LendingTree launches Credit Analyzer, a free credit and debt analysis tool
CHARLOTTE, North Carolina, April 4, 2018 / PRNewswire / – LendingTree®, the country’s leading online loan marketplace, today announced the launch of its free credit analyzer credit and debt analysis tool, which was created to help consumers avoid common credit mistakes, improve their debt management skills, and find the right financial products for their needs.
Credit Analyzer is a free tool that provides more in-depth and instant analysis of consumers ‘credit and debt situations and offers personalized recommendations based on individuals’ financial goals. The user experience is designed to give consumers a better understanding of the most important factors that impact credit scores. The tool recommends actions that users can take to improve credit and find the right financial product for their specific needs. The credit analyzer also makes it easier for consumers to know the affordability of their home and car, the estimated monthly payments, and the potential savings they can achieve through various debt management strategies.
To get started, users answer a few questions and select the goals they want to achieve, such as Improve Credit, Reduce Debt, Buy a Home, and Buy a Car. The tool intelligently provides recommendations based on a proprietary algorithm and prioritization of user goals.
“At LendingTree, we strive to help every consumer make smarter financial decisions, regardless of their credit situation,” said Raj Patel, senior manager of credit restoration and debt related services and products by LendingTree. “There are approximately 45 million consumers who have credit scores below 640, which limits their financial capabilities. We want to help these consumers better understand their credit situation through education and free financial tools, using financial goals to guide consumers towards better financial health and finding the right financial product for their needs.
The credit analyzer can be accessed at https://www.lendingtree.com/creditanalyzer and through My loan tree, LendingTree’s financial intelligence platform that allows users to monitor their credit health and identify potential savings opportunities.
To sign up for LendingTree’s free credit monitoring service or create a free My LendingTree account, visit www.MyLendingTree.com.
LendingTree (NASDAQ: TREE) is the nation’s leading online lending marketplace, allowing consumers to compare prices across a full range of loan and credit offerings. LendingTree provides an online marketplace that connects consumers with multiple lenders competing for their business, as well as a range of online tools and information to help consumers find the best loan. Since its inception, LendingTree has facilitated over 65 million loan applications. LendingTree provides free monthly credit scores through My LendingTree and access to its network of over 500 lenders offering home loans, personal loans, credit cards, student loans, business loans, home equity loans / lines of credit, auto loans and more. LendingTree, LLC is a subsidiary of LendingTree, Inc. For more information, visit www.lendingtree.com, call 800-555-TREE, like our Facebook page and / or follow us on Twitter @LendingTree.
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