Quick Answer: Can LendingTree Be Trusted?

What is the minimum credit score for a personal loan?

FICO credit scores range from 300 to 850.

The higher the number, the lower the perceived risk.

Typically, the credit score for a personal loan that you’ll want to aim for is 660 or higher..

Which is better Lending Club or Lending Tree?

Winner: LendingTree LendingTree has LendingClub within its network, which means you could potentially have the same APR. And because there are other providers within LendingTree’s network, you also have the opportunity to receive a lower APR than those provided by LendingClub.

Does LendingTree hurt your credit?

LendingTree’s inquiry does not count towards your credit score nor does it show up on your credit report to anyone but you. Each Lender has their own policy about pulling your credit. … In all cases, LendingTree pulls your credit report when you complete a loan request.

Is LendingTree good for mortgages?

LendingTree is not a mortgage lender or broker. Rather, it is a third-party service that takes a borrower’s information and submits it to multiple bankers and brokers within its vast network. These companies, who actually do extend loans, then compete for the borrower’s business.

Is LendingTree good for auto loans?

LendingTree does’t offer auto loans directly. It’s an online marketplace that can connect you with lenders offering different kinds of car loans. You may be able to get a loan for a new or used car or to refinance your current auto loan at a lower rate. You can also find financing to buy out a lease.

What credit score does LendingTree use?

Your credit score will vary depending on which of the three credit bureaus – Equifax, Experian and TransUnion – is used. To simplify this confusion, the three main credit bureaus partnered together to create the VantageScore. LendingTree provides you with the most recent version of this credit score: VantageScore 3.

What does your credit score need to be for LendingTree?

585While each lender is different, most will only consider loans for those with a credit score of at least 585, and those with lower credit scores can expect higher interest rates from lenders, if they qualify at all.

What credit score is needed for a $5000 loan?

People with credit ratings ranging from bad to excellent may be able to find a $5,000 loan that works for them. Just keep in mind that unless your credit score is at least 660 (which is in the fair credit range), you likely won’t be able to qualify for a personal loan that doesn’t have an origination fee.