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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

National DR

Accredited

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

What else should I know about debt consolidation loans?

How can I choose the best debt consolidation loan for my needs?

To find the best debt consolidation loan, you'll want to compare interest rates, fees, and repayment terms across multiple reputable lenders. Use online comparison tools and customer reviews to evaluate your options and choose a loan that matches your credit profile and financial goals. This helps you avoid hidden costs and secure the most affordable, reliable solution for your debt relief needs.

What is the best way to consolidate credit card debt?

A fixed-rate personal loan is usually best. Compare interest rates, fees, and repayment terms from multiple lenders to find the best deal.

Can I get debt forgiveness through consolidation?

Consolidation itself doesn’t erase debt, but it can simplify repayment. Forgiveness may apply separately for eligible public service or hardship cases.

Are payday loans eligible for consolidation?

Yes, many lenders allow you to consolidate payday loans into a single loan, potentially reducing the sky-high interest rates.

Is there debt relief for teachers or medical professionals?

Yes, many professionals in education and healthcare qualify for forgiveness programs, grants, or low-interest consolidation loans.

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

A loan is a new credit product used to repay old debts. A debt management plan is a structured agreement with creditors, often via a nonprofit, that helps simplify repayment without taking out new credit.

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