Is LendingTree Legit, Safe or Scams?
If you’re asking yourself whether LendingTree is legit, you have every right to do so. After all, you’re about to take on a big financial obligation (whether it is a mortgage loan or a personal loan).
Your objective is to save money, so you want to find a lender with the best mortgage rate. But if you aren’t familiar with LendingTree, how do you know if it’s legit?
There are resources available to check, such as reading LendingTree reviews, to make sure if they are trustworthy.
When you’re looking for a mortgage lender you can trust, LendingTree is the right place for you. Just enter your information and get multiple free and free mortgage rates within minutes.
What is LendingTree?
Before answering the question of “is LendingTree Legit?,” you need to have an understanding of what LendingTree is.
Launched in 1998, LendingTree has built a reputation by matching borrowers to lenders. (For more information about the company, visit its website.
Instead of filling out several applications and talk to several lenders, with LendingTree you can shop around for the best mortgage loans on one website. Itâs an all-in-one platform.
It just connects you with multiple lenders all at one time so you can compare and choose the best mortgage rates.
So in case you were wondering if LendingTree is a legitimate and trustworthy company, the answer is a resounding “yes.”
LendingTree is legit.
Related: LendingTree Review: Get a Loan in 10 minutes
Five Ways You Know LendingTree is a Legit and Trustworthy Company.
1. Read LendingTree reviews by their customers to see if it’s legit.
Part of your search “is LendingTree legit” should include reading customer reviews about their experiences with the company. Performing a simple Google search for “LendingTree Reviews,” then you will find a lot sites like consumeraffairs.com or trustpilot.com.
These reviews can help you determine if LendingTree is indeed legit. These reviews can give you the inside story on everything about LendingTree from customer service to interest rates.
One thing to keep in mind, however, is that happy customers are less likely to submit a review than unhappy ones.
So read these reviews with an open mind. Indeed, it’s important to look for reviews that are based on facts rather than opinions.
For example, a review that says “I like the lenders provided by LendingTree because their rates are low” is based on facts. A review that says “their service sucks” is based on opinion.
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2. Check LendingTree’s Better Business Bureau (BBB) rating.
Another way to know for sure if LendingTree is legit is to check its BBB rating. The BBB assigns business ratings from A+ to F.
A search for LendingTree’s BBB rating shows that not only it is an accredited company, but also has an A+ BBB rating. A BBB rating of A+ is the highest rating you can get. So if LendingTree has an A+ rating, you know it’s legit.
One thing to keep in mind is that BBB ratings and customer reviews can differ significantly. While a company like LendingTree may have negative reviews from customers (every company does), their BBB rating might be an A+.
3. Check LendingTree’s website.
Another way to know if LendingTree is legit is to thoroughly review its website. A company may seem genuine, but there are a few things that can throw up a red flag. Things to look for to see if LendingTree is a legit are:
- How long have they been in business. According to both its website and the BBB website, LendingTree has been in business for 23 years.
- Does it offer customer service? If there is no contact support, no address, no phone number to reach the company, this may be a red flag that the company is not legitimate. Fortunately, LendingTree’s homepage is full with that information. So there is no need to worry on that point.
Compare mortgage rates with LendingTree
4. Talk to family and friends about their experience with LendingTree.
Just like reading consumer reviews about LendingTree, friends, family members, colleagues are a great source to determine if LendingTree is legit. Ask them if their experience was satisfactory or not.
5. Visit a local office or a main office.
If you’re still not convincing that LendingTree is legit, visit a local office or their main office. Their main office is located at 11115 Rushmore Dr., Charlotte, NC 28277.
In conclusion, LendingTree is legit. But if you want to do your own research to determine if they are legitimate and trustworthy, do the following: check LendingTree’s reviews, their BBB rating, their website, and ask colleagues and friends about their experience with the platform.
All of these should lead you to believe that LendingTree is in fact a legit company.
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