Is LendingTree Legit Safe?
LendingTree Is One of the best lenders that help you find personal loan lenders that include mortgages, home equity loans, auto loans, and personal loans. lending free serves as a store that helps you to provide a convenient one-store shop for your loans, it is done by aligning your choice, convenience, and your values with that of the lenders, therefore, making it a perfect match for you.
Therefore, you should note that LendingTree is most certainly not a scam and it is 100% legit safe. They provide loans to thousands of clients annually and have been doing so for years. They are known as a reliable company and one of the largest lending companies out there.
Is LendingTree Legitimate And Reputable?
Before you enter your information on a lender site or any business, looking through their complaint and reviews should be your first highlight. It is these reviews that will help you determine what to look out for and what you are getting yourself into, it is not compulsory you believe them, but it is essential in helping you determine whether to steer clear or not. Before you can decide whether LendingTree is legit or not, there are a few things you must consider, and they are listed below;
1. Reliability of the lender’s company
2. The company’s loan origination fees
3. Their Annual Percentage Rate (APR)
4. Late payment fees charges
5. Prepayment penalties charges
These are the qualities you must check in a loan company that you want to apply to, apart from these you must be aware of all their hidden fees and where it is going into, the total cost you will pay for the loan, and the duration you are willing to use in paying back this loan. Going through all these qualities and observations will verify the authenticity of the lenders. You shouldn’t search for long since all these attributes can be found in LendingTree, hence, proving their legitimacy. This legitimacy then helped them to develop its reputation as one of the best American lending online loan marketplace
Is LendingTree Safe?
LendingTree is safe because they have a coordinated way of protecting the information of their customers (I.e their customer-sensitive information is encrypted and It is only LendingTree that has the privilege to decode the encryption). Another method you can use to verify if your personal information is safe with LendingTree is to analyze the key or lock icon that can be found on their page. It is this lock icon that will help you determine who has access to your information, and who has access to your phone numbers. It is also through this lock icon you can maximize your privacy.
One of the major challenges people face with this company Is their constant calls and this can be eliminated if you select the self-select on their lock icon page (this means you are the only person that can initiates contact). If you are inactive for some period on the app, your account will automatically be logged out in other to avoid fraudulent acts from an unknown source and this further proves that your information is safe on the app whether you are a constant client or a visitor on the app. Lastly, you should also be aware that this lending institution uses Next-generation firewalls to protect both internal and external threats from the information of their clients.
Conclusion
LendingTree is an online lending marketplace that allows borrowers to shop at their rates and in the process compare the rates, interest, and terms of an array of lenders. In other words, the company will allow you to compare rates and fees from many different mortgage companies in a short period. This is proof of their legitimacy and likewise proof that your essential document is safe with them.
Is lendingTree better than Quicken tree?
Lending Tree is a loan marketplace, they connect you with other lenders. Quicken Loans is a direct lender. They are lending their own money. The choice is yours to decide.
How can LendingTree help you get a personal loan?
Striving to get a personal loan with LendingTree is easy and you can do the application online, by phone, or using the LendingTree app. You just have to answer a few simple questions and provide basic personal and income information, such as:
1. Personal identification information
2. Address and type of residence
3. Employment and pre-tax earnings
After providing your basic information, all you have to do is wait for the results.
