Read 17 LendingTree Customer Reviews and Complaints (Page 2)

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Average Customer Rating: 1.6
Rating Snapshot:
5 star: 2 4 star: 0 3 star: 0 2 star: 2 1 star:  13
Bottom Line: 12% would recommend it to a friend
Showing 12-17 of 17
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  • 22 out 24 people found this review helpful

    A scam

    • Illinois,
    • Jun 5, 2018
    • Verified Reviewer

    I called Lending Tree for a home equity loan. Within seconds of emailing in my inquiry, I got four calls. I was on the call with the first company that called, Royal United, whoever they are, while the others came in. I was kept on the phone for some time. So first, I don't want to spend 30 minutes with each of four or five callers. This essentially eliminates the supposed benefits of lenders "competing" for my business.

    Second, apparently the companies that call can be disreputable. Royal United quoted me closing and origination cost of over $5000 (after I asked specifically) and a loan rate of 5.25%. They were in a rush to get the process started. When I said I would be looking at other options I stopped hearing from them! Want to know why? Well, my local banker with whom I have my accounts was shocked at the price quoted. She said that was higher than even closing costs on an original mortgage, and had NEVER heard of anything so outrageously priced.

    As it turns out, the bank (Fifth Third) was willing to lend more money, do it faster, acknowledged my credit score was considerably higher than what Royal United said it was, lend at a full percent less rate, and with all costs less than $500. These facts speak for themselves. Do NOT use Lending Tree!

    Bottom Line: No, I would not recommend this to a friend

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  • 26 out 26 people found this review helpful

    Scam-types

    • New Jersey,
    • Feb 16, 2018
    • Verified Reviewer

    As you go through their process, they want more and more contact information. The final one is your phone number, then when you click on the button that states "get quotes" and in that process accept all of their terms and conditions, what you get is not a quote, what you get is a mad rush of salespeople calling you. These are not quotes, these are salespeople from companies that you have never heard of who want all your information. They want to make a sale NOW. All I wanted to to do was look at rates and costs and make my own decision on my timeline. In the end, I found no company that I could trust from them.

    Bottom Line: No, I would not recommend this to a friend

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  • 29 out 30 people found this review helpful

    Robocall nightmare

    • Wisconsin,
    • Dec 5, 2017
    • Verified Reviewer

    I was not prepared for the dozens of calls I received from so many mortgage brokers. I thought the process would let me know if I could get pre-approved for a mortgage and it became impossible to keep up with the lenders. I had to turn my phone off for a week. All of them wanted additional info to process my loans and I thought that's what I had gone through in the first place.

    When I stopped answering my phone, the emails started and I had to unsubscribe to each one. Lending Tree gives you no option to opt out to everyone through their site. This is what really irritates me. I finally had to start telling each lender that I was not interested and every single one hung up on me when I did. I've never seen a ruder group of people and the process was a nightmare.

    Bottom Line: No, I would not recommend this to a friend

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  • 22 out 23 people found this review helpful

    Rude

    • Michigan,
    • Oct 2, 2017
    • Verified Reviewer

    I called to get a loan, I don't have good credit because of bankruptcy but was honest about it. They said they would send me to a company that would give me a loan. Put me over to someone that wanted to rebuild my credit. When I said I need a loan now, he was very rude and said goodbye!

    Bottom Line: No, I would not recommend this to a friend

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  • 43 out 44 people found this review helpful

    If it sounds too good to be true

    • San Bernardino, CA,
    • Apr 27, 2017
    • Verified Reviewer

    I received an email from LendingTree stating that I qualified for a loan up to $6,000. I could really use that money, so I gave them a call. I was told I would get a $6,900 loan and make 36 payments of only $209. In the back of my mind I'm repeating, "if it's too good to be true..." But, I'm an honest guy, and I thought they would be, too.

    They sent me an official looking loan document saying I was approved and yada, yada, yada. They wanted me to sign it and fax it back to them. They told me that 25 minutes after they receive my fax, the money would be in my bank account. Needless to say, it was never put it.

    The following day I phone LendingTree to find out the status of my loan. The first thing I thought was "odd, they never say the company's name when they answer the phone." Then, they tell me I need to pay $300 for some kind of insurance because my credit is bad. They wanted me to buy an iTunes cards. That's why I finally admitted to myself that if it's too good to be true, IT IS! Oh well, you live and learn!

    Bottom Line: No, I would not recommend this to a friend

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  • 30 out 33 people found this review helpful

    Concerns

    While LendingTree is a good concept and allows access to a large number of lenders, my experience was that there is very little ethical oversight of these lenders. they try to make a fast sell regardless of sound economical factors, as a few years ago when the house market went down.

    The lenders at that time wanted to give me an adjustable mortgage when everyone new at the time that it was not a good thing for the client and as I refused the offer of the adjustable mortgage deal, as the agent was hanging the phone on me, he said, “Stupid idiot!” Lending Tree should be more careful as to who they refer clients to. Thanks

    Bottom Line: No, I would not recommend this to a friend

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Showing 12-17 of 17

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