This article has everything under its belt from reviews and login and application to how you can delete your LendingTree account on America’s largest online lending marketplace.
LendingTree for many seems like a misnomer, primarily due to the reason that the company doesn’t lend. While it is indeed true, the company did have a rationale, which is connecting the potential borrowers to a plethora of moneylenders that are registered on their website and thereby giving you several options to compare deals across different kinds of loans, credit cards, housing insurance, deposit account and a lot more. In all of this, one thing that it does seem to mitigate is the amount of time that you would spend oscillating from one financial institution to another. Now, before we move into the technicality of the website and how it works, let’s get a taste of the reviews. For, any product financial in nature demands us being conversant.
Pre-lender interaction with LendingTree
Passing the preliminary stage
Checking your Credit score
It’s important while you are seeking a loan to provide details of your credit score and if it is bad then you will be going through a hard time finding one and no institution vests their interest on borrowers with a bad credit history. Before you apply make sure that you know what your credit score is and the potential APR that you may have to pay. The higher the credit score, the lower the APR.
Get your Prequalification
Now, once you are cognizant of your credit score, you can finally embark upon the journey of knowing your loan requirements. Some will list the required credit score on their websites while others won’t.
Now, the next thing you may want to do is compare different offers based on the factors consisting of Estimated APR, fee and penalties, loan amount and length, and monthly payment collateral required or not. All of this will help you settle down on a loan offer.
Now, the stage comes where you will have to apply through the lender. This process would require a hard credit check or hard pulls which can impact your credit score for they will be assessing your credit history and making a note of their officials all the way into your credit reports. However, it lasts only for 2 years in your credit report and can impact it for only a year.
Now, after all the inquiries you will finally be able to receive your funds by simply signing a loan agreement that would not require much of a hassle as it will be done online. Don’t forget to go over the terms and conditions before you make those strokes.
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Now, before you apply or even try to delete your Lending Tree account, it is important to get your way into the website, which won’t happen unless you log in. so, below are the steps into the sign-in process for new users which will, in turn, help you log in.
No matter how good the services of the company might be. You still may want to delete your Lending Tree account due to reasons such as promotional emails that are spamming your email and others. In any case, the below steps will allow you to delete your Lending Tree account via the official Lending Tree website as well as via mail.
LendingTree is absolutely free to use for the borrowers, it’s the registered lenders that will have to pay a certain amount of fee to the company based on the finalized loan.
One thing that you may want to keep in mind is the fact that the mortgage that would clinch, would be similar to elsewhere. But, as already mentioned you can always compare the offers from different lenders thereby enabling you to enjoy some degree of cut.
You can get a loan after you have been selected in less than 2 minutes.
One of the key things that turn out to be a blemish and is not colloquial to the company but rather the structure of their business. For, from the time of your application till the time you have finally made up your mind, you are going to get bombarded by emails and phone calls. It’s kind of like a rat race, for everyone, has financial incentives to not bother you once.
Another negative is the corollary of the first one, as many lenders would be affiliated to many unknown banks. So, do proper fact-checking before you finalize any sort of mortgage. They may even ask you to make a deposit or insurance to get a loan, but as per the LendingTree guidelines, companies would not bother asking for any sort of initial monetary deposit. So, don’t get succumbed to online scams while using Lending Tree.
Lending Tree is one of the finest online platforms that allow you to compare different kinds of financial instruments. However, the technical aspect concerning the platform such as how you can log in and how you can delete your LendingTree account are all covered here. Make sure you follow the steps as it is.