What is Lending Tree and how does it work?

Lending Tree is an online loan marketplace that connects borrowers with multiple lenders, allowing them to compare different loan options in a convenient and efficient manner. When users visit Lending Tree's website and enter their financial information, such as credit score, income, and desired loan amount, Lending Tree utilizes this data to match the user with potential lenders from its network. These lenders then provide personalized loan offers, which include varying interest rates and terms. Users can review, compare, and choose the best loan offer that suits their needs without having to individually approach multiple lenders. By facilitating competition among lenders, Lending Tree helps users potentially secure lower interest rates and better loan terms than they might find on their own.