Lending Tree RIPOFF WILL SCREW YOUR CREDIT!!! DISHONEST Charlotte North Carolina

Ok, ive read the comments here about how the inquiries wont effect your credit, but this is untrue. The more inquiries you have the worse your credit gets. Let no one tell you any different. As far as Lending Tree destroying peoples credit, i can relate, as they took mine down a considerable amount also in the double digits. I was refinancing and also used Lending Tree based on a friends recommendation. Let me tell you, Lending Tree sold my information to over 300 companies, who in turn ruin my credit. In one week alone i recieved more than 100 phone calls about refinancing. This continued for months. Now these companies will and did sell my info to other companies, all trying to cash in on getting a refi. All together, including emails, i recieved over 1000 hits on my credit, and some from the same companies. Lending Tree lowered, or caused my credit score to be lowered to the point i could not refinance my home. So any of you who want to get a loan or refinance your home or car, use a local bank or mortgage company. Never use one of these companies that will sell your information online. Lending Tree will do anything as will these other companjies to make a $$$$$.

Ok, ive read the comments here about how the inquiries wont effect your credit, but this is untrue. The more inquiries you have the worse your credit gets. Let no one tell you any different. As far as Lending Tree destroying peoples credit, i can relate, as they took mine down a considerable amount also in the double digits. I was refinancing and also used Lending Tree based on a friends recommendation. Let me tell you, Lending Tree sold my information to over 300 companies, who in turn ruin my credit. In one week alone i recieved more than 100 phone calls about refinancing. This continued for months. Now these companies will and did sell my info to other companies, all trying to cash in on getting a refi. All together, including emails, i recieved over 1000 hits on my credit, and some from the same companies. Lending Tree lowered, or caused my credit score to be lowered to the point i could not refinance my home. So any of you who want to get a loan or refinance your home or car, use a local bank or mortgage company. Never use one of these companies that will sell your information online. Lending Tree will do anything as will these other companjies to make a $$$$$.

Ok, ive read the comments here about how the inquiries wont effect your credit, but this is untrue. The more inquiries you have the worse your credit gets. Let no one tell you any different. As far as Lending Tree destroying peoples credit, i can relate, as they took mine down a considerable amount also in the double digits. I was refinancing and also used Lending Tree based on a friends recommendation. Let me tell you, Lending Tree sold my information to over 300 companies, who in turn ruin my credit. In one week alone i recieved more than 100 phone calls about refinancing. This continued for months. Now these companies will and did sell my info to other companies, all trying to cash in on getting a refi. All together, including emails, i recieved over 1000 hits on my credit, and some from the same companies. Lending Tree lowered, or caused my credit score to be lowered to the point i could not refinance my home. So any of you who want to get a loan or refinance your home or car, use a local bank or mortgage company. Never use one of these companies that will sell your information online. Lending Tree will do anything as will these other companjies to make a $$$$$.

Ok, ive read the comments here about how the inquiries wont effect your credit, but this is untrue. The more inquiries you have the worse your credit gets. Let no one tell you any different. As far as Lending Tree destroying peoples credit, i can relate, as they took mine down a considerable amount also in the double digits. I was refinancing and also used Lending Tree based on a friends recommendation. Let me tell you, Lending Tree sold my information to over 300 companies, who in turn ruin my credit. In one week alone i recieved more than 100 phone calls about refinancing. This continued for months. Now these companies will and did sell my info to other companies, all trying to cash in on getting a refi. All together, including emails, i recieved over 1000 hits on my credit, and some from the same companies. Lending Tree lowered, or caused my credit score to be lowered to the point i could not refinance my home. So any of you who want to get a loan or refinance your home or car, use a local bank or mortgage company. Never use one of these companies that will sell your information online. Lending Tree will do anything as will these other companjies to make a $$$$$.

Actuallythe Fair Isaac and Company are who determine your scores on all three of the bureaus. They are the credit scoring company. You can view all information regarding any of the credit scoring information on www.myfico.com . Your "beacon" score IS your FICO score. All companies do have different methods of scoring, however each company reports their information to FICO.

It is very doubtful that your score dropped significantly. The scores you see when you pull your reports are completely different than what ANY lending institution sees. There are items on your report that show up differently to other agencies and your score is also different. People need to keep in mind anytime you go anywhere to get ANY type of loan, they have to do a credit check, regardless of what they say. If you went to a dealership to obtain a loan for an automobile, trust me your credit would be hit more times than if you even LOOKED at the LendingTree website. Every company shops you around, atleast LendingTree tells you that up front. You knew your credit was going to be run, you click on "submit" below the disclosure stating this. Why complain about it?

No one reads the fine print anymore. Tsk tsk.

It is true that requesting information from the credit bureaus will alter your credit 'score'. All three have different protocol for how much of an impact the requests will have on your number.

If you are making a major purchase, maybe you can go to each of their websites and see if you can find current information on how each are currently scoring.

I know that it was a variance of almost 80 points between credit bureaus when I shopped for a mortgage. People should know this going in - also that they cannot legally pull your file without your consent. So, if you call for information and they pull your file, you should complain about this.

Good luck;

The following is copy and pasted directly from the FICO website run by FairIsaac

Fallacy: My score will drop if I apply for new credit.

Fact: If it does, it probably won't drop much. If you apply for several credit cards within a short period of time, multiple requests for your credit report information (called inquiries) will appear on your report. Looking for new credit can equate with higher risk, but most credit scores are not affected by multiple inquiries from auto or mortgage lenders within a short period of time. Typically, these are treated as a single inquiry and will have little impact on the credit score.

More importantly, all inquiries within the immediately preceeding 30 days are not reflected in your score.

Pull your own credit report. You can do it at the above mentioned website. It will show you who pulled your credit and when. If it was not done with your permission,then that is wrong and illegal.