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LendingTree Review

In a nutshell: LendingTree is a long-established U.S.-based online marketplace offering access to a large network of lenders for debt consolidation. With a single, secure application, users receive multiple competitive offers, making it easier to reduce costs and streamline payments. LendingTree also provides tools like credit monitoring, calculators, and educational content to help borrowers make informed decisions.

LendingTree Review

Overview

Founded in 1996, LendingTree is a publicly traded fintech company headquartered in Charlotte, North Carolina. It operates as an online lending marketplace, connecting borrowers with a network of over 300+ lenders across the U.S. Rather than issuing funds, LendingTree enables comparison shopping; submitting a single application yields multiple offers from competing lenders, which can help borrowers secure more favorable terms.

LendingTree's debt consolidation services are especially popular. In early 2025, nearly 49% of U.S. borrowers on its platform used a personal loan to consolidate debt. The platform’s USP lies in its combination of convenience, one application, many offers, and educational support, including budgeting tools, credit monitoring, and rate calculators.

Pros

Fast access to multiple loan offers
Secure process with soft credit inquiries
Credit score monitoring is included
No charges for using the platform

Cons

Potential influx of lender contacts after inquiries
LendingTree itself doesn’t fund loans
Partner lender requirements may exclude low-credit borrowers

Application Process

One secure form: Complete an online form detailing loan amount, debt type, credit score, income, and employment.
Soft pull credit check: Initial inquiry doesn't impact credit score.
Receive offers: Matched with up to five lenders based on profile.
Select & finalize: Complete the loan application directly with the selected lender.
No obligations: Borrowers are free to decline any or all offers.

Debt Services

LendingTree provides a broad spectrum of debt solutions:

Debt consolidation loans: Combine debts into one manageable payment.
Debt management plans: Offered through third-party counselors, helping to restructure repayment.
Debt settlement: Negotiated reductions with creditors, used as a last resort due to potential credit damage.

Educational resources help consumers determine the best path based on their credit profile and debt size.

Types of Debt Covered

Credit card balances
Medical bills
Unsecured personal loans
Payday loans (case-dependent)

LendingTree also supports:

Home equity loans
Student loans
Mortgages
Auto loans
Business loans
Balance transfer credit cards

Customer Support

Contact options: Phone support at 888‑813‑4620, email, and online forms.
Live chat: Available during the application process.
Security: Uses 128-bit encryption for secure data handling.
Privacy: No fees or ID required upfront; cancellation possible anytime.
Concern: Expect follow-up from multiple lenders post-application.

AI was used in the creation of this content, along with human validation and proofreading.

Pros

Fast access to multiple loan offers
Secure process with soft credit inquiries
Credit score monitoring is included
No charges for using the platform

Cons

Potential influx of lender contacts after inquiries
LendingTree itself doesn’t fund loans
Partner lender requirements may exclude low-credit borrowers

Our Top 3 Picks

Freedom

Accredited

JG Wentworth

Application process

9.0

The application can be completed easily on their platform, and users can receive multiple loan offers quickly

Customer support

9.0

Toll free phone or email support Mon-Thurs 8:00 AM to 9:00 PM EST, Fri 8:00 AM to 8:00 PM EST, and Sat 10:00 AM to 7:00 PM EST

Eligibility criteria

Accept all debt types, all debtor types, no restrictions as they are a loan aggregator

Customer rewards

9.0

Customer rewards depend on the loan company chosen by the searcher

Financial tools and resources

8.0

Provides information and referrals to credit counseling agencies that offer DMPs, offers many educational resources

FAQs: quick answers on debt consolidation

How can I choose a suitable debt consolidation loan for my needs?

Compare interest rates, APRs, fees, and repayment terms from reputable lenders to identify a debt consolidation loan that aligns with your financial situation. Use online comparison tools and verified customer reviews to help evaluate your options. Choose a loan that suits your credit profile and financial goals, and carefully review all terms and conditions to understand the fees and repayment obligations.

What are some common ways to consolidate credit card debt?

A fixed-rate personal loan may be a suitable option for some individuals, depending on their credit history and financial goals. It's important to compare interest rates, fees, and repayment terms from multiple lenders to find a loan that fits your circumstances. Results will vary based on your financial profile.

Can I get debt forgiveness through debt consolidation?

Debt consolidation does not eliminate or forgive your debt; it simply combines multiple debts into a single loan, which may help simplify repayment. Debt forgiveness is typically only available in limited cases, such as qualifying federal loan programs for public service workers or documented financial hardship. Eligibility requirements vary by program.

Are payday loans eligible for consolidation?

Some lenders offer consolidation options for payday loans, which may allow you to combine multiple payday debts into a single loan with different repayment terms. Depending on your credit profile and the lender's terms, this could result in a lower overall interest rate. Eligibility requirements vary by provider.

Is there debt relief for teachers or medical professionals?

Certain public sector workers in education or healthcare may be eligible for government-backed programs such as federal loan forgiveness, income-driven repayment plans, or grants. These programs have specific eligibility requirements based on loan type, employment history, and repayment records. Not all applicants will qualify, and results depend on individual circumstances.

What is the difference between a debt consolidation loan and a debt management plan?

A debt consolidation loan is a new credit product that combines multiple debts into one, usually with a single monthly payment and a fixed interest rate. A debt management plan, typically arranged through a nonprofit credit counseling agency, is a structured agreement with your creditors to repay what you owe, often with reduced fees or interest, without taking on new credit. These plans may also require you to close or suspend use of your existing credit accounts during the repayment period.

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