Lending Tower

Lending Tower Reviews

Lending Tower Reviews
4.6(108)
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About Lending Tower

Lending Tower helps connect people to debt consolidation loans from a variety of lenders. The company streamlines the loan application process, reducing paperwork for its clients and helping them receive multiple plans at once. A trained consultant is available 24/7 to review each option's terms with applicants. Lending Tower helps connect people to lenders, regardless of their financial history.

Pros & Cons

Pros
  • Partners with reliable debt relief companies
  • Has a clear lending policy
  • A trained consultant explains the terms
Cons
  • Website has limited information
  • Terms and requirements vary based on the lender

Featured Reviews

Verified
Milford, CT

I made a phone call about a loan, the process was simple and easy. Great company to deal with. Highly recommended! The deposit was very fast. I also received follow up phone call ...

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Verified
Blanchardville, WI

I just wanted to take a moment to say how easy and wonderful my experience was. It was fast and easy. It was all done over my computer and I got great results within just two week...

Read full review

What is Lending Tower?

Lending Tower works with lenders nationwide to offer multiple debt consolidation loan options. It employs consultants to guide you through the process, going over each offer with you to help you choose the best one for your needs. The company has 24/7 customer service, so you can call any time to apply or ask questions.

With a clear lending policy in place, Lending Tower ensures each of its employees is non-discriminatory. The Quality Control Manager regularly reviews the company’s lending practices to ensure it offers equal lending opportunities.

How does Lending Tower work?

The first step in getting a debt consolidation loan through Lending Tower is to complete an online application using an access code. If you don’t have a code, you must call the company to begin your application process. You can also use this access code to check the rates you qualify for with no impact to your credit score.

Once you answer some basic financial questions, the company uses those details to connect you to lenders who can offer you debt consolidation loans. Since the loans are issued through other financial institutions, loan terms and conditions may vary; make sure to carefully review those from each individual lender.

After you've reviewed the terms and conditions and selected a lender, you'll sign the loan agreement. Funds are usually deposited into your account within 24 hours after approval.

Lending Tower rates

Since Lending Tower is not a direct lender, the terms and rates of your loan depend on which company you accept an offer with. It also depends on other factors, such as your:

  • Credit score
  • Length of loan
  • Amount of loan
  • Company-specific underwriting criteria

As of this writing, the rates on loans from Lending Tower partners range from 7.99%-29.99%. The higher your credit score, the better rates you can typically receive.

Lending Tower FAQ

How soon can I receive funds from Lending Tower?

Once your loan is approved, you’ll typically receive funds within 24 hours.

What are Lending Tower loan terms?

Since Lending Tower does not issue loans, the rates and terms you'll receive depend on the company you use for your debt consolidation loan. However, the company indicates that it can help you get a 24-, 26-, 48- or 60-month loan. The 24-month features the lowest overall cost, while the 60-month option has the lowest monthly payments.

Where is Lending Tower available?

While Lending Tower is licensed as a finance broker in California, it partners with lenders in all 50 states.

What loan products does Lending Tower offer?

Lending Tower doesn't offer any loan products. Instead, you'll answer a few questions and the company will use that information to connect you to a direct lender for your debt consolidation loan. 

Is Lending Tower legit?

Lending Tower became a licensed financial broker in 2022 and has no complaints registered with the Consumer Finance Protection Bureau or any pending legal actions. It currently acts as a broker for unsecured personal loans and debt consolidation loans, and if you're looking for a way to compare different loan options, Lending Tower might be a good option.

Although you can check your rates for free, you'll need to call the company to get started if you don't have an access code for the online application. Additionally, since there isn’t much information about loan terms and conditions online, you’ll want to read the paperwork for each loan carefully before you sign.

Lending Tower Reviews

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    How do I know I can trust these reviews about Lending Tower?
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    • Our moderators read all reviews to verify quality and helpfulness.
    Page 1 Reviews 0 - 5
    Verified purchase
    Process

    Reviewed Sept. 8, 2024

    I received a letter in the mail about my options and the possibility of pre-approval. Then one day, I decided to go for it since I was drowning in my credit card debt. I made a debt consolidation and Lending Tower helped me out with finding the best candidate for my situation. It's been a great experience. I applied online and then I made an appointment to speak to a representative and they called me the following day I made an appointment.

    The process was very straightforward and easy. They asked and confirmed a few of the things that I had already filled in online and then going forward, they just sent me the loans that I was pre-qualified for. From there on, it was my decision which one I wanted to go through and then that was when Best Egg was the choice I made. I've recommended Lending Tower to somebody else. After I recommended, it was when I saw that there was like a referral thing going on. But they got approved for a loan and they are happy with it as well.

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    Response from Lending Tower

    Your positive review is a great reminder that we're delivering on our promise to valued customers like you, Jarisa Rodriguez. Thank you for your trust in Lending Tower!

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      Verified purchase
      Online & AppEase of Use

      Reviewed April 26, 2024

      I applied with Lending Tower online and their website was easy to use. It didn't take long to get through it and it only took 30 minutes for them to see all the matches that I had with different companies. But it took a couple weeks for the application to go through, so it wasn't fast. They were backed up on people doing loans. Then from the application to funding, it took me two weeks. But the loan helped me get my credit score back up and the monthly payments were not not bad at all.

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      Response from Lending Tower

      Hi Jarred! Thanks for sharing your experience with Lending Tower. We're thrilled to hear our website made the application process smooth for you.

      Matching you with the right lender can take some time, especially when demand is high. We appreciate your patience during that period. It's great to know the loan helped improve your credit score and the payments were manageable for you.

      If you ever need assistance in the future, please don't hesitate to reach out to our team 24/7 at (800) 481-1821. We're happy to help!

      Verified purchase
      Customer ServicePunctuality & SpeedStaff

      Reviewed Jan. 28, 2024

      Lending Tower was the first one to contact me back and talk to me like I was a human being. The lending process was simple to a point to where I told them how much I was needing and they gave me a preapproval quickly. Then I've done all the paperwork, and I was approved and got the loan. They got very good people to talk to, and they were very helpful when I would call and ask a question. Working with Lending Tower helped me tremendously. It got me from having to lose a few things and not be able to pay off bills.

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      Response from Lending Tower
      Hi Patrick, Thank you for taking the time to leave us this positive review. We are so glad to hear you had an excellent experience with Lending Tower.

      -Lending Tower Support Team

      Verified purchase
      Customer ServicePriceProcess

      Reviewed Jan. 17, 2024

      We got a loan with Lending Tower because everyone's fallen on hard times 'cause of our economy. Our economy is in the trash hole thanks to the government. My wife and I have been married for almost 16 years, and we've never had credit card debt. About a year ago, crap started hitting the fan one after another, and then we racked up credit card debt 'cause the credit cards are always there as an emergency only. Those high interest rates are impossible to tap down, but there were emergencies. I found Lending Tower and saw much lower interest rates so that I can get the debt taken down a lot faster. They have a simple and seamless process. It was online, then someone called me to give me the options. They work through multiple companies, so I had lots of options to choose from.

      We picked an option that worked for us, and everything happened within 72 hours, from finding Lending Tower online, applying, and then getting the cash in our bank account. It's a three-year-loan, but the goal is to pay it off by the end of '24. Lending Tower helped us buy groceries, and we were able to catch up on other bills. Hopefully this loan will disappear quickly, but it was definitely impactful because the high interest rates of credit cards are ridiculous. That's why I try not to use them. We've always used credit cards and paid them off every month for the rewards.

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      Response from Lending Tower
      Hi Matthew,Thank you for taking the time to leave us this positive review. We are so glad to hear you had an excellent experience with Lending Tower.

      -Lending Tower Support Team

      Verified purchase
      Customer ServicePriceProcess

      Reviewed Jan. 12, 2024

      The process with Lending Tower was very easy and simple. I received an email on what to do and then somebody called me and walked me through what I needed to do online. It took 10 minutes and it was completed. After I got approved, I was given about six different options, amounts and payment plans. I got the one that looked the best for my situation and I got the money the next day. The interest rate was high and the amount of money they took out in fees was $1,500 all in and I wasn’t too happy about that. But I was in a pinch. So, next time, I will try to wait. It went through so smoothly and it was so easy, it's amazing that Lending Tower charged me so much just to be the middleman, which was the only thing I was upset with. Everything else was good. It was a pleasure and I would do business with Lending Tower again.

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      Response from Lending Tower

      Hi Daniel, We appreciate you leaving us this wonderful 5-star review. We are delighted to know we met your expectations for service. Thank you for choosing Lending Tower.

      Sincerely,

      Lending Tower Support Team

      Verified purchase

      Reviewed Oct. 2, 2024

      I did a loan for the renovations on my house and an additional down payment for a new car, and Lending Tower was great.

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      Response from Lending Tower

      Thank you for your feedback! We’re thrilled to hear you enjoyed your experience with Lending Tower. If you have any suggestions on how we can enhance our services, we’d love to hear them!

      Customer Service

      Reviewed Oct. 2, 2024

      Just curious why they cannot send you the offers via an email, with all the options. When they call I am very busy during the times they call. It seems they want to get on the phone to sell something. If you are truly an honest broker, why not just find the deals, relay them via email, and let us evaluate and pick the one that we best fits our needs. It really should just be that easy...

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      Response from Lending Tower

      Hi Mark, thank you for your feedback. We understand that busy schedules can make phone calls challenging. However, after you submit your application, we must verify it with one of our financial consultants for protocol and compliance reasons. This process ensures that we provide you with accurate and tailored options. We appreciate your understanding and are here to assist you in any way we can.

      Verified purchase
      Punctuality & Speed

      Reviewed Sept. 14, 2024

      I applied for a loan with Lending Tower to start a business. I did the application online and it was very easy. But when you get the loan, they get the first payment a few days later and they get almost $800 for the initial fees. That's not fair because they get a percent of the loan. But when I filled out the form, the form asked when I wanted to pay the first payment and I put the 5th of every single month.

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      Response from Lending Tower

      Gerardo Garcia, your positive review reinforces that we are fulfilling our commitment to our valued customers. Thank you for placing your trust in Lending Tower.

      Verified purchase
      Punctuality & Speed

      Reviewed Sept. 13, 2024

      Lending Tower gave me a good offer, and I went with them. Everything was on time and well.

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      Verified purchase
      Online & AppStaffEase of Use

      Reviewed Sept. 13, 2024

      It was very easy to apply with Lending Tower. They seemed legit and their website was easy to use. The application process took an hour, then it took 15 minutes to get my matches. The options that that Lending Tower provided were great and from approval to funding, it took one day. The lady from Upstart who referred me, Audrey, was great as well. In the end, I paid off some credit cards and things worked out.

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      Response from Lending Tower

      Your 5-star rating is valuable to us, Mark. We appreciate your feedback and use it to constantly improve. Thank you for choosing Lending Tower!

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      Lending Tower Company Information

      Company Name:
      Lending Tower
      Company Type:
      Private
      Year Founded:
      2015
      Address:
      5000 Birch St suite 3000
      City:
      Newport Beach
      State/Province:
      CA
      Postal Code:
      92660
      Country:
      United States
      Website:
      www.lendingtower.com