In a previous post, I explained how Lendingtree works and why, despite the slick advertising, it is the worst place to get a mortgage. Well the saga continues. A lawsuit was filed alledging that Lendingtree mislead consumers into thinking that banks are competing for their business when in fact they are not. Before I get [...]
Archive for the ‘Lendingtree’ Category
More Bad Fruit from Lendingtree
Posted in Interest Rates, Lenders, Lendingtree on Jan 3, 2007 | 1 Comment »
When Banks Compete… You Lose
Posted in Lendingtree on Dec 20, 2006 | 1 Comment »
Advertising has a way of glossing over how things really work. I am sure you have seen the television ads for Lendingtree.com. The happy couple looking for a mortgage has four lenders fighting over who gets to give them a loan. Honestly, the ad is quite funny, but far from the truth.
The first thing you [...]
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