LendingTree

Pros: prompt reply, process done online and over phone, quick delivery of checks
Cons: form submission is tedious

Last February, I had finally gotten fed up with paying those outrageous interest rates on my credit cards. I had 5 cards accruing more and more interest every month and decided the time was long overdue to do something about it.

I had...

Pros: none I saw
Cons: terrible customer service

I have had a horrendous experience with the Lending Tree's customer service. I filled out most of the company’s very long on-line car loan application form, which requested every kind of personal information imaginable (ss#, mother’s maiden name,...

Pros: Good lenders to choose from
Cons: Horrible design, usability

We recently were in the market for a secured line of credit on our home in order to undertake some improvements, refinance a car loan, etc. I checked with a few of the standard outlets for loans: our bank, our insurance company, etc. None were...

Pros: Internet applications are more convenient to make than applying in person at a bank.
Cons: Wouldn't help because my loan was too small, has creative ways to be pushy.

LendingTree appears to be a rather customer focused site. Unfortunately, you're not the customer. Their customers are the companies that actually supply the mortgage, and who pay for LendingTree's operating costs. This sort of customer focus lead to them...

Pros: They provide exactly the service they advertise
Cons: You never know what you'll get.

My wife and I refinanced our mortgage with a company we contacted via LendingTree. The service itself does precisely what it claims: it distributes your information to participating lenders and gets you up to four quotes. Any problems experienced after...

Pros: Offers were delivered as promised.
Cons: Website is frusting; Your private data is kept for at least 25 months without recourse.

I recently gave LendingTree.com a try in my quest for a low-rate home loan. You know, “When banks compete, you win!” As you would expect, I had to reluctantly divulge all sorts of identity-theft-fodder information in order to complete the ...

Pros: None
Cons: Invasion of privacy, tried to bait and switch, preposterous closing fees.

I had used lending tree's service about a year ago (for a home eq loan) and was happy with the results. I got 4 offers via e-mail only, no badgering to sign up from the lenders and reasonably good rates (although I eventually found better elsewhere)....

Pros: Excellent idea
Cons: Reliant on outside suppliers, which often gives poor service

Lendingtree offers the chance to have various financial institutions fighting over your trade, benefit the consumer by lowering mortgage rates (or loan rates).

The site

The site is well designed and very intuitive. It is very...

Pros: The only pro I have is to stay away from them!
Cons: The whole thing was a CON!

I have bought and sold five homes and done several refinances and HELOC's. Lending Tree was by far the worst experience I ever had from beginning to end! In fact they are the only bad experience that I have had! They claim to match you with four banks ...

Pros: Easy to navigate, easy to apply, fast replies.
Cons: Only submitting to one lender??? Terms not clear on site!

I saw all of the commercials. I read the advertisements. I heard the stories from others. I even read the epinions concerning LendingTree.com. Recently, I wanted to apply for a small loan so I visited the site.

I must say that of most...

Pros: Ease of doing everything online
Cons: Poor customer service, LONG processing time, High fees

We recently applied for a home equity loan with Lending Tree. Unfortunately, I should have read the reviews here first! When we started the process, the loan officer gave us a ball park figure on our home's value. It was $30,000 less than what the ...

Pros: None - go locally or somewhere else.
Cons: Costly, over represent what they can deliver, dont stand behind their word.

My wife and I used Lending Tree recently to establish a home equity line of credit. What would take a few days by using a local mortgage guy in the end took months by LendingTree. We wanted a fairly small home equity line and we were told that only ...

Pros: A fun concept, until you try it
Cons: Might as well shout your financials from the rooftops for the same results

I thought the idea of LendingTree was absolutely brilliant. Since my info would be going to lenders who knew I was looking at competitive offers, maybe they'd start lower and I'd save myself some time in the process. Too bad this isn't really the case. ...

Pros: Different loan offers, good initial process, did ultimately lower my mortgage payments
Cons: Confusing paperwork, poor communication, and a nagging sense that I got cheated

I used LendingTree to refinance my mortgage in June, 2007. LendingTree is supposed to be an efficient, low cost, way to refinance. Their advertising says that they work with lots of lenders to find the absolute best deal for you. The ads imply that ...

Pros: None to speak of
Cons: Does not save much time. May hurt your credit score.

The service that Lending Tree provides is not worth the effort. All they do is send your loan application to 3 or 4 lenders. They are just providing leads to these lenders, nothing more. There is no real competition like they advertise. In ...