Find the Best Personal Loan for Your Needs
What is Lending Tree?
Lending Tree is an online loan marketplace that connects clients to a group of lenders that are committed to providing consumers with a variety of lending options. Regardless of the reason for the loan, individuals can expect to receive a solution irrespective of their borrowing needs.
Do They Offer Personal Loans?
Individuals search for loans for a variety of reasons. Whether they are in need of additional funds, seeking to pay off outstanding debt, purchase a vehicle, go on vacation, or improve the appearance of their home, personal loans are available. Lending Tree helps clients receive loans ranging from $1,000 to $35,000.
The types of loans provided through lending tree are unsecured personal loans, signature loans, emergency loans, wedding loans, medical financing, and small personal loans. Unsecured loans are offered to consumers without the need for collateral.
Signature loans are referred to as “good faith loans.” Lenders rely on the signature and the word of the client to pay off the loaned amount. These loans are typically offered to persons with high credit ratings.
How Do I Apply For A Personal Loan?
The benefit to using this service is that Lending tree makes it as simple as possible to receive loans. By selecting the reason for your loan on their website, you are coaxed to put in the desired loan amount that is sought.
Once this is complete, a series of questions follow such as your current credit rating, employment status, annual income, living status and other inquiries. These questions are asked so that lending tree can better understand the applicant, connect them to the right lenders, best rates and ensure both parties receive what they are seeking.
The advantage to receiving a personal loan is that it helps individuals improve their credit. Lending tree encourages borrowers to make regular payments on their loan to ensure that their credit score continues to increase.
Once their application process has been completed whether online or over the phone, individuals can expect to receive funding in less than one week. Lending trees services have been described as simple and straightforward.
Applicants can expect to view a number of offers including rates that they qualify for and compare them accordingly. This feature enables applicants to review offers and choose which option is better suited to their needs. Lending Tree does the legwork for applicants and eliminates the tedious task of searching for competitive loans and offers.