Stump Grinding the Lending Tree
I learned an interesting lesson over the last year: The world decides what is interesting.
I’ve merrily typed away about RSS and Atom and other arcane trivialities for the last year, but the most popular post on inkBlots hasn’t been about syndication, it was about my bad experience with Lending Tree on May 24, 2005.
Over 30 people have shared their stories on “Cutting down the Lending Tree“, the vast majority of whom either had a bad experience with Lending Tree, or who narrowly avoided one after reading the post and the stories of commenters.
To those of you who have added your horror stories: Thank you. Enough small voices banded together can sometimes be heard over the din of radio and TV ads. To those of you who avoided the Lending Tree trap because of the experiences we have posted, good luck, God speed, and spread the word.
I still get unwanted emails from Lending Tree brokers, despite my attempts to shut down all communications from them a year ago. (Thankfully, no more phone calls.) They will keep my information for a minimum of another year, so I expect more unwanted contact from Lending Tree for quite some time.
June 6th, 2006 at 05:44
I am a professional mortgage broker. I have been interested in partner with (buying leads from) Lending Tree. Before getting involved with such a relationship, I would be interested in yours and other consumers’ beefs, because I approach my business and customers with integrity. What were your bad experiences? I must provide the caveat that consumers who complete the Lending Tree form may also go to other mortgage sites. Lending Tree supposedly does not oversell the forms (I think 5 brokers maximum) where many lesser lead companies wholesale and retail leads dozens of times. Please tell me what you know. I want to build a decent marketing plan that is considerate of consumers!
Brian
June 6th, 2006 at 14:46
Brian,
Check out the comments on “Cutting Down the Lending Tree” to see what people have to say.
- Mark
September 15th, 2006 at 15:34
Giving your info to LT actually APPLIES FOR CREDIT with several lenders, and if they reject you, it goes on your credit report. Even though I didn’t sign anything to APPLY for credit with this company (IndyMac) nor did I even speak to one of their representatives, I receive a reject letter, and now it goes on my credit.