Comments on: Cutting down the Lending Tree http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/ Completely Messing the Point - Notes on cool tech, including RSS and Atom. May contain humor. Sun, 23 Nov 2008 14:18:17 +0000 http://wordpress.org/?v=2.0.5 by: You got robbed http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-8494 Tue, 16 Jan 2007 03:38:25 +0000 http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-8494 Chris, you just got robbed. There is no way you got a better rate from LT than anyone else could offer you. They have a 2 to 3 yield spread built into their rate. Any broker could have gotten you a better offer. Sorry, I use to work there and I know how their whole operation works. The lawsuit is legit and they will end up losing a lot of money. Chris, you just got robbed. There is no way you got a better rate from LT than anyone else could offer you. They have a 2 to 3 yield spread built into their rate. Any broker could have gotten you a better offer. Sorry, I use to work there and I know how their whole operation works. The lawsuit is legit and they will end up losing a lot of money.

]]> by: Chris http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-7977 Fri, 12 Jan 2007 20:16:40 +0000 http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-7977 We just recently refinanced with Lending Tree and were very happy with the whole process. We got a better rate than anyone else could offer us, everything was handled very quickly, no problems. We just recently refinanced with Lending Tree and were very happy with the whole process. We got a better rate than anyone else could offer us, everything was handled very quickly, no problems.

]]> by: PA realtor http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-6491 Tue, 02 Jan 2007 19:20:48 +0000 http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-6491 I had heard that many clients using Lending Tree for their mortgages always found themselves paying higher rates and closing costs from other agents in my office. Today I found out that they offer \ I had heard that many clients using Lending Tree for their mortgages always found themselves paying higher rates and closing costs from other agents in my office. Today I found out that they offer \

]]> by: Kim http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-5774 Tue, 26 Dec 2006 04:13:22 +0000 http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-5774 I'm sorry to hear about all of your horror stories, and I am pleased to say we don't have one and my family and i are happy to have the dream house we've waited for. Kim I’m sorry to hear about all of your horror stories, and I am pleased to say we don’t have one and my family and i are happy to have the dream house we’ve waited for.

Kim

]]> by: JH http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-2456 Mon, 20 Nov 2006 14:45:11 +0000 http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-2456 Thanks so much for this page, I have been looking into using Ltree for some time. 5! times now I have started the process and wimped out about 5 pages into, the page where you put your SSN in. Everytime I back out and look around more. This time I was almost ready to pull the trigger. But I stopped on the SSN page and did another google search. I found this page and started reading, a few pages into it was enough for me, no Lending Tree for me. Thanks so much. Thanks so much for this page, I have been looking into using Ltree for some time. 5! times now I have started the process and wimped out about 5 pages into, the page where you put your SSN in. Everytime I back out and look around more. This time I was almost ready to pull the trigger. But I stopped on the SSN page and did another google search. I found this page and started reading, a few pages into it was enough for me, no Lending Tree for me. Thanks so much.

]]> by: lending tree victim http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-2039 Thu, 16 Nov 2006 04:39:28 +0000 http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-2039 I am yet another victim of Lending Tree. I have a dozen inquiries on my credit report generated by Lendiing Tree sharing my data auto loan lenders. I have worked for 6 months to get these inquiries removed. I have been sucessful with only a few. Most just say, Quote Lending Tree gave us your data, you must have given them permission for us to run your credit Close Quote. Lending Tree misrepresents their service making it seem that your credit will be run once, when it will be run over and over by anyone who will pay for your info. It cost me my credit rating. I can not get the home improvement loan I want because my FICO score dropped almost 50 points. I have wasted countless hours on hold, writing letters, and making threats. Bad service is one thing, but I feel used and abused. My house is being eaten by termites, my roof is starting to sag, and I can\'t get a loan to fix it. When banks compete you win a big fat pain in the ass - Lending Tree! LendingTree Sucks! I am yet another victim of Lending Tree. I have a dozen inquiries on my credit report generated by Lendiing Tree sharing my data auto loan lenders. I have worked for 6 months to get these inquiries removed. I have been sucessful with only a few. Most just say, Quote Lending Tree gave us your data, you must have given them permission for us to run your credit Close Quote. Lending Tree misrepresents their service making it seem that your credit will be run once, when it will be run over and over by anyone who will pay for your info. It cost me my credit rating. I can not get the home improvement loan I want because my FICO score dropped almost 50 points. I have wasted countless hours on hold, writing letters, and making threats. Bad service is one thing, but I feel used and abused. My house is being eaten by termites, my roof is starting to sag, and I can\’t get a loan to fix it. When banks compete you win a big fat pain in the ass - Lending Tree! LendingTree Sucks!

]]> by: Former employee http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-1853 Tue, 14 Nov 2006 07:20:25 +0000 http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-1853 LendingTree Sued in Nationwide Class Action Announces Teuton, Loewy & Parker LLP IRVINE, Calif., Oct. 12 /PRNewswire/ -- IRVINE, Calif., Oct. 11 /PRNewswire/ -- The law firm of Teuton, Loewy & Parker LLP announced today that it filed a nationwide class action against LendingTree, LLC and its wholly-owned subsidiary, Home Loan Center, Inc., on behalf of consumers. The class alleges that LendingTree, LLC and Home Loan Center, Inc., which does business as "LendingTree Loans," have engaged in unfair business practices and false advertising. The complaint was filed in Orange County Superior Court on October 11, 2006. LendingTree's familiar slogan is: "When banks compete, you win." With this slogan, LendingTree styles itself as an online lending exchange that connects borrowers to a network of lenders that allegedly "compete" for the borrowers' business. The lawsuit alleges, however, that in thousands and thousands of cases there is no such competition at all; rather, LendingTree uses its LendingTree.com website and false advertising to generate leads for its wholly-owned, direct-lending division, Home Loan Center, Inc. Specifically, the lawsuit alleges that LendingTree's website attracts over 70,000 potential borrowers per month by touting LendingTree as a loan origination service that is not a lender, and claiming that LendingTree's "origination" service allows lenders to compete for borrowers' business. The lawsuit further alleges that LendingTree secretly diverts many LendingTree.com leads to its subsidiary, where unsuspecting borrowers are sold loans at inflated prices based on the materially false representation that "competition" has occurred among lenders. According to the lawsuit, borrowers are deceived into believing that they need not shop for a better loan rate because LendingTree has already done the shopping for them through use of its lender "network." In truth, the lawsuit alleges, LendingTree uses the "when banks compete, you win" slogan as a gimmick to attract unwary borrowers and sell them loans through the company's direct-lending division at inflated prices and without any such competition. The class action seeks declaratory and injunctive relief, millions of dollars in compensatory and punitive damages, restitution, and attorneys' fees. A related lawsuit was filed on September 15, 2006 by Fadel Lawandy, a former mid-level executive of LendingTree who was fired for alleged "insubordination" after he complained about LendingTree's business practices. If you have any information about this matter, you may email Teuton, Loewy & Parker LLP at LendingTreeinfo@tlpfirm.com or you may contact the firm as follows: Mark C. Teuton, Esq. TEUTON, LOEWY & PARKER LLP 3121 Michelson Drive, Suite 250, Irvine, CA 92612 Tel: (949) 442-7100 Fax: (949) 442-7105 www.tlpfirm.com Teuton, Loewy & Parker LLP ("TLP") is a Southern California law firm. TLP is actively engaged in complex litigation, including class actions brought on behalf of consumers and employees. TLP's capabilities in these fields are based upon the talents and extensive experience of its attorneys, who have litigated class actions in state and federal courts throughout the country. Teuton, Loewy & Parker LLP CONTACT: Mark C. Teuton, Esq. of Teuton, Loewy & Parker, +1-949-442-7100, or fax, +1-949-442-7105, Web site: http://www.tlpfirm.com/ LendingTree Sued in Nationwide Class Action Announces Teuton, Loewy & Parker LLP
IRVINE, Calif., Oct. 12 /PRNewswire/ —

IRVINE, Calif., Oct. 11 /PRNewswire/ — The law firm of Teuton, Loewy & Parker LLP announced today that it filed a nationwide class action against LendingTree, LLC and its wholly-owned subsidiary, Home Loan Center, Inc., on behalf of consumers. The class alleges that LendingTree, LLC and Home Loan Center, Inc., which does business as “LendingTree Loans,” have engaged in unfair business practices and false advertising. The complaint was filed in Orange County Superior Court on October 11, 2006.

LendingTree’s familiar slogan is: “When banks compete, you win.” With this slogan, LendingTree styles itself as an online lending exchange that connects borrowers to a network of lenders that allegedly “compete” for the borrowers’ business. The lawsuit alleges, however, that in thousands and thousands of cases there is no such competition at all; rather, LendingTree uses its LendingTree.com website and false advertising to generate leads for its wholly-owned, direct-lending division, Home Loan Center, Inc.

Specifically, the lawsuit alleges that LendingTree’s website attracts over 70,000 potential borrowers per month by touting LendingTree as a loan origination service that is not a lender, and claiming that LendingTree’s “origination” service allows lenders to compete for borrowers’ business. The lawsuit further alleges that LendingTree secretly diverts many LendingTree.com leads to its subsidiary, where unsuspecting borrowers are sold loans at inflated prices based on the materially false representation that “competition” has occurred among lenders.

According to the lawsuit, borrowers are deceived into believing that they need not shop for a better loan rate because LendingTree has already done the shopping for them through use of its lender “network.” In truth, the lawsuit alleges, LendingTree uses the “when banks compete, you win” slogan as a gimmick to attract unwary borrowers and sell them loans through the company’s direct-lending division at inflated prices and without any such competition.

The class action seeks declaratory and injunctive relief, millions of dollars in compensatory and punitive damages, restitution, and attorneys’ fees.

A related lawsuit was filed on September 15, 2006 by Fadel Lawandy, a former mid-level executive of LendingTree who was fired for alleged “insubordination” after he complained about LendingTree’s business practices.

If you have any information about this matter, you may email Teuton, Loewy & Parker LLP at LendingTreeinfo@tlpfirm.com or you may contact the firm as follows: Mark C. Teuton, Esq. TEUTON, LOEWY & PARKER LLP 3121 Michelson Drive, Suite 250, Irvine, CA 92612 Tel: (949) 442-7100 Fax: (949) 442-7105 www.tlpfirm.com

Teuton, Loewy & Parker LLP (”TLP”) is a Southern California law firm. TLP is actively engaged in complex litigation, including class actions brought on behalf of consumers and employees. TLP’s capabilities in these fields are based upon the talents and extensive experience of its attorneys, who have litigated class actions in state and federal courts throughout the country.

Teuton, Loewy & Parker LLP
CONTACT: Mark C. Teuton, Esq. of Teuton, Loewy & Parker, +1-949-442-7100,
or fax, +1-949-442-7105,

Web site: http://www.tlpfirm.com/

]]> by: Tony http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-1742 Mon, 13 Nov 2006 05:58:44 +0000 http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-1742 Just wanted to say thanks! I was about to try them out as well, but something didn\'t feel quite right. It seemed to easy. So I chose to google them and up came this site. I\'m greatful for it. A couple of comments to those \ Just wanted to say thanks! I was about to try them out as well, but something didn\’t feel quite right. It seemed to easy. So I chose to google them and up came this site. I\’m greatful for it. A couple of comments to those \

]]> by: Chris http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-1092 Mon, 06 Nov 2006 16:47:57 +0000 http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-1092 Too bad we didn\'t discover this info before Lending Tree slipped us off to All Lending Confidence (www.alllendingconfidence.com). As of 11-6-06, ALC stole $1500.00 from two young newlyweds with two small children for a loan that was supposed to be the right thing. Now they\'re out the $$, can\'t make payments they were assured wouldn\'t be an issue once they got their loan and LENDING TREE takes no responsibility. Real nice. . . Too bad we didn\’t discover this info before Lending Tree slipped us off to All Lending Confidence (www.alllendingconfidence.com). As of 11-6-06, ALC stole $1500.00 from two young newlyweds with two small children for a loan that was supposed to be the right thing. Now they\’re out the $$, can\’t make payments they were assured wouldn\’t be an issue once they got their loan and LENDING TREE takes no responsibility. Real nice. . .

]]> by: Roger http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-566 Fri, 03 Nov 2006 16:40:51 +0000 http://inkblots.markwoodman.com/2005/05/24/cutting-down-the-lending-tree/#comment-566 Fantastic information! I starting filling out the online form due to the great advertising they do. A thought came out of no where, warning me to be a bit more skeptical and do some research. Low and behold I found this page in a google search and was very interested in the nightmares faced with this loan brokerage firm. I thank you all very much for providing this information that kept me from facing the multitude of credit checks and phone calls. Thanks to google for making this type of research possible. Fantastic information! I starting filling out the online form due to the great advertising they do. A thought came out of no where, warning me to be a bit more skeptical and do some research. Low and behold I found this page in a google search and was very interested in the nightmares faced with this loan brokerage firm. I thank you all very much for providing this information that kept me from facing the multitude of credit checks and phone calls. Thanks to google for making this type of research possible.

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