Is LendingTree a dating site?

loan offers

Why LendingTree is getting many bad reviews?

When our site gets a note from affiliate network telling we have been approved for promoting a vendor, before we do, we check on that vendor in many trusted review sites. We rejected many offers once we find vendor has consumer trust issues.

LendingTree owned by same firm that owns site. The owner is  IAC/InterActiveCorp (Nasdaq: IACI) 

Though the idea of LendingTree is to "match" consumers with lenders, explained in details in its Terms of User Agreement, many bad reviews filled the Web complaining the company ruined their credit score and sell their information to vendors who started calling them and never stopped. There are also sites that give positive reviews to LendingTree, like  9 out of 10 grade.

Our verdict: If you want use LendingTree to compare and get the best loan for you, you MUST read it very long Terms of User Agreement, because it details the many third party vendors involved during your transactions.

Do banks police your affiliate links?

Yes, banks read your site

stock sale

They do poke around your site.  Sometimes their concerns are trivial, such as an incorrect spelling or misplaced trademark sign. Sometimes their concerns are more legitimate such as an incorrect sign-up bonus or minimum spending requirements.

Sites shouldn’t promote other non-affiliate links (with better offers) on certain other cards. 

Site also can have their commission earning links removed (and lost hundreds if not thousands of dollars) because site publicized an offer when first heard about it (despite being told not to) rather than waiting for site affiliate links to be provided by the network.

Credit Repair? Thanks, Maybe

Do you need a credit agent to fix your credit?

You read the following everywhere:

"We work with the credit bureaus and your creditors to challenge the unfair or inaccurate negative report items that affect your credit score. We'll ensure your credit history is up-to-date, accurate, and reflects you honestly. This can all help to fix your credit."

Frankly, I never used any agency when I had really bad credit. The only time I used one was when I defaulted in my student loan. Only at this point you do need help. Default on student loans is the worst experience ever, because they lock all doors in your face, you don't even get your monthly salary.

I consolidated my credit cards

The Personal Loan Experience

personal loan offer

Yes, I might be promoting this link, but I do that after I have a good experience getting rid of the many credit cards I had. Here is what has happened: I had seven credit cards with high interest rate (21% - 27%) that I opened while back when my credit score was under 600. Now, having a better credit score, I applied for a personal loan with far less interest rate. I took that loan, paid off all my credit cards, and now I make only one payment to the personal loan with less interest.

Credit Restoration

credit sale

This site says: "Finally, An Effective Credit Repair System That Instantly Deletes Inquiries, Charge-Offs, Late Payments And Judgments From Credit Reports…"