CALGARY, Alberta, Aug. 2, 2018 /CNW/ -- LendingArch, Canada's fastest growing rate comparison platform, announced today the expansion of its popular Credit Card Comparison Division on the LendingArch platform.
Canadian consumers are visiting the LendingArch platform in increasing numbers to browse and search through many of the country's top credit cards by rewards points, fee levels, demographic and interest rate analysis to determine which credit card suits them best for their personal or business use.
The expansion of its credit card division has attracted major financial institutions. LendingArch has successfully signed deals with the majority of Canada's top Institutions and credit card providers. This list consists of the Country's top Banks and Credit Lenders throughout the Nation including brands such as Home Trust, American Express and Bank of Montreal, to allow users to easily browse and filter through the top credit card options available in Canada.
LendingArch's benefit to its credit card providers includes the ability to provide pre-qualified customers that have a high probability to be approved for a credit card. This increases the efficiency of targeted marketing spend for all LendingArch's credit card providers.
Meanwhile, customers have a highly matched credit card offer that suits their needs. This gives them a high probability of approval, saving them time and money when it comes to searching through the multiple cards out there one by one, not knowing if that card is the right one for them or what exactly the features of that particular card may be, and the different ways they could benefit from the various cards.
This credit card comparison capability is completely free to use for all Canadians on the LendingArch platform.
"We've already seen the positive impact our lending solutions have made to Canadians in the other financial categories that LendingArch offers, and we feel that bringing a simplified tech and data-driven approach to allow users to compare the Nation's best credit cards is a natural transition for our platform to offer to our valued customers," said Paul Hadzoglou, President of LendingArch.
The LendingArch technology can directly recommend the best and most appropriate credit card for your specific needs. This will save time in endless research when it comes to filling out application after application not ever knowing if you are even pre-approved and saving multiple hits to your credit bureau. Through the LendingArch platform, borrowers will have a high probability for success in matching their needs with the card that is right for them, and it is a faster way to obtain the card or cards they are looking for.
LendingArch's continual expansion into the various financial categories has led to an immediate increase in users, applications received, application volume, lending partners and technology integration.
"We are excited to announce the expansion of our Credit Card Division within our suite, and having signed deals with the likes of Home Trust, American Express and Bank of Montreal, to name a few, shows the value LendingArch can bring to everyday consumers looking to simplify their financial search when it comes to the right Credit Card for their needs". - Paul Hadzoglou, President of LendingArch.
"We have now increased our reach, breadth, and ability to provide full spectrum financial rate comparison services across a number of verticals to our customers and users, including credit cards, a major benefit to our ever-expanding Canadian user base," says Paul.
Credit cards are recommended to the LendingArch users, and it's up to the user to proceed with whichever credit card LendingArch has recommended to them based on the filters the user chooses, with no obligation to apply for a card, providing free information and offers to all LendingArch customers.
LendingArch is trending for well over half a billion in loan volume applications this year.
"Our process is secure, fast, and easy to use for all users," Says Paul.
LendingArch takes on the work of sourcing, and appealing to consumers within different verticals, offering them real-time solutions to their credit card needs.
LendingArch is free to use for all visitors, and any Canadian can use the platform to source a Loan or Credit Card.
"Something people don't always realize, it is helpful to apply for cards with different lenders if you need to, however every time you do so, your credit score is getting 'hit' as lenders need to check your credit to determine which card and interest rate to offer you.
"If you continue to apply for Credit Cards individually, your credit score will naturally decline, which will lead you to receiving worse offers from lenders.
"Using our platform, we determine which of Canada's cards have the highest probability to approve you based on your tailored needs, saving you time, money, and naturally maintaining your credit score as much as possible".
LendingArch has the majority of the Nations credit cards on its platform and is continually adding new credit cards to its platform on a consistent basis as consumers continue to use LendingArch as their primary source for financial comparison services.
LendingArch is a fully robust platform, that allows borrowers to compare rates from multiple lenders, comparing credit card rates, car loans, personal loans, small business loans and even credit rebuilding services. Organizing Canadians based on their individual credit profile and more relevant data points to save them time and money.
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Borrowers apply for loans and utilize the proceeds for a variety of reasons.
From personal expenses, debt consolidation, home improvement costs, help with personal growth, wedding loans, car loans, credit cards, and loans for their business; LendingArch continues to grow, and is dedicated to bringing financial advancement to consumers and businesses who deserve to grow and flourish, at their rate on their terms.
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