Is Lending Tree A Scam?- Get The Answers In My Review!

Is Lending Tree A Scam?- Get The Answers In My Review!

Name: Lending Tree

Owner: Douglas Lebda


Overall Rank: 6 Out of 10

Verdict: Legitimate

There has been some recent online buzz about this company, so I decide to check it out and see what it’s all about.

The company claims that it connects the borrowers to the lenders and offers a low rate personal loan up to $35,000 for the applicants that are qualified.

But is this company real? Or is Lending Tree another scam that won’t deliver what they promise at the end of the day?

Is Lending Tree safe and legit?

I have gathered all the details about Lending Tree so you can make an informed decision.

Read on to learn everything you need to know about Lending Tree.

Also, don’t forget to check out My #1 Recommendation and discover the method I make a full-time income online.


What Is Lending Tree All About?



Lending Tree is one of the online loan services that is getting popularity today, especially when it’s coming from lenders that offer you low-interest rate.

Lending Tree is not a direct supplier of loans. Instead, it connects those who need a loan to those who have extra to lend. Each loan is typically funded by multiple people all over the United States.

These loans are usually unsecured, which means you don’t need to put any collateral (like a house or car) that could get taken away if you can’t make a payment.

However, not everyone has had a good experience getting a loan through them because the credit and interest rate is determined by the amount you are loaned.


Is Lending Tree A Scam?

Not at all! The company was launched in 1996 by Douglas Lebda out of North Carolina, U.S.A.

They would have been shut down and throw in jail several years ago if there was an even slightest hint of a scam here.

They marketed themselves as “A leading online loan marketplace with one of the largest networks of lenders in the nations” and promise that you will never overpay on a loan again. was registered on January 14, 1998, and allegedly has facilitated over 55 million loan requests which accounts for $251 billion in closed loans transactions at the time of this review.

Lending Tree has an A+ rating with the Better Business Bureau. BBB ranks companies on F to A+ scale so Lending Tree’s rank is excellent. Receiving an A+ Scale from Better Business Bureau is a sign of a very trustworthy company.


The Pros Vs. Cons Of Lending Tree


  • They are legitimate
  • They offer low-interest rate
  • User-friendly interface
  • The application process is fast and easy
  • They have an excellent rating from Better Business Bureau


  • Several unresolved complaints from BBB at the time of this review
  • Some loan applicants are denied
  • Too much email and phone call from them
  • Your personal information is given out to their third party


What Are Their Services?

Lending Tree offers a wide range of loan services. Listed below are all the services currently available from them.

  • Home loans
  • Auto loans
  • Personal loans
  • Business loans
  • Student loans
  • Credit cards
  • Free credit score



If you are desperately in need of money in the future and don’t want to go through the long process of the traditional financial institution, Lending Tree would be a better option.


How To Get Started

Their loan application process is fast and easy. You can get up to 5 personal loan offers in minutes.

Before you can start requesting a loan, you’ll want to let them know the purpose of the loan like debt consolidation, home improvements, medical expense or other.

Then you will need to enter the amount of loan usually between $1000 and $35,000.

Immediately after you enter the amount of a loan you need, you are required to enter your credit score which ranges from poor (623 or less) – Excellent (72+).



You also need to let them know your current employment status like full time, part time, self-employed or unemployed.

After you put in your employment status, they ask you to enter your annual pre-tax income to make sure you really have a job.

Then you’ll want to enter your personal information like your street address, email, name, date of birth and phone number to complete a loan application.


Am I Qualified For Lending Club Loan?

To qualify for Lending Club Loan, you’re entitled to meet 5 key criteria:

  • Credit score between 623 and 850
  • Gross Household income over $6500
  • Employment history. You need 2 consecutive years at the same job
  • Cash Reserve. You’ll need to have 3 to 6 months cash reserve
  • Down payment. For mortgage, you’ll need 10% to 25%.

If you meet these criteria, you may qualify for a loan.

If you want to loan money, I would suggest you to estimate the ideal amount you need and how fast you will be able to pay the money back.


My Final Opinion On Lending Tree

Lending Tree is a great option. Most borrowers are satisfied with the lower payments that Lending Tree offers.

In my opinion, if you need a personal loan that does not exceed $35,000 with low-interest rate, Lending Tree will be a good choice for you.

This lending network might help you pay off your debt and every other expense at a very attractive rate.

Do you happen to have any prior experience with the Lending tree, you would like to share with everyone else today? If you do so, tell me all about it in the comments below.

I love to hear about it!

Thanks for reading.

All the best!




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