodman Port Orchard, WA

LendingTree is an excellent choice in online personal loan options. I was offered several loan amounts with a range of payment options. Their calculators help me understand my monthly costs and interests. I felt very knowledgeable in getting a consolidation loan with them. Super easy process, would do again.

1 year ago

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Francine Estrada Albuquerque, NM

I'm lookin in filing a law suit against lending tree because never gave the permission to sale my info now I'm receiving a flood off robo calls scammers the whole 9 yards I would like to know if I'm successful with the law suit and the victim also apart of this legit hustle cause that is was there doing selling our information to companies without our noticeable permission or just Even behind our back its wrong and lending tree should be held accountable for there actions the more victims we have the better chance of getting justice ill be in touch .the only reason they got I star is because they won't u summit without at least putting one star which they don't deserve that

2 years ago

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Monique Snow Sterling, CT

Lending tree was easy to use in the aspect that it was all done online. However, I found it to be a bit overwhelming with the many offers you recieve. Having to do all the research on each company and figuring out the best option was kind of a hassle. But was overall satisfied with the service and quickness of the process.

1 year ago

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Precious H. Red Oak, TX

I have used this company to shop for the best rates and terms when I am in need of a loan. I like that I can use their services from home and conduct whole transactions online.

1 year ago

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Trish webb Phoenix, AZ

I was able to find a great refinance on my loan through lending tree. I was very skeptical but pleasantly pleased with the ease of apply and the offers that were given. I would use them again

1 year ago

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M Garcia Columbia, SC

Overall, my experience with Lending Tree was not a good one. It was basically a bait and switch on their part, and it left me very wary of dealing with them at all in the future. They promised a low interest rate, put my info out there, and the interest rates I was offered from lenders were considerably higher than what they had promised. In addition, many lenders were contacting me without permission, as they were not included in the ones who made me offers. This is illegal, and it concerns me that so many lenders are given your info, despite Lending Tree's ad stating that they only give it to a few. I did not accept any of their offers and went with a local bank who offered me a very low interest rate that I was very happy with.

1 year ago Edited August 24, 2022

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L Turner Indianapolis, IN

I searched for loan for a company on my own for a while. Lending Tree was a Perfect place to shop, compare rates and speak to potential Lenders and they were legit with excellent ratings. They contacted me within hours based to start the preapproval process. Great company. Friendly and easy to work with.

1 year ago

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Drue Nelson Bozeman, MT

Put in an application on a Sunday, innocently putting my primary email and phone number. Monday I received 5 text messages, 20 calls, and many emails. The worst part is that the interest rates they are offering are over 20%! Absolutely nothing reasonable. My company has no debt, is profitable, and my personal credit is over 700..... I wish I had searched before putting in my information.

2 years ago

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Nancy Montgomery Scottsbluff, NE

I am not happy with lending tree I have tried to get a personal loan as I found out they have and probably continue their false advertisements saying all credit are ok that false statement I have been denied for a personal loan then they sell your personal information and use your credit history against you. This CEO should know better to send out false information on all credit are ok. Plus discrimination of the like.

4 years ago

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Bridget Walker Gulfport, MS

Lending Tree was where I got my very first credit starter loan. They gave me a loan when no one else would. If not for them I wouldn't have the credit I have today. They are great for helping people build their credit. I recommend them for people just starting out.

1 year ago

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janalee sanders Valley Center, CA

we looked into a personal loan with lending tree but did not end up using their company. our customer service rep was nice and knowledgeable but ultimately they couldn't offer us a interest rate that was what we felt would be best for us.

5 years ago

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Larry Gage

Giving LendingTree my tele and email started a cascade of spam calls, email, and text messages. Stupid of me. All LendingTree does is sell your info to dozens of mortgage brokers who will hound you until you change your email and tele. When you see LendingTree, think relentless spam.

2 years ago

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Bjay Milwaukee, WI

Lending Tree is funny loan agency they gave me a loan credit of $1200.00 then took it back. Weird part when I mentioned out loud I wonder can I pay & 150.00 a month. Web page started to reload and a disclaimer page showed up with apology information of disapproval. Hmmm...

6 years ago Edited September 14, 2021

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no sugarcoating Cheshire, CT

I tried applying there based on an interest rate teaser that was advertised. You can't see real terms before providing all your information upfront and when you do, they will only link you to various other lenders that all have interest rates higher than was advertised!! so you are basically giving all your personal information to a middleman that does nothing for you. BEWARE and apply straight with reputable banks

1 year ago

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Susan Bowes Aberdeen, WA

very good customer service they were very helpful and had great rates i would reccomend

10 months ago

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Tomas Tovias El Paso, TX

I had need of an immediate loan for a home repair I like how fast and safe the process was. There is nothing I dislike

1 year ago

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Kristen Smith Corpus Christi, TX

A wonderful website that got me the money I needed quick and without hassle .easy to understand terms and great service

1 year ago

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Walter Brawner Oak Park, IL

Easy application process for manageable loan rates and fair terms which coincide with your credit and income. Best experience ever...

1 year ago

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Laura Mccall Sacramento, CA

Lending tree customer service was really helpful they got us approved quickly and had lowest apr rate.

1 year ago

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Vito F Carson, CA

Still getting solicitation calls from this one single call to lending tree. Terrible experience.

5 months ago

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Monica Savard Gilbert, AZ

They were great. Easy, fast, no pre payment penalty. Rates were good. Perfect for my needs

1 year ago

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Sheila Stone Franklin, NC

When I went on-line to Lending Tree it gave me a list of potential lenders. The experience was a little difficult and confusing.

1 year ago

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Demetrace Williams Milwaukee, WI

Lending Tree has thee best customer service. The process was easy and I got my money within days.

1 year ago

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John Gomez Marietta, GA

Same as most here. Entered personal contact info then IMMEDIATELY FLOODED with calls, emails, voicemails, etc. We'll see how long it lasts...

2 years ago

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Megan Weidle Cleveland, OH

They had high interest rates and didn't offer much in terms of loan amount so I wouldn't recommend. Plus they spam text

1 year ago