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
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.
