A lender is an individual or company that makes funds available for borrowing. Lenders can specialize in a category of lending, like mortgage, automotive, personal, education, credit cards and others. Banks may choose to offer all categories of borrowing for their customers.
Consumers who wish to borrow money should first determine what sort of loan best meets their needs – a home equity loan, credit card or personal loan may be able to meet any general financial requirement, and education, mortgages and auto loans are designed to cover specific categories of purchasing.
Once consumers have decided on a category of loan, they can save significant sums by comparing offers from competing loan providers. LendingTree is designed to facilitate this kind of comparison for borrowers. In addition, consumers can get a free credit score and view real time loan quotes from trusted lending partners.