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LendingTree

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This is an old revision of this page, as edited by Sim~enwiki (talk | contribs) at 05:12, 19 July 2009 (I reverted 16, as I do not beleive deletion is key, but I agree with 16 that this is in the wrong place. I tried to blaance the article somewhat. Coupld you improve it some more from here?). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.
LendingTree, LLC
Company typeLLC
FoundedCharlotte, North Carolina (1996)
HeadquartersUnited States Charlotte, North Carolina, USA
Key people
Doug Lebda, CEO/Founder
Number of employees
2,491 (2005)
Websitewww.lendingtree.com

LendingTree, LLC is an online lending exchange. LendingTree is a web-based company (LendingTree.com), operating a lead-generation business. LendingTree provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans, and credit cards.

History

Launched in 1998 with headquarters in Charlotte, North Carolina, LendingTree, LLC also owns and operates LendingTree Loans sm, GetSmart.com, and HomeLoanCenter.com. LendingTree, LLC is a business of Tree.com, Inc. (NASDAQ: TREE).

Conflict

Lending Tree, using the motto "When banks compete, you win" uses Supply and Demand to attempt to lower consumer interest rates by forcing morgate suppliers into a bidding war, which can result in a better bargain for the user.

However, Consumer affairs has noted that Lending Tree's vetting process has paired customers with alleged "banks" that use fraudulent practices, or sometimes outright scams, such as advance fee fraud.[1]

References

  1. ^ http://www.consumeraffairs.com/finance/lending_tree.html


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