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LendingTree Impostor Scam

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LendingTree Impostor Scam Reports & Reviews (2)

- Morton, PA, USA • Oct 02, 2024

Congratulations ****** *****  We are glad to inform you that the online loan application that you have applied has been successfully approved by our company. Below is the approval information,

Loan Approval: LTC-789801

Loan Up to: $5,000.00

APR : 10%

*NO HIDDEN CHARGES*

*NO SECURITY DEPOSIT*

* NO UPFRONT FEES*

James Daniel

Extension: 707

Contact us on -

+1(252) 210-4836

LendingTree©

Reach to your loan officer today for the same day transfer.

Below is your loan approval letter, Kindly open the Pdf file attached below of this email. Signature (E-sign eligible) to complete the documentation.

When it comes to financial empowerment, more and more people are taking the reins by leveraging personal loans. This type of debt — which is considered “good debt“ if you use it to improve your financial health — has grown 11.4% over the last year, according to Experian. Numbers like these are firming up personal loans as a viable personal finance tool.

So how do they work? A personal loan is a lump-sum installment loan, typically ranging anywhere from $1,000 to $35,000, that you can use for a number of purposes, whether that’s to see you through a financial emergency or consolidate high-interest debt. The latter involves using a personal loan to pay off your outstanding balances. From there, you’ll have one new balance with a fixed monthly payment, repayment timeline, and an interest rate that’s ideally lower than what you were shelling out on your previous balances.

“I think that’s why a lot of people are turning to personal loans, because the interest rates on credit cards are getting so high,” said ***** **********, a Philadelphia-based certified financial planner.

Snagging a lower interest rate is obviously ideal, but locking down an inexpensive personal loan isn’t always easy. Here’s everything you need to know about qualifying for one.

Your credit score

This is far and away the most important piece of the puzzle. Lenders view your credit score as an indication of how creditworthy you are. Translation: A lower credit score suggests that you might be a risky borrower. Lenders protect themselves from this risk by tacking on higher interest rates, while reserving the most competitive rates and terms for those with excellent credit.

“If your score is less than 640, you’re probably not going to find a very reasonable personal loan,” said ******* ******, a Cleveland-based certified financial planner.

Borrowers with a credit score that’s 640 or higher may be eligible for APRs as low as 2.49%, according to rates in MagnifyMoney’s personal loan marketplace (MagnifyMoney is a LendingTree company).

If a low score prevents you from securing a personal loan that has a reasonable interest rate, ********** says that bringing on a cosigner, if you have one available, could be the thing that tips the scales. If that’s not an option, it’s time to revisit why you’re seeking a personal loan to begin with (more on this in a minute).

Your payment history

This goes hand in hand with your overall credit score. Your payment history carries the most weight when it comes to determining your score — it makes up 35% percent of your FICO Score. This is precisely why having a history of missed payments will come back to haunt you — a single late payment will stay on your credit report for seven years.

“Most lenders are going to be looking for a credit score that’s good or excellent, and they’re going to be looking at your repayment history,” said **********.

Again, what lenders are looking for is some degree of reassurance that you will in fact make good on your personal loan payments. A solid track record of making on-time payments will increase your odds of getting approved.

Our Review

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The Company Has Register Under Federal Government Of United States

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This is my email to them on September 30 2024

There were checks in the following amounts deposited into my account.

$509.00

$324.00

$238.00

The supposed check for the State Farm money was NOT deposited into my savings account as you indicated. You will need to take care of that on your end now.

I had a negative balance of $491.64 another outside check for $12 was deposited to my account. With the 3 checks in the amounts listed above were deposited I should have a positive balance.

****** I have not heard back from them either by phone or email.

I received a phone call they asked if I still need the loan and I said yes and then they said they paid my credit card off and then they told me to go to a store and take money off my credit card and put it on another card that is when my boyfriend called the company and they said they did not call or authorize anyone else to call

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