CHARLOTTE, N.C., Sept. 29, 2020 /PRNewswire/ — LendingTree®, the nation’s leading online loan marketplace, today announced the launch of a series of new features for My LendingTree users to help consumers better manage their financial lives. The LendingTree app can now connect directly with consumers’ checking and savings accounts in addition to credit cards and loans, giving users a more comprehensive overview of their financial profile.
Powered by Plaid, a data network powering the fintech tools that millions of people rely on to improve their financial lives, My LendingTree users can connect their bank accounts from over 11,000 financial institutions. By integrating checking and savings account information, My LendingTree will provide a comprehensive overview of budgets, spending habits, transaction history and cash flow analysis in the same place users can check credit scores, savings recommmendations and identity monitoring updates. This new feature consolidates the most important financial information in one place, so consumers don’t need to use multiple services or apps to get a gauge on their financial health.
“Fintech is helping to make money easier, which often begins with understanding your financial situation and the options available to you,” said Eric Sager, COO of Plaid. “MyLendingTree now makes it easy to securely link your financial accounts through Plaid, including loans and other debts, and get a comprehensive view of your finances to help you improve your money management.”
New My LendingTree Features:
Connect Bank Accounts: Users can connect their bank account(s) to My LendingTree from over 11,000 financial institutions, powered by Plaid.
Cash Flow Analysis: Using historical financial transactions and spending history, users can view monthly cash flow projections.
Budget Tracker: The budgeting feature informs users how their monthly spending lines up with the recommended budget (below, on track, too high) or they can