For example, lenders who make offers to loan shoppers on the LendingTree platform do so using a score from TransUnion, which is modeled on the FICO score (although mortgage lenders may later include FICO scores is the full underwriting file because Fannie Mae, Freddie Mac, and FHA require those scores).
Also, is Lending Tree legit?
LendingTree is 100%, certified legit. LendingTree will connect you with lenders, and the service is completely free. One of the main criticisms of LendingTree is the potential for “hard pulls” on your credit by lenders.
People also ask, is LendingTree a direct lender?
LendingTree helps borrowers find many different types of loans (such as personal loans and mortgages) through a lending marketplace. Multiple lenders compete for your business on the LendingTree platform, but keep in mind that LendingTree is not a lender itself.
Is LendingTree like Credit Karma?
With the launch of free credit monitoring, LendingTree will compete with Credit Karma’s credit monitoring features. Like Credit Karma, LendingTree will send users alerts of any changes or potential suspicious activity. These users will receive push notifications on their mobile app and emails when this occurs.
Is upstart the same as LendingClub?
While Upstart has a clearly defined minimum credit score of 600 to apply for a loan, LendingClub is a little vaguer on requirements. Upstart has lower starting interest rates, but LendingClub has lower origination fees. Upstart offers loans of up to $50,000, while Avant’s loans top out at $35,000.
What FICO score does LendingTree use?
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.